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Factbox-What’s in Trump’s move to ease US automotive tariffs

WASHINGTON (Reuters) -U.S. President Donald Trump on Tuesday approved additional relief for domestic automakers from his 25% vehicle and auto parts tariffs set in motion less than a month ago, saying it would help the industry to move more production back to the U.S. Trump’s ...
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Starbucks to beef up store staffing, go slow on automation rollout

By Waylon Cunningham (Reuters) -Starbucks will invest more in staffing and less on equipment, including an automation system that it previously touted, CEO Brian Niccol said on Tuesday, breaking with a wider industry trend to rely more on technology for store operations. Niccol said additional staffing ...
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Starbucks says turnaround is on track, but quarterly earnings and sales fall short

Starbucks’ sales are on the upswing again, with the company reporting its first quarterly sales increase in more than a year in the January-March period. But the coffee giant said Tuesday that its turnaround effort is far from complete, and its fiscal second quarter also ...
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Vietnam marks 50 years since war’s end and focuses on reconciliation during a period of new tensions

HO CHI MINH CITY, Vietnam (AP) — Vietnam on Wednesday marked the 50th anniversary of the end of the war with the United States and the formation of the modern nation through the merger of North and South Vietnam. Thousands had flocked to Ho Chi ...
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Australia’s Westpac flags $89.4 million hedging hit to half-year profit

(Reuters) -Australia’s Westpac Banking Corp said on Wednesday net profit after tax for the first half of 2025 would be reduced by A$140 million ($89.35 million) due to hedging. The bank reported a first-half net profit of A$3.34 billion ($2.13 billion) in 2024. Westpac will ...
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Paramount board to settle Trump’s ’60 minutes’ lawsuit, NYT reports

(Reuters) -The board of Paramount, the parent company of CBS News, outlined acceptable financial terms for a potential settlement with U.S. President Donald Trump on his “60 Minutes” lawsuit, The New York Times reported on Tuesday, citing three people with knowledge of the internal ...
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Petrobras posts slight drop in first-quarter oil and gas output

RIO DE JANEIRO/SAO PAULO (Reuters) -Brazilian state-run oil firm Petrobras reported on Tuesday oil, gas and gas liquids production of 2.77 million barrels of oil equivalent per day (boed) in the first quarter, down 0.2% from a year earlier. Petrobras’ oil production in Brazil ...
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Prosecutors seek 20-year prison term for founder of failed crypto platform Celsius Network

NEW YORK (AP) — The founder and former CEO of the failed cryptocurrency lending platform Celsius Network should face 20 years behind bars for lying and self-dealing that cost customers billions of dollars in losses, prosecutors told a judge Tuesday. Alexander Mashinsky, 59, told thousands ...
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UK business morale drops as concerns over tariffs, economy mount

LONDON (Reuters) -British business sentiment fell to its lowest level in three months and employers were concerned about implications of U.S. tariffs and the wider economy as they grapple with higher employment costs, two industry surveys showed on Wednesday. The Lloyds Bank Business Barometer measure ...
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Grab Holdings beats quarterly revenue estimates

(Reuters) -Grab Holdings beat Wall Street expectations for first-quarter revenue on Tuesday, as the company benefits from strong spending on its ride-hailing and food delivery platform despite strong competition. The company reported revenue of $773 million in the first quarter, compared with estimates of ...
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Codelco chairman says April copper output up, sees strong US and China demand

By Fabian Cambero and Daina Beth Solomon SANTIAGO (Reuters) -Copper output from Chile’s state-run Codelco rose 22% in April compared to the same period a year before, with an expected output of 105,000 metric tons, Chairman Maximo Pacheco said on Tuesday. The world’s largest copper ...
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Australian supermarket operator Coles’ third-quarter revenue rises 3.4%

(Reuters) – Australia’s Coles Group reported a 3.4% rise in third-quarter revenue on Wednesday, driven by strong performance at its supermarkets division as price-conscious consumers took stock of value campaigns and promotions to shop cheaper. The country’s second-largest grocer posted total ...
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