ZURICH, April 30, 2025-- UBS (NYSE:UBS) (SWX:UBSN):

BERLIN (Reuters) -German logistics company DHL on Wednesday posted higher sales and earnings in the first quarter, a period dominated by tensions over U.S. import tariffs that could both help and hinder the group's bottom line. Group revenues increased by 2.8% year on year to 20.8 billion euros ($23.66 billion) and earnings before interest and taxes (EBIT) were up 4.5% at 1.4 billion euros. DHL maintained its guidance for the full year, forecasting an operating result of at least 6 billion euros.

STUTTGART, Germany (Reuters) -Volkswagen said on Wednesday it expects profit margins this year towards the bottom end of its forecast, the latest automaker to strike a downbeat tone as an industry already pressured by costs and competition grapples with tariff uncertainty. The German group, which suffered a 40% drop in earnings in the first quarter, now sees its annual operating profit margin closer to 5.5% than its earlier projection of 5.5%-6.5%. It also expects net cash flow towards the lower end of its forecast of 2 billion euros to 5 billion euros ($2.3-5.7 billion) and net liquidity close to 34 billion euros.

Company Announcement No. 1155Higher earnings in Q1 2025 driven by improved gross profit The DSV Group achieved higher earnings in Q1 2025 compared to the same period last year in volatile and uncertain markets. The earnings growth was driven by improved gross profit, especially in Air & Sea.Gross profit for the period improved by 6.2% and EBIT before special items was 4.8% higher compared to the same period last year.Strong adjusted free cash flow generation in Q1 2025, which improved to DKK 3,1

Company Announcement No. 1154 Today, DSV A/S (“DSV”) completes the previously announced agreement between DSV and Deutsche Bahn AG (“Deutsche Bahn”) to acquire 100% of the global freight forwarding and contract logistics business DB Schenker operated by Schenker AG and its affiliates (“Schenker”) in an all-cash transaction. Please refer to Announcement No. 1132 of 13 September 2024. The transaction has an enterprise value of approximately DKK 106.7 billion (approximately EUR 14.3 billion). DSV h

BERLIN (Reuters) -Mercedes-Benz on Wednesday pulled its earnings guidance for 2025 amid uncertainty over the impact of U.S. President Donald Trump's tariffs on car imports, as the German automaker posted sharply lower first-quarter profit. "Clearly Mercedes-Benz is a global player ... we don't fear competition in any direction," CEO Ola Källenius told analysts. He said "constructive" talks with the Trump administration over boosting Mercedes' U.S. manufacturing presence were ongoing, but declined to provide details.

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The US Treasury Department’s actions against Tornado Cash were unlawful, and it can’t sanction the crypto mixer again, a Texas federal court judge has ruled.

The US government and global regulatory efforts had a major effect on crypto compliance over the past few years, according to Elliptic's James Smith.

The case stems from the US Internal Revenue Service's attempt to obtain Coinbase users' transaction data in 2016.