By Nqobile Dludla JOHANNESBURG (Reuters) -South Africa will seek a meeting with U.S. authorities on auto tariffs, Trade Minister Parks Tau said on Tuesday, noting the levies are a concern as the country has preferential trade status with the United States. South Africa, whose exports of vehicles and parts into the United States is estimated …
South Africa plans US meeting on looming auto tariffs Read More »
By Jonathan Stempel NEW YORK (Reuters) – Estee Lauder must face a lawsuit accusing the cosmetic giant of defrauding shareholders by concealing its overdependence on improper gray-market sales in China, a federal judge in Manhattan ruled on Monday. U.S. District Judge Arun Subramanian said shareholders identified “several misleading omissions” and “half-truths” in Estee disclosures, related …
Estee Lauder faces US legal challenge over China sales practices Read More »
By Steven Scheer JERUSALEM (Reuters) -Israel has cancelled its remaining tariffs on imports from the United States, officials said on Tuesday, a day before the Trump administration hits global trading partners with reciprocal levies. The move still needs a final signature from Economy Minister Nir Barkat and parliament’s finance committee – both expected – but …
Israel eliminates remaining tariffs on US goods ahead of Trump move Read More »
By David Shepardson WASHINGTON (Reuters) – Boeing CEO Kelly Ortberg will tell lawmakers on Wednesday the U.S. planemaker made “serious missteps” in recent years but has since made “sweeping changes” after a January 2024 mid-air emergency involving a new 737 MAX. “Boeing has made serious missteps in recent years – and it is unacceptable. In …
Boeing made ‘serious missteps’ but is changing culture, CEO will testify Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. manufacturing contracted in March after growing for two straight months, while a measure of inflation at the factory gate jumped to the highest level in nearly three years amid rising anxiety over tariffs on imported goods. Anecdotes from the Institute for Supply Management survey on Tuesday offered a gloomy …
Tariff woes depress US manufacturing, erode labor demand Read More »
FRANKFURT (Reuters) – If a company can survive the upheaval caused by the adoption of artificial intelligence, AI will help it thrive in the longer run, a study presented at a European Central Bank conference has found. Its authors, who used data from the U.S. Census Bureau and surveys covering the period between 2017 and …
If AI doesn’t kill your company, it will make it stronger, study shows Read More »
BERLIN (Reuters) -Continental AG expects production of light vehicles in North America to fall by around 7% in the first quarter, the German auto supplier said on Tuesday, citing “economic uncertainty” ahead of looming tariffs on the sector. In the group’s automotive division, the adjusted margin on earnings before interest and tax is expected to …
Continental says North America light vehicle output down over ‘economic uncertainty’ Read More »
By Emma Farge and Olivia Le Poidevin GENEVA(Reuters) -From its sleek headquarters on the shores of Lake Geneva, the World Trade Organization hopes to quietly ride out the after-shocks of Trump administration tariffs whose protectionist intent runs in the face of its free-trade mandate. For three decades the WTO has worked to maintain a rules-based …
Buffeted by Trump, WTO hunkers down to plot future Read More »
By David Morgan WASHINGTON (Reuters) -U.S. Senate Republicans will ask their chamber’s nonpartisan referee this week to weigh in on a controversial plan to make President Donald Trump’s expiring 2017 tax cuts permanent, which critics say could lead to trillions of dollars in additional debt. It is not clear whether the Senate parliamentarian will go along …
US Senate Republicans to seek referee’s opinion on Trump tax plan Read More »
By Curtis Williams HOUSTON (Reuters) – The U.S. exported a record amount of liquefied natural gas (LNG) in March, selling more than 9 million metric tons (MT) of the superchilled gas, according to preliminary data from LSEG. The U.S. is already the world’s largest exporter of LNG and President Donald Trump has promised to unleash …
US LNG exports soar in March on ramp up of Plaquemines plant Read More »
