By Lisa Baertlein LOS ANGELES (Reuters) – The China Shipowners’ Association opposes a U.S. proposal to slap hefty port entry fees on ocean cargo carriers that own or have ordered vessels from China, saying it violates international rules and U.S. laws, according to a statement seen by Reuters on Thursday. U.S. President Donald Trump’s administration…
By Naomi Rovnick, Iain Withers and Simon Jessop LONDON (Reuters) -European asset managers are reconsidering their policies on investing in defence, under pressure from clients and some politicians to loosen restrictions and help fund the continent’s race to re-arm. Under European Union rules, a number of funds badged as sustainable need to ensure their investments…
U.S. President Donald Trump’s on-again, off-again approach to tariffs on imports from Canada and Mexico has rattled markets while placing historic strains on relations between the United States and its two largest trading partners. Trump’s 25 percent tariffs on aluminum and steel, which took effect on Wednesday, hit Canada particularly hard, as the country is…
Welcome back to World Brief, where we’re looking at the latest slew of U.S. tariffs, Greenland’s election results, a no-confidence vote in Portugal, and resumed U.S. military aid to Ukraine. Fierce Global Backlash The United States imposed 25 percent tariffs on all steel and aluminum imports on Wednesday. The policy is aimed at leveling the…
It’s not just the “Magnificent Seven” stocks feeling the impact of recent sell-off action. Highfliers like Netflix (NFLX), AMD (AMD), Micron (MU), Dell (DELL), and Palantir (PLTR), among others, have also been washed out in the midst of this latest market rout. Netflix stock has declined over 10% from a month ago, and some on…
The incoming German government, rattled by the prospect of U.S. President Donald Trump withdrawing security guarantees, is preparing a fundamental readjustment of its defense posture. The new coalition of Christian Democrats (CDU/CSU) and Social Democrats (SPD) has already agreed to push for changes to the debt brake that would pave the way to dramatically higher…
Welcome back to World Brief, where we’re looking at Canada’s next prime minister, Israel cutting off electricity to Gaza, and a maritime collision in the North Sea. Sign up to receive World Brief in your inbox every weekday. Sign up to receive World Brief in your inbox every weekday. Sign Up By submitting your email,…
Thee S&P 500 lost 2.7pc, to end at 5,614.99 points, while the Nasdaq Composite lost 4pc, to 17,470.21. The Dow Jones Industrial Average fell 2.1pc, closing at 41,911.09. The yields on US government bonds fell today as investors bought US debt after investors became less confidence in the stock market. Bond yields fall as bond…
Politicians are pressing Secretary of State Marco Rubio to answer questions about a government contract for armored Teslas that never existed. Sen. Richard Blumenthal (D-NY) and Congressman Gregory Meeks (D-NY) both sent letters to Rubio last week with a detailed list of questions they want the Secretary to answer. The letters concern a Biden-era State…
Over the past month, through a flurry of phone calls and flattery, Canada and Mexico have twice successfully fended off U.S. President Donald Trump’s sweeping tariffs, at least earning temporary reprieves. Meanwhile, Chinese officials have taken a different tack. Like a seasoned boxer in the first round of a fight, rather than lunging in, China…