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Diplomacy or retaliation? The EU mulls its options as tensions with U.S. rise over Greenland

BRUSSELS (AP) - Threats from the White House over Greenland have sparked outrage and a flurry of diplomatic activity across Europe, as leaders consider possible countermeasures, including retaliatory tariffs and the first-ever use of the European Union's anti-coercion instrument. U.S. President Donald Trump said ...
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India agrees to boost trade and strategic ties with UAE amid regional tensions

NEW DELHI (AP) - India and the UAE finalised a series of agreements on Monday, hoping to double bilateral trade to $200 billion by 2032. The United Arab Emirates president, Sheikh Mohamed bin Zayed Al Nahyan, met with India's Prime Minister Narendra Modi in the ...
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AP Source: Fed Chair Powell to attend Supreme Court argument on Cook case

WASHINGTON (AP) - Federal Reserve Chair Jerome Powell will attend the Supreme Court's oral arguments Wednesday in a case involving the attempted firing of Fed governor Lisa Cook, an unusual show of support by the central bank chair. The high court is considering whether ...
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Cook case could lead to ’cause’ protections for Fed, or a roadmap for dismissals

WASHINGTON, Jan 19 (Reuters) - The most consequential test of the Federal Reserve's independence in more than a century of existence comes before the U.S. Supreme Court this week, with the focus on whether the justices will shield the world's most important central bank ...
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Trump to meet global CEOs in Davos, with US policy in focus

By Divya Chowdhury and Peter Thal Larsen DAVOS, Switzerland, Jan 19 (Reuters) - Donald Trump is expected to meet global business leaders in Davos on Wednesday, sources familiar with the matter said, as the U.S. President's presence looms large over the annual gathering of the ...
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NHTSA opens probe into about 600,000 GM vehicles over engine failure issue

Jan 19 (Reuters) - The U.S. National Highway Traffic Safety Administration said on Monday it opened a recall query into about 597,571 vehicles from General Motors over engine failure. The recall affects GM vehicles equipped with a L87 6.2L V8 gas engine that experienced engine ...
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What to know about the annual World Economic Forum meeting in Davos

DAVOS, Switzerland (AP) - Nearly 3,000 high-level participants from business, government and beyond plus untold numbers of activists, journalists and outside observers are converging in the Swiss town of Davos for the World Economic Forum's annual meeting. Here's a look at the latest edition ...
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JP Morgan cuts emerging market FX view on overcrowding worries

By Marc Jones LONDON, Jan 19 (Reuters) - JP Morgan's strategists cut the bank's view on emerging market currencies to 'market weight' from 'overweight' on Monday, saying short-term positioning was now "overbought" following a strong year-long rally. The U.S. investment bank, whose views are closely ...
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Exclusive-German investments in US nearly halve in Trump’s first year back, report shows

By Rene Wagner and Maria Martinez BERLIN, Jan 19 (Reuters) - German companies pulled back on investment and exports to the U.S. during the first year of President Donald Trump's second term, hit by trade uncertainty and higher tariffs, according to a report by the ...
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Morning Bid: US picks a fight with its biggest creditor

Jan 19 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. You couldn't make this stuff up. A U.S. president threatens to pile an extra tax on American consumers in order to force a European country to sell ...
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Tesla poised to be early winner as Canada opens door to Chinese-made EVs

BEIJING/SHANGHAI, Jan 19 (Reuters) - Tesla is poised to be one of the first automakers to benefit from Canada's move to remove 100% tariffs on Chinese-made EVs, thanks to its early efforts to ship cars from its Shanghai plant there and its established Canadian ...
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US futures sink after Trump warns of higher tariffs for 8 countries over Greenland issue

BANGKOK (AP) - U.S. stock futures skidded Monday after U.S. President Donald Trump threatened to slap a 10% extra tariff on imports from eight European countries due to their opposition to his desire to take control of Greenland. The European countries targeted by Trump blasted ...
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