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.
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.
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.
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.
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.
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 plans retaliatory steel tariffs to match Trump’s
The EU has announced plans to impose matching tariffs on steel imports in response to those introduced by Donald Trump, a move that threatens to hit the UK steel industry hard.
Bitcoin reaches new milestone
Bitcoin has hit a new record high, surpassing the $125,000 mark for the first time in its history.
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.
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,...
Amazon confirms 14,000 job cuts
Amazon confirmed on Tuesday that it will cut 14,000 jobs as the US tech giant seeks to streamline its bureaucracy and replace parts of its workforce with artificial intelligence.
OpenAI hits $500 billion valuation
OpenAI has finalised a deal that now values the company at $500 billion, overtaking SpaceX.
EU urges Belgium to allow use of frozen Russian assets
The European Union is pressuring Belgium to allow the use of frozen Russian assets as a form of "reparation loan" for Ukraine.
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.
Nvidia becomes first company to reach $5 tn valuation
Nvidia has become the first company in the world to reach a market valuation of $5 trillion, just three months after crossing the $4 trillion mark.