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USTR says China ‘deferred’ when US reached out for phone call after export controls expansion

WASHINGTON (Reuters) -Trade Representative Jamison Greer said on Sunday that the U.S. reached out to China for a phone call following an announcement that it was expanding its rare earths export controls but Beijing deferred, while China accused the U.S. of what it called ...
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Trump says inflation is ‘defeated’ and the Fed has cut rates, yet prices remain too high for many

WASHINGTON (AP) — Inflation has risen in three of the last four months and is slightly higher than it was a year ago, when it helped sink then-Vice President Kamala Harris’ presidential campaign. Yet you wouldn’t know it from listening to President Donald Trump ...
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California oil workers face an uncertain future in the state’s energy transition

SACRAMENTO, Calif. (AP) — Thirty years ago, Willie Cruz was shocked when he learned the Southern California oil refinery where he worked was shutting down. Cruz, now a 61-year-old living in Arizona, had spent five years working in the environmental department when Powerine Oil Company ...
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Banquets and billions: How AstraZeneca sealed a US medicine deal with Trump

By Maggie Fick LONDON (Reuters) -AstraZeneca CEO Pascal Soriot looked relaxed standing in the Oval Office on Friday as U.S. President Donald Trump unveiled a medicine deal that will lower drug prices for millions of Americans. The hard work had paid off, allowing Soriot to clinch ...
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Three workers died at Hyundai’s Georgia plant since 2022, before US immigration raid, WSJ reports

(Reuters) -Three workers have died since Hyundai Motor started construction of its $7.6 billion auto plant in Georgia in 2022, the Wall Street Journal reported on Sunday, citing a review of federal records.  Dozens of the company’s current and former workers, many of them safety ...
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Vance warns ‘deeper’ cuts ahead for federal workers as shutdown enters 12th day

Vice President JD Vance on Sunday said there will be deeper cuts to the federal workforce the longer the government shutdown goes on, adding to the uncertainty facing hundreds of thousands who are already furloughed without pay amid the stubborn stalemate in Congress. Vance ...
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Taiwan says doesn’t need China for most of its rare earths needs

TAIPEI (Reuters) -Most rare earth materials used in Taiwan are supplied by Europe, the United States and Japan, but the impact of China’s new curbs on the semiconductor industry still needs to be assessed, the island’s economy ministry said on Sunday. China dramatically expanded its ...
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Qantas says customer data released by cyber criminals months after cyber breach

SYDNEY (Reuters) -Australia’s Qantas Airways said on Sunday that it was one of the companies whose customer data had been published by cybercriminals after it was stolen by a hacker in a July breach of a database containing the personal information of the airline’s customers. The ...
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Warner Bros rebuffs Paramount takeover approach, Bloomberg News reports

(Reuters) -Warner Bros Discovery has rebuffed Paramount Skydance’s initial takeover approach as too low, Bloomberg News reported on Saturday. Warner Bros rejected Paramount’s offer of around $20 per share in recent weeks, the report said, citing people familiar with the matter. Warner Bros and ...
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China says its rare earth export controls are ‘legitimate’

BEIJING (Reuters) -China defended its export control measures on rare earths as “legitimate” on Sunday after President Donald Trump retaliated against the curbs by announcing steep new U.S. tariffs on Chinese goods. China is willing to strengthen dialogue and exchanges on export controls with all ...
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US eases some penalties tied to foreign-built ships, toughens others

By Lisa Baertlein and David Lawder (Reuters) -The United States Trade Representative’s office said on Friday it would modify certain maritime-related fees for foreign-built vehicle carriers and liquefied natural gas vessels ahead of port fees on China-linked ships slated to go into effect next week. ...
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EU need for ‘digital sovereignty’ does not mean protectionism, German minister says

BERLIN (Reuters) -Europe needs to build up its own digital infrastructure to reduce dependence on U.S. providers, but that does not mean turning away from them completely, Germany’s digital minister Karsten Wildberger told Reuters. Some Europeans, unsettled by U.S. President Donald Trump’s trade wars to ...
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