By Nick Carey and Nora Eckert LONDON/DETROIT (Reuters) -U.S. President Donald Trump’s threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs, executives and industry experts say. The duties on their…
KYIV (Reuters) -Russia targeted Ukraine with a record 728 drones early on Wednesday, hours after U.S. President Donald Trump pledged to send more defensive weapons to Kyiv and aimed unusually sharp criticism at Russian President Vladimir Putin. The attack was the latest in a series of escalating air assaults in recent weeks that have involved…
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google said it failed this week to resolve disagreements with hotels, airlines and specialised search services such as Skyscanner over how it presents search results, putting it at risk of a hefty European Union antitrust fine. At a July 7-8 workshop organised by the European Commission, the U.S….
(Reuters) -Nvidia-backed Perplexity AI said on Wednesday it has launched Comet, a new web browser with AI-powered search capabilities, as the startup looks to challenge the dominance of market leader Alphabet’s Google Chrome. The launch marks Perplexity AI’s entry into the competitive browser market, aiming to replace traditional navigation with agentic AI that can think,…
(Reuters) -A group of 27 major Tesla shareholders urged the electric automaker’s board on Wednesday to set a date for its annual shareholder meeting this year, citing legal obligations and growing governance concerns. Tesla is close to missing a legal deadline and has not announced this year’s meeting, the group consisting of U.S. state treasurers,…
By Foo Yun Chee BRUSSELS (Reuters) -Apple took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European Commission in a decision in April said the iPhone…
By Sheila Dang HOUSTON (Reuters) -Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from the previous quarter’s level. The earnings snapshot from the largest U.S. oil producer is closely watched for clues on how the broader oil sector will fare when companies begin…
By Michael S. Derby (Reuters) -The prospect of the Federal Reserve once again setting its short-term interest rate target at near zero levels at some point in coming years remains real despite current relatively high levels of short-term borrowing costs, a new paper published jointly between the New York and San Francisco Federal Reserve banks…
By Timothy Gardner and Brendan O’Brien WASHINGTON (Reuters) -The U.S. imposed sanctions on Thursday against a network that smuggles Iranian oil disguised as Iraqi oil, and on a Hezbollah-controlled financial institution, the Treasury Department said. A network of companies run by Iraqi-British national Salim Ahmed Said has been buying and shipping billions of dollars worth…
(Reuters) -AstraZeneca is in talks with Summit Therapeutics to license an experimental lung-cancer drug under a deal worth as much as $15 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. Shares of Summit Therapeutics surged 9.7% to $25.81 in morning trade. The Menlo Park, California-based drug developer did not immediately respond…
