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BERLIN (Reuters) – German carmaker BMW on Thursday urged the European Union and United States to strike a deal to prevent a spiralling trade conflict, in a statement issued in response to President Donald Trump’s announcement of new car tariffs. “A trade conflict between these economic regions would not have any benefits,” the company said …

BMW calls for transatlantic deal to prevent spiral of tariffs Read More »

LONDON (Reuters) – U.S. President Donald Trump’s actions to raise import tariffs will drive prices up for American consumers, the CEO of fast-fashion retailer H&M said on Thursday, as the company shifts its supply chain to adapt to new trade barriers. H&M’s biggest manufacturing hubs are China, which Trump has already hit with an extra …

H&M CEO says US tariffs will cost American consumers Read More »

BRUSSELS (Reuters) – Europe needs to increase spending on defence but few countries other than Germany can afford to significantly boost their debt levels, so they must consolidate expenditure, French central bank chief Francois Villeroy de Galhau said on Thursday. “We need fiscal consolidation… we need debt stabilization,” Villeroy told a conference about his native …

Europe must spend on defence but few can afford debt rise, Villeroy says Read More »

BELGRADE (Reuters) – Serbian oil company NIS, majority-owned by Russia’s Gazprom Neft and Gazprom, is likely to get a last-minute, 30-day extension to its waiver from U.S. sanctions, the CEO of state gas company Srbijagas said on Thursday. The previous waiver is due to expire at midnight, and if it is not extended NIS could …

Serbia expects another sanctions waiver from US for oil company NIS, official says Read More »

BERLIN (Reuters) – German car parts supplier Bosch said it is still banking on the North American region with expansion plans there, while stressing that it was globally positioned in a statement responding to U.S. President Donald Trump’s tariff announcement. “We have confidence in the long-term potential of the North American market and are continuing …

Parts supplier Bosch says still banking on North America amid car tariffs Read More »

BERLIN (Reuters) – German rail operator Deutsche Bahn aims to make an operating profit this year as cost cuts and infrastructure investment start to pay off, the company said on Thursday after posting heavy losses in 2024. Following more than a decade of under-investment, state-owned Deutsche Bahn has started upgrading its tracks, crossings and overhead …

German rail operator Deutsche Bahn aims to return to profit this year Read More »