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BERLIN (Reuters) -Italy is planning to buy hundreds of tanks from Rheinmetall in what would be the German defence group’s biggest ever order, valued at around 20 billion euros ($21.50 billion), the Handelsblatt business daily reported on Wednesday, citing industry sources. According to the plan, the Italian government would buy at least 350 Lynx armoured …

Italy plans 20 billion euro tank order from Germany’s Rheinmetall, reports Handelsblatt Read More »

(Reuters) -The European Union is drawing up plans to impose customs duties on cheap goods bought from Chinese online retailers including Temu, Shein, and AliExpress, the Financial Times reported on Wednesday, citing three people briefed on the matter. The European Commission later this month will suggest scrapping a current 150 euros ($161) threshold under which …

EU takes aim at China’s Temu and Shein with proposed import duty, FT reports Read More »

By Gary McWilliams and Marianna Parraga HOUSTON (Reuters) -Oil refiner CVR Energy, controlled by billionaire investor Carl Icahn, has submitted a binding offer in an ongoing auction of shares in the parent of Venezuela-owned Citgo Petroleum, according to three people familiar with the matter. Icahn controls about 66% of shares in CVR, based in Sugar …

Exclusive-Icahn-owned oil refiner CVR bidding in Citgo share auction, sources say Read More »

(Reuters) -Apple will get an observer role on OpenAI’s board as part of a landmark AI agreement announced last month, Bloomberg News reported on Tuesday. Phil Schiller, the head of Apple’s App Store and its former marketing chief, was chosen for the position, the report said. The board arrangement will take effect later this year, …

Apple poised to get OpenAI board observer role as part of AI pact, Bloomberg News reports Read More »

By Sabrina Valle HOUSTON (Reuters) – The final member has been chosen for a three-person arbitration panel meant to settle Exxon Mobil’s claim against Chevron’s $53 billion purchase of Hess Corp, two people familiar with the matter told Reuters. The panel’s formation would be a milestone in a long-delayed process that has cast uncertainty over …

Exxon-Hess arbitration panel nears formation, sources say Read More »

By Nathan Gomes (Reuters) -Top U.S. automakers posted slower sales growth for the second quarter as a cyberattack at software systems provider CDK hit operations at several dealerships during the crucial selling period of late June. General Motors reported a 0.6% rise in new-vehicle sales, compared with a jump of 19% last year, and said …

US new-vehicle sales growth slows after CDK cyberattack Read More »

(Reuters) -Walmart has held talks with potential buyers to sell its already shuttered medical clinics, Fortune reported on Tuesday, citing multiple sources familiar with the matter. In April, Walmart decided to close all 51 of its health clinics and shut its virtual healthcare operations, saying it could not see them as a sustainable business model …

Walmart has held talks to sell its shuttered medical clinics, Fortune reports Read More »

By Ankika Biswas, Lisa Pauline Mattackal and Saeed Azhar (Reuters) -Wall Street’s main stock indexes closed higher on Tuesday, boosted by gains in Tesla and megacap growth stocks, but volumes were thin ahead of the July Fourth holiday and the closely watched release of June nonfarm payrolls on Friday. The U.S. job openings and labor …

Wall Street indexes end higher, helped by Tesla, megacap growth stocks Read More »

By Jonathan Stempel (Reuters) – The former senior Apple lawyer who avoided prison time after pleading guilty to insider trading must pay a $1.15 million fine in a related U.S. Securities and Exchange Commission civil case, a federal judge ruled on Tuesday. U.S. District Judge William Martini in Newark, New Jersey, said that while Gene …

Apple ex-lawyer ordered to pay $1.15 million SEC fine for insider trading Read More »

DUBLIN (Reuters) – Ryanair flew a record 19.3 million passengers in June, up 11% from a year earlier, the low-cost airline said on Tuesday. Europe’s largest airline by passenger numbers expects to fly a record 198 million to 200 million people for its financial year to end-March 2025, up 8% to 9% on the previous …

Ryanair traffic rises 11% to record high in June Read More »