Jasper Jolly

The German carmaker has reported that its first quarter profits for 2025 have tumbled by 25%

The boss of BMW has predicted that Donald Trump’s tariffs on imports of foreign cars will be lowered this summer, as the German carmaker reported that its profits for the first quarter tumbled by 25%.

Oliver Zipse, BMW’s chief executive, said that he expects Trump’s 25% tariffs on the import of foreign cars will be dropped by July.

Investing in space vital for sustaining quality of life amid ‘volatile geopolitical’ landscape, says Josef Aschbacher

Donald Trump’s return to the White House has prompted a shift away from ties with America by European political leaders and a rapid increase in defence spending as the continent’s security reaches a “turning point”. The ripples from Europe’s newfound desire for self-reliance could go even further: as far as space.

Europe’s drive for more autonomy means it must also increase its invesment in space technology, according to Josef Aschbacher, director general of the European Space Agency (Esa), the intergovernmental body tasked with overseeing the space exploration ambitions of European countries including much of the EU and the UK.