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Anglo American’s copper, diamond production falls in first half

LONDON (Reuters) -Global miner Anglo American on Thursday reported a 13% fall in copper production in the first half of the year to 342,200 metric tons, and a 26% fall in rough diamonds, as demand remains sluggish. The London-listed miner still expects to mine 690,000-750,000 ...
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European car sales slump in June as automakers’ woes deepen

(Corrects figures for Stellantis and Renault in paragraph 5) By Alessandro Parodi (Reuters) -New car sales in Europe fell more than 5% in June, the European Automobile Manufacturers Association (ACEA) said on Thursday, in a reflection of the global challenges faced by automakers. Tesla lost market ...
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Tesla shares drop almost 6% after results

LONDON/MILAN (Reuters) -Tesla shares fell nearly 6% in early trading in Europe on Thursday, after Elon Musk’s electric vehicle maker posted its worst quarterly decline in sales in over a decade. Shares in the company were down 5.7% in Frankfurt, having dropped 5% in after-hours ...
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Australia to reduce US beef import restrictions denounced by Trump as a ban

MELBOURNE, Australia (AP) — Australia announced it will reduce restrictions on U.S. beef imports in a move U.S. President Donald Trump’s administration claimed as a major victory over “non-scientific trade barriers.” Agriculture Minister Julie Collins said Thursday that relaxing the restrictions designed to keep Australia ...
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Toy makers nix batteries, other materials to save costs during tariff war

By Arriana McLymore and Nicholas P. Brown NEW YORK (Reuters) -This holiday season, U.S. parents may have to make an extra pit stop – not for toys, but for the batteries that power them, as manufacturers pare down on frills and packaging to cut costs amid ...
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Canada’s Teck Resources beats profit estimates for second quarter

(Reuters) -Canadian miner Teck Resources beat second-quarter profit estimates on Thursday, helped by improved profitability at its Trail operations. Teck’s Trail operations, located in British Columbia, is one of the world’s largest fully integrated zinc and lead smelting and refining complexes, according to the company ...
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Nestle to review vitamins business as H1 organic sales beat forecast

LONDON (Reuters) -Nestle posted better-than-expected first-half organic sales growth on Thursday as the world’s biggest packaged food company announced a strategic review of its vitamins business that could lead to the divestment of some brands. The Swiss company maintained its 2025 outlook, saying it still ...
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AI-powered ads to drive growth for global entertainment and media industry, PwC says

By Harshita Mary Varghese -Growing use of artificial intelligence in advertising is expected to boost the global entertainment and media industry’s revenue to $3.5 trillion by 2029, according to PwC. The industry is projected to record a compound annual growth rate of 3.7% until 2029, the ...
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Hyundai Motor Q2 profit falls 16% as US tariffs weigh

SEOUL (Reuters) -Hyundai Motor posted a decline in second-quarter operating profit on Thursday, down 16% from a year earlier, as U.S. tariffs on vehicles and parts started to weigh on its bottom line. Hyundai, which together with affiliate Kia is the world’s third-biggest automaking ...
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Photos of Brazilian coffee farmers facing threat from US tariff

A new 50% U.S. tariff on Brazilian imports threatens the livelihoods of small-scale coffee farmers, who produce over two-thirds of Brazil’s coffee. Experts warn these family-run farms will be hit hardest, lacking the means to adapt or access new markets. ___ This is a photo gallery ...
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Small Brazilian coffee producers fear for the future after Trump’s 50% tariff

PORCIUNCULA, Brazil (AP) — Brazilian José Natal da Silva often tends to his modest coffee plantation in the interior of Rio de Janeiro state in the middle of the night, sacrificing sleep to fend off pests that could inflict harm on his precious crops. But ...
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South Korea seeks to leverage Trump’s focus on shipbuilding in tariff talks

By Ju-min Park and Joyce Lee SEOUL (Reuters) -South Korea and the United States have been discussing a shipbuilding tie-up that could include investments to modernise U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms, government and ...
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