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US court blocks most Trump tariffs, says president exceeded his authority

29 May 2025

By Dietrich Knauth and Daniel Wiessner NEW YORK (Reuters) -A U.S. trade court blocked most of President Donald Trump’s tariffs in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners. The Court of International Trade said the U.S. Constitution gives Congress exclusive …

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JetBlue, United tie up to let passengers book on both websites

29 May 2025

By David Shepardson (Reuters) -JetBlue Airways and United Airlines unveiled on Thursday plans for a consumer collaboration that allows travelers to book flights on both carriers’ websites, while interchangeably earning and using points in their frequent flyer programs. Under the deal, dubbed “Blue Sky”, which is subject to approval from U.S. regulators, JetBlue will provide …

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Factbox-What else can Trump do on global tariffs after US court ruling?

29 May 2025

LONDON (Reuters) -A U.S. trade court blocked most of President Donald Trump’s tariffs in a sweeping ruling on Wednesday that found the president had overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners. Below is some detail on the ruling and a digest of other laws Trump could deploy to pursue …

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Morning Bid: Trump tariffs thwarted

29 May 2025

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets World markets and the U.S. dollar have surged this morning after a shock U.S. court ruling overnight that said the bulk of President Donald Trump’s sweeping import tariff hikes were outside his …

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Trump administration cancels Sunnova’s $2.92 billion government loan guarantee

29 May 2025

By Timothy Gardner and Nichola Groom WASHINGTON (Reuters) -President Donald Trump’s administration has canceled a partial loan guarantee of $2.92 billion that had been awarded to residential solar panel installer Sunnova Energy, the company said on Wednesday. A source familiar with the matter said the Department of Energy had “de-obligated” the loan guarantee, meaning the …

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Google begins direct online sales of Pixel phones in India

29 May 2025

(Reuters) -Google on Thursday began direct online sales of its popular hardware devices in India, including Pixel phones, watches and earbuds, ahead of an anticipated launch of its first physical stores in the South Asian nation. The Alphabet-owned firm said it has for the first time enabled direct online purchases for Indian users on the …

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South Korea May exports expected to fall as US tariffs offset robust chip demand

29 May 2025

By Jihoon Lee SEOUL (Reuters) – South Korea’s exports are expected to have fallen in May for the first time in four months, as the impact of U.S. President Donald Trump’s tariffs offset strong demand for semiconductors, a Reuters poll showed on Thursday. Exports out of Asia’s fourth-largest economy are forecast to have fallen 2.7% …

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NZ’s dairy firm Fonterra raises annual profit forecast, shares rise

29 May 2025

By Rishav Chatterjee and Kumar Tanishk (Reuters) – New Zealand’s Fonterra raised the lower end of its annual earnings forecast on Thursday, after reporting higher third-quarter profit, helped by strength in the dairy giant’s ingredients channel and consumer operations business. The company’s shares rose 0.9% to NZ$4.6 and are headed for their best intraday session …

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Boeing aims to certify 737 MAX variants by year-end, CEO tells Aviation Week

29 May 2025

SEATTLE (Reuters) -Boeing expects to finish certification of its best-selling 737 MAX family by the end of the year, CEO Kelly Ortberg said in an interview with trade publication Aviation Week published on Wednesday.  The company has been trying for several years to gain certification for the smallest and largest MAX variants from the U.S. …

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Paramount has offered $15 million to settle CBS lawsuit, WSJ reports

29 May 2025

(Reuters) -A month into negotiations, Paramount Global has offered $15 million to settle U.S. President Donald Trump’s lawsuit against CBS News, but the parties remain far apart on terms, the Wall Street Journal reported on Wednesday, citing people familiar with the situation. Trump’s team wants more than $25 million and is also seeking an apology …

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