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Trump tariffs wreaking havoc in Brazil’s citrus belt

By Ana Mano SAO PAULO (Reuters) -U.S. President Donald Trump’s plan to impose a new 50% tariff on all Brazilian products from Aug. 1 could devastate the South American nation’s citrus belt, as factories scale back production and orange farmers consider leaving fruit to rot ...
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Amazon faces UK lawsuits worth up to $5.4 billion from retailers, consumers

LONDON (Reuters) -Amazon faces two mass lawsuits from retailers and consumers worth up to 4 billion pounds ($5.4 billion) for allegedly abusing its dominant position, after a London tribunal on Thursday certified the cases could proceed. Andreas Stephan, a competition law academic, is bringing one ...
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CBS News taps Tanya Simon as new boss of ’60 Minutes’ after Trump lawsuit

(Reuters) -Paramount Global’s CBS News on Thursday appointed Tanya Simon as the executive producer of its prime time news magazine broadcast “60 Minutes”, in place of Bill Owens, who had stepped down citing lack of editorial independence. Owens left the post in April after ...
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Canada’s retail sales shrink as tariffs bite, June expected to improve

By Promit Mukherjee OTTAWA (Reuters) -Canada’s retail sales shrank by 1.1% in May as consumers curtailed car purchases and spent less at supermarkets, convenience stores and on alcohol, data showed on Thursday.  Retail sales – closely watched by economists as they give an indication of GDP ...
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UnitedHealth says it is under a federal investigation and cooperating

Shares of UnitedHealth Group slipped Thursday after the health care giant said it was under a Department of Justice investigation. The company said it has started complying with both criminal and civil requests from federal investigators and it was cooperating with them. “(UnitedHealth) has a long ...
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Dow forecasts sales below estimates, slashes dividend on downturn, tariff uncertainty

By Pooja Menon (Reuters) -Dow Inc halved its dividend and forecast third-quarter revenue below analysts’ expectations as the chemicals maker grapples with a prolonged industry downturn and tariff uncertainty, sending its shares down over 13% in early trading. Global chemical companies are feeling the pressure ...
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Trump says he wants Musk and his companies to thrive in US

(Reuters) -President Donald Trump said on Thursday he would not destroy Elon Musk’s companies by taking away federal subsidies and that he wants the billionaire tech-entrepreneur’s businesses to thrive. “Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, ...
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US business activity rises; tariffs fuel inflation concerns

By Lucia Mutikani WASHINGTON (Reuters) -U.S. business activity picked up in July, but companies asked higher prices for goods and services, supporting economists’ views that inflation will accelerate in the second half of the year mainly because of tariffs on imports. Despite the increase in activity ...
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US applications for jobless benefits fall for sixth straight week, remain at historically low level

WASHINGTON (AP) — The number of Americans filing for jobless aid fell for the sixth straight week, hitting the lowest level since mid-April. The Labor Department reported Thursday that jobless claims for the week ending July 19 fell by 4,000 to 217,000. That’s fewer than ...
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Philanthropist Wendy Schmidt insists science and immersive media can inspire action for the planet

NEW YORK (AP) — Technology drove the personal wealth behind many philanthropists atop the list of last year’s biggest American donors. But Wendy Schmidt and her husband, former Google CEO Eric Schmidt, are fairly unusual in their insistence that the scientific advancements they fund ...
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Trump to visit Federal Reserve

(WASHINGTON) – President Donald Trump is visiting the Federal Reserve headquarters in Washington on Thursday, a week after indicating that Fed chair Jerome Powell’s handling of an extensive renovation project on two Fed buildings could be grounds for firing. Trump has criticized Powell for months ...
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Union Pacific beats quarterly profit estimates on strong coal shipments

(Reuters) -Union Pacific, the largest U.S. freight railroad operator, beat second-quarter profit estimates on Thursday, powered by higher revenue from coal shipments and improved pricing. Coal shipment volumes, a weak spot for U.S. railroad operators, have picked up after U.S. President Donald Trump signed executive ...
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