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European leaders react to US-EU trade deal

(Reuters) – The U.S. struck a framework trade agreement with the European Union on Sunday, imposing a 15% import tariff on most EU goods and averting a bigger trade war between the two allies that account for almost a third ...
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Yemen’s Houthis threaten to escalate attacks on ships linked to companies dealing with Israel

ATHENS, Greece (AP) — The rebel Houthi group in Yemen has said it will target merchant ships belonging to any company that does business with Israeli ports, regardless of nationality, as part of what it described as the next phase of its operations against ...
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Tariffs threaten Asian beauty product boom in US

NEW YORK (AP) — When Amrita Bhasin, 24, learned that products from South Korea might be subject to a new tax when they entered the United States, she decided to stock up on the sheet masks from Korean brands like U-Need and MediHeal she ...
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Europe Inc swerves Trump trade war ‘hurricane’ but laments higher tariffs

LONDON (Reuters) -European companies were left wondering on Monday whether to cheer a hard-won U.S. trade deal or lament a still sharp jump in tariffs versus those in place before President Donald Trump’s second term.  A day earlier, European leaders heralded a framework trade deal ...
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VW’s Skoda posts 12% profit rise in H1 as electric sales grow

PRAGUE (Reuters) -Skoda Auto, a Volkswagen unit, increased the share of electric vehicles in its sales mix in the first half of the year and posted a nearly 12% rise in operating profit to 1.3 billion euros ($1.52 billion), it said on Monday. The Czech ...
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Explainer-Why Big Alcohol needs US tariff relief in five charts

By Emma Rumney and Jessica DiNapoli LONDON/NEW YORK (Reuters) -European Union wine and spirits producers could emerge among the few winners of a EU-U.S. trade deal agreed at the weekend that some European officials consider unbalanced. The high-level agreement, which imposes a 15% baseline duty for ...
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Exclusive-Chinese consumer complaints show widespread padding of car sales figures

(Reuters) -A tactic used by Chinese automakers and dealers to inflate car sales has grown increasingly common in recent years in response to a bruising price war in the world’s largest auto market, a Reuters analysis of consumer complaints has found. Earlier this month, Reuters ...
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VW’s Audi cuts full-year outlook, citing tariffs and restructuring

(Reuters) -Volkswagen’s premium brand Audi on Monday cut its its full-year guidance, citing the impact of higher U.S. import tariffs and restructuring expenses. The company now expects revenue between 65 billion euros ($76 billion) and 70 billion euros, down from a previous range of ...
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Several US executives to visit China this week: sources

By Laurie Chen BEIJING (Reuters) -A high-level delegation of American executives will travel to China this week to meet senior Chinese officials in a trip organised by the U.S.-China Business Council (USCBC), two sources with knowledge of the visit told Reuters on Monday. The visit coincides ...
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Brewer Heineken’s first-half profits beat forecasts

LONDON (Reuters) -Dutch brewer Heineken on Monday reported a 7.4% rise in half-year organic operating profit, ahead of analyst expectations, even as its sales in Europe dragged and tariff risks increased. The world’s No.2 brewer has been locked in difficult, prolonged price negotiations in ...
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Trump pauses export controls to bolster China trade deal, FT says

(Reuters) -The U.S. has paused curbs on tech exports to China to avoid disrupting trade talks with Beijing and support President Donald Trump’s efforts to secure a meeting with President Xi Jinping this year, the Financial Times said on Monday. The industry and security ...
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Asian shares are mixed after Wall Street sets more records for US stocks

BANGKOK (AP) — Stock markets in Asia were mixed on Monday after U.S. stocks rose to more records as they closed out another winning week. U.S. futures and oil prices were higher ahead of trade talks in Stockholm between U.S. and Chinese officials. European ...
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