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China files revised dispute consultations request with US on tariff measures, WTO says

6 Mar 2025

GENEVA (Reuters) – China submitted a revised request for dispute settlement consultations with the United States to address new U.S. tariffs applied on goods originating in China, the World Trade Organization said on Wednesday. The Trump administration’s latest tariff hike on Chinese imports has heightened fears of a renewed trade war between the U.S. and …

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Goldman Sachs raises 2025 economic growth forecast for Germany, Euro area

6 Mar 2025

(Reuters) – Goldman Sachs raised its economic growth forecast for Germany this year, citing the prospect of increased military and infrastructure spending, and also upgraded the growth estimate for the broader Euro area. Goldman now expects a 0.2% growth for Europe’s largest economy, up by 0.2 percentage points. In a note late Wednesday, the brokerage …

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Air New Zealand CEO Greg Foran resigns amid broader industry challenges

6 Mar 2025

(Reuters) -Air New Zealand announced on Thursday that CEO Greg Foran will step down in October after five years at the helm, as the airline navigates global supply chain disruptions and ongoing engine maintenance challenges. Foran, a former Walmart executive, has led the Kiwi flag carrier through a turbulent period, with the airline facing unique …

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Canada open to reduce its tariff retaliation if US offers more exemptions, source says

6 Mar 2025

OTTAWA (Reuters) – Canada is willing to reduce its retaliation to U.S. tariffs if the Trump administration drops some of the tariffs it has imposed, a Canadian government source said on Wednesday. Negotiations between Ottawa and Washington were continuing, and no deal had yet been reached, the source, who spoke on the condition of anonymity, …

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Trump delays auto tariffs. Pickup trucks might explain why

6 Mar 2025

By Nora Eckert, Kalea Hall and David Shepardson DETROIT (Reuters) -U.S. President Donald Trump’s 25% tariffs on Canada and Mexico have sent the U.S. auto industry scrambling to plan for the massive tax on some of America’s best-selling vehicles, including full-sized pickup trucks, while pinning their hopes on a potential deal in Washington. Hours after …

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Wall Street ends higher as markets eye easing of trade tensions

6 Mar 2025

By Johann M Cherian, Sukriti Gupta and Chibuike Oguh (Reuters) -Wall Street’s main indexes finished higher in choppy trading on Wednesday, as investors cheered the likely easing of trade tensions between the U.S. and major trading partners. Stocks turned positive after a report said President Donald Trump was considering a one-month delay of auto tariffs …

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NY Fed’s Perli says market liquidity levels remain abundant

6 Mar 2025

By Michael S. Derby NEW YORK (Reuters) – A Federal Reserve Bank of New York official who manages the implementation of monetary policy indicated Wednesday the central bank has room to further shrink its balance sheet, while noting government financial management issues will create challenges for the process over the short run. Market indicators “are …

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Google reports scale of complaints about AI deepfake terrorism content to Australian regulator

6 Mar 2025

By Byron Kaye SYDNEY (Reuters) -Google has informed Australian authorities it received more than 250 complaints globally over nearly a year that its artificial intelligence software was used to make deepfake terrorism material. The Alphabet-owned tech giant also said it had received dozens of user reports warning that its AI program, Gemini, was being used …

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El Salvador announces more bitcoin purchases, gives IMF assurances

6 Mar 2025

By Nelson Renteria and Rodrigo Campos SAN SALVADOR (Reuters) – El Salvador announced on Wednesday the purchase of a bitcoin, which takes the total in the country’s strategic reserve to above 6,102 coins, the National Bitcoin Office posted on social media. The bitcoin purchase announcement comes days after the International Monetary Fund board approved a …

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