A 200% tariff would spike costs, squeeze profits, and disrupt supply chains, risking drug shortages and higher prices even with a delayed start.
Nissan may build Honda pickups at its underused Mississippi plant. Talks come amid rising Chinese competition and U.S.-Japan auto trade talks.
Australia's Project Acacia picks 14 firms to trial tokenised asset settlement and CBDC, led by the RBA and DFCRC, to boost digital finance innovation.
UK GDP fell 0.1% in May after April's 0.3% drop, missing growth forecasts. Industrial and construction slumps offset slight services gains.
Trump's planned 50% tariff on Brazilian goods may hike U.S. hamburger beef costs, hitting meat firms already hurt by tight cattle supplies and import bans.
Trump plans 35% tariffs on Canada starting Aug 1, warning hikes if Canada hits back; also eyes 15-20% tariffs on most other trade partners.
Tesla sets its annual shareholder meeting for Nov 6, after investors pressed the Elon Musk-led firm to comply with legal obligations and announce a date.
Disney+ UK will stream ITV hits like "Love Island" & "Mr Bates vs The Post Office," while ITVX gets Disney shows, aiming to boost audiences.
Nvidia hit a $4T market cap, the first company ever to do so, as AI chip demand soars. Shares rose 2.4% to $164, cementing its Wall Street favorite status.
Automakers urge buyers to get EVs before the $7,500 U.S. tax credit ends this fall. Tesla warns: "Take delivery by Sept 30, 2025" on its homepage.
ASML dropped inclusion & diversity targets for U.S. staff to comply with local laws, but will keep them in other markets, the chip gear maker said.
Pretium, managing $60B, issued over $1B in loans to homebuilders in six months, boosting its push into residential real estate since starting the program in January.
Ford recalls 850,000+ U.S. vehicles over faulty fuel pumps that could stall engines, says NHTSA.
BoE eases mortgage rules to boost high loan-to-income lending, aiming to help 36,000 more first-time buyers yearly onto the UK housing ladder.
Starbucks CEO Brian Niccol, famed for reviving Taco Bell & Chipotle, faces investor doubt as sales lag and no targets emerge 9 months into his tenure.
U.S. apparel imports from China hit a 22-year low in May as tariffs bite, shrinking China's long-held share of the U.S. clothing market.
European investors eye Q2 earnings for key signs of how firms handle trade shocks—and how sturdy their stock prices stay in this new volatile era.
Slovakia keeps veto on new EU sanctions against Russia over Ukraine, with Brussels-Bratislava talks failing to reach a deal, blocking approval again.
Global jet fuel demand will lag pre-COVID levels due to less Chinese travel, strict U.S. visas & efficient jets, weighing on oil demand and prices.
Apple in talks to buy U.S. F1 broadcast rights next year after success of "F1: The Movie".
Merck nears $10B deal to buy Verona Pharma at $107/ADS, its biggest buy since 2023, to boost lung disease portfolio, FT reports.
Trump to impose 50% tariff on copper to boost U.S. output; Comex copper futures surge 12% to record high on surprise move.
Starbucks' China biz draws buyout interest valuing it at $10B. Centurium, Hillhouse, Carlyle & KKR among bidders
Rio Tinto may name a new CEO this month. Chair wants a leader open to big M&A, productivity, and cost cuts. Finalists pitch to the board in London this week.