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(Reuters) -German chipmaker Infineon Technologies said on Monday it would buy Marvell Technology’s automotive ethernet business for about $2.5 billion in cash, to expand its microcontroller segment. The automotive ethernet business, which will become a part of Infineon’s automotive division, is expected to generate revenue between $225 million and $250 million in calendar year 2025, …

Infineon Technologies to buy Marvell’s auto ethernet business for $2.5 billion Read More »

By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission bowed to pressure from EU countries to water down countermeasures against U.S. President Donald Trump’s tariffs on steel and aluminium, removing U.S. bourbon from its list of targets. The European Commission had planned to impose extra duties on up to 26 billion euros ($28.4 billion) of …

Factbox-How has the EU watered down its countermeasures to US tariffs? Read More »

BERLIN (Reuters) -Traton said on Monday that it expected the North American truck market to shrink by close to 10%, the lower end of its full-year forecast, even before accounting for the impact from U.S. tariffs or a possible recession. Truckers in the United States are deferring orders over fears of a global recession, Volkswagen’s …

Traton warns US truckers deferring orders over recession fears, analyst note says Read More »

LUXEMBOURG (Reuters) – The range of U.S. tariffs decided last week by President Donald Trump is hitting 380 billion euros ($416.21 billion) worth of EU exports to the United States, EU trade commissioner Maros Sefcovic told reporters on Monday. He added the European Commission had worked a list of counter measures, which will be sent …

EU’s Sefcovic says US tariffs hitting 380 billion euros’ worth of its exports Read More »

By Niket Nishant (Reuters) -U.S.-listed shares of crypto companies tumbled on Monday, mirroring a sharp drop in bitcoin as escalating tariff tensions and fears of a global trade war triggered a broad retreat from risk assets. Bitcoin fell as much as 5.5% to hit its lowest in 2025. Strategy, which holds billions worth of the …

US crypto stocks slip as bitcoin hits new 2025 low Read More »

(Reuters) -British stocks plunged on Monday, extending their selloff from last week after U.S. President Donald Trump threatened to impose an additional 50% tariff on China, amplifying the trade war between the two major global economies. The blue-chip FTSE 100 index dropped 4.4%, its weakest closing level in over a year. The domestically-focused midcap index …

British stocks swept up in global selloff as trade war worries intensify Read More »