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Russia says rising tariffs threaten US and global economy

MOSCOW (Reuters) -Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that rising trade tariffs carried risks for the economy of the United States and the whole world. Zakharova was commenting on U.S. trade policy under President Donald Trump, who has aggressively raised tariffs on ...
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Serbia seeks extension of US sanctions waiver for oil firm NIS, minister says

(Reuters) -Serbia has sought an extension from the United States on a sanctions waiver for Russian-owned Serbian oil company NIS for an additional 180 days, Serbia’s mining and energy minister said on Thursday. “In the past month, as well as in the entire period since ...
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‘Great Jeans’: Sydney Sweeney campaign fuels American Eagle rally

(Reuters) -American Eagle Outfitters surged 16% on Thursday after unveiling a new denim campaign with Sydney Sweeney, as the apparel retailer bets on the “Euphoria” and “The White Lotus” actress to reignite sales and reconnect with Gen Z shoppers. In a campaign called “Sydney Sweeney ...
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Malaysia targeting lowest possible tariff rate in US talks, trade minister says

KUALA LUMPUR (Reuters) -Malaysia is aiming for the lowest possible tariff on goods exported to the United States, its trade minister said on Thursday, denying reports that it is targeting a rate of 20%. Malaysia is facing a 25% tariff on its goods ...
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Almost 30% of German companies postpone US investments, survey shows

BERLIN (Reuters) -Almost 30% of German companies with investment plans in the United States have postponed their projects and 15% have cancelled them due to uncertainty over U.S. President Donald Trump’s tariff policy, an Ifo survey showed on Thursday. Domestic investments ...
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US lawmaker presses for details of Pentagon use of Chinese engineers under Microsoft deal

By Stephen Nellis SAN FRANCISCO (Reuters) -A U.S. lawmaker on Thursday pressed the U.S. Defense Department for further details on what information the U.S. military shared with Chinese engineers as part of a cloud computing services contract with Microsoft. After a report by investigative journalism publication ProPublica, ...
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Walmart bets on AI super agents to boost e-commerce growth 

By Siddharth Cavale NEW YORK (Reuters) -Walmart unveiled plans on Thursday to roll out a suite of AI-powered “super agents” designed to improve the shopping experience for customers and streamline operations. The world’s largest retailer said the four agents powered by agentic AI – designed for ...
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Markets bet Beijing is getting serious about China’s overcapacity

By Lewis Jackson, Jiaxing Li and Amy Lv BEIJING/HONG KONG (Reuters) -Commodity prices from steel to polysilicon have surged this month as Chinese investors bet Beijing is finally serious about addressing overcapacity across the world’s second-largest economy. Prices for nine industrial commodities including coal, steel, polysilicon, ...
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Explainer-Why the Russian rouble is outperforming and what it means

MOSCOW (Reuters) -The Russian rouble’s 45% rise against the U.S. dollar since the start of the year has made it one of the world’s best performing currencies – but the sharp appreciation is proving to be a double-edged sword for the heavily sanctioned Russian ...
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Euro zone business activity growth hits 11-month high in July, PMI shows

LONDON (Reuters) -Euro zone business activity accelerated faster than forecast this month, supported by a solid improvement in the bloc’s dominant services industry and with manufacturing showing further signs of recovery, a survey showed on Thursday.   HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled ...
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German private sector growth remains tepid in July, PMI shows

By Miranda Murray BERLIN (Reuters) -German business activity continued to grow marginally in July, though at a slightly slower pace than in June, as manufacturing output expanded for a fifth consecutive month and services activity stabilised, a survey showed on Thursday. The HCOB German flash composite ...
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TotalEnergies posts 23% drop in quarterly income as oil, gas prices sag

By America Hernandez PARIS (Reuters) -TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, as expected, the French oil major’s worst performance in four years, as higher upstream production failed to offset lower earnings caused by the recent plunge in oil and gas prices. Adjusted ...
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