By David Jeans and Echo Wang NEW YORK, July 24 (Reuters) – Defense tech firm Anduril is in discussions with investors for a new funding round that could see it valued at roughly $100 billion, rivaling companies such as Northrop Grumman and Lockheed Martin, two sources familiar with the matter told R
By Maggie Fick and Stine Jacobsen COPENHAGEN, July 24 (Reuters) – Novo Nordisk said on Friday it is seeking a preliminary U.S. court injunction to immediately block obesity and diabetes drug advertisements by Eli Lilly. Denmark’s Novo said on Tuesday it had sued Lilly, arguing consumers were being m
FRANKFURT, July 24 (Reuters) – Euro zone inflation expectations remained broadly unchanged over the past three months and price growth is seen falling quickly next year before returning back to the 2% target in 2028, a European Central Bank survey showed on Friday. Inflation, the ECB’s primary focus
By Alun John, Dhara Ranasinghe and Sophie Kiderlin LONDON, July 24 (Reuters) – Renewed hostilities in the Gulf have revived stagflation talk, dimming hopes the interim deal between the U.S. and Iran had come in time for the world economy to avoid elevated inflation alongside stagnant economic growth
By Mathieu Rosemain and Yantoultra Ngui PARIS, July 24 (Reuters) – Singaporean state investor Temasek is looking to increase its investments in defence as the war in Ukraine prompts European governments to boost military spending, a senior executive said. Defence will form part of Temasek’s broader
July 24 (Reuters) – The Trump administration on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the European Union and China, over allegations of lax enforcement of forced labor bans, just as a temporary 10% global tariff expired. Below are some initial react
BRUSSELS, July 24 (Reuters) – The European Commission gave a guarded welcome to new tariffs imposed by the United States on Friday, saying that the outcome was in line with a trade deal the two sides struck a year ago. The United States on Friday imposed new tariffs of 10% and 12.5% on goods from 60
BANGKOK (AP) — Shares skidded Friday in Asia after Brent crude shot to its highest price since May as heavy fighting in the Middle East again threatened to slow the global flow of oil and gas. U.S. futures were little changed after tumbles for two of Wall Street’s most influential companies, Alphabe
PARIS, July 24 (Reuters) – Tariffs imposed on trading partners from the administration of U.S. President Donald Trump add more uncertainty to the world economy, said the Bank of France governor Emmanuel Moulin on Friday. The Trump administration on Friday imposed new tariffs of 10% and 12.5% on good
By Emily Green and David Lawder MEXICO CITY, July 23 (Reuters) – U.S. and Mexican officials will convene for a fourth round of negotiations to renew the North American trade pact in early September, Mexico’s economy ministry said on Thursday, following talks this week aimed at narrowing differences
By Rae Wee SINGAPORE, July 24 (Reuters) – The dollar rode U.S. Treasury yields higher on Friday and hovered near a 40-year peak against the yen, as a spike in oil prices and a renewed global trade war raised the stakes for inflation. Sterling languished around a three-week low and bought $1.3313 in
TOKYO, July 24 (Reuters) – Japanese companies are passing on rising costs from the Middle East conflict at a faster pace than in 2022, when the war in Ukraine pushed up fuel costs, the government said in an annual white paper released on Friday. Corporate and household inflation expectations are als
BRASILIA, July 23 (Reuters) – About 2,000 products exported by Brazil to the United States will be exempt from the new tariffs announced by the Donald Trump administration in recent days, including coffee and orange juice, Brazil’s Trade and Industry Minister Marcio Elias Rosa said on Thursday. • Br
July 24 (Reuters) – Australian stock exchange operator ASX Ltd said on Friday that CFO Andrew Tobin intends to retire. The announcement comes two months after the bourse operator appointed Euronext executive Anthony Attia as its top boss following the abrupt resignation of long-time CEO Helen Loftho
By Leika Kihara TOKYO, July 24 (Reuters) – Japan’s core consumer prices rose 1.6% in June from a year earlier, staying below the central bank’s 2% target for a fifth straight month as fuel subsidies offset rising raw material costs stemming from the Middle East conflict. The rise in the core consume
By Enes Tunagur and Shadia Nasralla LONDON, July 24 (Reuters) – With two of its key oil export routes – the Hormuz and Bab el- Mandeb straits – disrupted by Iran and Iran-allied Houthi militants, Saudi Arabia has to resort to exporting oil via Egypt’s Suez Canal. While the kingdom has previously use
Trump imposes double-digit tariffs on dozens of countries as his 10% levies are set to expire Friday WASHINGTON (AP) — President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock runs out Friday on stopgap levies he imposed after a stingin
MEXICO CITY, July 23 (Reuters) – Mexico’s Economy Minister Marcelo Ebrard said on Thursday that the country will “see no change in the effective tariff that Mexico pays,” after the U.S. government announced it would impose new tariffs of 10% and 12.5% on 60 trading partners as of Friday. According t
By Leika Kihara TOKYO, July 24 (Reuters) – The U.S. Treasury Department said yen weakness has persisted despite the narrowing of U.S.-Japan interest rate differentials, warning excess volatility in the currency was undesirable. The Treasury also called for further interest rate hikes by the Bank of
BRASILIA/SAO PAULO, July 23 (Reuters) – The Brazilian government on Thursday rejected the tariffs imposed by the United States on the South American nation and another 59 trading partners related to forced labor, calling the move “arbitrary” and “unjustified.” “Lacking a legal basis under domestic l
NEW YORK (AP) — Criticized by a federal judge for sloppy legal work, the government on Thursday grudgingly withdrew subpoenas that would have compelled three New York Times reporters to testify about their sources for articles about President Donald Trump’s Qatari-gifted Air Force One jet. The withd
By Jamie McGeever ORLANDO, Florida, July 23 (Reuters) – European and U.S. stocks slumped while bond yields shot higher on Thursday, with global markets rocked by oil’s surge above $100 a barrel and earnings reports from two U.S. “Big Tech” companies that showed they are burning through cash at an al
Ford and Chinese automotive company Geely Auto announced plans on Thursday to jointly manufacture low- and zero-emission vehicles at Ford’s Valencia, Spain factory. The partnership is a bid to reignite Ford’s offerings for the European auto market as the legacy carmaker seeks to compete with the lik
By Divya Rajagopal and Varun Sahay July 23 (Reuters) – Newmont, the world’s biggest gold miner, beat second-quarter profit estimates on Thursday after a rally in bullion prices outweighed the impact of lower output, while it forecast steady production in the third quarter. Gold has rallied on safe-h
WASHINGTON (AP) — Senate Democrats want a watchdog at the Internal Revenue Service to investigate the recent departure of a high-ranking IRS attorney who clashed with President Donald Trump’s White House after the attorney raised concerns about influence over taxpayer audits. Kenneth Kies, an assist
July 23 (Reuters) – No major U.S. trading partner manipulated its currency to gain an unfair trade advantage in 2025, the U.S. Treasury Department said on Thursday, but 10 leading trading partners remain on a list for enhanced monitoring of their foreign exchange practices. In its latest semi-annual
By Marianna Parraga and Deisy Buitrago CARACAS, July 23 (Reuters) – Venezuela’s oil ministry has told partners of state energy company PDVSA that it will maintain the July 28 deadline it had set to migrate oil and gas contracts to a new legal framework approved in January, rushing executives to comp
NEW YORK (AP) — Already feeling pinched since the start of the Iran war, consumers are likely to feel more pain ahead as oil prices pushed past $100 a barrel Thursday amid renewed fighting and military strikes that have left global oil supplies stranded in the Middle East. The elevated price marked
By Laila Kearney NEW YORK, July 23 (Reuters) – U.S. energy officials pushed for more independence and transparency in PJM Interconnection on Thursday as regulators weigh reforms to the country’s largest power grid, which faces the growing risk of blackouts as data center demand soars while few new e
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers at a time when rising oil prices are already squeezing household budgets. The benchmark 30-year fixed rate mortgage rate rose to 6.58% from 6.55%
