The European Union said on Tuesday it is open to talks with United States in a row over aircraft subsidies but said figures quoted by Washington as it threatened more tariffs were based on internal U.S. estimates.
World stocks eked out meagre gains on Tuesday amid worries the global economy was faltering after data showed manufacturing activity slowed last month, weakening appetite for risk.
Divided and tired, European Union leaders went into a third day of arm-wrestling on Tuesday over who would next hold the bloc’s key posts, calling for unity but sounding as split as ever on the key Commission presidency.
Germany’s Defence Minister Ursula von der Leyen is being touted by Donald Tusk, the president of the European Council, as a potential successor to Jean-Claude Juncker as head of the European Commission, Die Welt reported on Tuesday.
Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement by OPEC and allies, including Russia, to extend supply cuts until next March.
Facebook’s Silicon Valley campus received the all-clear on Tuesday after fears that a package at its mail facility contained the nerve agent sarin.
OPEC and its allies led by Russia agreed to extend oil output cuts until March 2020 on Tuesday seeking to prop up the price of crude as the global economy weakens and U.S. production soars.
Credit Suisse wealth management boss Iqbal Khan is leaving Switzerland’s second-largest bank in the latest high-level departure under its chief executive Tidjane Thiam.
Prime Minister Boyko Borrisov said disagreement over the EU’s top jobs had pitted nations against each other but that he hoped that EU leaders would find a way to unite behind a deal at a third day of talks on Tuesday.
Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement by producer club OPEC on Monday to extend supply cuts until next March.
Dutch Prime Minister Mark Rutte on Tuesday said he hoped EU leaders would reach a decision on filling the bloc’s top posts, but declined to speculate about the chances of Dutchmen Frans Timmermans becoming the next European Commission president.
Spanish Prime Minister Pedro Sanchez stuck firm to a proposed deal to install Dutchman Frans Timmermans as head of the European Union’s executive on arrival on Tuesday for talks with other EU leaders on the bloc’s top jobs.
Italy’s Prime Minister Giuseppe Conte said on Tuesday he would prefer a woman as president of the next European Commission, as EU leaders meet for a third consecutive day to end a stalemate over the appointment of top figures in the bloc.
Everyone will have to make compromises if an agreement is to be reached on how to parcel out top jobs in the European Union, German Chancellor Angela Merkel said upon arriving for the third day of a Brussels summit.
The European Union’s leaders gathered on Tuesday for a third consecutive day of arm-wrestling over the 28-nation bloc’s key posts, with little sign that fundamental differences had narrowed.
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