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Fitch downgrades Southwest Airlines outlook to negative

3 Apr 2025

(Reuters) – Fitch Ratings on Thursday downgraded Southwest Airlines to a “negative” outlook from its earlier “stable” rating, citing the carrier’s possible shift to a less conservative capital allocation and financial policy. The credit rating agency adds that Southwest’s lack of progress towards margin improvement and higher capital deployment may drive a negative rating action. …

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Hunt’s tomato maker Conagra may hike prices to offset tariffs, CEO says

3 Apr 2025

By Jessica DiNapoli and Ananya Mariam Rajesh NEW YORK (Reuters) – Chef Boyardee maker Conagra Brands may have to hike prices to offset the cost of tariffs on ingredients like cocoa, olive oil, palm oil and a type of steel used for its canned food products, CEO Sean Connolly said on Thursday. The possible hikes …

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US plans to develop AI projects on Energy Department lands

3 Apr 2025

By Timothy Gardner WASHINGTON (Reuters) – The administration of President Donald Trump said on Thursday it has identified 16 potential sites on U.S. Department of Energy lands where data centers and power plants supporting the boom in artificial intelligence can be developed. WHY IT’S IMPORTANT Rapid growth in AI is leading to the first boom …

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Brazil gunmaker Taurus sees US plant as key to minimizing tariff hit

3 Apr 2025

By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Brazilian gunmaker Taurus Armas expects its production line in the United States to help it minimize the impact of tariffs imposed on Wednesday by U.S. President Donald Trump, its chief executive Salesio Nuhs told Reuters. Taurus is one of the world’s largest gun manufacturers and mainly produces …

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WTO says tariffs could bring contraction of 1% in global merchandise trade volumes

3 Apr 2025

(Reuters) – The Director-General of the World Trade Organization said new tariffs announced by the U.S. along with those introduced at the start of the year could lead to a contraction of around 1% in global merchandise trade volumes in 2025. “I’m deeply concerned about this decline and the potential for escalation into a tariff …

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AI video maker Runway raises $308 million in General Atlantic-led funding round

3 Apr 2025

(Reuters) -AI video startup Runway said on Thursday it had raised $308 million in a new funding round, led by private equity firm General Atlantic, to expand its new media ecosystem. The latest funding round valued the New York-based company at over $3 billion, according to people familiar with the matter, but Runway declined to …

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Trump TikTok decision to come before deadline, US vice president says

3 Apr 2025

WASHINGTON (Reuters) -The Trump administration’s decision on an American buyer for the short-video social media site TikTok will come before a weekend deadline, Vice President JD Vance said on Thursday. Bidders for TikTok are piling up as Saturday’s deadline approaches for TikTok to secure non-Chinese ownership under threat of being banned from the United States. …

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Volkswagen to introduce ‘import fee’ on tariff-hit cars, WSJ reports

3 Apr 2025

(Reuters) – Volkswagen will introduce an “import fee” on vehicles affected by 25% tariffs imposed by U.S. President Donald Trump, the Wall Street Journal reported on Wednesday. The German automaker has temporarily halted rail shipments of vehicles from Mexico and will hold at port cars arriving by ship from Europe, the report said, citing a …

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Trump’s highest tariff will kill tiny African kingdom of Lesotho, economist says

3 Apr 2025

By Marafaele Mohloboli MASERU (Reuters) – A 50% reciprocal trade tariff on Lesotho, the highest levy on U.S. President Donald Trump’s long list of target economies, will kill the tiny Southern African kingdom that Trump ridiculed last month, an economic analyst there said on Thursday. Lesotho, which Trump described in March as a country “nobody …

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