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UK competition regulator clears Boeing and Spirit AeroSystems merger

(Reuters) -Britain’s competition regulator on Friday said it had cleared Boeing’s planned acquisition of Spirit AeroSystems after deciding to not refer the deal to an in-depth investigation. (Reporting by Pushkala Aripaka and Prerna Bedi in Bengaluru; Editing by Sonia Cheema) Brought to you by ...
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China’s car sales growth slows in July, with weaker hybrid demand

SHANGHAI (Reuters) -China’s car sales growth slowed in July partly due to weaker demand for hybrids, as regulators in the world’s biggest auto market crack down on a price war that has bruised the industry. Sales rose 6.9% from July 2024 to 1.85 million cars, ...
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World food prices rise to two-year high in July, FAO says

PARIS (Reuters) -World food commodity prices rose in July to their highest in more than two years, driven by rising international prices for meat and vegetable oils, the United Nations’ Food and Agriculture Organization said on Friday. The FAO Food Price ...
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EM central banks plough on with easing in July as major peers linger

By Karin Strohecker and Sumanta Sen LONDON (Reuters) -Emerging market central banks implemented their largest rate-cutting push in years in July, while their developed market counterparts held steady as uncertainty over U.S. trade and tariff policies reverberated across global economies. Seven central banks from a ...
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Intel CEO says he is working with US administration after Trump demands resignation

(Reuters) -Intel Chief Executive Lip-Bu Tan on Thursday said the chipmaker is engaging with the U.S. administration to clarify concerns and ensure accurate information is provided after President Donald Trump demanded his immediate resignation earlier in the day. Trump called the CEO “highly conflicted” due ...
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Analysis-Trump tariffs on Russia’s oil buyers bring economic, political risks

By Timothy Gardner, David Lawder and Seher Dareen WASHINGTON/LONDON (Reuters) -From punishing Brazil to trying to curb imports of fentanyl, U.S. President Donald Trump has wielded the threat of tariffs as an all-purpose foreign policy weapon.  With a Friday deadline for Russia to agree to peace in ...
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Asian shares are mostly lower, while Tokyo’s Nikkei jumps 2%

MANILA, Philippines (AP) — Asian shares were mostly lower Friday while Tokyo’s benchmark jumped more than 2% after Japanese officials said they had resolved questions over the tariff that will apply to exports to the U.S. The new U.S. tariffs on Japanese goods that ...
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US retailer Best Buy to boost India tech hub staff by over 40%, executive says

By Praveen Paramasivam and Sai Ishwarbharath B CHENNAI (Reuters) -U.S. electronics chain Best Buy plans to expand the headcount at its Indian tech centre by over 40% in the next few months, a senior executive told Reuters, as more global corporations set up offices in ...
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J.P.Morgan sees Fed cutting rates at each of its next four meetings

(Reuters) -J.P.Morgan now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at each of its next four meetings, bringing the policy rate to 3.5%, it said in a note on Thursday, as the labor market and broader economy show ...
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Morning Bid: Trump moves to extend grip on Fed

A look at the day ahead in European and global markets from Rae Wee With U.S. President Donald Trump’s nomination to fill a newly vacant seat at the Federal Reserve now out of the way, investors are awaiting a Senate confirmation to see if Stephen ...
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Cosco seeks at least 20% stake in $23 billion Panama Canal ports deal, FT reports

(Reuters) -China’s state-owned shipping giant Cosco aims to secure at least 20%-30% stake in a $23 billion ports deal involving strategic assets in the Panama Canal, as Beijing moves to renegotiate the terms of a sale previously praised by U.S. President Donald Trump, the ...
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A 240-year-old Swiss watchmaker’s race to beat Trump’s tariff deadline

By Helen Reid LONDON/GENEVA (Reuters) -As a U.S. tariff deadline neared this week, Swiss watch manufacturer DuBois et fils rushed to ship five high-end watches worth thousands of dollars each to the United States. By Wednesday the firm had blocked orders on its U.S. website. ...
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