14:19 Breakingviews - AI weakness makes YouTube Alphabet’s new lynchpin
-Through its 26-year run, a 6,000% run-up in its share price, and dominance of the global search engine market, Google owner Alphabet has become a $1.8 trillion internet goliath. It operates the world’s most popular operating system in Android, developed some of the crucial technological innovations behind artificial intelligence, and runs a colossal cloud computing service. Only among this jumble
- Reuters13:59 Breakingviews - China property tycoons become creditors’ labourers
-Chinese developers are taking their restructuring efforts to the next level by preparing to cede de-facto control to their creditors. It signals a fresh chapter for the property market in the world's second-largest economy.
- Reuters13:11 AT&T leans on bundled plans to beat estimates for subscriber additions
-AT&T beat Wall Street estimates for wireless subscriber additions in the first quarter on Wednesday, driven by steady demand for its plans that bundled high-speed fiber services and 5G mobile offerings.
- Reuters13:11 Trump cuts threaten free vaccine program for kids amid measles outbreak
-Dr. Ali Sherif normally gives about 50 doses of the measles vaccine to children each month at his clinic in Hobbs, New Mexico, near the Texas state line.
- Reuters13:11 Google, X next targets as Europe stays tough on tech regulation
-Alphabet's Google and Elon Musk's X may be the next to face fines from European regulators, as they stay tough on Big Tech despite concerns of retaliatory U.S. tariffs, according to three sources with direct knowledge of the matter.
- Reuters12:35 Apple fined $570 million and Meta $228 million for breach of EU law
-Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.
- Reuters12:10 Democratic lawmakers question Justice Department over warning to fired official
-Democratic lawmakers on Wednesday pressed the U.S. Justice Department to explain its decision to dispatch armed agents to deliver a letter warning a fired employee about her planned testimony before members of Congress.
- Reuters12:10 Tariffs may mean more US steel jobs. Will there be workers to fill them?
-Thomas Reisinger commutes almost an hour-and-a-half each way for a job in a cavernous steel processing plant here.
- Reuters10:56 Top Indian funds bet on domestic sectors to lead market rebound amid global jitters
-India's top investment funds are pivoting inward, betting on the resilience of the domestic economy and a rebound in corporate earnings, while retreating from export-driven bets amid escalating global trade tensions.
- Reuters09:57 European shares rise on SAP earnings, Trump's Fed backflip
-European shares climbed on Wednesday, boosted by strong earnings from Europe's largest software maker SAP, while U.S. President Donald Trump's backflip from threats to dismiss Federal Reserve Chair Jerome Powell provided relief to investors.
- Reuters08:40 Brazil urging tougher emissions goals ahead of climate summit, sources say
-Brazil, which hosts this year's United Nations climate summit, has a main goal of persuading Europe, China and other developing economies to commit to cutting greenhouse gas emissions enough to keep global warming well below 2 degrees Celsius, three people with knowledge of the country's plans told Reuters.
- Reuters08:17 Yale University explores sale of private equity fund interests
-Yale University said on Tuesday it was exploring a sale of private equity fund interests and was being advised by investment banking firm Evercore.
- Reuters08:17 Exclusive: China EV giant BYD reboots Europe operations after strategic stumbles, sources say
-China's leading EV maker BYD is overhauling its European operations after strategic missteps including failures to sign up enough dealers and hire executives with local-market knowledge and to offer hybrids in markets resistant to fully electric vehicles, six current and former BYD executives said.
- Reuters07:51 Switzerland flexes financial muscle ahead of tariff date in Washington
-Top Swiss officials will this week test whether big commitments to the U.S. can help secure relief from import tariffs, after pharma giant Roche followed its cross-town rival Novartis in announcing major investments in the United States.
- Reuters07:41 Trade war and safety concerns take centre stage at Shanghai auto show
-China's annual major auto shows have become a showcase for the rise of ever-cheaper, better-performing electric vehicles and more confident local brands in the world's biggest market for cars.
- Reuters07:41 Mercedes CEO urges EU to find equitable solution to China-made EV tariff dispute
-Mercedes-Benz CEO Ola Källenius said on Wednesday the German automaker was urging the European Union to find an "equitable solution" to create a level-playing field for China-made electric vehicles in Europe.
- Reuters05:59 Dollar surges then steadies as Trump backs down on Fed attacks
-The U.S. dollar rose sharply and then steadied on Wednesday as President Donald Trump backed away from threats of firing Federal Reserve Chair Jerome Powell in a relief to investors while optimism around trade deals lifted beaten down sentiment.
- Reuters04:21 Woodside's shares gain as first-quarter revenue fuels up, beating expectations
-Shares of Australia's Woodside Energy were up nearly 4% on Wednesday after the gas producer posted first-quarter revenue above estimates.
- Reuters04:21 South Korea to seek speedy solution on auto tariffs in US trade talks
-South Korea's Industry Minister Ahn Duk-geun said on Wednesday that Seoul will seek a speedy solution over auto tariffs in trade talks with U.S. counterparts and is also prepared for the prospect of Washington bringing up the issue of defence costs.
- Reuters03:43 Focus: Hyundai Steel's $6 bln US investment draws investor ire, tests Seoul's tariff strategy
-In late March, as investors kept hammering Hyundai Steel shares after the South Korean steelmaker announced a $6 billion investment in the U.S., the company organised a call with a dozen investors to calm nerves over the project that lacked detailed funding plans.
- Reuters03:43 Musk says Tesla's Optimus humanoid robots affected by China's export curbs on rare earths
-Tesla CEO Elon Musk said on Tuesday that the production of its Optimus humanoid robots had been affected by China's export restrictions of rare earth magnets.
- Reuters03:41 Stocks, dollar rebound in Asia as Trump steps back
-Stock markets were enjoying a much-needed relief rally in Asia on Wednesday after President Donald Trump said he had no plans to fire the head of the Federal Reserve, and hinted at lower tariffs for China.
- Reuters03:41 Bessent sees de-escalation in US-China trade tensions, talks to be 'a slog'
-U.S. Treasury Secretary Scott Bessent said on Tuesday that he believes there will be a de-escalation in U.S.-China trade tensions, but negotiations with Beijing have not yet started and would be a "slog," according to a person who heard his closed-door presentation to investors at a JP Morgan conference.
- Reuters01:50 Ovechkin thriving in spotlight as Capitals make winning start to playoffs
-Alex Ovechkin, who recently surpassed Wayne Gretzky for the most goals in NHL history, has no desire to step out of the spotlight as evidenced by the inspired performance he delivered in the Washington Capitals' opening game of the Stanley Cup playoffs.
- Reuters01:33 US to phase out many synthetic food dyes, Kennedy and FDA head say
-Health Secretary Robert F. Kennedy Jr. and FDA Commissioner Marty Makary said on Tuesday that the agency plans to remove petroleum-based synthetic food dyes from the U.S. food supply by revoking authorizations of some and working with industry to voluntarily remove others.
- Reuters01:33 Florida sues Snapchat owner for allegedly addicting children, deceiving parents
-Florida sued Snap , the owner of photo-sharing app Snapchat, on Tuesday, accusing it of illegally employing features that addict children and opening accounts for children age 13 and younger.
- Reuters01:33 Tesla CEO Elon Musk dreams big but often delivers late
-Tesla CEO and billionaire entrepreneur Elon Musk has a long history of making ambitious promises and often delivering late. Many of his biggest ideas are still in the works.
- Reuters23:51 Elliott wants BP to boost free cash flow to $20 billion by 2027, source says
-Activist investor Elliott Management has urged BP to boost its free cash flow to $20 billion by 2027 from around $8 billion last year through significant spending cuts and cost reductions, a source familiar with the situation said on Tuesday.
- Reuters23:51 Bank of America's shareholders OK executive compensations, elect directors
-Bank of America shareholders voted on Tuesday to approve pay packages for CEO Brian Moynihan and the lender's top executives, and also elected its 14 directors on the board.
- Reuters23:51 IMF slashes global outlook as White House says trade talks pick up pace
-Worldwide economic output will slow in the months ahead as U.S. President Donald Trump's steep tariffs on virtually all trading partners begin to bite, the International Monetary Fund said on Tuesday as global finance chiefs swarmed Washington seeking deals with Trump's team to lower the levies.
- Reuters23:42 Capital One's first-quarter profit rises on higher interest income
-Capital One Financial reported a rise in first-quarter profit on Tuesday, as the consumer lender was helped by a higher income from interest payments on its credit card debt.
- Reuters23:42 German software maker SAP beats operating profit estimates for first quarter
-German software maker SAP on Tuesday reported an adjusted operating profit of 2.5 billion euros ($2.86 billion) for the first quarter of the year that came in above analysts' estimates.
- Reuters23:42 Baker Hughes beats first-quarter profit on strong demand for natural gas technology
-U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for first-quarter profit on Tuesday, helped by robust demand for natural gas technology.
- Reuters22:57 Ukraine presses for ceasefire as Russia reported to offer concession
-Ukrainian President Volodymyr Zelenskiy on Tuesday said he was prepared to negotiate with Russia "in any format" once a ceasefire takes hold while the Financial Times reported that Russian President Vladimir Putin has offered to halt Moscow's invasion at the current frontlines.
- Reuters22:57 Barrick Gold sells Alaska mine stake to John Paulson, NovaGold for up to $1.1 billion
-Canada's Barrick Gold said on Tuesday it will exit the Donlin gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion.
- Reuters22:57 Google opts out of standalone prompt for third-party cookies
-Alphabet's Google said on Tuesday it will not be rolling out a new standalone prompt for third-party cookies and will retain the tiny packets of code in its Chrome browser.
- Reuters22:56 FX firm Argentex shares suspended after volatility-induced margin calls
-Shares of British currency risk management company Argentex were suspended from trading on Tuesday after the company said its liquidity had significantly worsened due to the sharp fall in the U.S. dollar.
- Reuters22:56 Tesla's first-quarter auto margin beats estimates, but revenue misses
-Tesla reported better-than-expected profitability for its auto business in the first quarter but revenue fell short of expectations as sales of its electric vehicles dropped.
- Reuters21:54 Democratic state treasurers raise concerns over Musk's lack of focus on Tesla
-Treasurers of seven U.S. states have raised concerns about Tesla CEO Elon Musk's lack of focus on the electric vehicle maker, given its significance in regional industries, innovation and employment.
- Reuters21:54 Tesla shorts up $11.5 billion for the year with positioning bearish
-Tesla short sellers are up an estimated $11.5 billion for the year-to-date and positioning is bearish going into the electric vehicle maker's quarterly results due after market close, according to the latest report from S3 Partners.
- Reuters21:54 CBS News' '60 Minutes' producer Bill Owens to step down
-Bill Owens, the long-time executive producer of CBS News' "60 Minutes", is stepping down due to concerns about editorial independence, according to an internal memo seen by Reuters on Tuesday.
- Reuters21:53 Jury finds NY Times not liable in Sarah Palin defamation case
-A federal jury in Manhattan on Tuesday found the New York Times not liable for allegedly defaming Sarah Palin in a 2017 editorial about gun control, dealing the former Republican U.S. vice presidential candidate a second loss at trial.
- Reuters21:53 US Treasury Secretary says situation with China is unsustainable, source says
-U.S. Treasury Secretary Scott Bessent on Tuesday said that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate, a source familiar said.
- Reuters21:53 Breakingviews - Crafty CEOs peek around tariff corners
-There are many reasons to dump U.S. stocks, but even in bad markets there are good opportunities. In these trade-ravaged times, some companies have positioned themselves, relatively speaking, to ride out the turmoil, for a while at least.
- Reuters19:26 Google declined OpenAI bid for partnership, exec testifies at trial
-Alphabet's Google shot down a bid by OpenAI to use its search technology within ChatGPT, an OpenAI executive testified on Tuesday at Google's antitrust trial in Washington.
- Reuters16:57 Wall St bounces back after selloff as investors focus on earnings
-Wall Street's main indexes recovered some ground on Tuesday as investors focused on corporate earnings after President Donald Trump's mounting criticism of Federal Reserve Chair Jerome Powell led to a sharp selloff in the previous session.
- Reuters22/04 Brazil's would-be cocoa king aims to revolutionize industry with giant farm
-In the Brazilian state of Bahia, farmer Moises Schmidt is developing the world's largest cocoa farm.
- Reuters22/04 Focus: Trump looking at cutting US drug prices to international levels, sources say
-Drugmakers have been warned that the Trump Administration is considering linking U.S. medicine prices to lower amounts paid by other developed countries, according to two company sources who called the option the pharmaceutical industry's top concern.
- Reuters22/04 Breakingviews - Macquarie gives masterclass in following the money
-So much for sacred cows. Often, companies are tempted to hold on to an underperforming operation because the boss was instrumental in either creating it or building it. Such sentimentality has little place at Macquarie . Boss Shemara Wikramanayake helped start and later expand the Australian financial powerhouse's money management business. In a refreshingly dispassionate move, she's now selling t
- Reuters22/04 Burnley and Leeds United both promoted to Premier League
-Burnley beat Sheffield United 2-1 to seal automatic promotion to the Premier League on Saturday with the result also sending Championship leaders Leeds United up alongside them.
- Reuters22/04 In Dubai's Gold Souk, bullion's record run brings little joy for jewellers
-In the bustling Gold Souk in Dubai, dubbed the "City of Gold", 22-karat gold jewellery is a traditional favourite for weddings, religious celebrations, and as a family investment.
- Reuters22/04 Helvetia and Baloise to merge, creating Switzerland's second-biggest insurance group
-Helvetia and Baloise said on Tuesday that they plan to merge, creating Switzerland's second-largest insurance group with a combined market share of about 20%.
- Reuters22/04 Gulf issuers plan more debt sales, undeterred by recent market turmoil, sources say
-Gulf issuers, including Saudi Arabia's $925 billion sovereign wealth fund, are working on a round of bond offerings, according to sources, braving debt markets despite recent turmoil ignited by U.S. President Donald Trump's tariff policies.
- Reuters22/04 Breakingviews - Why a defence boss could boost Europe’s revival
-How to spend 640 billion euros? That’s the amount that European governments, including Britain, would pour each year into their militaries if they make good on their stated intention to beef up defence spending to 3% of GDP. Finding the money is the immediate challenge, given weak growth and heavy debt loads in many countries. A longer-term task is making sure that all the extra investment follows
- Reuters22/04 Roche to invest $50 billion in United States over next five years
-Roche on Tuesday said it will invest $50 billion in the United States over the next five years, in one of the biggest inward investment moves by companies dealing with President Donald Trump's tariffs policy.
- Reuters22/04 China's Nio delays Europe launch of Firefly EV to third quarter
-China's Nio said on Tuesday it would launch its Firefly electric vehicle in Europe in the third quarter, later than initially forecast, after it underestimated challenges involved in sales and service network expansions in the region.
- Reuters22/04 Exclusive: LG, Samsung sue Indian government over electronic-waste pricing policy
-South Korea's LG and Samsung have sued India's government to quash a policy which increases payouts to electronic-waste recyclers, court filings show, joining other major companies in contesting the country's environmental rules citing business impact.
- Reuters22/04 Asia fights drag from Wall St as US assets buckle
-Asian stock markets fought to hold their footing on Tuesday after a furious flight from U.S. assets undermined Wall Street and the dollar, while concerns about the independence of the Federal Reserve piled fresh pressure on Treasuries.
- Reuters22/04 Tesla settles wrongful death lawsuit claiming sudden acceleration in Ohio crash
-Elon Musk’s electric vehicle company Tesla has agreed to settle a wrongful death lawsuit filed by the estate of a man who was killed in 2021 after his Tesla crashed and caught fire near Dayton, Ohio.
- Reuters22/04 US finalizes tariffs on Southeast Asian solar imports
-The tariffs unveiled on Monday vary widely depending on the company and country.
- Reuters22/04 Advisory firms Baker Tilly and Moss Adams set to merge in $7 billion deal
-Baker Tilly said on Monday that it will merge with Seattle's Moss Adams in a $7 billion deal that will create the sixth-largest advisory CPA firm in the United States.
- Reuters22/04 Chipotle plans Mexican foray with first outlet in 2026
-Chipotle Mexican Grill is expanding internationally with a location in Mexico that is set to open early next year, it said on Monday, bringing its tacos and burritos to the region for the first time.
- Reuters22/04 Texas Walmart shooter who killed 23 avoids death penalty by pleading guilty
-The gunman who killed 23 people and injured 22 others in a 2019 mass shooting aimed at Latinos at a Texas Walmart pleaded guilty to murder on Monday and was sentenced to life in prison without possibility of parole, prosecutors said.
- Reuters21/04 Shopify must face data privacy lawsuit in US
-A U.S. appeals court on Monday revived a proposed data privacy class action against Shopify , a decision that could make it easier for American courts to assert jurisdiction over internet-based platforms.
- Reuters21/04 Breakingviews - US markets’ crisis point hinges on a triple threat
-A selloff in U.S. stocks, long-term government bonds and the dollar clearly traces back to policy choices by President Donald Trump's administration. Recent moves spawn a trio of worries: first, that a trade war will hit business and destabilize the United States' role in the world; second, that a $4.5 trillion tax cut plan could explode an already-historic fiscal deficit; and, finally, that press
- Reuters21/04 FTC accuses Uber of misleading subscribers
-The U.S. Federal Trade Commission on Monday sued Uber Technologies , accusing it of signing up some Uber One subscribers without their knowledge and making deceptive claims about the service.
- Reuters21/04 Trump to meet major retailers to discuss tariffs, White House official says
-U.S. President Donald Trump is set to meet with representatives from major retailers on Monday afternoon to discuss the effects of broad-based tariffs on their businesses, a White House official said.
- Reuters21/04 Gilead says Trodelvy-Keytruda combo effective for aggressive breast cancer type
-Gilead Sciences said on Monday a late-stage study showed that its drug Trodelvy used in combination with Merck's immunotherapy Keytruda significantly slowed disease progression in patients with an aggressive type of breast cancer.
- Reuters21/04 Walgreens to pay $300 million in US opioid settlement
-Walgreens has agreed to pay $300 million to settle U.S. prosecutors' allegations that it illegally filled millions of invalid prescriptions for opioids and other controlled substances, the U.S. Justice Department said on Monday.
- Reuters21/04 China's CATL launches new sodium-ion battery brand
-China's CATL on Monday launched a new brand for its sodium-ion batteries, Naxtra, which it said would go into mass production in December, and a second generation of its fast-charging battery for electric cars.
- Reuters21/04 GameStop CEO must face Bed Bath & Beyond lawsuit
-Ryan Cohen, the billionaire chief executive of GameStop , must face a lawsuit by the company once known as Bed Bath & Beyond to recoup $47.2 million of profit from trading its stock before the home goods retailer went bankrupt.
- Reuters21/04 Malaysia Airlines eyes new Boeing jets should China reject them
-Malaysia Airlines' parent company, Malaysia Aviation Group, is talking to Boeing about acquiring new jets that become available if Chinese airlines stop taking deliveries, its managing director told Malaysian state news outlet Bernama.
- Reuters21/04 Boeing eases latest 737 MAX headache - a shortage of nuts and bolts
-Boeing has secured new stocks of specialized nuts and bolts that hold together its top-selling commercial jet, two industry sources told Reuters, avoiding for now any slowdown in U.S. plane production due to a fire at a key supplier's factory.
- Reuters21/04 Google faces trial in US bid to end search monopoly
-Alphabet's Google faces a historic trial on Monday as U.S. antitrust enforcers in Washington seek to force the tech giant to sell off its Chrome browser as part of a bid to restore competition to the market for online search engines.
- Reuters21/04 Exclusive: Huawei readies new AI chip for mass shipment as China seeks Nvidia alternatives, sources say
-Huawei Technologies (HWT.UL) plans to begin mass shipments of its advanced 910C artificial intelligence chip to Chinese customers as early as next month, two people familiar with the matter said.
- Reuters21/04 Republican lawmakers face clean-energy conundrum as they work on tax bill
-Major clean energy investments in their districts are at odds with Trump's skepticism of the industry.
- Reuters21/04 After Pope Francis' death, focus turns to cardinals who will elect next pontiff
-With the death of Pope Francis, announced by the Vatican on Monday, Roman Catholics around the globe will start speculating on who among the red-robed cardinals will succeed him.
- Reuters21/04 Nintendo faces trade war test with Switch 2 launch
-Nintendo's Switch became a source of much-needed escapism during pandemic restrictions. Now, the Japanese video game company faces the harsh reality of a brutal trade war as it launches its successor device.
- Reuters21/04 At China auto show, EV makers to grapple with autonomous-tech crackdown, launch Tesla 'killers'
-More than 70 Chinese and international automotive brands will showcase more than 100 new or refreshed models at the Shanghai auto show this week, intensifying already cutthroat competition in the world's premier market for electric vehicles and hybrids.
- Reuters21/04 Singapore's Keppel gets $1.5 billion in capital commitments for its funds
-Keppel , a Singapore-based manager and operator of assets such as data centres, said on Monday that it has secured close to S$2.0 billion ($1.53 billion) of capital commitments from global institutional investors for its flagship funds.
- Reuters21/04 Vietnam central bank preparing restructuring plan for troubled lender SCB
-Vietnam's central bank is drafting a plan to restructure the troubled Saigon Joint Stock Commercial Bank, the lender at the centre of the country's biggest financial fraud on record, local media reported.
- Reuters21/04 China's JD.com calls out anti-competitive pressures on food delivery couriers
-Chinese e-commerce giant JD.com highlighted anti-competitive pressures on food delivery couriers in a social media post on Monday, alleging that other platforms were coercing couriers to avoid working with JD Takeaway.
- Reuters21/04 Second Boeing jet starts return from China, tracker shows
-The jet appears to be another victim of the tit-for-tat bilateral tariffs launched by Trump.
- Reuters21/04 Stocks and dollar slide as Trump's Fed attacks jangle nerves
-Asian equities and U.S. stock futures slid on Monday while the dollar slumped, as anxiety over tariffs and public criticism of the Federal Reserve by President Donald Trump hit sentiment, leading gold prices to a new high.
- Reuters21/04 India's Modi to host JD Vance in Delhi under US tariffs shadow
-U.S. Vice President JD Vance begins a four-day visit to India on Monday and will hold talks with Prime Minister Narendra Modi, as New Delhi rushes to avoid steep U.S. tariffs with an early trade deal and boost ties with the Trump administration.
- Reuters20/04 Man United domestic misery continues with loss to Wolves
-Manchester United slumped to a 15th Premier League loss of the season.
- Reuters20/04 DHL to suspend global shipments of over $800 to US consumers
-DHL Express, a division of Germany's Deutsche Post , said it would suspend global business-to-consumer shipments worth over $800 to individuals in the United States from April 21, as U.S. customs regulatory changes have lengthened clearance.
- Reuters20/04 Boeing jet returns to US from China, a victim of Trump's tariff war
-A Boeing jet intended for use by a Chinese airline landed back at the planemaker's U.S. production hub on Sunday, a victim of the tit-for-tat bilateral tariffs launched by President Donald Trump in his global trade offensive.
- Reuters19/04 Trump to fast-track permitting for 10 mining projects across US
-The White House on Friday said it will fast-track permitting for 10 mining projects across the United States as part of President Donald Trump's push to expand critical minerals production.
- Reuters19/04 Bankers get creative to sign M&A deals in Trump's trade war
-Deal sweeteners and clauses protecting against slumping markets abound.
- Reuters19/04 Wall St Week Ahead Busy US earnings week confronts market grappling with tariff fallout
-A heavy slate of U.S. company results in the coming week will test a stock market shaken by a U.S. trade policy overhaul that upended the outlook for the global economy and corporate America.
- Reuters19/04 Buick finally had cars Americans wanted to buy - then came tariffs
-Buick’s three most popular models are made outside the U.S. That means all three are now subject to stiff tariffs that could add thousands to sticker prices on dealer lots in the U.S.
- Reuters18/04 Ford halts shipments of vehicles to China amid tariffs
-Ford Motor said on Friday it has halted shipments of its SUVs, pick-up trucks and sports cars to China, as it starts to face the heat from retaliatory tariffs that have seen vehicles face taxes as high as 150%.
- Reuters18/04 Tesla settles Black employee's lawsuit alleging pervasive harassment
-Tesla has settled a racial discrimination lawsuit by a Black female employee who claimed a manager at its Fremont, California, plant sometimes greeted workers by saying "welcome to the plantation" or "welcome to the slave house."
- Reuters18/04 Exclusive: Tesla to delay US launch of affordable EV, a lower-cost Model Y, sources say
-Tesla's much-awaited plans for an affordable car include a stripped-down version of its best-selling electric SUV, the Model Y, that will be made in the United States, but the production launch has been delayed, three sources with knowledge of the matter told Reuters.
- Reuters18/04 Japan's Watanuki feels the love from Pepsi after mid-match swig
-Japanese tennis player Yosuke Watanuki's mid-match craving for a fizzy drink at Indian Wells last month has put him firmly him on Pepsi's radar, with the beverage giant showing the effervescent player its appreciation with personalised gifts this week.
- Reuters18/04 Horner says Verstappen will be at Red Bull in 2026
-Max Verstappen will be racing for Red Bull next season and there is no crisis at the Formula One team, principal Christian Horner said on Friday as speculation swirled about the champion's future.
- Reuters18/04 Chevron and other companies exit Egypt’s Red Sea concessions, redirect resources
-A number of multinational oil and gas companies including Chevron have exited their Red Sea oil and gas concession blocks after making no finds and have channelled their resources elsewhere in the country, the Egyptian petroleum ministry said.
- Reuters18/04 Japan's Nikkei notches best week in 3 months on trade deal hopes
-Japan's Nikkei share average rose 1% on Friday to clock its best week in three months, as investors turned more hopeful that U.S. President Donald Trump would be able to broker trade deals with some of its top trading partners, including Japan.
- Reuters18/04 Exclusive: Toyota weighs adding US production of new RAV4 in response to tariffs, sources say
-Toyota is considering producing the next version of its top-selling RAV4 SUV in the United States, three people familiar with the matter said, becoming the latest automaker to rethink supply chains to lessen the hit from U.S. tariffs on imported vehicles.
- Reuters18/04 Over 170 arrested for attacks on Pakistan KFC outlets in Gaza war protests
-Police have arrested scores of people in Pakistan in recent weeks after more than 10 mob attacks on outlets of U.S. fast-food chain KFC, sparked by anti-United States sentiment and opposition to its ally Israel's war in Gaza, officials said.
- Reuters18/04 Exclusive: India plans to ease nuclear liability laws to attract foreign firms, sources say
-India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure.
- Reuters18/04 'For a moment, we could forget the season we are having' - Amorim
-Domestically, Manchester United have endured a miserable campaign.
- Reuters18/04 Maguire's 121st minute winner sends Man Utd through to Europa League semis
-United are now the first team in history to score two goals in the 120th minute of a major European match.
- Reuters18/04 New 'Star Wars' movie with Ryan Gosling set for 2027
-Oscar-nominated actor Ryan Gosling will star in a new "Star Wars" film that will reach movie theaters in May 2027, Walt Disney's Lucasfilm announced on Thursday.
- Reuters18/04 Trump signals tit-for-tat China tariffs may be near end; TikTok deal on ice
-U.S. President Donald Trump on Thursday signaled a potential end to the tit-for-tat tariff hikes between the U.S. and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait.
- Reuters18/04 Exclusive: Intel CEO Lip-Bu Tan streamlines leadership team, names new technology chief, memo says
-Intel's new CEO, Lip-Bu Tan, is streamlining the semiconductor giant's leadership team, with important chip groups reporting directly to him, according to a memo from Tan seen by Reuters.
- Reuters18/04 Mangione faces federal charges, death penalty in UnitedHealth executive's killing
-A federal grand jury has indicted Luigi Mangione, who is accused of murdering a UnitedHealth Group executive in New York last year, allowing prosecutors to seek the death penalty in his case, according to court filings on Thursday.
- Reuters18/04 Diego Luna feels he will need therapy after farewell to 'Andor' show
-For actor Diego Luna, Season Two of the Disney Plus series "Andor," based on the "Star Wars" franchise, correlates with real-life sociopolitical issues that go beyond the show.
- Reuters18/04 Ford recalls more than 148,000 vehicles, NHTSA says
-Ford Motor is recalling more than 148,000 vehicles in the United States as part of two recalls, the National Highway Traffic Safety Administration said on Thursday.
- Reuters18/04 Tesla speeds up odometers to avoid warranty repairs, US lawsuit claims
-Tesla faces a proposed class action claiming it speeds up odometers on its electric vehicles so they fall out of warranty faster, saving Elon Musk's company from having to pay for repairs.
- Reuters18/04 LVMH's Arnault lashes out at Brussels over US trade tensions
-European governments urgently need to ease tensions with the United States over President Donald Trump's tariffs, LVMH CEO Bernard Arnault said on Thursday, adding it would be "Brussels' fault" if no solution is found.
- Reuters17/04 More than 40% of Puerto Rico customers without power after island-wide blackout
-Nearly half of the homes and businesses in Puerto Rico that receive electricity from the commonwealth's main utility were still without power on Thursday, a day after a widespread blackout struck the island, Luma Energy said in a statement.
- Reuters17/04 Explainer: What does ruling on Google's illegal ad tech monopoly mean?
-A U.S. judge's ruling that Google has illegal monopolies in ad technology sets up the possibility of U.S. prosecutors seeking a breakup. Here's what the case involves and what Google owner Alphabet faces from here.
- Reuters17/04 Trump says he is 100% confident on Europe trade deal
-U.S. President Donald Trump and Italian Prime Minister Giorgia Meloni each expressed confidence on Thursday that the United States and Europe will be able to negotiate a trade deal before his 90-day pause on some tariffs ends.
- Reuters17/04 Trump Media presses US regulator to investigate short positions in its stocks
-The media company majority owned by President Donald Trump, Trump Media & Technology Group , said on Thursday it had asked the U.S. Securities and Exchange Commission (SEC) to investigate a recent short position in its stocks.
- Reuters17/04 Trump order to halt NY wind project stuns offshore industry, threatens other projects
-The Trump administration's decision to halt construction of Equinor's Empire Wind 1 farm off the coast of New York late on Wednesday sent shockwaves through the offshore wind industry, raising concerns that fully-permitted developments representing billions in investment are not safe.
- Reuters17/04 Netflix quarterly results beat Wall St targets, revenue outlook upbeat
-Netflix exceeded Wall Street expectations for quarterly results and offered a bullish revenue outlook on Thursday, signaling confidence amid the economic uncertainty surrounding President Donald Trump's erratic tariff plans.
- Reuters17/04 US airlines struggle to forecast their business in worsening economic fog
-President Donald Trump's trade war has created the biggest uncertainty for U.S. airlines since the COVID pandemic.
- Reuters17/04 Lockheed Martin CFO Malave departs, insider Scott takes over
-Lockheed Martin on Thursday announced the departure of its finance chief, Jesus Malave, and named longtime insider Evan Scott as his successor, effective immediately.
- Reuters17/04 Breakingviews - Defiance of US Supreme Court is tricky to price
-Beyond advantages in geography, resources and demographics, the United States’ economic might depends upon the predictable rule of law. Key to its function is the co-equal status of the executive branch, legislature and judiciary. By flouting a unanimous Supreme Court ruling that it return a wrongfully deported man, U.S. President Donald Trump’s administration threatens that framework. If this pus
- Reuters17/04 Lilly weight-loss pill works as well as Ozempic, shares surge
-Eli Lilly's experimental pill worked as well as blockbuster drug Ozempic to lower weight and blood sugar in a trial of diabetes patients, and the company said it expects to seek regulatory approvals by the end of the year.
- Reuters17/04 Spirit Airlines names new CEO after emerging from bankruptcy
-Spirit Airlines on Thursday appointed Dave Davis as its new chief executive officer, weeks after the U.S. discount carrier emerged from bankruptcy and reconstituted its board.
- Reuters17/04 Boeing delivery plant in China latest hot spot in tariff war
-Boeing faced new questions over the impact of tariffs on exports to China on Thursday as the spotlight fell on the fate of jets waiting at an aircraft completion plant near Shanghai.
- Reuters17/04 Drake attacks Lamar's Super Bowl performance in lawsuit against record label
-Drake expanded his defamation lawsuit against Universal Music Group, saying more people were duped into believing he was a pedophile after rapper Kendrick Lamar performed "Not Like Us" during the Super Bowl halftime show and the Grammy Awards.
- Reuters17/04 US judge finds Google holds illegal online ad tech monopolies
-Alphabet's Google illegally dominated two markets for online advertising technology, a federal judge said on Thursday, dealing another blow to the tech titan in an antitrust case brought by the U.S.
- Reuters17/04 Oil set for weekly rise after new Iran sanctions
-Oil prices rose to the highest in two weeks on Thursday amid low liquidity ahead of the Easter holidays after the United States imposed new sanctions to curb Iranian oil exports, elevating supply concerns.
- Reuters17/04 UnitedHealth shares tank after earnings miss, forecast cut as medical care costs soar
-UnitedHealth Group surprised investors with what its CEO said was an "unusual and unacceptable" quarterly earnings miss, and it lowered its outlook for the full year due to higher-than-expected medical costs, sparking a 17% selloff in shares that reverberated across the sector.
- Reuters17/04 Russian barriers to re-entry stymie prospects of Western companies' return
-Three months after U.S. President Donald Trump returned to the White House promising a swift end to the conflict in Ukraine and sparking an early flurry of excitement that Western companies could come flooding back to Russia, realism has set in.
- Reuters17/04 Breakingviews - Barclays’ Brookfield schmuck insurance may flop
-Barclays has constructed an elaborate schmuck-insurance policy as part of its plan to possibly hive off its payments business. On Thursday, the 40-billion-pound UK bank announced a deal that could give Brookfield Asset Management 10% of the division in return for the private-capital group's help in growing the unit, as well as the chance to buy 70% more at a yet-to-be-decided valuation in three to
- Reuters17/04 Global shippers await word on US plan to hit China-linked vessels with port fees
-The U.S. Trade Representative's office will announce its plan on Thursday for levying port fees on China-linked ships as part of President Donald Trump's effort to revive domestic shipbuilding and counter China's dominance on the high seas.
- Reuters17/04 Breakingviews - Buyout barons are finance now, for good and ill
-Private equity is supposed to be patient when public markets panic. Yet for shareholders in Blackstone , KKR , Apollo Global Management and Carlyle , it’s proving hard not to get swept up. The buyout barons, now self-styled as alternative asset managers, claim to represent a new and in many ways superior answer to traditional financial business models. The stock market, though, hasn’t reflected th
- Reuters17/04 LVMH shareholders agree Bernard Arnault can remain CEO until he is 85
-LVMH shareholders on Thursday voted to allow Bernard Arnault, 76, to remain at the helm of the world's largest luxury group until he's 85.
- Reuters17/04 Trump takes fight with AP over White House access to US appeals court
-President Donald Trump’s administration will ask a U.S. federal appeals court on Thursday to pause a judge’s ruling lifting access restrictions the White House imposed on the Associated Press for referring to the Gulf of Mexico in its coverage.
- Reuters17/04 United Airlines banks on premium, international travel to ease trade war gloom
-United Airlines said on Wednesday it expects its financial performance to remain resilient despite economic uncertainty stemming from new tariffs, citing demand for high-margin premium offerings and international travel.
- Reuters17/04 Jonathan Anderson will create June collection for Dior Men's Fashion, LVMH CEO says
-Jonathan Anderson will create the June collection for Dior Men's Fashion, LVMH CEO Bernard Arnault said on Thursday at the group's annual meeting with shareholders.
- Reuters17/04 Exclusive: Musk's SpaceX is frontrunner to build Trump's Golden Dome missile shield
-Elon Musk's SpaceX and two partners have emerged as frontrunners to win a crucial part of President Donald Trump's "Golden Dome" missile defense shield, six people familiar with the matter said.
- Reuters17/04 BP leadership faces shareholder vote amid Elliott campaign, climate ire
-BP's board is up for re-election at its annual general meeting on Thursday as the group faces activist shareholder Elliott Management and climate-focused investors who have called for a vote against Chairman Helge Lund.
- Reuters17/04 Europeans, Ukrainians to make their case as Rubio and Witkoff visit Paris
-Top Ukrainian officials made a previously unannounced visit to Paris.
- Reuters17/04 Pernod's sales miss forecasts as tariffs weigh on spirits sector
-Pernod Ricard reported a 3% decline in third-quarter sales on Thursday, missing forecasts as tariff uncertainty rocks the already-struggling spirits sector.
- Reuters17/04 Hermes will raise U.S. prices to fully offset Trump's tariffs, company says
-France's Hermes will fully shift the burden of tariffs in the United States to its wealthy clientele, the company said on Thursday, as it posted first-quarter sales that slightly missed market expectations.
- Reuters17/04 Ghana government takes control of Gold Fields' Damang mine, lands ministry says
-Ghana's government has assumed operational control of Gold Fields' Damang mine after it rejected an application from the South African company to renew its lease, the ministry of lands and natural resources said in a statement on Wednesday.
- Reuters17/04 Kenya land standoff sends warning to foreign-owned tea estates
-A dispute between a British-owned tea plantation and a local community in western Kenya has come to the boil in what could be a sign of turbulent times ahead for tea producers facing a growing backlash over colonial-era injustices.
- Reuters17/04 TSMC quarterly profit jumps, upbeat on outlook despite tariff uncertainty
-Taiwan's TSMC , the world's largest contract chipmaker, logged a forecast-beating 60% leap in quarterly profit and said it still expects robust growth this year despite U.S. President Donald Trump's unpredictable trade policies.
- Reuters17/04 Cut shifts or ramp up output? Vietnam's exporters face dilemma amid tariff chaos
-There has been a chaotic reaction by exporters in the Southeast Asian industrial hub.
- Reuters17/04 Forvia on track to mitigate full exposure to US tariffs, CEO says
-Forvia has so far mitigated about 50% of its estimated exposure to U.S. tariffs and is on track to cover the rest, the French automotive supplier's CEO Martin Fischer said in a call on Thursday.
- Reuters17/04 Exclusive: Moscow plans to use seized US-owned company to feed Russian army, document shows
-Canned food maker Glavprodukt, which was seized in October and is the only American-owned firm to be taken under state control, has been caught in the crosshairs.
- Reuters17/04 India's BluSmart, rival of Uber, suspends operations after co-founder probed
-Indian electric cab service BluSmart, seen as a rival to Uber, suspended services on Thursday, days after a market regulator's investigation found a co-founder misused funds at an affiliate company and bought a luxury apartment with money allocated for electric vehicles.
- Reuters17/04 China bans 'smart' and 'autonomous' driving terms from vehicle ads
-China is banning automakers from using the terms "smart driving" and "autonomous driving" when they advertise driving assistance features, and it will tighten scrutiny of such technology upgrades.
- Reuters17/04 Morning Bid: No surprise at Japan talks, except Trump
-A look at the day ahead in European and global markets from Rocky Swift
- Reuters17/04 Breakingviews - Tariffs gone wild yield unbridled earnings outlook
-For corporate bean counters, foolish consistency may prove the hobgoblin of little minds. President Donald Trump’s on-again-off-again, tit-for-tat tariff agenda is causing havoc in the C-suite as companies struggle to both evaluate and communicate the damage to the bottom line. With so much up in the air, though, they can probably relax: from Walmart to Delta Air Lines , the ordinarily delicate sc
- Reuters17/04 Litmus test for chip stocks as investors gird for TSMC earnings
-Investors are bracing for the results from Taiwan's TSMC on Thursday to show further evidence of the wide-ranging uncertainty in the chip industry spurred by U.S. President Donald Trump's trade policies.
- Reuters17/04 Stocks, dollar on back foot as trade war, Powell comments weigh
-Asian stocks wavered on Thursday after Federal Reserve Chair Jerome Powell warned of the risk of slowing growth and rising prices due to tariffs, while the uncertainty around U.S. trade policies kept the dollar rooted near three-year lows.
- Reuters17/04 Ford Motor may hike prices if Trump's auto tariffs persist, memo says
-Ford Motor may raise prices on its new vehicles if U.S. President Donald Trump's auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters.
- Reuters17/04 More Japanese embracing foreign rice, even before it became a tariff topic
-When a severe rice shortage sent prices skyrocketing in Japan last year, Tokyo restaurant owner Arata Hirano did what had once seemed unthinkable: he switched to an American variety.
- Reuters17/04 US CDC advisers recommend lowering the age for RSV shots to 50-59 years
-The U.S. Centers for Disease Control and Prevention's panel of outside experts on Wednesday recommended the use of respiratory syncytial virus vaccines in younger adults who are at increased risk of severe illness from the virus.
- Reuters16/04 Trump's trade war ripples through the business world, hits stocks again
-The ripple effects of Donald Trump's global trade war are increasingly being felt across numerous industries all at once and on Wednesday were once again exerting pressure on U.S. stock markets that have been roiled for weeks by his erratic trade policies.
- Reuters16/04 Ex-CISA chief Chris Krebs leaving SentinelOne following Trump pressure
-Christopher Krebs, whom President Donald Trump fired as head of the Cybersecurity and Infrastructure Security Agency in 2020, said on Wednesday he is leaving cybersecurity company SentinelOne following pressure from Trump.
- Reuters16/04 Intel will need license to export AI chips to Chinese clients, FT reports
-American chipmaker Intel has informed Chinese clients it will start needing a license to sell some of its advanced artificial intelligence processors, the Financial Times reported on Wednesday.
- Reuters16/04 California sues Trump administration to block tariffs
-California on Wednesday filed a lawsuit seeking to block U.S. President Donald Trump's sweeping tariffs on foreign trading partners, accusing him of abusing his powers and inflicting financial harm on the state and nation.
- Reuters16/04 Wife of Peru's Humala arrives in Brazil for asylum as ex-president jailed
-Nadine Heredia, the wife of former Peruvian President Ollanta Humala, arrived in Brazil on Wednesday as the ex-leader spent the night in jail following a 15-year sentence for money laundering.
- Reuters16/04 Tesla's quarterly EV registrations slump 15% in key market California
-Tesla's electric-vehicle registrations in California dropped 15.1% during the first quarter, industry data showed, signaling an accelerated decline and growing challenges for the Elon Musk-led automaker in its biggest U.S. market.
- Reuters16/04 Meta trial: 5 key moments from Zuckerberg's testimony
-Meta Platforms CEO Mark Zuckerberg testified this week at a high-stakes trial in Washington where the U.S. Federal Trade Commission is seeking to unwind Meta's acquisitions of prized assets Instagram and WhatsApp.
- Reuters16/04 Barcelona's Leon receives two-match ban for inappropriate touch
-Barcelona defender Mapi Leon has been handed a two-match ban by Liga F for inappropriately touching Espanyol defender Daniela Caracas during the Catalan derby in February, the BBC reported on Wednesday.
- Reuters16/04 Man Utd's Amorim places trust in Onana against Lyon, Zirkzee out for season
-Andre Onana will return in goal for Manchester United's Europa League quarter-final second leg against Olympique Lyonnais despite his errors in the first leg but striker Joshua Zirkzee is out for the season, manager Ruben Amorim said on Wednesday.
- Reuters16/04 AMD flags $800 million hit from new US curbs on chip exports to China
-Advanced Micro Devices expects charges of up to $800 million due to the latest curbs by the Trump administration on exports of advanced processors to China, the company said on Wednesday.
- Reuters16/04 Breakingviews - ASML holds up lens to chip sector’s known unknowns
-ASML’s lithography machines are renowned for their unmatched precision in manufacturing semiconductors. The $260 billion company’s first-quarter results offer a similarly precise reflection of the deep uncertainty facing the global chip industry as it grapples with U.S. tariffs.
- Reuters16/04 US stock futures drop, Nvidia tumbles on new curbs on chip exports to China
-Wall Street index futures dropped on Wednesday and chip darling Nvidia slumped after the company flagged steep charges from new U.S. curbs on chip exports to China, fuelling worries about the fallout of an escalating trade war.
- Reuters16/04 Baby food makers are failing California’s lead standards, Reuters review shows
-Some baby food manufacturers are failing to meet California's standards for lead, which are the most stringent in the nation, according to a Reuters analysis of new test results released for the first time.
- Reuters16/04 Ferrari prepared for years for its first EV, chairman says
-Ferrari has been preparing for years for electrification, starting with Formula One powertrains, as it nears the launch of its first fully electric (EV) model in October, Chairman John Elkann said on Wednesday.
- Reuters16/04 PwC shuts operations in nine African countries
-PwC shut operations in nine Sub-Saharan African countries last month following a strategic review, the Big Four accounting firm said, in response to a media report that said the company exited over a dozen countries to avoid scandals.
- Reuters16/04 European shares fall as ASML warns US tariffs cloud outlook
-European shares slipped on Wednesday after a strong start to the week, weighed down by chip supplier ASML's warning that U.S. tariffs were increasing uncertainty around its outlook for 2025 and 2026.
- Reuters16/04 Exclusive: Nvidia kept some China customers in the dark about new US chip clampdown, sources say
-Nvidia did not warn at least some major customers in advance about new U.S. export rules.
- Reuters16/04 Britain's audit watchdog probes EY over Post Office scandal
-Britain's Financial Reporting Council has opened an investigation into EY over its audit of Post Office Limited, it said on Wednesday, amid the lingering fallout from one of the country's worst miscarriages of justice.
- Reuters16/04 Macau's leader warns world's biggest gambling hub could face a budget deficit
-The leader of Macau said the enclave risks slipping into a budget deficit if gambling revenues in the world's biggest gambling hub drop below 15 billion patacas ($1.88 billion) a month after they fell short of government forecasts in the first quarter. Chief Executive Sam Hou Fai made the comments on Tuesday to local legislators, according to a government statement.
- Reuters16/04 ASML says tariffs cloud outlook for 2025 and 2026
-ASML , the world's biggest supplier of computer chip-making equipment, said on Wednesday that tariffs were increasing uncertainty for its outlook for 2025 and 2026.
- Reuters16/04 Morning Bid: Markets wobble over US-China wrangling
-A look at the day ahead in European and global markets from Stella Qiu
- Reuters16/04 Shein's tariff-busting shift hits home in Chinese factory hub
-The rapid rise of ultra-fast fashion retailer Shein has been so key to the fortunes of a group of urban villages on the outskirts of China's southern metropolis of Guangzhou that they have been colloquially dubbed "Shein villages".
- Reuters16/04 China's Xpeng says it reviewed supply chain to insulate it from tariff turmoil
-Chinese electric vehicle maker Xpeng said on Wednesday that it had done a "thorough analysis" of its supply chain to ensure it would not be impacted by the current turmoil caused by U.S. President Donald Trump's tariffs and tensions with China.
- Reuters16/04 Shares fall in Asia as Nvidia curbs fan worries, gold hits record
-Shares fell in Asia on Wednesday as AI darling Nvidia took a hit from U.S. curbs on chip sales to China, highlighting the damage to come in a tit-for-tat global trade war, while gold hit a record and the dollar stayed under pressure.
- Reuters16/04 Exclusive: Trump's tariffs on Chinese parts for Cybercab, Semi disrupt Tesla's US production plans, source says
-Elon Musk has been touting the models as major innovations.
- Reuters16/04 India offers cheap loans for arms, targeting Russia's traditional customers
-Prime Minister Narendra Modi's bid to transform India into a global factory floor has produced billions of dollars of low-cost iPhones and pharmaceuticals. Now he hopes to add missiles, helicopters and battleships to the shopping carts of foreign governments.
- Reuters16/04 Chinese exporters on Rednote ask local consumers to buy goods meant for US
-Chinese sellers of items from lunch boxes to appliances have taken to social media platform Rednote to generate sympathy purchases, telling domestic consumers they are offloading stock at bargain prices amid U.S. tariffs.
- Reuters16/04 Dior shows fall fashion collection in gardens of ancient Kyoto temple
-Dior creative director Maria Grazia Chiuri showed her fall fashion collection of loose, minimalist styles in the garden of the Toji Temple in Kyoto on Tuesday night.
- Reuters16/04 California attorney general declines to join Musk's lawsuit against OpenAI
-The California attorney general's office declined to join a lawsuit by Elon Musk against OpenAI, the agency wrote in a letter made public on Tuesday, saying that the office did not see how Musk's action serves the public interest of the state.
- Reuters16/04 Figma confidentially files for much awaited US IPO after $20 billion Adobe deal collapse
-Cloud-based designer platform Figma on Tuesday confidentially filed for an initial public offering in the United States, more than a year after a $20 billion deal to be acquired by Adobe was shelved due to regulatory roadblocks.
- Reuters16/04 Trump orders tariff probe on all US critical mineral imports
-U.S. President Donald Trump on Tuesday ordered a probe into potential new tariffs on all U.S. critical minerals imports, a major escalation in his dispute with global trade partners and an attempt to directly rebuke industry leader China.
- Reuters16/04 From Harvard to Musk, law firm Quinn Emanuel juggles Trump's friends and foes
-Harvard University has turned to Elon Musk's longtime law firm, Quinn Emanuel, and a pair of Washington insiders with strong Republican credentials for its multibillion-dollar fight with the Trump administration over research funding.
- Reuters16/04 Trump signs healthcare executive order that includes a win for pharma companies
-U.S. President Donald Trump directed his health department on Tuesday to work with Congress on revamping a law that allows Medicare to negotiate prescription drug prices, seeking to introduce a change the pharmaceutical industry has lobbied for.
- Reuters16/04 Forever 21 creditors face large losses under bankruptcy plan
-Suppliers, vendors and other unsecured creditors of Forever 21 are "getting smoked" under a restructuring plan that envisions paltry recoveries on debts owed by the bankrupt fast fashion retailer, a lawyer for the company's unsecured creditors said on Tuesday.
- Reuters16/04 Nvidia faces $5.5 billion charge as US restricts chip sales to China
-Nvidia on Tuesday said it would take $5.5 billion in charges after the U.S. government said it would require licenses for exports to China of its H20 artificial intelligence chip, which has been one of its most popular chips.
- Reuters16/04 Exclusive: US tariffs may cost chip equipment makers more than $1 billion, industry estimates
-U.S. President Donald Trump's new tariffs could cost U.S. semiconductor equipment makers more than $1 billion a year, according to industry calculations discussed with officials and lawmakers in Washington last week, two sources familiar with the matter said.
- Reuters15/04 NAACP sues US Education Department over DEI school funding cuts
-The NAACP sued the U.S. Department of Education on Tuesday to stop its alleged illegal effort to cut off funding to schools that use diversity, equity and inclusion programs, and prevent Black students from receiving equal education opportunities.
- Reuters15/04 United Airlines warns of profit risks if US economy falters
-United Airlines forecast lower-than-expected profit for the current quarter on Tuesday and warned of downside risks to its full-year outlook if the U.S. economy slips into a recession.
- Reuters15/04 NATO's Rutte, in Odesa, declares 'unwavering' support for Ukraine
-NATO Secretary General Mark Rutte visited the southern Ukrainian city of Odesa with President Volodymyr Zelenskiy on Tuesday and declared "unwavering" support for Ukraine in the aftermath of a deadly Russian attack in the north of the country.
- Reuters15/04 US SEC leaders push back as Musk's DOGE seeks broad access, source says
-Elon Musk's Department of Government Efficiency is seeking access to U.S. Securities and Exchange Commission data, including email communications, according to a source familiar with the matter.
- Reuters15/04 Comcast unveils five-year internet price lock to stem broadband losses
-Comcast unveiled a five-year price lock for its Xfinity Internet service on Tuesday, aiming to stem subscriber losses and bolster its broadband business as competition in the sector intensifies.
- Reuters15/04 KKR nears acquisition of German IT services firm Datagroup, sources say
-Private equity firm KKR is close to acquiring Frankfurt-listed IT services provider Datagroup , people familiar with the matter told Reuters on Tuesday.
- Reuters15/04 China's Cofco hiring dozens in farm powerhouse Brazil
-Cofco International, which is building its biggest export port terminal in the world in Brazil, said on Tuesday China's state-run food group is recruiting dozens in the South American farm powerhouse.
- Reuters15/04 Canadian universities report jump in US applicants as Trump cuts funding
-More students living in the United States are applying to Canadian universities or expressing interest in studying north of the border as U.S. President Donald Trump cuts federal funding to universities and revokes foreign student visas.
- Reuters15/04 US banks flag risks to consumer spending from tariff uncertainty
-U.S. consumer spending has benefited from strong wage growth and low unemployment so far, but it faces huge risks if the upheaval sparked by President Donald Trump's trade policy persists, bank executives warned.
- Reuters15/04 Former US labor officials urge contractors to stand firm on DEI
-A group of former U.S. Department of Labor officials has urged federal contractors to maintain their corporate diversity policies in the face of legal threats by the Trump administration, a letter seen exclusively by Reuters showed.
- Reuters15/04 Vettel hails self-critical Norris as 'real role model'
-Four-times world champion Sebastian Vettel praised Lando Norris as a "real role model" on Tuesday and said the Formula One leader's open self-criticism was a strength rather than weakness.
- Reuters15/04 At US antitrust trial, Meta's Zuckerberg admits he bought Instagram because it was 'better'
-Meta CEO Mark Zuckerberg made a key concession at a U.S. antitrust trial on Tuesday, saying he bought Instagram because it had a "better" camera than the one his company was trying to build for flagship app Facebook at the time.
- Reuters15/04 Elliott builds $1.5-billion stake in Hewlett Packard Enterprise
-Hedge fund Elliott Investment Management has built a stake of more than $1.5 billion in Hewlett Packard Enterprise , a person familiar with the matter said on Tuesday.
- Reuters15/04 Breakingviews - Breakingviews: Harvard aces poli-sci but sweats MBA basics
-Harvard University seems to be struggling with basic finance. The Ivy League institution, whose graduates populate boardrooms and investment giants, is scrambling to borrow $750 million as the Trump administration freezes some $2 billion of taxpayer money earmarked for the college. This crisis provides an opportunity for many schools to brush up on their funding models.
- Reuters15/04 Law firm Susman Godfrey asks judge to block Trump executive order
-A judge in Washington is set to hear arguments on Tuesday afternoon in the latest legal clash over President Donald Trump's punitive executive orders against major law firms.
- Reuters15/04 Team ownership could be next F1 step for Saudi Arabia
-Owning a Formula One team could be the next step for Saudi Arabia after sponsoring the sport and hosting a grand prix, according to the chairman of the kingdom's automobile and motorcycle federation.
- Reuters15/04 J&J earnings beat estimates on strong cancer drug sales
-Johnson & Johnson reported first-quarter revenue and profit above Wall Street estimates on Tuesday, driven by strong cancer drug sales, and provided its first forecast that accounts for trade tariffs imposed by U.S. President Donald Trump.
- Reuters15/04 Inquest into death of tech tycoon Mike Lynch in yacht sinking will take 'many months', court hears
-The investigation into the deaths of British tech tycoon Mike Lynch, banker Jonathan Bloomer and members of their families who perished when a luxury yacht sank last year will take many months, a British inquest was told on Tuesday.
- Reuters15/04 Citigroup profit soars as stock trading jumps 23%
-Citigroup's profit surged in the first quarter as its traders reaped a windfall from volatile markets that fueled client activity.
- Reuters15/04 Italy says Britain is not sharing technology on fighter project
-Defence Minister Guido Crosetto has said Britain is not fully sharing technologies with Italy and Japan in a major project to develop a new fighter jet and urged London to bring down the "barriers of selfishness".
- Reuters15/04 Bank of America's first-quarter profit rises on trading strength
-Bank of America's profit rose in the first quarter, as market volatility boosted its trading fees, lifting the shares of the bank up 1.9% before the open.
- Reuters15/04 US CDC advisers to review vaccine guidelines after months-long delay
-The U.S. Centers for Disease Control and Prevention's outside expert panel will convene on Tuesday after a nearly two-month delay and expects to review guidelines for several vaccines including recommendations for the next generation of COVID-19 shots.
- Reuters15/04 Trump trade war dries up sorghum sales to China but US farmers plan to plant more
-U.S. President Donald Trump's trade war with China comes at a bad time for sorghum growers like Dan Atkisson in Kansas, who is nevertheless preparing to increase plantings by 25% this spring.
- Reuters15/04 LVMH shares slump after luxury giant's Q1 sales miss forecast
-LVMH shares sank on Tuesday after the world's largest luxury group posted first quarter revenue that undershot expectations as U.S. shoppers curtailed the purchase of beauty products and cognac while sales in China remained weak.
- Reuters15/04 Breakingviews - Small countries sit at nexus of tariff trade-offs
-Among the many absurdities of Donald Trump's global trade war is the inclusion of Singapore and Australia on his naughty list. The U.S. President slapped the 10% baseline tariff, which will apply to nearly all countries, on both with very little justification.
- Reuters15/04 Breakingviews - LVMH’s opaque succession merits investor discount
-Bernard Arnault has no succession plan, and no apparent intention of unveiling one soon. Indeed, the 76-year-old chairman and CEO of LVMH could spend another decade at the helm of the $300 billion French luxury giant. Shareholders will this week vote on whether to raise the age limit for both roles to 85. While Arnault’s age is not necessarily a problem for investors, the lack of clarity about who
- Reuters15/04 Oil price drop turns up heat on emerging market crude exporters
-A steep drop in crude oil prices largely due to U.S. President Donald Trump's tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown could also curb any benefits for importers.
- Reuters15/04 High UK visa costs deter international scientists and engineers
-It took Ed Roberts over a year to find a senior scientist to work at his cancer research laboratory in Scotland, a delay he blames on high UK visa costs that made it harder to attract international workers.
- Reuters15/04 Italy court allows class action against Stellantis over faulty airbags
-A civil court in Turin, Italy, has ruled admissible a class action suit against Stellantis concerning potentially faulty airbags made by Japanese automotive parts company Takata, Stellantis and two consumer groups behind the legal action said on Monday.
- Reuters15/04 Exclusive: Nissan to cut Japanese production of top-selling US model due to tariffs, source says
-Nissan will cut Japanese production of its top-selling U.S. model, the Rogue SUV, over May-July, said a person familiar with the matter, becoming the latest global automaker to alter manufacturing plans in response to new U.S. import tariffs.
- Reuters15/04 Morning Bid: Taxes and tariffs on the mind as relief rally limps along
-A look at the day ahead in European and global markets from Rocky Swift
- Reuters15/04 China's murky bankruptcies expose hazards for foreign investors
-Gaps in enforcement of China's insolvency laws can leave creditors vulnerable to opaque dealings and malicious bankruptcy filings by firms seeking to evade payment obligations.
- Reuters15/04 Michael B. Jordan steps out of his comfort zone for 'Sinners' dual role
-Actor Michael B. Jordan says he needed no convincing to tackle two lead roles in supernatural action thriller "Sinners", which reunites him with "Creed" and "Black Panther" director Ryan Coogler.
- Reuters15/04 Asia shares rise, bonds hold steady on some tariff reprieve
-Asia shares edged slightly higher on Tuesday, helped by gains in auto companies after U.S. President Donald Trump suggested he might grant exemptions on auto-related levies already in place.
- Reuters15/04 Meta to use public posts, AI interactions to train models in EU
-Meta Platforms said on Monday it would use interactions that users have with its AI, as well as public posts and comments shared by adults across its platforms, to train its artificial intelligence models in the European Union.
- Reuters15/04 Britain secures fuel shipment to keep its last steel blast furnaces alight
-Britain said on Tuesday it could keep the country's last steel blast furnaces burning for at least the next few weeks after securing a delivery of fuel - the latest step in a last-gasp government scramble to save domestic virgin steel production.
- Reuters15/04 ADM halting domestic trading in China, cutting jobs in Shanghai
-Global grain merchant Archer-Daniels-Midland has begun shutting down domestic trading operations in China and laying off staff within its largest business segment as part of a global cost-cutting push, the company said on Monday.
- Reuters15/04 Eli Lilly's Mounjaro launch in India ignites wave of weight-loss enquiries
-The India launch of Eli Lilly's popular weight-loss drug Mounjaro has triggered a huge wave of patient enquiries about its availability, with some Indian doctors fielding hundreds of calls about the medicine, according to a Reuters survey.
- Reuters15/04 Bristol Myers' heart disease drug fails to meet main goals in late-stage study
-Bristol Myers Squibb's drug to treat a type of heart disease did not significantly improve functional capacity and symptoms in patients, failing to meet the main goals of a late-stage study, the company said on Monday.
- Reuters15/04 Judge orders Bank of America to pay $540 million in FDIC lawsuit
-A federal judge ordered Bank of America to pay $540.3 million in a long-running Federal Deposit Insurance Corporation lawsuit accusing the second-largest U.S. bank of underpaying what it owed for deposit insurance.
- Reuters15/04 Jamie Dimon sells about $31.5 million worth of JPMorgan shares
-JPMorgan Chase & Co CEO Jamie Dimon has sold about $31.5 million worth of the bank's shares, according to a regulatory filing.
- Reuters15/04 South Korea unveils $23 billion support package for chips amid US tariff uncertainty
-South Korea announced on Tuesday an increase in its support package for the country's vital semiconductor industry to 33 trillion won ($23.25 billion), up about a quarter from a 26 trillion won package unveiled last year.
- Reuters14/04 LVMH misses sales forecast as core business slumps in first quarter
-LVMH's first-quarter revenue undershot expectations, as shoppers in the United States pulled back on beauty products and drinks while sales in China stayed weak, the world's largest luxury group said on Monday.
- Reuters14/04 Apple takes top spot for first-quarter smartphone sales, data shows
-Apple took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16e's launch and strong demand in countries such as Japan and India, data from Counterpoint Research showed on Monday.
- Reuters14/04 Breakingviews - Wall Street homilies are no match for trade chaos
-The market wreckage strewn by President Donald Trump’s trade war is uniquely driven by minute-by-minute policy whims. A trader riding out the tempest might look to the simple aphorisms passed down as time-tested investment wisdom for guidance. With trillions of dollars resting on as little as social-media posts, that would be a mistake.
- Reuters14/04 South Africa appoints US envoy to try to mend ties
-South African President Cyril Ramaphosa on Monday announced former deputy finance minister Mcebisi Jonas as his special envoy to the United States, in an effort to try to rebuild a relationship that has soured badly under President Donald Trump.
- Reuters14/04 Jury selected for retrial of Sarah Palin's New York Times defamation suit
-A jury was selected on Monday for the retrial in Sarah Palin's lawsuit against the New York Times for allegedly defaming the former Alaska governor and Republican vice presidential candidate in a 2017 editorial about gun control.
- Reuters14/04 Novo Nordisk warns consumers about counterfeit versions of Ozempic in US
-Danish drugmaker Novo Nordisk said on Monday several hundred counterfeit units of its diabetes drug Ozempic were being distributed outside its authorized supply chain in the United States.
- Reuters14/04 Bullish trade in Apple options reaps gains as shares jump on tariff exemption
-An unidentified options trader's multi-million dollar bet on a short-term rebound in Apple Inc.'s shares was set to reap a sizable profit as the iPhone-maker's shares soared on Monday following the Trump administration's weekend move to grant tariff exclusions for smartphones.
- Reuters14/04 Gloom in Barbieland as Trump tariffs drive up costs
-Surrounded by hundreds of Barbies at her home in the northern Spanish port of Gijon, TikTok influencer and collector Noemi de Lama has shared the news with her followers that U.S. tariffs are likely to drive up the price of their favourite dolls.
- Reuters14/04 Breakingviews - Breakingviews: Tariff chaos leaves its mark on US debt costs
-It’s too soon to tell whether the recent selloff in U.S. government debt reflects an exodus of overseas investors. Yet there are early signs that something is afoot. The sheer scale of possible future moves makes it a scenario that investors – and Uncle Sam – must contemplate.
- Reuters14/04 Trump to meet with El Salvador's president amid questions over deportations
-President Donald Trump meets on Monday with El Salvador President Nayib Bukele, a leader praised by the administration for opening his country's prison system to alleged gang members and detainees Trump wants out of the United States.
- Reuters14/04 Suspect in arson attack on Pennsylvania governor's residence charged with attempted murder
-The suspect in an arson attack on Pennsylvania Governor Josh Shapiro's residence has been charged with attempted homicide, terrorism, aggravated arson and other felonies after his arrest on Sunday.
- Reuters14/04 Goldman Sachs profit jumps as traders cash in on volatile markets
-Goldman Sachs' profit rose 15% in the first quarter, fueled by stock traders who capitalized on volatile markets to bring in record equities revenue, but its CEO warned of a difficult environment ahead.
- Reuters14/04 Argentine peso slides sharply after FX controls eased, bonds jump
-The Argentine peso slid around 17% on Monday morning while bonds gained after Buenos Aires sealed a $20 billion loan program with the International Monetary Fund and undid large parts of its currency and capital controls late on Friday.
- Reuters14/04 Most CEOs were doubting their boards even before Trump's tariff turmoil, survey finds
-Even before U.S. President Donald Trump's tariffs threw markets and companies into turmoil, global CEOs were already unhappy with the support they were getting from their boards of directors in navigating uncertainty, a survey showed on Monday.
- Reuters14/04 Intel to sell majority stake in Altera for $4.46 billion to fund revival effort
-Intel has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion, in the first major move under new CEO Lip-Bu Tan to revive the struggling American chipmaker.
- Reuters14/04 Pfizer ends development of weight-loss pill danuglipron
-Pfizer on Monday said it has discontinued development of experimental weight-loss pill danuglipron after a trial patient experienced potential drug-induced liver injury which resolved after the medication was stopped.
- Reuters