By Caroline Valetkevitch and Lewis Krauskopf NEW YORK (Reuters) -Investors appeared to embrace news of a trade deal between the U.S. and European Union on Sunday that is expected to bring clarity for companies and some certainty to markets ahead of U.S. President Donald Trump’s Friday tariffs deadline. The euro rose against the U.S. dollar …
Euro, US stock index futures climb after US-EU trade deal Read More »
PRESTWICK, Scotland (Reuters) -European Commission President Ursula von der Leyen defended the trade deal clinched with United States on Sunday as “the best we could get” and not to be underestimated given the looming threat of 30% tariffs that had been hanging over the EU. A baseline tariff rate of 15% on EU goods imported …
(Reuters) -The European Union must open up its markets for U.S. exports in order to convince U.S. President Donald Trump to reduce a threatened 30% tariff rate due to kick in on August 1, U.S. Commerce Secretary Howard Lutnick said on Sunday, adding Brussels clearly wanted to make a deal. “The question is, do they …
US commerce secretary says Europe must open markets to get lower tariff deal Read More »
VIENNA (Reuters) -The European Commission will probably not impose a so-called excessive deficit procedure on Germany for breaching the EU’s budget deficit cap this year, Economic Commissioner Valdis Dombrovskis told the Financial Times. Germany’s new conservative-led coalition government has said it does not expect a planned spending spree, including on defence, to be found in …
Germany unlikely to fall foul of EU deficit rules, official tells FT Read More »
(Reuters) -Russia will launch direct passenger flights from Moscow to North Korea’s capital Pyongyang on Sunday, Russian authorities said, as the two former communist bloc allies move to improve ties following Russia’s invasion of Ukraine in 2022. The start of regular flights between the capitals for the first time since the mid-1990s, according to Russian …
Russia starts first Moscow-Pyongyang passenger flights in decades Read More »
BERLIN (Reuters) -Germany’s culture minister said on Saturday he had invited Italian media magnate Pier Silvio Berlusconi to a meeting to discuss his company’s bid to buy TV group ProSiebenSat.1, adding the German firm’s journalistic independence must be preserved. “A change of ownership at a media group like ProSiebenSat.1 would be far more than business …
German culture minister invites Berlusconi to discuss ProSieben bid Read More »
By Kate Abnett BRUSSELS (Reuters) -Qatar has threatened to cut gas supplies to the European Union in response to the bloc’s due diligence law on forced labour and environmental damage, a letter from Qatar to the Belgian government, seen by Reuters, showed. Qatar is the world’s third-largest exporter of liquefied natural gas (LNG), after the …
Qatar threatened to cut EU LNG supplies over sustainability law, letter shows Read More »
By Christy Santhosh and Mrinalika Roy (Reuters) -Sarepta Therapeutics failed to win the European drug regulator’s backing for its muscle disorder gene therapy on Friday, as the company faces intense regulatory scrutiny after two recent patient deaths tied to the treatment. Shares of the Cambridge, Massachusetts-based company slumped 11%. They have lost 88.8% so far …
Sarepta fails to win EU backing for muscle disorder gene therapy Read More »
By Echo Wang NEW YORK (Reuters) -Meta Platforms has appointed Shengjia Zhao, co-creator of ChatGPT, as chief scientist of its Superintelligence Lab, CEO Mark Zuckerberg said on Friday, as the company accelerates its push into advanced AI. “In this role, Shengjia will set the research agenda and scientific direction for our new lab working directly …
Meta names ChatGPT co-creator as chief scientist of Superintelligence Lab Read More »
By Abigail Summerville and Mrinmay Dey (Reuters) -French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, people familiar with the matter told Reuters on Friday. The Bernard Arnault-led company has been holding talks with potential buyers including Reebok-owner Authentic Brands Group and WHP Global, the sources …
LVMH in talks to offload fashion label Marc Jacobs, sources say Read More »
