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News
US, Mexico resume USMCA trade talks as Trump hits Canada with new tariffs
18+ min ago (692+ words) MEXICO CITY, July 21 (Reuters) – U.S. and Mexican trade negotiators will meet for a third round of bilateral talks on Tuesday to try to push forward with revising the North American trade agreement, just as President Donald Trump slaps Canada with…...
China considers tighter export controls on AI models and chips, FT reports
6+ hour, 28+ min ago (103+ words) WTVB China considers tighter export controls on AI models and chips, FT reports July 21 (Reuters) – Chinese regulators are considering tightening export controls on AI and semiconductor technologies, the Financial Times reported on Tuesday. Regulators led by the China’s Ministry of…...
New Zealand Q2 inflation at 4.1% y/y, above forecast
7+ hour, 18+ min ago (214+ words) WELLINGTON, July 21 (Reuters) – New Zealand’s annual inflation accelerated in the second quarter, coming in at 4.1% – above analysts’ forecasts – and remained above the top end of the central bank’s target range, official data showed on Tuesday. The consumer price index (CPI)…...
Paramount Skydance ordered to pause Warner Bros acquisition through August 3
12+ hour, 29+ min ago (456+ words) By Jody Godoy and Dawn Chmielewski July 20 (Reuters) – Paramount Skydance must pause its $110 billion acquisition of Warner Bros. Discovery through August 3, a federal judge ruled on Monday after a California-led coalition of states argued the merger would irreparably harm competition....
Analysis-Investors see pollution plan silver lining in EU carbon overhaul
2+ hour, 43+ min ago (651+ words) By Simon Jessop and Kate Abnett LONDON, July 21 (Reuters) – A European Union plan to tie free pollution permits to investments in decarbonisation could enhance corporate accountability, investors said, despite concerns that a broader overhaul of the Emissions Trading System (ETS)…...
European shares inch higher as oil prices ease; earnings in focus
3+ hour, 23+ min ago (201+ words) July 21 (Reuters) – European shares edged higher on Tuesday as reports of U.S.-Iran mediation efforts pushed oil prices lower, while investors assessed a fresh batch of corporate earnings. The pan-European STOXX 600 index rose 0.3% to 641.39 points by 0704 GMT. Oil prices eased…...
UK borrows less in June but fiscal challenge for Burnham remains huge
3+ hour, 48+ min ago (296+ words) LONDON, July 21 (Reuters) – Britain’s government borrowed £16 billion ($21.51 billion) in June, a third less than in the same month last year, according to official data which nonetheless showed the scale of the fiscal challenge facing new Prime Minister Andy Burnham. A…...
Novartis Q2 profit up as generic competition mounts | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County
5+ hour, 28+ min ago (416+ words) By Bhanvi Satija and Marleen Kaesebier July 21 – Novartis’ beat market expectations for second-quarter core operating profit on Tuesday, as lower-than-expected costs helped the Swiss drugmaker absorb a sharp drop in sales of its top-selling heart drug Entresto. Novartis quarterly group…...
Dollar wavers as markets grapple with Gulf tensions
8+ hour, 59+ min ago (563+ words) (Refiles to fix typo of wavers in headline) HONG KONG, July 21 (Reuters) – The U.S. dollar hovered near a one-week high on Tuesday, with markets torn between conflicting Middle East signals, as hostilities in the region stoked renewed fears over energy…...
Analysis-Power, water needs test South Korea’s push to build AI chip hub beyond Seoul
9+ hour, 31+ min ago (658+ words) By Joyce Lee and Hyeyoon Cho SEOUL, July 21 (Reuters) – South Korea has said it wants to establish a new semiconductor hub in its southwest within four years, but local opposition to the project’s massive power and water needs is set…...