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Germany’s DHL joins peers in restricting US-bound parcel services

DUSSELDORF, Germany (Reuters) -German postal services group DHL said on Friday it would suspend the shipment of standard parcels for businesses to the United States, in line with similar moves by European peers deterred by looming U.S. customs duties for low-value packages. U.S. President Donald ...
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German economy shrank by 0.3% in second quarter in worse showing than initially thought

BERLIN (AP) — The German economy shrank by 0.3% in the second quarter compared with the previous three-month period, official data showed Friday, a significantly worse showing than was initially reported as tensions with the U.S. over tariffs simmered. In a preliminary report at the ...
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Asian shares are mixed after Wall Street fell to its 5th straight loss

MANILA, Philippines (AP) — Asian shares were mixed on Friday after Wall Street fell to a fifth straight loss, hurt by losses for Walmart and worries over coming cuts to interest rates. Traders remain cautious, looking for cues about U.S. monetary policy from a meeting ...
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Morning Bid: One last summer hurrah?

A look at the day ahead in European and global markets from Gregor Stuart Hunter It’s possible that there is a cure for those summertime blues after all, and it’s Jerome Powell. But as the Federal Reserve chair prepares to take the stage at the central ...
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Tesla raises price of fastest Cybertruck by $15,000 in US

(Reuters) -Tesla has raised the price of its fastest variant of Cybertruck by $15,000, according to pricing information on the automaker’s website. The price of the Cyberbeast has been raised to $114,990 from $99,990, the website said, adding that it now has the “Luxe Package” ...
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Alvarez & Marsal to triple global capability centre headcount in India, top exec says

By Sai Ishwarbharath B BENGALURU (Reuters) -Consulting firm Alvarez & Marsal plans to nearly triple its global capability centre staff in India to 2,000 by the end of 2028, a top executive told Reuters, joining a growing league of firms seeking to tap talent in ...
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Another US military mini shuttle launches on a secret mission

Another U.S. military mini shuttle blasted off Thursday night to conduct classified experiments in space. Launched by SpaceX, the space plane with no one aboard took off from Cape Canaveral, Florida. It’s the eighth such flight for the test vehicles known as X-37B. This one ...
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OpenAI to launch first India office in New Delhi this year

By Munsif Vengattil BENGALURU (Reuters) -ChatGPT parent OpenAI will open its first India office in New Delhi later this year, deepening its push in its second-largest market by user numbers.  OpenAI, which is backed by Microsoft, has been established as a legal entity in India and has ...
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Nvidia CEO in Taipei to visit TSMC, says in talks with US over new China chip

By Ben Blanchard and Wen-Yee Lee TAIPEI (Reuters) -Nvidia CEO Jensen Huang arrived in Taipei on Friday to visit chip foundry partner TSMC, as the biggest U.S. company navigates rising friction between Washington and Beijing over access to its industry-leading AI chips. “My main purpose coming ...
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Nvidia asks Foxconn to suspend work for H20 chip, sources say

BEIJING (Reuters) -Nvidia has asked Foxconn to suspend work on the H20 AI chip, the most advanced product the U.S. company is currently permitted to sell to China, two people briefed on the matter said. Foxconn, formally known as Hon Hai Precision Industry Co Ltd, ...
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Australia’s Zip soars on strong earnings, outlook, US listing plan

(Reuters) -Shares of Australia’s Zip surged over 25% on Friday to hit their highest level in more than three years after the buy-now-pay-later (BNPL) company reported higher annual earnings and announced plans for a secondary U.S. listing. The company’s cash earnings before taxes, depreciation and ...
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Oil prices set to snap two-week losing streak as peace in Ukraine remains elusive

(Reuters) -Oil prices were little changed on Friday but were on track to snap a two-week losing streak as hope for immediate peace between Russia and Ukraine dimmed, increasing the risk premium demanded by oil sellers. Brent crude futures were down 4 cents to $67.63 ...
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