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US to move forward with plans to hike EU car tariffs

By David Shepardson WASHINGTON, May 4 (Reuters) - U.S. Trade Representative Jamieson Greer told European Union and German trade officials over the weekend that the U.S. will move forward with President Donald Trump's plan to raise EU car import tariffs to 25%, according to a ...
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Roomba pioneer aims to crack the household market again with an AI-powered pet robot

The robotics pioneer who helped unleash the Roomba vacuum is now betting that you might one day replace your beloved dog or cat with a plush robot that follows you around your home and adapts to your daily habits. Colin Angle unveiled a four-legged prototype ...
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US factory orders rise more than expected in March

May 4 (Reuters) - New orders for U.S. factory goods rose more than expected in March, led by surging demand for electronics products amid the artificial intelligence investment boom. Factory orders were up 1.5% on the month, the biggest gain since November, from an upwardly ...
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Exclusive-Power suppliers hesitate as Venezuela seeks grid repairs without payment guarantees

By Marianna Parraga, Mircely Guanipa and Mariela Nava PUNTO FIJO/MARACAIBO, May 4 (Reuters) - When potential providers and financiers for Venezuela's electric industry, including Siemens Energy and GE Vernova, held meetings with officials in Caracas in April, questions of how they might get paid ...
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Argentina’s Milei restores press access to presidency after a ban sparks backlash

BUENOS AIRES, Argentina (AP) - President Javier Milei of Argentina restored journalists' access to his government headquarters on Monday, more than a week after his decision to block credentialed reporters from the building - accompanied by a volley of online insults - triggered backlash ...
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Spirit Airlines says it has no choice but to liquidate operations

WASHINGTON, May 4 (Reuters) - Bankrupt discount carrier Spirit Airlines, which ceased operations on Saturday, told a U.S. bankruptcy court it had no choice but to end operations. "Having fought valiantly for months to reorganize, and having all but succeeded, (Spirit is) left with no ...
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A European lawmaker is sentenced in a fraud case involving Czech populist leader Andrej Babiš

PRAGUE (AP) - A Czech court on Monday convicted a former associate of populist Prime Minister Andrej Babiš of fraud and handed her a three-year suspended sentence and a fine. Babiš was also a defendant alongside Jana Nagyová in the $2 million fraud case ...
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Shares of eBay take off on a $56 billion buyout bid from GameStop’s Ryan Cohen

Shares of eBay are soaring before the opening bell Monday as Ryan Cohen's GameStop pursues an approximately $56 billion takeover of company, seeing it as a vehicle to compete with online retail giant Amazon. The national gaming retailer said that its approximately 1,600 U.S. stores ...
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New Mexico seeks child safety restrictions on Meta apps and algorithms in trial’s 2nd phase

SANTA FE, N.M. (AP) - New Mexico state prosecutors are seeking fundamental changes to Meta's social media apps and algorithms to safeguard children in the second phase of a landmark trial on allegations that platforms such as Instagram have created a public safety hazard. Opening ...
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Three-Circle seeks to raise up to $1 billion in Hong Kong listing, sources say

By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE, May 4 (Reuters) - Chaozhou Three-Circle Group, a Chinese maker of small ceramic components used in phones, cars, data centres and telecom equipment, aims to raise up to $1 billion in a Hong Kong listing, two sources ...
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Barclays becomes latest brokerage to bet on no Fed rate cuts in 2026

May 4 (Reuters) - Barclays on Monday joined a growing list of brokerages to bet on no policy easing from the U.S. Federal Reserve this year, citing prolonged high energy prices linked to the Iran war that are likely to keep inflation elevated. The British ...
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For foreign workers in the Mideast, risk from the Iran war collides with economic strain at home

HANOI, Vietnam (AP) - He had met his 6-year-old son only once. A few days together in a life otherwise spent apart. For 15 years, Mohammad Abdullah Al Mamun worked in Saudi Arabia, sending money home to his family in one of the poorest areas ...
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