(Reuters) -German automaker BMW is telling dealers in the U.S. it will absorb the added cost of new tariffs on its imports from Mexico, at least for the next several weeks, a spokesperson for the company said on Wednesday. The Wall Street Journal first reported the news. BMW said it would “price protect” certain Mexican-built …
BMW to absorb tariff costs on some Mexican-built models Read More »
WARSAW (Reuters) – Restrictions on Poland’s access to the U.S.-designed AI chips may be lifted by the Trump administration, Polish deputy digital minister Dariusz Standerski said on Wednesday. A law introduced in the final days of outgoing President Joe Biden’s administration imposed AI chip export restrictions, granting the U.S. unrestricted access while curbing supply to …
Poland hopes Trump will reverse Biden-era AI chip restrictions Read More »
PARIS (Reuters) – French bank Societe Generale said on Wednesday it would propose Ingrid-Helen Arnold and Olivier Klein as new independent members of its board. Arnold, aged 56 and a German national, has had a long career at SAP, Europe’s largest software maker, where she was chief information officer and member of the global management …
SocGen proposes two new independent board members Read More »
By Lisa Baertlein (Reuters) – Global trade is forecast to grow, albeit less robustly, as the world reacts to U.S. President Donald Trump’s tariff policies, Germany’s DHL Group CEO Tobias Meyer told Reuters on Wednesday. “That outlook is mainly based on the 75% of global trade that does not touch the U.S.,” said Meyer, who …
Global trade to grow despite US tariff policies, says DHL Group CEO Read More »
ATHENS (Reuters) -Piraeus Financial Holdings <BOPr.AT> said on Wednesday it has clinched a deal to buy 90% of Greek insurer Ethniki Insurance from CVC Capital Partners for 600 million euros. Piraeus, one of Greece’s four largest banks said last month it was in exclusive talks to acquire Ethniki Insurance, which expected to increase fee revenues …
Piraeus bank agrees to buy 90% of Ethniki Insurance from CVC Read More »
(Reuters) – Blackstone is exploring options for Hello Sunshine, one of the best-known assets in the portfolio of its Hollywood media company, Candle Media, including the possibility of combining it with another company, four people familiar with the matter told Reuters. Candle Media’s acquisition of Reese Witherspoon’s Hello Sunshine, the female-focused entertainment company behind Apple …
Blackstone evaluates options for Reese Witherspoon’s Hello Sunshine, sources say Read More »
BRUSSELS (Reuters) – EU antitrust regulators have set a July 1 deadline for their decision on Liberty Media’s 3.5-billion-euro ($3.8 billion) bid for Dorna Sports as they resumed their investigation, according to an update on the European Commission website. The EU antitrust watchdog had paused its scrutiny last month while waiting for information from the …
EU regulators set July 1 deadline for Liberty Media, Dorna deal Read More »
By Tim Hepher and Karl Plume PARIS/CHICAGO (Reuters) -Makers of goods from sportswear to luxury cars and chemicals painted a gloomy picture on Wednesday of consumer and industrial health, hitting share prices and adding to concerns about the damage from U.S. President Donald Trump’s trade wars. Increased tariffs on all U.S. steel and aluminium imports …
Corporate gloom deepens as new Trump tariffs take effect Read More »
LONDON (Reuters) – Britain’s poorest households are worse off than those in Slovenia and Malta after nearly two decades of stagnation in UK living standards, a think tank said, underscoring finance minister Rachel Reeves’ challenge in this month’s budget update. The National Institute of Economic and Social Research said despite Britain’s ranking as the world’s …
Britain’s poorest households worse off than those in Slovenia, think tank says Read More »
By Stephanie Kelly and Arunima Kumar NEW YORK (Reuters) -Oil prices rose 2% on Wednesday, as U.S. government data showed tighter-than-expected oil and fuel inventories, though investors kept an eye on mounting fears of a U.S. economic slowdown and the impact of tariffs on global economic growth. Brent futures settled $1.39, or 2%, higher at …
Oil up 2% on tighter US supplies but tariff concerns loom Read More »
