Dutch government takes control of Chinese chip manufacturer
The Dutch government has taken control of a Chinese-owned chip manufacturing company based in the Netherlands.
US economic growth revised upwards
The US economy grew faster than analysts had predicted, boosted by strong consumer spending and a drop in imports.
MSC reportedly considering takeover of EasyJet
EasyJet shares surged after reports that shipping giant MSC is considering a potential takeover of the low-cost airline.
According to Italian newspaper Corriere Della Sera,...
Volkswagen close to sealing deal with the United States to reduce tariffs
Volkswagen is reportedly on the verge of finalising a deal with the United States, as tariffs imposed by the Trump administration continue to weigh heavily on the German carmaker’s business.
Switzerland and the United States agree not to manipulate exchange rates
Switzerland and the United States have agreed not to manipulate their respective exchange rates, ensuring that the European country does not artificially strengthen the franc.
EU pledges to shield Spain from Trump’s tariff threats
Donald Trump has threatened to impose tariffs on Spain after the country refused to spend 5% of its GDP on NATO.
Ursula von der Leyen calls for suspension of EU free trade deal with Israel
European Commission president Ursula von der Leyen has called for the suspension of the EU’s free trade agreement with Israel, while acknowledging Europe’s inability to halt the worsening humanitarian crisis in Gaza.
Donald Tusk urges banks to accept higher taxes to fund the military
Polish Prime Minister Donald Tusk has called on banks to accept higher corporate taxes in order to drastically increase the country’s defence budget.
India disputes Trump’s claim on Russian oil purchases
A senior Indian official has said that Donald Trump’s statement regarding India ending its purchase of Russian oil is inaccurate.
Trump’s tariffs: Inflation rises in the United States in August
Inflation in the United States surged in August as companies passed on the customs duties imposed by the Donald Trump administration to the prices of goods and services.
OpenAI hits $500 billion valuation
OpenAI has finalised a deal that now values the company at $500 billion, overtaking SpaceX.
EU aims to dismantle Russia’s shadow fleet
The European Union is seeking greater powers that would allow it to board vessels belonging to Russia’s so-called shadow fleet.
France’s credit rating downgraded amid political crisis
Fitch Ratings downgraded France’s credit rating on Friday, as French president Emmanuel Macron appointed a new prime minister amid ongoing political and economic turmoil.
EU to halve steel import quotas
The European Union will introduce measures that will cut steel import quotas by almost half, Commissioner for Prosperity and Industrial Strategy Stéphane Séjourné announced.
Chinese economy slows amid Trump’s tariffs
China’s economy slowed last month due to the impact of the trade war imposed on Beijing by US president Donald Trump, as both household spending and production declined during this period.