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 Foo Yun Chee BRUSSELS (Reuters) – Apple is facing a likely antitrust fine as the French regulator prepares to rule next month on the company’s privacy control tool, two people with direct knowledge of the matter said. Called App Tracking Transparency (ATT), the feature allows iPhone users to decide which apps can track user…
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…
(Reuters) – Major brokerages including J.P.Morgan, Barclays and Goldman Sachs have forecast a 25-basis-point interest-rate cut by the U.S. Federal Reserve at its November 6-7 meeting. The central bank cut interest rates by an oversized 50 basis points at its Sept. 17-18 meeting. Fed Chair Jerome Powell said the reduction was meant to show policymakers’…
LAUSANNE, Switzerland (Reuters) – The International Olympic Committee has no concerns over working with Donald Trump and his incoming administration on the Los Angeles 2028 Summer Olympics given the President-elect’s continued support of those Games, IOC President Thomas Bach said on Thursday. The Los Angeles Olympics were awarded in 2017 when Trump was president following…
By Antoni Slodkowski, Liz Lee and Larissa Liao BEIJING (Reuters) – As Americans voted in one of the tightest presidential elections in decades, China braced for an outcome that – regardless of who wins – would spell four more years of bitter superpower rivalry over trade, technology and security issues. Strategists in Beijing said that…
By Seher Dareen (Reuters) – Higher labor costs and sticky inflation could continue to weigh on gold miners’ profits going into 2025, analysts said, but soaring prices of the yellow metal should still boost free cash flow. Gold prices rose nearly 27% in 2024, the most since 2010, and have jumped to all-time highs this…
(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…
By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, further slashing holdings in Apple and boosting cash to a record $325.2 billion. In its quarterly report on Saturday, Berkshire said it sold about 100 million, or 25%, of its Apple shares over the summer, ending with…
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…
