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By Giancarlo Navach and Giuseppe Fonte CERNOBBIO, Italy (Reuters) – Italian Economy Minister Giancarlo Giorgetti warned on Saturday against the imposition of retaliatory tariffs on the United States in response to President Donald Trump’s announcement of sweeping import duties on trade partners. Speaking at a business forum near Milan, Giorgetti said Italy was aiming for …

Italy warns against counter-tariffs on U.S., calls for budget leeway Read More »

By Trevor Hunnicutt, Mei Mei Chu and Susan Heavey PALM BEACH, Florida/BEIJING/WASHINGTON (Reuters) -Global stock markets plummeted further on Friday after China said it would strike back at U.S. President Donald Trump with additional tariffs of 34% on U.S. goods, escalating a trade war that has rattled investors and fed fears of a coming recession. …

Stocks slump again after China fires back in trade war with tariffs on US goods Read More »

By Ludwig Burger and Brendan Pierson (Reuters) -Bayer said on Friday it was again petitioning the U.S. Supreme Court to sharply limit legal claims that its Roundup weedkiller causes cancer, seeking to avoid potentially billions of dollars in damages. Bayer said in its petition that consumers should not be able to sue it under state …

Bayer renews bid for US Supreme Court to curb glyphosate cases Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -Global stock markets extended their recent rout on Friday, with S&P 500 companies wiping out $5 trillion in stock market value since U.S. President Donald Trump unveiled sweeping tariffs on Wednesday, while investors fled to the safety of government bonds. The Nasdaq confirmed it was in a bear market, …

S&P 500 loses $5 trillion in two days in Trump tariff selloff Read More »

By Anne Kauranen HELSINKI (Reuters) – Finnish technology conglomerate Insta said on Friday it is interested in producing anti-personnel land mines in Finland once the Finnish government leaves the international mine ban treaty. NATO member Finland said on Tuesday the Nordic country plans to quit the Ottawa Treaty, a global convention banning anti-personnel land mines, …

Tech company Insta eyes land mine production once Finland quits treaty Read More »

(Reuters) -The rout on Wall Street continued on Friday, with the Nasdaq earning a bear-market classification, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration’s sweeping levies, escalating a global trade war. The S&P 500, Dow and Nasdaq [.N] closed down more than 5% each. Losses accelerate after Federal …

Markets extend plunge after Powell says Fed to wait and see on tariffs impact Read More »

JOHANNESBURG (Reuters) – Audio streaming giant Spotify’s royalty payments to artists from Nigeria and South Africa – its two biggest African markets – spiked to around $59 million last year as performers rode a wave of growing interest in music from the continent. The Swedish company paid out some $10 billion in royalties worldwide in …

Spotify royalty payouts to Nigerian, South African artists boom in 2024 Read More »

By Nora Eckert, Kalea Hall, David Shepardson (Reuters) -Automakers are offering deals to anxious customers to ride a short-term surge in shopping, while also warning lawmakers that they will have to raise prices dramatically if tariffs remain in place for long.  Chrysler parent Stellantis said on Friday it would extend its employee-discount program to the …

Automakers provide stable pricing for now, but warn of future hikes Read More »

By Gleb Bryanski MOSCOW (Reuters) – Russia’s president Vladimir Putin has appointed a little known company to manage assets linked to major German pharmaceutical firm Stada, according to a decree published on Friday. Since the start of the invasion of Ukraine and subsequent flight of many foreign businesses, Putin has issued several decrees to transfer …

Putin names little known firm to run pharma company spun off from Germany’s Stada Read More »

By Francesco Canepa and John O’Donnell FRANKFURT (Reuters) -With the ink still fresh on U.S. President Donald Trump’s latest batch of tariffs, some are already bracing for what may come next in his effort to strong-arm trading partners into doing his bidding. As the epicentre of the financial world and the issuer of the global …

After tariff shock, Trump may weaponise finance against allies Read More »