News
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TIMELINE-Major developments in Trump's trade war
July 23 (Reuters) - U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.Here is a timeline of the major developments:February 1 - Trump imposes 25% tariffs on Mexican and most C...Reuters
Wed, Jul 23
China's Vice Premier He Lifeng to hold US trade talks in Sweden
BEIJING, July 23 (Reuters) - China's Vice Premier He Lifeng will visit Sweden from July 27-30 for a new round of economic and trade talks with U.S. officials, the Chinese commerce ministry said on Wednesday.Both sides will continue consultations based on the principles of "mutual respect, pe...Reuters
Wed, Jul 23
Deals of the day-Mergers and acquisitions
July 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** London-based buyout firm CapVest Partners is in talks to acquire a majority stake in German drugmaker Stada Arzneimittel, Bloomberg News reported on Tuesday.nL4N3TK0OB ** Za...Reuters
Wed, Jul 23
Tariffs and conflicts loom large over Merz and Macron's working dinner
BERLIN, July 23 (Reuters) - German Chancellor Friedrich Merz will host French President Emmanuel Macron for talks over dinner in Berlin on Wednesday, with Europe's battle to soften incoming U.S. tariffs and support for Ukraine expected to top a packed agenda.The meeting, taking place at Villa Bo...Reuters
Wed, Jul 23
RPT-India's Enforcement Directorate files case against Myntra over FDI violations
July 23 (Reuters) - India's Enforcement Directorate on Wednesday said it has filed a complaint against Walmart's WMT.N Myntra for alleged violation of foreign direct investment regulations. ($1 = 86.3840 Indian rupees)Reuters
Wed, Jul 23
India's Enforcement Directorate files case against Myntra over FDI violations
July 23 (Reuters) - India's Enforcement Directorate on Wednesday said it has filed a complaint against Walmart's WMT.N Myntra for alleged violation of foreign direct investment regulations. ($1 = 86.3840 Indian rupees)Reuters
Wed, Jul 23
Russian delegation heads to Turkey for talks with Ukraine, news agencies say
MOSCOW, July 23 (Reuters) - A plane carrying a Russian delegation departed from Moscow for Turkey on Wednesday to hold a third round of peace negotiations with Ukraine, Russian news agencies quoted sources as saying.Reuters
Wed, Jul 23
CapVest eyes majority stake in German drugmaker Stada, Bloomberg News reports
July 23 (Reuters) - London-based buyout firm CapVest Partners is in talks to acquire a majority stake in German drugmaker Stada Arzneimittel, Bloomberg News reported on Tuesday.The deal would value Stada Arzneimittel at about 10 billion euros ($11.75 billion) including debt, the report said, citing ...Reuters
Wed, Jul 23
Ex-trader Tom Hayes wins appeal to overturn rate-rigging conviction at UK top court
LONDON, July 23 (Reuters) - Tom Hayes, the first trader ever jailed for interest rate rigging, had his conviction overturned by Britain's top court on Wednesday after a years-long fight to clear his name.The UK Supreme Court unanimously allowed Hayes' appeal, overturning his 2015 conviction ...Reuters
Wed, Jul 23
Japan's PM Ishiba denies he has decided to quit
By Tim Kelly, Satoshi Sugiyama and Leika KiharaTOKYO, July 23 (Reuters) - Japanese Prime Minister Shigeru Ishiba denied on Wednesday he had decided to quit after a source and media reports said he planned to announce his resignation to take responsibility for a bruising upper house election defeat.A...Reuters
Wed, Jul 23
KFC India operator Sapphire posts quarterly loss as expenses rise
July 23 (Reuters) - Sapphire Foods India SAPI.NS, which operates Pizza Hut and KFC restaurants in the country, reported a quarterly loss on Wednesday, as expenses rose and fast-food restaurant chains faced stiff competition from local cafes and online kitchens.The restaurant operator posted a net lo...Reuters
Wed, Jul 23
US-funded contraceptives for poor nations to be burned in France, sources say
Contraceptives held in warehouse since Trump froze foreign aidDozens of truckloads due to be taken to France for incinerationUN offered to buy them but no agreement reachedNGOs warn lack of contraception will increase unsafe abortions By Ammu Kannampilly, Jennifer Rigby and Jonathan Landay July 2...Reuters
Wed, Jul 23
INSIGHT-Big Alcohol prepares to fight back as buzzy cannabis drinks steal sales
Facing slumping sales, Big Alcohol looks to cannabis, sources sayBeverages with hemp-derived THC are growing in popularityRetailers say the category is pushing beer off shelvesBy Jessica DiNapoli and Emma Rumney NEW YORK, July 23 (Reuters) - Top alcohol makers have been sitting on the sidelines o...Reuters
Wed, Jul 23
KFC India operator Sapphire posts loss as consumers tighten spending
July 23 (Reuters) - Sapphire Foods India SAPI.NS, which operates Pizza Hut and KFC restaurants in the country, reported a quarterly loss on Wednesday, as fast-food restaurant chains face stiff competition from local cafes and online kitchens.The restaurant operator posted a net loss of 18 million ru...Reuters
Wed, Jul 23
Australia makes second $525 million AUKUS payment amid US review
SYDNEY, July 23 (Reuters) - Australia has paid the United States A$800 million ($525 million) in the second instalment under the AUKUS nuclear submarine deal, despite an ongoing formal review of the agreement by U.S. President Donald Trump's administration.Prime Minister Anthony Albanese confirm...Reuters
Wed, Jul 23
