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Shares of some of the world's biggest car brands traded sharply lower on Friday, extending steep losses from the previous session.

U.S. President Donald Trump's so-called 'Liberation Day' trade tariffs are "madness, pure madness", according to former Italian Prime Minister Enrico Letta.

British oil major BP on Friday said its chair Helge Lund will step down, kickstarting a succession process with support from the wider board.

Global markets and businesses were thrown into disarray by U.S. President Donald Trump's tariff announcements on Thursday.

Eight key OPEC+ producers on Thuesday agreed to raise combined crude oil output by 411,000 barrels per day, pushing down oil prices.

U.S. President Donald Trump's aggressive and far-reaching "reciprocal tariffs" were signed into effect on Wednesday, hitting over 180 countries.

Shares of some of the world's biggest automakers appeared surprisingly resilient on Thursday.

U.S. President Donald Trump could change his trade policies if he comes under pressure from trading partners, German economy minister Robert Habeck suggested.

European defense giant Leonardo hopes to present a satellite alliance with Airbus and Thales within months, the company's CEO told CNBC.

The U.K. escaped relatively unscathed compared to many other nations, facing the lowest trade tariff that President Trump announced Wednesday.