WASHINGTON (Reuters) -U.S. President Donald Trump’s trade deals will stay in place despite an ongoing legal challenge to his sweeping tariffs, U.S. Commerce Secretary Howard Lutnick told CNBC in an interview on Friday. “These big deals are going to stay. We have lots of other authorities that the president can use,” Lutnick said. “The 232s …
Lutnick says big trade deals to stay despite ongoing legal battle Read More »
By Maria Martinez and Christian Kraemer BERLIN (Reuters) -Germany’s budget committee finalised the budget for 2025 with record investments to revive the economy and a strong commitment to defence spending, people familiar with the matter said on Thursday. Germany has been operating on a provisional budget this year after the former ruling coalition collapsed last …
German budget committee approves investment-heavy 2025 budget Read More »
BERLIN (Reuters) -BMW Chief Executive Oliver Zipse said the European Union’s planned phase-out of combustion engines by 2035 was a “big mistake”, calling for a shift to emission measures that capture a vehicle’s entire supply chain. Zipse said in an interview with Politico, published on Friday, that setting a fixed date for the transition risked …
BMW CEO calls EU’s 2035 combustion engine ban a ‘big mistake’, sees strong 2025 sales Read More »
(Reuters) -U.S. chip company Qualcomm and German luxury automaker BMW announced an automated driving system on Friday, which could help attract customers with new features like hands-free driving assistance. The Snapdragon Ride Pilot driver-assistance system will debut in BMW’s electric iX3 and offers hands-free highway driving, automatic lane changes and parking assistance, the companies said. …
Qualcomm, BMW launch automated driving system to better compete in growing market Read More »
LONDON (Reuters) -The pound rose versus a broadly weaker dollar on Friday, but headed for its third weekly decline in a row after a week marked by gilt market turbulence amid growing investor jitters over Britain’s finances. At 1040 GMT on Friday, sterling was 0.3% higher at $1.3481, but on track for a weekly decline …
Sterling ticks higher but heads for weekly loss after gilt turbulence Read More »
By Dave Graham and John Revill BADEN, Switzerland (Reuters) -Swiss economy minister Guy Parmelin is due to meet senior U.S. administration officials on Friday in his country’s latest effort to negotiate down the crippling 39% tariffs imposed by U.S. President Donald Trump on most Swiss exports. Switzerland’s government said that Parmelin flew to Washington on …
Swiss economy minister in US to seek better deal on Trump tariffs Read More »
(Reuters) -French utility EDF and the European Investment Bank on Friday announced a 500 million euro ($585.4 million) financing deal for the second phase of a 1 billion euro overhaul of France’s public electricity network. European electricity grids have come under scrutiny in recent years as excess renewable energy production has raised interest in cross-border …
EDF, European Investment Bank sign 500 million euro deal to update French power grid Read More »
By Olivier Cherfan (Reuters) -The Dutch government has no intention of releasing postal service provider PostNL from an EU-mandated obligation to make nationwide deliveries, it said on Friday, a relief the company sought after losing another bid for state aid. The company had asked to be released from the universal service obligation after a tribunal …
Dutch government rejects PostNL bid to be released from nationwide delivery obligation Read More »
By Michel Rose PARIS (Reuters) -A viral French X account has tapped into rising generational tensions in France, where squeezed millennials rallying under the slogan “Nicolas foots the bill” say that better-off baby boomers should do more to fix the country’s huge deficit. With the government facing collapse over how to plug the euro zone’s …
Squeezed French millennials blame boomers in backlash over soaring deficit Read More »
(Reuters) -Siemens Energy will invest 220 million euros ($257.55 million) in a three-year project to expand its transformer manufacturing facility in Nuremberg, the energy technology company said on Friday. Siemens Energy said the move is set to create 350 new jobs and boost production capacity by around 50%. Currently employing around 1,000 workers, the Nuremberg …
Siemens Energy to expand Nuremberg transformer production site Read More »
