President Donald Trump said Saturday the U.S. will impose a 30% tariff on goods from the European Union and Mexico that will take effect on Aug. 1. Trump revealed the new rates in letters to European Commission President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum, which he posted on his social media site…
European markets slide at open Sentiment has clearly soured in Europe after four days of solid gains, with all Stoxx 600 sectors except oil and gas and insurance opening in the red on Friday. The regional index was 0.46% lower at 8:10 a.m. in London. Stock Chart IconStock chart icon Stoxx 600 index. BP flags…
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German factory orders slump Manufacturing orders in Germany tumbled 1.4% month on month in May, statistics office Destatis said Friday, well below the expectations of a 0.1% decline forecast in a Reuters poll of analysts. Orders were up 5.3% year on year. The monthly fall was primarily due to a 17.7% drop in computer, electronic and…
Russian President Vladimir Putin and U.S. President Donald Trump. Mikhail Metzel | Evelyn Hockstein | Via Reuters President Donald Trump said he will speak to Russian President Vladimir Putin on Thursday at 10 a.m. ET. The call, announced by Trump in a Truth Social post, comes two days after the U.S. said it would halt…
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Defense stocks jump HMS Venturer is rolled out from the build hall at Babcock Rosyth on May 27, 2025, in Rosyth, Scotland. Jeff J Mitchell | Getty Images European defense stocks rallied on Wednesday morning, as world leaders gather in The Hague, Netherlands, for the annual NATO summit. The military alliance’s 32 member states, with…
Good morning, here are the opening calls London at dawn. Dukas | Universal Images Group | Getty Images Good morning from London, and welcome to CNBC’s live blog covering European financial markets and the latest regional and global business news, data and earnings. Futures data from IG suggests a choppy start for European markets, with…
A little-known Swedish stock doubles after deal with Alibaba Shares of a little-known Swedish company Bambuser are up around 75% this morning after it revealed details of a deal with China’s Alibaba. Bambuser said it has partnered with Alibaba Cloud, the technology subsidiary of the Chinese giant, to make its live video shopping technology available…
UK spared from Trump’s 50% metals tariff U.S. President Donald Trump’s increased tariffs on steel and aluminum imports to the U.S. hit major trade partners on Wednesday, but the U.K. was spared from the full impact. The executive order will double steel and aluminum tariffs from 25% to 50%, from Wednesday. Countries that will face…
