MILAN, July 21 (Reuters) – A Milan court has rejected a request for precautionary measures filed by Telecom Italia (TIM) against KKR-backed FiberCop over new tariffs for access to Italy’s main fixed-line telecoms network, grid owner FiberCop said. The dispute centres on the terms governing TIM’s acc
July 21 (Reuters) – British retailer Frasers said on Tuesday that it has raised its holdings in Hugo Boss to about 30.28%, crossing a key regulatory threshold in its takeover pursuit of the German fashion house. Here are some more details: • Frasers acquired a further 2.55 million Hugo Boss shares,
By Kalea Hall DETROIT, July 21 (Reuters) – General Motors continues to navigate a messy global operating environment – tariffs, rising energy costs and other inflationary pressures – by leaning on an eager American car buyer. GM raised its 2026 profit forecast Tuesday for the second time this year,
West African Leaders Sign $25 Billion Nigeria-Morocco Gas Pipeline Agreement By The Media Line Staff West African leaders signed the Intergovernmental Agreement for the $25 billion Nigeria-Morocco Atlantic Gas Pipeline during the Economic Community of West African States (ECOWAS) summit in Freetown,
WASHINGTON (AP) — A federal appeals court has rejected a request by Joe Biden to block the release of audio recordings and transcripts of his interviews with a memoir ghostwriter before he was elected president. A divided three-judge panel from the U.S. Court of Appeals for the District of Columbia
WASHINGTON, July 21 (Reuters) – U.S. Treasury Secretary Scott Bessent said on Tuesday that the 50% tariffs on a range of imports from Canada were “reciprocity” for trade actions by Ottawa on U.S. dairy, alcohol and beverages. U.S. President Donald Trump on Monday announced tariffs on nearly $20 bill
July 21 (Reuters) – Brokerage firm Charles Schwab posted a record second-quarter profit on Tuesday, driven by robust trading activity and increased asset management fees. The U.S.-Israeli war against Iran fueled volatility in the April-June quarter, forcing investors to recalibrate their portfolios
By Tim Hepher and David Shepardson FARNBOROUGH, England, July 21 (Reuters) – Boeing has asked the U.S. government to press the European Union for transparency over a €3 billion ($3.43 billion) loan package to Airbus, resurfacing potential trade tensions after the two sides extended a tariff truce ov
July 21(Reuters) – Auto parts distributor Genuine Parts lowered its full-year profit outlook on Tuesday, as rising costs and a tougher consumer environment weighed on its expectations. Geopolitical tensions in the Middle East have compounded challenges for the automotive sector by pushing up fuel pr
July 21 (Reuters) – MSCI raised its full-year operating expense forecast on Tuesday, citing acquisition-related costs, higher employee incentives and increased investment spending, sending the index provider’s shares down more than 7% despite better-than-expected quarterly results. The company said
By Marcela Ayres BRASILIA, July 21 (Reuters) – Brazil’s Pix, one of the world’s most successful instant-payment systems, has become a flashpoint between Brasília and Washington as the Trump administration aims to protect U.S. firms from the model’s growing appeal in dozens of countries. U.S. Trade R
By Laurie Chen BEIJING, July 21 (Reuters) – The United States and China are planning to hold talks over AI in September, five sources familiar with the matter told Reuters, as the superpowers confront how to regulate the risks posed by their increasingly powerful rival frontier models. The AI talks,
By Akash Sriram and Abhirup Roy July 21 (Reuters) – Tesla is expected to report its first quarterly cash burn in over two years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets will pay off. CEO Elon Musk has pivoted the electric-vehicle mak
July 21 (Reuters) – U.S. stock index futures rose on Tuesday as renewed mediation efforts in the Middle East lifted sentiment, while investors looked ahead to corporate earnings that could prove pivotal for the AI market as it navigates ongoing pressures. Markets were weighing mixed signals from the
FARNBOROUGH, July 21 (Reuters) – Emirates expects Boeing’s 777-9 aircraft to be delivered in the second quarter of next year, the airline’s President Tim Clark told journalists on Tuesday, as the delayed widebody jet moves closer to certification. “We should have had the planes in April 2020,” Clark
FRANKFURT, July 21 (Reuters) – Euro zone banks tightened access to credit in the second quarter over geopolitical instability fears, and they expect further tightening in the current quarter, the European Central Bank’s quarterly Bank Lending Survey showed on Tuesday. The survey, a key input in poli
By Makiko Yamazaki and Tamiyuki Kihara TOKYO, July 21 (Reuters) – JPMorgan and other U.S. banks are close to agreeing to provide some financing under Japan’s $550 billion U.S. investment pledge, according to two people familiar with talks between the lenders and the Japanese government. Such financi
July 21 (Reuters) – Nissan is recalling 168,149 vehicles in the U.S., as the Gross Axle Weight Rating (GAWR) listed on the certification label is incorrect, which can allow the vehicle to be overloaded, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday. The recall affects ce
By Jesús Aguado and Tommy Reggiori Wilkes MADRID/LONDON, July 21 (Reuters) – After a surge in revenue at U.S. banks, European lenders are expected to follow suit this week when they report second-quarter earnings, powered by gains from higher interest rates and in some cases from trading and investm
By Cassell Bryan-Low FARNBOROUGH, England, July 21 (Reuters) – As Russia deploys growing numbers of faster jet-propelled versions of its Shahed attack drone, some defence companies are racing to develop a new generation of faster interceptors. Among them is SkyFall, a major Ukrainian drone manufactu
A look at the day ahead in European and global markets from Ankur Banerjee Oil, not AI, is driving global markets as investors struggle with contrasting signals: hopes of mediation in the fast-spreading war in the Middle East against the backdrop of escalating U.S.-Iran attacks in the five-month-old
BEIJING (AP) — China’s leading technology companies showcased hundreds of cutting-edge products at the World AI Conference in Shanghai — from advanced robotics to artificial intelligence systems. The nation’s annual flagship AI event, which was held from July 17 to 20, took place against the backdro
By Ankur Banerjee SINGAPORE, July 21 (Reuters) – Asian stocks gained on Tuesday as mediation efforts in the Middle East pushed oil prices away from a one-month high, while investors braced for a slate of corporate earnings that will test an under pressure AI trade. Yemen’s Iran-aligned Houthis said
By Christine Chen SYDNEY, July 21 (Reuters) – KPMG Australia on Tuesday promoted a partner from within its own ranks to chief executive, two months after losing its leader to a scandal that erupted over the firm’s misuse of confidential client information. The accounting firm named John Sams, a part
By Jiaxing Li HONG KONG, July 21 (Reuters) – The U.S. dollar hovered near a one-week high on Tuesday, with markets torn between conflicting Middle East signals, as hostilities in the region stoked renewed fears over energy supplies while hopes for a ceasefire offered some relief. Against the yen, th
By Ishaan Arora July 21 (Reuters) – Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the U.S. and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen’s Houthis. Brent crude futures eased 35 cents
FARNBOROUGH, England, July 21 (Reuters) – Airbus is on track towards its full-year target of 870 deliveries after a 15% increase in the first half of the year as engine supplies stabilised, CEO Guillaume Faury told CNBC TV. “We have delivered 15% more aircraft in the first half of 2026 than we did i
By Lucy Craymer WELLINGTON, July 21 (Reuters) – New Zealand’s annual inflation accelerated in the second quarter, coming in at 4.1% – above analysts’ forecasts – and remained above the top end of the central bank’s target range, official data showed on Tuesday. The consumer price index (CPI) rose 1.
Rare Saudi-Israeli Media Contacts Re-emerge as Iran Strikes the Gulf Riyadh is keeping diplomatic options open while maintaining its demands on Palestinian statehood and its dialogue with Tehran By Giorgia Valente / The Media Line Two unusual media appearances involving Saudi Arabia and Israel have
WASHINGTON (AP) — President Donald Trump on Monday imposed 50% tariffs on most Canadian goods, declaring that Canada has unfairly discriminated against American autos, alcohol and dairy products. The move could unleash a new wave of economic chaos, with risks of higher inflation and further fraying
