TURIN, Italy (Reuters) -Stellantis will buy credits from a “pool” led by Tesla also in 2025, to meet European Union’s CO2 reduction requirements, despite Brussels giving carmakers three years to comply, the group’s Europe head said on Saturday. Carmakers facing tougher EU emissions rules this year agreed to pool their emissions and avoid hefty fines…
(Reuters) – U.S. President Donald Trump is urging senior advisers to take a more aggressive stance on tariffs as the administration prepares for a major escalation in its global trade war, the Washington Post reported on Saturday, citing four people familiar with the matter. Despite calls from allies on Wall Street and Capitol Hill to…
(Reuters) – A U.S. appeals court on Friday ruled that Elon Musk and members of the cost-focused Department of Government Efficiency that he spearheads can make further cuts to the U.S. Agency for International Development while they appeal a lower court order that had barred them from doing so. A three-judge panel of the Virginia-based…
By Manoj Kumar NEW DELHI (Reuters) -Indian and U.S. officials discussed trade issues including the reduction of tariffs and easing of non-tariff barriers, making progress towards a bilateral trade agreement during several days of talks in New Delhi, they said on Saturday. The negotiations, led by officials from India’s commerce ministry and a U.S. trade…
WASHINGTON (Reuters) -Billionaire Elon Musk, who serves as a top adviser to President Donald Trump, will visit the Central Intelligence Agency on Monday to discuss government efficiency with director John Ratcliffe, a spokesperson said on Friday. The CIA has fired a slew of recent hires amid the Trump administration’s massive federal workforce reductions, which are…
(Reuters) – Proxy adviser Glass Lewis recommended investors cast advisory votes “against” the pay of top Goldman Sachs executives, citing the Wall Street bank’s “continued inability to align pay with performance” and retention grants that Glass Lewis called excessive. In a report sent late on Friday Glass Lewis noted the combined $160 million in retention…
ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump said on Friday that he was open to carving out deals with countries seeking to avoid U.S. tariffs but those agreements would have to be negotiated after his administration announces reciprocal tariffs on April 2. Speaking to reporters aboard Air Force One, Trump also said…
By Echo Wang, Krystal Hu, Niket Nishant and Manya Saini (Reuters) -CoreWeave’s shares opened nearly 3% below their offer price in its Nasdaq debut on Friday, giving the Nvidia-backed AI infrastructure firm a valuation of $22.7 billion on a fully diluted basis. The weak performance could crush hopes of a meaningful recovery in IPOs, especially…
By Manya Saini (Reuters) -PayPal’s shares fell 5% on Friday after comments from a European Union lawmaker raised concerns that payments firms could get swept up in escalating trade tensions and potential tariffs between the U.S. and Europe. Uncertainty over tariffs and mounting trade actions have unsettled global markets, causing volatility, straining supply chains and…
By Milana Vinn, Dan Catchpole and Mike Stone (Reuters) – Several private equity firms and at least one aerospace supplier are among the remaining bidders competing to buy Boeing’s Jeppesen navigation unit for more than $8 billion, according to people familiar with the matter. Boeing is expected to invite bids for Jeppesen from the suitors…
