LONDON (Reuters) – U.S. President Donald Trump’s pledge to impose a universal 10% tariff on imports and 60% on Chinese goods is likely only a starting point for negotiations, ratings agency S&P Global said in a note on Thursday. Tariffs are unlikely to be imposed at those levels, but were Trump to follow though, the…
By Alex Lawler, Ahmad Ghaddar and Yousef Saba LONDON (Reuters) – OPEC+ at its Dec. 5 meeting made further changes to its oil production policy, by delaying a planned increase in output further into next year as it faces a weaker oil demand outlook. The oil producer group on Thursday pushed back the start of…
LONDON (Reuters) – The price of copper in the United States rocketed on Monday after U.S. President Donald Trump pushed forward his plans to slap tariffs on industrial metals. The premium of U.S. Comex copper futures over those traded on the London Metal Exchange surged to a record of $920 per metric ton by 1820…
(Reuters) – NATO-member defense spending may come back into focus as former U.S. President Donald Trump returns to office. Republican Trump, 78, was elected president on Wednesday, defeating Democratic candidate Kamala Harris. He previously served as U.S. president from 2017 to 2021. In congratulating Trump on his election, NATO Secretary General Mark Rutte said that…
BERLIN (Reuters) – Europe is prepared to act in response to possible restrictions to trade, German Economy Minister Robert Habeck said on Monday, after holding discussions with industry lobbies and the EU’s top trade representative about the threat of tariffs from the U.S. “Europe must and can only react unitedly and decisively to unilateral trade…
By Nidal al-Mughrabi CAIRO (Reuters) -Israeli forces stepped up bombardment across the Gaza Strip on Thursday and ordered more evacuations, creating a fresh wave of displacement from northern Gaza, to which Palestinians fear they will not be able to return. Palestinian health officials said at least 10 people had been killed and several others wounded…
(Reuters) – Cummins Inc beat third-quarter profit estimates on Tuesday, due to robust demand for its power generation products from data centers, sending the shares of the company up more than 4% in pre-market trading. Rising demand from the technology industry’s energy-hungry AI data centers has bolstered the results of power solution providers in recent…
By America Hernandez PARIS (Reuters) – French oil major TotalEnergies does not anticipate that Donald Trump would pull the U.S. out of the Paris Agreement on climate change or undo Inflation Reduction Act (IRA) legislation if he became U.S. president again, the company’s strategy director said on Monday. Aurelien Hamelle made the comments while presenting…
By Chris Kirkham and Abhirup Roy (Reuters) – Elon Musk told investors in late January that Tesla would roll out “autonomous ride-hailing for money” by June in Austin, Texas — a state where the company faces almost no regulation, raising questions about how much safety and legal risk Tesla is willing to take on as…
PARIS (Reuters) – French President Emmanuel Macron on Monday announced investment pledges to bolster France’s artificial intelligence sector totalling 109 billion euros ($112 billion)over the coming years. The financing, unveiled during the Paris AI summit, includes plans by Canadian investment firm Brookfield to invest 20 billion euros in AI projects in France and financing from…
