By Nick Carey and Nora Eckert LONDON/DETROIT (Reuters) -U.S. President Donald Trump’s threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs, executives and industry experts say. The duties on their …
Trump’s copper tariffs pile more metal misery on US auto industry Read More »
By Helen Reid LONDON (Reuters) -A year after Josh Schulman became Burberry’s CEO with a mandate to turn the British luxury brand around, investors say they’re pleased with early signs of recovery even though sales are still falling. Burberry, known for its trademark trench coats and check pattern scarves, is in the early stages of …
A year into turnaround, Burberry investors see progress Read More »
(Reuters) -A look at the day ahead in European and global markets from Wayne Cole. It looks increasingly clear that for President Trump, tariffs are mainly a convenient means of dominating the news cycle and staying in the headlines. Not for him are months of tortuous, complex trade talks aimed at a win-win outcome. Why …
Morning Bid: The art of hogging headlines, using tariffs Read More »
LONDON (Reuters) -Britain said it would strike an agreement with Vietnam to make it easier for pharmaceutical firms to sell UK-made medicines in the Southeast Asian nation, under a new trade strategy that emphasises quick, industry-specific deals. Britain launched the new strategy last month, promising a nimbler approach compared to the emphasis it placed on …
UK agrees deal with Vietnam to remove pharmaceutical trade barriers Read More »
By Julia Payne BRUSSELS (Reuters) -European Union envoys are on the verge of agreeing an 18th package of sanctions against Russia for its full-scale invasion of Ukraine that would include a lower price cap on Russian oil, four EU sources said after a Sunday meeting. The sources said all the elements of the package had …
EU envoys near agreement on lower Russian oil price cap Read More »
MANCHESTER, England (Reuters) -Britain on Sunday announced a 500 million pound ($675 million) fund intended to help up to 200,000 vulnerable children. The Better Futures Fund aims to provide support for struggling families and give children access to better education and a safe home over the next 10 years, the government said. Prime Minister Keir …
Britain launches 500 million pound fund for vulnerable children Read More »
ZURICH (Reuters) -Siemens and SAP CEOs have urged the European Union to revise its artificial intelligence legislation, saying the current rules stifle innovation. SAP CEO Christian Klein and Siemens CEO Roland Busch told the Frankfurter Allgemeine Zeitung that a new regulatory framework is needed to support rather than hinder technological advancement. The EU’s AI Act, …
Siemens and SAP call for EU to revise its AI regulations – FAZ Read More »
PARIS (Reuters) -President Emmanuel Macron on Sunday announced a plan to push forward France’s defence spending, pledging to double the military budget by 2027 – three years earlier than originally planned – in response to a complex geopolitical moment. France had aimed to double its defence budget from 2017 levels by 2030. However, Macron pledged …
France’s Macron announces plan to accelerate military spending Read More »
By Valentina Za, Giuseppe Fonte and Francesca Landini MILAN (Reuters) -An Italian court has scrapped some of the conditions Rome had set to clear UniCredit’s takeover offer for Banco BPM, except a request that it stop operating in Russia – which the Milan-based lender may struggle to comply with. The court’s ruling published on Saturday …
Court scraps some of Rome’s demands in UniCredit’s BPM bid, keeps Russia exit Read More »
BERLIN (Reuters) -German Chancellor Friedrich Merz on Sunday said he will work intensively with French President Emmanuel Macron and European Commission President Ursula von der Leyen to resolve the escalating trade war with the United States. “I discussed this intensively over the weekend with both Macron and Ursula von der Leyen,” Merz told German broadcaster …
Germany’s Merz wants to use coming weeks to find solution to Trump tariff row Read More »
