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Stellantis to recall over 123,000 U.S. vehicles over risk of detached trim pieces

(Reuters) -Stellantis is recalling 123,396 vehicles in the U.S. due to detached trim pieces on the driver and passenger windows that can create a road hazard for other vehicles, increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Saturday. The quarter trim on the driver and passenger windows …

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UK to offer to pay more for some drugs to appease Trump, FT reports

(Reuters) -The British government will offer to pay more for medicines that it buys for the National Health Service, the Financial Times reported on Friday, hoping to defuse one of U.S. President Donald Trump’s top complaints after he announced steep tariff increases on branded medication. British Prime Minister Keir Starmer’s chief business adviser, Varun Chandra, …

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Britain would face 100% tariff on pharmaceuticals under latest Trump plan, sources say

By Jarrett Renshaw WASHINGTON (Reuters) -Britain would face 100% tariffs on pharmaceuticals imported into the U.S. under President Donald Trump’s latest plan, sources told Reuters on Friday. Trump announced on Thursday that he was imposing a 100% tariff that would apply to firms unless they build a manufacturing presence in the United States. The European …

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Standard Chartered defeats two lawsuits in US over alleged ties to attacks

By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Friday dismissed two lawsuits seeking to hold Standard Chartered Bank liable for having allegedly provided indirect support to groups that conducted 12 attacks in Israel and Iraq between 2010 and 2019. U.S. District Judge Margaret Garnett in Manhattan said the 90 plaintiffs–including attack victims and …

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Russian fuel crisis causes long queues and headaches for motorists

SEVASTOPOL, Crimea (Reuters) -A long queue of cars outside a petrol station in Sevastopol, a port city in Russian-controlled Crimea, laid bare the challenges drivers across Russia are facing in a widening gasoline crisis. As Ukraine has stepped up drone attacks on Russian refineries and export terminals in recent weeks, motorists are feeling the bite. …

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ING facing delay in completing the sale of its Russian unit

BRUSSELS (Reuters) -Dutch bank ING said on Friday it was facing a delay completing the previously announced sale of its Russian division to Global Development JSC. “At the time, it was expected that the transaction would be completed in the third quarter of 2025, subject to various regulatory approvals. Since the buyer has not received …

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Roche, Novartis underline U.S. plans after Trump pharma tariff announcement

By Paul Arnold ZURICH (Reuters) -Swiss companies Roche and Novartis on Friday flagged they did not expect to be hit by President Donald Trump’s latest pharmaceutical tariff announcement because they are in the process of building new U.S. sites and investing there. Trump said on Thursday the United States will impose a 100% tariff on …

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Mercedes-Benz spins out Silicon Valley chip group into new company

By Stephen Nellis SAN FRANCISCO (Reuters) -Mercedes-Benz on Friday spun out into a new company a group of chip experts in Silicon Valley that is working on creating a new generation of computing brains for self-driving cars, drones and other vehicles. Athos Silicon, based in Santa Clara, California, will house a group of engineers who for …

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Juventus loss shrinks to 58 million euros with boost from Champions League

MILAN (Reuters) -Juventus posted a 58 million euro ($68 million) loss in the fiscal year ended June 30, versus a 199 million euro loss a year earlier, as the Italian soccer club returned to Europe’s lucrative elite club competition Champions League. Revenue at the Turin-based club, which also benefited from its participation to the expanded …

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Bank of England’s Dhingra calls for faster interest rate cuts

LONDON (Reuters) -Bank of England interest rate-setter Swati Dhingra said Britain’s high inflation rate is likely to ease off and the central bank should move more quickly to cut borrowing costs. “The effects of the shocks driving the UK’s current high inflation relative to Europe will fade, and thus, we should not be overly cautious …

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