Maruti Suzuki, India’s leading automaker by sales, reported a surprise decline in quarterly profit for the period ending March 31, 2026.

German luxury automaker Mercedes-Benz Group reported a sharp drop in full-year earnings on Thursday, warning of continued headwinds after a year marked by intense competition from Chinese rivals and mounting global tariff costs.

Hyundai Steel, South Korea’s second-largest steel producer, said on Friday that its net profit plunged 84 percent in 2025 from a year earlier, hurt by a prolonged downturn in the construction sector and rising global protectionism.

IKEA, the world’s largest furniture retailer, reported a 32% drop in annual profits on Friday, citing its strategy of lowering prices to drive sales and the impact of higher U.S. tariffs.

TotalEnergies said Wednesday that its net profit fell in the first quarter despite expanding production, as a slide in global crude oil prices penalises the financial performance of energy firms.