Business & Finance News
U.S. President Donald Trump on Thursday hailed a “nice victory” after the World Trade Organization gave Washington a green light to impose tariffs on $7.5 billion worth of EU goods annually as punishment for illegal aircraft subsidies.
Tokio Marine Holdings Inc will buy insurer Pure Group for about $3.1 billion, it said on Thursday, marking its fourth sizable acquisition in the United States in a little over a decade.
Axon Enterprise Inc, the leading maker of U.S. police body cameras, began shipping new devices last week with security upgrades it says could aid in thwarting and discrediting “deepfake” videos.
Scottish whisky makers said on Thursday jobs and investment were at risk after the United States slapped a 25% tariff on their single malt spirit and France said the European Union could respond in the row over EU aircraft subsidies.
U.S. tariffs on European Union products would affect around 1 billion euros ($1.10 billion) of Spanish agricultural products per year, Spanish agricultural association COAG said on Thursday.
Oil slipped further below $58 a barrel on Thursday, pressured by concerns about global economic growth, oil demand and signs of excess supply despite OPEC-led cuts.
World stocks hovered near four-week lows on Thursday and yields on major benchmark bonds slipped after Washington moved to impose new tariffs on European goods, fuelling fears about global growth and dousing risk appetite.
A move by the United States to slap a 25% tariff on single malt Scotch whisky will damage the industry and hurt jobs and investment in Scotland, the sector’s trade association said on Thursday, as it urged restraint on all sides.
France and the European Union (EU) are ready to respond “with sanctions” if the United States were to reject the hand extended by Europe in the Airbus trade dispute, said French Finance Minister Bruno Le Maire said on Thursday.
European luxury goods and drinks company shares rose on Thursday after new U.S. tariffs in retaliation over EU aircraft subsidies excluded cognac, champagne and leather goods.
The World Trade Organization (WTO) will hold a special meeting of its Dispute Settlement Body at the request of the United States on Oct. 14 to adopt its arbitration decision in the Airbus subsidies case, a WTO spokesman said on Thursday.
Italian prosecutors have opened an investigation into alleged tax evasion targeting U.S. streaming service Netflix, a source with direct knowledge of the matter said on Thursday.
Staff at Cathay Pacific Airways , Hong Kong’s flagship airline, are on edge.
H&M , the world’s second-biggest fashion retailer, reported on Thursday its first quarterly rise in pretax profit in more than two years and said efforts to meet rapid changes in the market were on track.
Turkish authorities have fined Facebook Inc 1.6 million lira ($282,000) for violation of data protection laws which affected nearly 300,000 people, the Personal Data Protection Board (KVKK) said on Thursday.
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