News
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UN expert urges states to cut Israel trade ties over 'apocalyptic' Gaza situation
By Emma Farge GENEVA, July 3 (Reuters) - A U.N. expert on Thursday called on states to impose an arms embargo and cut off trade and financial ties with Israel, which she alleged is waging a "genocidal campaign" in Gaza.In a speech to the U.N. Human Rights Council, U.N. Special Rapporteur ...Reuters
Thu, Jul 3
Polestar to make new SUV in Europe from 2028
By Marie Mannes and Anna Ringstrom STOCKHOLM, July 3 (Reuters) - Polestar PSNY.O said on Thursday it would make its Polestar 7 SUV model at a Volvo Cars VOLCARb.ST factory in Slovakia, as the EV maker shifts more production from China and tries to cut its exposure to heavy European and U.S. tarif...Reuters
Thu, Jul 3
Germany's Merz urges quick US tariff deal with deadline days away
July 3 (Reuters) - German Chancellor Friedrich Merz on Thursday urged the European Union to settle a tariff dispute with the United States as quickly as possible to protect core industries such as cars, steel and pharmaceuticals. Speaking at a banking event, Merz said Europe had to face the prospect...Reuters
Thu, Jul 3
Russia forces capture two settlements in eastern Ukraine, defence ministry says
MOSCOW, July 3 (Reuters) - Russian troops have taken control of the settlements of Razine and Milove in eastern Ukraine, the Russian Defence Ministry said on Thursday.Reuters could not independently confirm the battlefield report.Reuters
Thu, Jul 3
Garuda Indonesia in talks with Boeing to buy 50 to 75 planes, CEO says
JAKARTA, July 3 (Reuters) - Flag carrier Garuda Indonesia GIAA.JK is in talks with U.S. Boeing BA.N to buy 50 to 75 units of their planes which may include 737 MAX 8 and 787 jets, its CEO Wamildan Tsani said on Thursday.Reuters
Thu, Jul 3
SPECIAL REPORT-How China's new auto giants left GM, VW and Tesla in the dust
Chinese automakers drive rapid growth by slashing vehicle development timeCompetition at home spurs efforts by BYD, Chery, others to fast-track processesChinese brands lean more heavily on AI, simulations in vehicle developmentBy Nick Carey, Norihiko Shirouzu SHENZHEN, July 3 (Reuters) - In Octob...Reuters
Thu, Jul 3
Cricket-Struggling Mitchell retired out as Texas win rain-hit MLC contest
July 3 (Reuters) - Texas Super Kings retired out a sluggish Daryl Mitchell in a tactical move that paid off handsomely in a 43-run victory against Washington Freedom in Major League Cricket on Wednesday.After rain had reduced the match at Lauderhill to a five-overs-a-side contest, Texas lost skipper...Reuters
Thu, Jul 3
Chinese communist party official urges U.S. to see benefits from cooperation
BEIJING, July 3 (Reuters) - The United States should recognise how much it has to gain from its cooperation with China, a senior Chinese Communist party official said on Thursday, state broadcaster CCTV reported.Liu Jianchao, the director of the Communist Party's international liaison department...Reuters
Thu, Jul 3
China denies military base ambitions in Pacific Islands
By Kirsty Needham SYDNEY, July 3 (Reuters) - China's embassy in Fiji denied on Thursday that Beijing wanted a military base or sphere of influence in the Pacific Islands, after Fiji's Prime Minister Sitiveni Rabuka said islands were trying to cope with a powerful China seeking to spread i...Reuters
Thu, Jul 3
Vietnam says its negotiators coordinating to finalise trade terms with United States
HANOI, July 3 (Reuters) - Vietnam's leader To Lam highly values the United States and the country's trade negotiators are coordinating to formalise a deal with Washington, Vietnam's foreign ministry said on Thursday.The remarks by Vietnam's foreign ministry spokesperson followed an a...Reuters
Thu, Jul 3
Nippon Steel to raise $5.6 billion in subordinated loans to fund U.S. Steel deal
By Yuka Obayashi TOKYO, July 3 (Reuters) - Japan's Nippon Steel 5401.T said on Wednesday it would raise 800 billion yen ($5.6 billion) through two subordinated loans to partially fund its recent $14.9 billion acquisition of U.S. Steel and refinance previous loans. Japan's biggest steelmak...Reuters
Thu, Jul 3
EXPLAINER-Will the EU delay enforcing its AI Act?
Parts of EU's AI Act due to come into force on August 2Publication of key guidance document has been delayedSome companies, politicians call for delayBy Supantha Mukherjee STOCKHOLM, July 3 (Reuters) - With less than a month to go before parts of the European Union's AI Act come into forc...Reuters
Thu, Jul 3
UN expert asks states to cut trade ties with Israel over Gaza situation
GENEVA, July 3 (Reuters) - A U.N. expert on Thursday called on states to impose an arms embargo and cut off trade and financial ties with Israel, which she alleged is waging a "genocidal campaign" in Gaza.In a speech to the U.N. Human Rights Council presenting her latest report, U.N. Special...Reuters
Thu, Jul 3
As trade war truce with China holds, US lifts curbs for chip design software and ethane
NEW YORK, July 3 (Reuters) - The United States has lifted restrictions on exports to China for chip design software developers and ethane producers, a further sign of de-escalating U.S.-Sino trade tensions including concessions from Beijing over rare earths.Reuters
Thu, Jul 3
EV maker Polestar to produce new model in Europe
STOCKHOLM, July 3 (Reuters) - Sweden-based electric vehicle maker Polestar PSNY.O said on Thursday its upcoming SUV model Polestar 7 will be manufactured at Volvo Cars' VOLCARb.ST under-construction factory in Slovakia, making it its first car to be made in Europe.
Reuters
Thu, Jul 3
U.S. House Republicans advance Trump tax-cut bill opening way for debate
WASHINGTON, July 3 (Reuters) - The Republican-controlled U.S. House of Representatives on Thursday advanced President Donald Trump's sweeping tax-cut and spending bill, a procedural step setting the stage for possible passage of the legislation in a vote expected later in the day.The House voted...Reuters
Thu, Jul 3
Russia poses growing military threat to NATO members, Italy says
ROME, July 3 (Reuters) - Russia could have the ability to pose a military threat to NATO territory within five years, Italy's Defence Minister Guido Crosetto said on Thursday.He was addressing lawmakers on the outcome of a NATO summit last week when the military alliance agreed to increase spend...Reuters
Thu, Jul 3
Afghan refugees stuck in Pakistan as Germany halts entry programme
New political climate sees entry programme for Afghans suspendedThousands of Afghans stuck in Pakistan in limboGermany says intends to halt humanitarian migration programmesBy Riham Alkousaa and Charlotte Greenfield BERLIN/ISLAMABAD, July 3 (Reuters) - In a cramped guesthouse in Pakistan's ca...Reuters
Thu, Jul 3
