Bernard Arnault warns new wealth tax in France could wreck the economy
Bernard Arnault, Europe’s richest man and chief executive of luxury group LVMH, has warned that a new wealth tax would cost him more than €1 billion in France.
Denmark to spend $8.7 billion on F-35 jets and Arctic security
Denmark is set to spend $8.7 billion to acquire 16 F-35 fighter jets, while also deploying military equipment to Greenland.
Amazon to close UK supermarkets
Amazon is set to close its 19 supermarkets in the UK, five years after launching its checkout-free grocery stores in London.
China threatens US with tariffs in retaliation for Trump’s warnings
China has warned that it will retaliate if Donald Trump goes ahead with his plan to impose 100% tariffs on Chinese imports, raising the prospect of a renewed trade war.
Russian oil exports slump as Ukraine steps up refinery attacks
Russian oil exports have fallen as Ukraine intensifies drone strikes on refineries, while Moscow continues to channel energy revenues into funding its war effort.
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.