Reuters
(Reuters) – Top executives at many U.S. companies are preparing for the impact from President-elect Donald Trump fulfilling his campaign promise of raising tariffs, a move that could disrupt supply chains and worsen inflationary pressures. Here is what major companies and C-suite executives have said on tariffs: Company Commentary Tesla…
By Kate Abnett, Nailia Bagirova and Karin Strohecker BAKU (Reuters) -Countries at the COP29 climate summit were warned on Wednesday that the “hardest part” was about to start in talks over how much money should be provided to developing countries to help them cope with climate change. Figuring out what…
By Luc Cohen NEW YORK (Reuters) -Former cryptocurrency executive Gary Wang, who unwittingly wrote the computer code that helped FTX founder Sam Bankman-Fried steal about $8 billion from customers of the now-bankrupt exchange, was spared prison time by a judge on Wednesday. U.S. District Judge Lewis (JO:) Kaplan announced he…
By Francois Murphy VIENNA (Reuters) – U.N. nuclear watchdog chief Rafael Grossi said on Wednesday he hopes Iran’s move towards capping its stock of uranium just short of weapons grade will hold, as his agency’s board was set to pass a Western-drafted resolution that could derail that. Iran has taken…
By Linda Pasquini and Agata Rybska (Reuters) – Japan’s Seven & i Holdings received a buyout proposal from a member of its founding Ito family last week, a potential $58 billion white-knight bid which would see the company go private and allow it to continue operating under current management. Many global…
By Mike Dolan LONDON (Reuters) – Pity the poor forecasters compiling 2025 investment outlooks. Little of their hastily-compiled post-election annual outlooks may endure beyond the end of this year. Investors seized upon the unexpected size and sweep of this month’s U.S. election win by Donald Trump and his Republican Party…
BAKU (Reuters) – Marathon COP29 climate talks enter their final stretch on Wednesday when the Azerbaijani hosts are due to publish an update on negotiations so far as the summit seeks to agree a new goal on issues including climate finance. The talks, which began on Nov. 11, are due…
By Victoria Waldersee and Christoph Steitz BERLIN/FRANKFURT (Reuters) – As Volkswagen (ETR:) and unions gear up for the next round of talks over wages and plant closures in Germany, company and industry data reviewed by Reuters show that the automaker spends a higher proportion of sales on labour costs than…
By Eduardo Baptista and Lisandra Paraguassu RIO DE JANEIRO (Reuters) – Chinese President Xi Jinping’s state visit to Brasilia on Wednesday caps a diplomatic blitz across South America that has shown Beijing’s growing clout in the region and at global forums where it filled a gap left by the U.S.…
SHANGHAI/HONG KONG (Reuters) – Major Chinese fund companies announced a reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the rapidly expanding $400 billion sector of the market. The move to cut management and custodian fees came a day after Wu Qing,…
