News
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EU approves counter-tariffs on US goods, says trade deal within reach
EU aims for negotiated outcome to avoid 30% US tariffsFirst counter-tariff package would start on August 7, second in two stages, in September and FebruaryPotential deal may include 15% tariff on EU goods, mirroring US-Japan agreementBy Philip Blenkinsop BRUSSELS, July 24 (Reuters) - The European...Reuters
Thu, Jul 24
Errol Musk eyes Bosnia for research hub on gravity and space
SARAJEVO, July 24 (Reuters) - South African businessman Errol Musk, the father of billionaire Elon Musk, visited Bosnia this week to assess its potential as a location for a research institute on gravity, space-time and longevity, months after saying he planned to base it in Dubai.The elder Musk, a ...Reuters
Thu, Jul 24
Brazil's top court rules out Bolsonaro arrest after 'isolated' restriction breach, but issues warning
BRASILIA, July 24 (Reuters) - Brazilian Supreme Court Justice Alexandre de Moraes on Thursday decided not to order the arrest of former President Jair Bolsonaro for what he called an "isolated" breach of restrictions imposed last week.Moraes in his decision, however, warned that if Bolsonaro...Reuters
Thu, Jul 24
Blackstone CEO sees 'vast' opportunity in US plan to open retirement funds to private markets
July 24 (Reuters) - Blackstone BX.N CEO Stephen Schwarzman said the U.S. administration's plan to open the $12 trillion defined contribution plans to private markets will create a "vast" opportunity for the alternative asset manager.Reuters
Thu, Jul 24
Spanish insurer Mapfre's net profit soars in first half, buoyed by car insurance
By Marta Serafinko and Mireia MerinoJuly 24 (Reuters) - Spanish insurer Mapfre MAP.MC said on Thursday its net income rose 24% in the first half as its car insurance business soared after dragging the company down in the previous years.The firm's net profit increased to 570 million euros ($669....Reuters
Thu, Jul 24
Ameriprise Financial's quarterly profit rises on higher fee income
July 24 (Reuters) - Asset and wealth manager Ameriprise Financial AMP.N reported a 28% rise in its second-quarter profit on Thursday, as a late-quarter market rally boosted the value of its fee-generating assets to a record high.After a turbulent start to the quarter because of U.S. President Donald...Reuters
Thu, Jul 24
Trucking company Heartland Express' Q2 net loss widens
OverviewHeartland Express Q2 operating revenue falls to $210.4 mln, missing estimatesNet loss widens to $10.9 mln, missing analyst expectationsCo repurchased 1 mln shares, reduced debt by $300 mln since 2022OutlookHeartland Express expects freight demand improvement later in 2025Company anticipates ...Reuters
Thu, Jul 24
Verizon owes $175 million in patent infringement case, Texas jury says
By Blake Brittain July 23 (Reuters) - A federal court in Marshall, Texas, said on Wednesday that U.S. telecom company Verizon Wireless VZ.N must pay $175 million in damages for violating an inventor's patent rights related to wireless communications technology.The jury's decision in favor...Reuters
Thu, Jul 24
Utah Medical's Q2 revenue falls on lower PendoTECH sales
OverviewUtah Medical Q2 2025 revenue falls 4.3% yr/yr, driven by lower PendoTECH salesCompany's gross profit margin contracts due to lower sales, unfavorable product mixShare repurchases help mitigate EPS decline despite revenue and profit challengesOutlookCompany expects 2H 2025 PendoTECH sales...Reuters
Thu, Jul 24
Union Pacific And Norfolk Southern Discussing Possible Merger
July 24 (Reuters) - Union Pacific Corp UNP.N:UNION PACIFIC AND NORFOLK SOUTHERN DISCUSSING POSSIBLE MERGERUNION PACIFIC - CONFIRMED CO, NORFOLK SOUTHERN ENGAGED IN ADVANCED DISCUSSIONS REGARDING A POTENTIAL BUSINESS COMBINATIONReuters
Thu, Jul 24
Franco-German MGCS tank project speeding up, Rheinmetall CEO says
UNTERLUESS, Germany, July 24 (Reuters) - The Franco-German MGCS main battle tank project, which has stalled for years, is speeding up and has political will on both sides, Rheinmetall chief executive RHMG.DE Armin Papperger said on Thursday. "This is what politicians want, but also industry,"...Reuters
Thu, Jul 24
Soccer-Top English women's clubs to allow alcohol in trial
July 24 (Reuters) - Banned for decades at men's games in England to curb hooliganism, alcohol will be allowed in the stands for seven Women's Super League clubs during the 2025-26 season as a trial.The burgeoning women's game in England has proved a far more family-friendly experience th...Reuters
Thu, Jul 24
Lazard CEO Peter Orszag See Significantly Improving Environment For Financial Advisory Activity
July 24 (Reuters) - Lazard Inc LAZ.N:LAZARD CEO PETER ORSZAG SEE SIGNIFICANTLY IMPROVING ENVIRONMENT FOR FINANCIAL ADVISORY ACTIVITYLAZARD CEO PETER ORSZAG SPEAKING ON EARNINGS CONFERENCE CALLLAZARD CEO ORSZAG SAYS DOING A "SIGNIFICANT AMOUNT" OF HIRING IN EUROPEReuters
Thu, Jul 24
Weak regulation causing deaths due to contaminated medicines, WHO says
July 24 (Reuters) - The World Health Organization said on Thursday systemic weaknesses in the oversight of the global pharmaceutical supply chain have resulted in medicines formulated with poisonous chemicals claiming lives and compromising the health of patients, mainly children.In a report, jointl...Reuters
Thu, Jul 24
Poland secures $4 billion US loan guarantee to boost military modernization
WARSAW, July 24 (Reuters) - Poland is set to sign a $4 billion U.S. loan guarantee to help fund the modernization of its armed forces, the Polish defense ministry said on Thursday.Amid heightened regional tensions and Russia's ongoing war in Ukraine, Poland is ramping up defense spending and acc...Reuters
Thu, Jul 24
US judge tosses Trump administration bid to cancel union contracts
Judge Albright dismisses Trump admin's lawsuit against union contractsAgencies lack legal standing to cancel collective bargaining agreementsTrump's order affects 75% of unionized federal workers, unions challenge legalityAlbright's ruling is a setback for Trump's federal employee po...Reuters
Thu, Jul 24
