WASHINGTON (Reuters) -President Donald Trump meets with leaders from five African nations on Wednesday as the U.S. leader ramps up a trade war that threatens developing nations that depend on trade with the world’s largest economy. Trump is hosting leaders from Gabon, Guinea-Bissau, Liberia, Mauritania and Senegal for a discussion and lunch at the White…
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google said it failed this week to resolve disagreements with hotels, airlines and specialised search services such as Skyscanner over how it presents search results, putting it at risk of a hefty European Union antitrust fine. At a July 7-8 workshop organised by the European Commission, the U.S….
By Pratima Desai LONDON (Reuters) -U.S. President Donald Trump’s 50% tariff on copper has placed a record premium on prices of the metal in the United States that is likely to ease over the coming months as a stockpile created by traders anticipating the levy works through the system. The tariffs, which Commerce Secretary Howard…
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(Reuters) -Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on Monday after CEO Elon Musk’s plans to launch a new U.S. political party heightened concerns about his commitment to the company’s future. The company’s shares slumped 7.5% in early trading after Musk’s political move, which…
(Reuters) -Trump Media & Technology Group launched its TV streaming platform, Truth+, globally on Monday, featuring the cable channel Newsmax to support the company’s expansion. The move also allows conservative news outlet Newsmax, which went public in March, to increase its presence outside the United States. Trump Media said users can now access streaming channels…
By Matt Tracy and Shankar Ramakrishnan (Reuters) -When President Donald Trump’s 90-day pause on U.S. tariffs ends Wednesday, once-bitten-twice-shy bond investors could take on more risk by adding high-yield bonds to portfolios, rather than panic-sell credit as seen after April 2’s ‘Liberation Day’ tariff announcement, said many fund managers and bankers. Credit market shops as…
(Reuters) -When China restricted rare earth exports to Japan in 2010 during a diplomatic spat, a wild west domestic industry undermined Beijing with rampant smuggling. In a sharp shift that reflects how China has massively tightened control over the sector since then, when it imposed new restrictions in April this year, automakers worldwide faced shortages…
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