US, EU outline trade deal details on pharma, semiconductors and autos
The United States and European Union on Thursday released new details of their trade framework, providing clarity on tariffs for…
Coty shares slump 21% as weak demand and tariffs weigh on outlook
Shares of beauty giant Coty fell more than 21% in premarket trading on Thursday after the CoverGirl and Gucci fragrances…
US jobless claims spike as labor market shows cracks ahead of Jackson Hole
The US Department of Labor came out with its weekly unemployment numbers on Thursday. New claims went up by 11,000…
Critical gas compressor station hit as Russia intensifies strikes in Ukraine
In a significant escalation of attacks despite US peace efforts, Russia targeted a crucial gas compressor station in eastern Ukraine,…
New York Appeals Court strikes down $464 million fraud fine against Trump
A New York appeals court on Thursday overturned a $464 million fraud penalty against US President Donald Trump and his…
US Treasury buyback of $4 billion debt sparks liquidity debate ahead of Jackson Hole
The US Treasury has completed one of its largest bond buybacks in history, repurchasing $4 billion of government debt this…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector…
Despite drone strike, Druzhba pipeline restores oil deliveries to Slovakia, Hungary
Oil shipments to Hungary and Slovakia via the Druzhba pipeline have resumed, officials from both nations confirmed late on Tuesday. …
From airfares to groceries: Summer price shock pushes UK’s July inflation to 3.8%
A nasty summer surprise has dealt a significant blow to the UK economy, as official data revealed on Wednesday. UK…
The rise of rentier-led inflation: why prices keep climbing even as growth slows
The US economy is sending mixed signals. Growth has slowed, job creation has weakened, yet prices keep rising in stubborn…