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Euro zone retail sales grow quicker than thought after revisions

FRANKFURT (Reuters) -Euro zone retail sales grew quicker than thought in June, data showed on Wednesday, reinforcing views that the bloc remains resilient to trade uncertainty thanks to the continued rebound in domestic consumption. Retail sales in the 20 nations sharing the euro currency ...
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Nearly 60% of German firms expect EU-US deal to burden them more, finds DIHK

BERLIN (Reuters) -Nearly 60% of German companies expect the European Union’s trade deal with the United States to create more burdens for them through higher tariffs and more bureaucracy, a survey said on Wednesday. That number rises to 74% for companies with a direct ...
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Global insured catastrophe losses hit $80 billion in first half of 2025, report shows

By Manya Saini (Reuters) -Global insured losses from natural catastrophes reached $80 billion in the first half of 2025, preliminary estimates from Swiss Re Institute showed on Wednesday, driven by wildfires in California and severe thunderstorms in the United States. The estimate nearly doubles the 10-year ...
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Japan ruling party heavyweight warns against BOJ rate hike

By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) -The Bank of Japan must be cautious about raising interest rates given the expected hit from U.S. tariffs on the fragile economy, ruling party heavyweight Ken Saito told Reuters. “The BOJ ought to be cautious as everything would ...
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German industrial orders unexpectedly fall in June on subdued foreign demand

By Miranda Murray BERLIN (Reuters) -German industrial orders unexpectedly fell in June, declining for a second straight month, due to falling demand from abroad, a trend that looks set to continue due to increased tariffs on exports to the United States, data showed on Wednesday. ...
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Musk says xAI will open source Grok 2 chatbot

(Reuters) -Billionaire Elon Musk said on Wednesday that his artificial intelligence startup xAI will open source its chatbot Grok 2 next week.(Reporting by Gursimran Kaur in Bengaluru; Editing by Nivedita Bhattacharjee) Brought to you by www.srnnews.com
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Blackstone to take Japan’s TechnoPro private for $3.4 billion

TOKYO (Reuters) -U.S. investment fund Blackstone-led group will launch a 507.4 billion yen ($3.44 billion) tender offer for TechnoPro Holdings at 4,870 yen per share, the Japanese engineer staffing firm said on Wednesday. ($1 = 147.4600 yen)(Reporting by Satoshi Sugiyama; Editing by Himani Sarkar) Brought ...
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Honda posts 50% fall in Q1 operating profit on tariffs, lifts full-year forecast

TOKYO (Reuters) -Honda Motor reported a 50% drop in first-quarter operating profit on Thursday, as a stronger yen and the impact of U.S. President Donald Trump’s tariffs took a toll on its results, but the company raised its full-year forecast. Japan’s second-biggest carmaker said ...
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Japan says US investments under trade deal will be determined by benefits for Tokyo

TOKYO (Reuters) -Japan’s promised $550 billion in U.S. investments under the trade deal struck last month will be determined by whether they will benefit Tokyo too, the Asian nation’s top tariff negotiator said on Tuesday. Ryosei Akazawa’s comments came after U.S. President Donald Trump, in ...
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Hit by US tariffs, Indonesia plans to sell shrimp to China instead

By Ananda Teresia and Yuddy Cahya Budiman PANDEGLANG, Indonesia (Reuters) -At a shrimp farm in Indonesia, more than 16,000 km (9,942 miles) from Washington D.C., U.S. President Donald Trump’s import tariffs have left Denny Leonardo’s expansion plans in disarray. Leonardo had aimed to add about 100 ...
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Wegovy maker Novo Nordisk to reduce costs after $95 billion stock loss

By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN (Reuters) -Wegovy-maker Novo Nordisk said on Wednesday it will sharpen its commercial focus and reduce costs, after a major profit warning and new CEO announcement last week wiped some $95 billion of value from the company’s stock. The Danish ...
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Siemens Energy targets upper end of 2025 outlook on strong US demand

FRANKFURT (Reuters) -Siemens Energy expects to hit the upper end of its 2025 outlook, it said on Wednesday, driven by its wind turbine division and strong demand in the United States for its power equipment that helped it to shrug off the impact of ...
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