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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
House Republicans advance Trump's tax-cut bill to a final vote
Trump scores victory after marathon sessionFinal vote expected early Thursday morning Bill could add $3.4 trillion to national debt over a decadeRepublicans aiming to meet Trump's July 4 deadlineBy Bo Erickson, David Morgan and Richard Cowan WASHINGTON, July 3 (Reuters) - Republicans in the H...Reuters
Thu, Jul 3
Polestar Signs MoU With Volvo Cars To Make Polestar 7 In Kosice, Slovakia
July 3 (Reuters) - Polestar Automotive Holding UK Plc A4N1y.F:POLESTAR: SIGNED MOU WITH VOLVO CARS TO MAKE POLESTAR 7 IN KOSICE, SLOVAKIA, AHEAD OF PLANNED LAUNCH OF PREMIUM COMPACT SUV IN 2028Source text: [ID:]Further company coverage: [A4N1y.F]Reuters
Thu, Jul 3
China says it is willing to take lead in signing Southeast Asia nuclear weapon-free zone treaty
BEIJING, July 3 (Reuters) - China firmly supports establishing a Southeast Asia nuclear weapon free zone and has made clear its willingness to take the lead in signing the treaty, a Chinese foreign ministry spokesperson said on Thursday. "We stand ready to stay in communication with ASEAN countr...Reuters
Thu, Jul 3
US court officer recommends Dalinar's $7.38 billion bid for Citgo parent
July 3 (Reuters) - A court officer overseeing the auction for PDV Holdings, the parent of Venezuela-owned U.S. refiner Citgo Petroleum, has recommended Gold Reserve's GRZ.V subsidiary Dalinar Energy's $7.38 billion bid, Gold Reserve said in a statement on Thursday.A group led by commodities ...Reuters
Thu, Jul 3
AirAsia in talks to convert some Airbus orders into long-range jet orders, sources say
PARIS/SEOUL, July 3 (Reuters) - Budget airline AirAsia is in negotiations with Airbus AIR.PA to convert some existing narrow-body plane orders to the long-range A321XLR model as it sets a path out of restructuring, two industry sources said on Thursday.Tony Fernandes, CEO of AirAsia owner Capital A ...Reuters
Thu, Jul 3
Indonesia, US partners to sign memorandum of understanding ahead of tariff negotiation deadline
JAKARTA, July 3 (Reuters) - Indonesia will sign a memorandum of understanding with business partners from the United States as part of tariff negotiations ahead of the July 9 deadline, said Airlangga Hartarto, Indonesia's chief economic minister, on Thursday.Reuters
Thu, Jul 3
E3 Lithium Announces Results From Annual General And Special Meeting, Election Of Board Chairperson & Appoints New Chief Financial Officer
July 3 (Reuters) - E3 Lithium Ltd ETL.V:E3 LITHIUM ANNOUNCES RESULTS FROM ANNUAL GENERAL AND SPECIAL MEETING, ELECTION OF BOARD CHAIRPERSON, AND APPOINTS NEW CHIEF FINANCIAL OFFICERE3 LITHIUM LTD - APPOINTS BRIAN NEWMARCH AS CFOReuters
Thu, Jul 3
Russian car sales seen down 24% in 2025, AEB industry group says
MOSCOW, July 3 (Reuters) - The Association of European Businesses (AEB) has cut its forecast for Russian car sales in 2025 to 1.25 million units, a 24% decline compared to 2024.In January, the AEB said it expected new passenger car sales in Russia would decrease by 15% year-on-year to 1.4 million un...Reuters
Thu, Jul 3
Kongsberg Automotive cuts costs amid weak truck market, affecting 150 jobs
July 3 (Reuters) - Kongsberg Automotive KOA.OL expects around 150 roles to be affected by a cost-cutting plan as it looks to streamline operations amid soft truck demand, trade tensions and a weaker market outlook, it said on Thursday.The overhead cost reduction plan is set to save 15 million euros ...Reuters
Thu, Jul 3
