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Tariff fears pressure British stocks; Aston Martin slumps to record low

27 Mar 2025

(Reuters) -British equities closed lower on Thursday, with mining stocks leading declines, after U.S. President Donald Trump announced new tariffs on all foreign-made vehicles and auto parts. Late on Wednesday, Trump announced a 25% tariff on imported cars and light trucks starting next week, widening concerns about the global trade war he kicked off upon …

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Polish airline LOT signs deal for two Boeing 787-8 Dreamliners

27 Mar 2025

WARSAW (Reuters) – Polish flag carrier LOT has signed a deal for two Boeing 787-8 Dreamliners, Minister Dariusz Klimczak said on social media platform X on Thursday, which will be obtained through a lease deal according to LOT’s chief executive. “In the face of global challenges related to the availability of wide-body aircraft, this success …

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Barclays switches preference to global fixed income over equities on tariff risks

27 Mar 2025

(Reuters) – Barclays said on Thursday it favors fixed income investments over equities for the first time in “several quarters” and warned global economic growth was at risk due to U.S. President Donald Trump’s escalating tariff policies. Despite hurdles such as rising prices and poor fiscal outlooks in Western economies, the risk to fixed income …

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EU’s Virkkunen says Commission plans new semiconductor support programme

27 Mar 2025

By Toby Sterling AMSTERDAM (Reuters) – Europe is looking at additional ways to support its semiconductor industry, European Commission digital chief Henna Virkkunen said on Thursday, following calls this month from industry groups and lawmakers for a “Chips Act 2.0”.  The original 43 billion euro ($46 billion) Chips Act launched in 2023 failed to reach …

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Czechs to start oil imports through upgraded TAL pipeline in April

27 Mar 2025

PRAGUE (Reuters) – The Czech Republic will increase shipments of crude via the expanded TAL pipeline from Italy in April, Czech pipeline operator MERO said on Thursday, replacing imports of Russian oil through the Druzhba pipeline which were suspended this month. At the end of last year MERO completed an upgrade of TAL, which carries …

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Turkish competition board opens probe into Apple, other companies

27 Mar 2025

ISTANBUL (Reuters) – The Turkish Competition Board said on Thursday it had decided to open an investigation into Apple, Destek Bilisim, Easycep Bilisim, Getmobil Technology and HB Bilisim regarding whether they intervened in the sales prices of resellers. (Reporting by Ebru Tuncay; Editing by Daren Butler)

Russia remands billionaire Moshkovich in custody for two months

27 Mar 2025

MOSCOW (Reuters) – Russian farming billionaire Vadim Moshkovich was remanded in custody for two months by a Moscow court on Thursday after his detention on suspicion of large-scale fraud, the highest-profile arrest in years of a major businessman in Russia. Moshkovich, who Forbes says has a fortune of $2.7 billion, appeared in a glass cage …

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