News
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NHTSA opens recall query into about 1.2 million Stellantis trucks
July 7 (Reuters) - The U.S. National Highway Traffic Safety Administration said on Monday it opened a recall query covering about 1.2 million Stellantis' STLAM.MI Ram trucks over concerns related to the transmission.The auto safety regulator said impacted vehicles displayed issues related to the...Reuters
Mon, Jul 7
MOVES-Barclays names Khaled El Dabag and Walid Mezher co-CEOs for Middle East
DUBAI, July 7 (Reuters) - Barclays BARC.L has appointed Khaled El Dabag and Walid Mezher as co-CEOs for the Middle East region, it said in a statement on Monday.The two executives will be based in Dubai and report to Stephen Dainton, Barclays Bank's president and head of investment bank manageme...Reuters
Mon, Jul 7
Zelenskiy spoke with Trump about replacing envoy to US, Bloomberg News reports
July 7 (Reuters) - Ukrainian President Volodymyr Zelenskiy discussed replacing the current ambassador to the U.S., Oksana Markarova, during his phone call with President Donald Trump on Friday, Bloomberg News reported on Monday, citing a person familiar with the matter.The country's Prime Minist...Reuters
Mon, Jul 7
Zelenskiy spoke with Trump about replacing envoy to US, Bloomberg News reports
July 7 (Reuters) - Ukrainian President Volodymyr Zelenskiy discussed replacing the current ambassador to the U.S., Oksana Markarova, during his phone call with President Donald Trump on Friday, Bloomberg News reported on Monday, citing a person familiar with the matter.Zelenskiy had said on Saturday...Reuters
Mon, Jul 7
Apple takes fight against $587 million EU antitrust fine to court
By Foo Yun Chee BRUSSELS, July 7 (Reuters) - Apple AAPL.O 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 C...Reuters
Mon, Jul 7
Belgian banks join European Payments Initiative to expand Wero wallet across Europe
July 7 (Reuters) - Five Belgian banks - Argenta, Bank Van Breda, Beobank, Crelan and vdk bank - said on Monday that they were joining the European Payments Initiative and that they would roll out the EPI's digital wallet Wero to their customers next year.WHY IT'S IMPORTANT:The EPI was set up...Reuters
Mon, Jul 7
TIMELINE-How Trump's trade war is upending the global economy
July 7 (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 Ca...Reuters
Mon, Jul 7
NHTSA Opens Recall Query Into Est 1.2 Million Chrysler Ram Vehicles In The US Over Post Recall Remedy BTSI Failure
July 7 (Reuters) - NHTSA : OPENS RECALL QUERY INTO EST 1.2 MILLION CHRYSLER RAM VEHICLES IN THE US OVER POST RECALL REMEDY BTSI FAILURESource text: https://tinyurl.com/3fwja3cpReuters
Mon, Jul 7
Guy Carpenter's Enoizi joins Insurance Development Forum steering committee
By Henry GaleJuly 7 - (The Insurer) - The Insurance Development Forum (IDF) has appointed Guy Carpenter's Julian Enoizi to its steering committee, the IDF said on Monday.Enoizi is Guy Carpenter's Europe CEO. He has also served as as Marsh McLennan's global head of public sector and CEO o...Reuters
Mon, Jul 7
Apple takes fight against $587 million EU antitrust fine to court
By Foo Yun Chee BRUSSELS, July 7 (Reuters) - Apple AAPL.O 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 C...Reuters
Mon, Jul 7
Cost of insuring Turkey's debt climbs after opposition crackdown
LONDON, July 7 (Reuters) - The cost of insuring Turkey's debt against default rose on Monday after a widening legal crackdown against the main opposition party over the weekend.Turkey's 5-year credit default swap widened by 13 basis points from Friday's close to reach 292 basis points, a...Reuters
Mon, Jul 7
China says it opposes tariffs being used as a tool of coercion
BEIJING, July 7 (Reuters) - China opposes tariffs being used as a tool to coerce others, the Chinese foreign ministry said on Monday, after U.S. President Donald Trump threatened an extra 10% tariffs on countries aligning themselves with the BRICS group of developing nations.Reuters
Mon, Jul 7
Thailand submits new trade proposal offering zero tariffs on many US goods
BANGKOK, July 7 (Reuters) - Thailand has submitted a new trade proposal to the United States, offering to cut levies to zero on many U.S. imports in a bid to avoid steep tariff hikes on its own products, the finance minister said on Monday.Reuters
Mon, Jul 7
MS Amlin names Nicola Harris as head of natural resources
By Navneeta NandanJuly 7 - (The Insurer) - Lloyd's (re)insurer MS Amlin named Nicola Harris as head of natural resources in an announcement on Monday.Harris will begin her role in August and will report to MS Amlin's chief underwriting officer Martin Burke.Harris has spent most of her career...Reuters
Mon, Jul 7
Carrier becomes latest global firm to sue India over electronic waste rules
By Aditya Kalra and Arpan Chaturvedi NEW DELHI, July 7 (Reuters) - The Indian unit of U.S. air conditioning giant Carrier CARR.N has become the latest major firm to sue Prime Minister Narendra Modi's government over electronic waste rules that have hiked the fees manufacturers must pay to re...Reuters
Mon, Jul 7
US envoy in Beirut for talks on Hezbollah disarmament as Israel ramps up strikes
BEIRUT, July 7 (Reuters) - A U.S. envoy met Lebanese officials in Beirut on Monday to discuss a proposed plan to disarm Hezbollah, hours after Israel launched new air strikes and a cross-border ground assault.The Israeli escalation was seen by Lebanese officials and diplomats as an attempt to ratche...Reuters
Mon, Jul 7
Democratic fundraiser ActBlue brings in nearly $400 million amid Trump pressure, CNN reports
July 7 (Reuters) - Democratic fundraising platform ActBlue brought in more than $393 million during the second quarter of this year, nearly on par with the $400 million it processed in the first quarter, CNN reported on Monday, citing figures shared first with CNN.President Donald Trump had in April...Reuters
Mon, Jul 7
Daimler Truck reports 5% decline in Q2 sales
July 7 (Reuters) - Daimler Truck DTGGe.DE, one of the world's biggest truckmakers, reported a 5% decrease in second-quarter sales on Monday, dragged by lower demand in the U.S. market.The company said it sold 106,715 trucks and buses in the second quarter, compared with 112,195 a year earlier.Th...Reuters
Mon, Jul 7
