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Germany’s auto association says EU-US trade deal must take effect now

BERLIN (Reuters) -Germany’s VDA auto association said on Thursday that the promised trade agreement between the EU and the United States needed to be implemented now so the industry could receive some relief. Sectoral tariffs of 27.5% “remain in place and place a significant burden ...
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Huawei’s joint EV brand with Chery pledges $1.4 billion new investment

BEIJING (Reuters) -Huawei’s joint electric vehicle brand with Chery said on Thursday that it will invest more than 10 billion yuan ($1.39 billion) and expand its research and development team to 5,000 people. It did not give a timeline for the move, which it said ...
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Japan tech giant SoftBank Group sees better fortunes on surging AI stocks

TOKYO (AP) — Japanese technology conglomerate SoftBank Group Corp. posted a 421.8 billion yen ($2.9 billion) profit in the April-June quarter, rebounding from a loss a year earlier as its investments benefited from the craze for artificial intelligence. Quarterly sales at Tokyo-based SoftBank Group, ...
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Shopping for a robot? China’s new robot store in photos

BEIJING (AP) — A high-tech district in the Chinese capital is opening an all-service robot store on Friday to push a national drive to develop humanoid robots. From plucking boxes off a pharmacy shelf to serving drinks from behind a bar, robots at the government-run ...
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Japan cuts growth forecast on US tariffs drag, weaker consumption

By Makiko Yamazaki TOKYO (Reuters) -Japan’s government cut its growth forecast for this fiscal year on Thursday as U.S. tariffs slow capital expenditure and persistent inflation weighs on private consumption, threatening a fragile economic recovery. In revised estimates presented at a meeting of Japan’s top economic ...
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India-US tariff standoff: What are New Delhi’s options and risks?

NEW DELHI (Reuters) -India is likely to be among the countries worst hit by U.S. President Donald Trump’s trade offensive, with tariffs on Indian imports set to surge to 50% if a deal is not struck in three weeks. Below are various options for India ...
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Hong Kong stablecoin bill’s client identity rules spark industry concern

By Summer Zhen and Jiaxing Li HONG KONG (Reuters) -The strict customer identification rules mandated in Hong Kong’s new stablecoin law could hinder adoption of the digital currency and the city’s competitiveness in global digital finance markets, sources from the industry said. Hong Kong’s long-awaited stablecoin ...
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Chinese firms sell record amount of currency options in first half of 2025

SHANGHAI (Reuters) -Chinese companies sold a record amount of currency options in the first half of this year as domestic businesses, particularly exporters, bet on a steady yuan and used derivatives to make some extra money. WHY IT’S IMPORTANT The trend is further evidence Chinese exporters ...
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Deutsche Telekom meets Q2 profit expectations, lifts guidance

By Marleen Kaesebier and Maria Rugamer -Deutsche Telekom reported second quarter core profit in line with analyst expectations on Thursday, citing continued growth in both Germany and the U.S., and edged up its full-year profit guidance. The Germany-based telecoms giant reported second quarter adjusted earnings ...
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Sceptical investors call time on China’s anti-price war rally

SHANGHAI/SINGAPORE (Reuters) -Fund manager Yang Tingwu was quick to harvest his gains after a furious July rally in Chinese steel and cement stocks, spurred by Beijing’s campaign against price wars and excess industrial production. Yang, like many other investors, does not believe China’s ambitious plan ...
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Apple shares rise as US investment pledge eases tariff concerns

(Reuters) -Iphone maker Apple shares rose 1.6% in early Frankfurt trade after the company committed an additional $100 billion in U.S. investments, easing concerns over the impact of Washington’s tariffs on semiconductor imports. President Donald Trump said a new 100% tariff rate he announced on ...
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Mining giants squeeze dividends with an eye toward funding growth

By Melanie Burton MELBOURNE (Reuters) -So far this earnings season, large miners are paying out their lowest dividends in years, as mineral prices slip and they need to retain cash for their massive development projects, while trying to keep a lid on costs.  Rio Tinto, Anglo ...
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