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By David Shepardson WASHINGTON (Reuters) -A trade group representing nearly all major automakers warned on Tuesday that new 25% tariffs on imports from Canada and Mexico imposed by U.S. President Donald Trump will lead to drastic price hikes. “All automakers will be impacted by these tariffs on Canada and Mexico,” said John Bozzella, who heads …

Automakers warn that Trump tariffs will hike vehicle prices as much as 25% Read More »

By Padraic Halpin DUBLIN (Reuters) -Flutter, the world’s largest online betting company, said on Tuesday it expects to increase its core profit by around 34% this year following growth of 26% in 2024, driven again by its fast-growing and market-leading U.S. brand FanDuel. The Irish-founded company’s growth has been transformed by a gambling boom in …

Fanduel owner expects to ride US gambling boom for 34% profit jump in 2025 Read More »

(Reuters) -Major stock indexes fell in volatile trade on Tuesday, with the Nasdaq Composite index at one point down 10% from its December record high, while Treasury yields also seesawed as the United States hit Canada, Mexico and China with steep tariffs. The tariff move by U.S. President Donald trump fueled investor worries about the …

What Trump’s tariffs mean for markets Read More »

By Foo Yun Chee BRUSSELS (Reuters) – The European Commission aims to propose draft legislation this year that would allow insurers, leasing companies and repair shops fair access to valuable vehicle data, according to its auto industry action plan to be published on Wednesday. Provided it gets the backing of member states, the law could …

EU plans law to give car services groups access to vehicle data Read More »

By Renju Jose SYDNEY (Reuters) – Tech giants Facebook and Instagram owner Meta Platforms, Snapchat and TikTok have urged Australia to reconsider a decision to exempt Alphabet’s YouTube from its laws banning social media for children younger than 16. The landmark legislation setting some of the world’s most stringent limits on social media was approved …

Big tech opposes YouTube exemption from Australia’s ban on social media for children Read More »

By Angelo Amante ROME (Reuters) – Italy’s government is open to changing its “golden power” legislation allowing intervention on mergers and takeovers, a cabinet undersecretary said on Tuesday, as part of efforts to cut red tape weighing on businesses. Designed at the EU level to fend off unwanted non-European Union buyers, the golden power rules …

Italy open to reviewing golden power rules on M&A to cut red tape Read More »

LONDON/BERLIN (Reuters) – The conservatives and the Social Democrats agreed to seek a loosening of Germany’s debt brake to allow higher defence spending, as well as proposing to create a 500 billion euro ($529 billion) infrastructure fund, their leaders said on Tuesday. “We are aware of the scale of the tasks ahead of us, and …

Instant view: German parties agree debt brake reform, 500 billion-euro infrastructure fund Read More »

(Reuters) -Apple has appealed a British government order to create a “back door” in its most secure cloud storage systems, the Financial Times reported on Tuesday, citing people familiar with the matter. The iPhone maker removed its most advanced security encryption for cloud data, called Advanced Data Protection (ADP), in Britain last month, in what …

Apple appeals to overturn UK government’s ‘back door’ order, FT reports Read More »