Reports that a senior Pentagon official has been telling America’s European allies to stay away from the Indo-Pacific may be a sign that Washington will ask its Asian allies to shoulder more responsibility for countering China, according to some analysts. The report cited sources who interpreted the Pentagon’s No 3 as “basically saying ‘You have…
By Alessandro Parodi (Reuters) -Global sales of electric and plug-in hybrid vehicles jumped 24% in June from a year ago, as a switch to electric vehicles maintained momentum in China and Europe, market research firm Rho Motion said on Tuesday. Still, EV sales in the United States were down 1% in the month and will…
By Kanishka Singh WASHINGTON (Reuters) -Hackers broke into the X account of Sesame Street character Elmo and posted antisemitic and racist messages, the makers of the children’s TV show said on Monday. The Sunday posts, which have been deleted, called for violence against Jews, insulted President Donald Trump and demanded the release of government files…
ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist World markets were, on the whole, pretty buoyant on Monday as investors shrugged off U.S. President Donald Trump’s latest tariff threats over the weekend and braced for a deluge of top-tier economic data from the U.S. and…
By Amina Niasse NEW YORK (Reuters) -President Donald Trump’s spending bill is set to raise administrative costs and make managing costs more difficult for insurers like UnitedHealthcare and CVS Health’s Aetna that operate Medicaid health plans, experts say. As a result, those insurers will likely pull back their Medicaid coverage and invest more in existing…
China and the United States de-escalated their bruising trade war in talks last month (Hector RETAMAL) China’s exports jumped in June, official data showed Monday, beating forecasts in a month when Washington and Beijing agreed a tentative deal to lower swingeing tariffs on each other. Data from the General Administration of Customs said exports rose…
Cole Palmer scored two goals and made another as Chelsea stunned Paris Saint-Germain in the final of the Club World Cup on Sunday, beating the European champions 3-0 before lifting the trophy alongside US President Donald Trump. PSG were the favourites after coming to the United States fresh from winning the Champions League and having…
By Lisa Baertlein LOS ANGELES (Reuters) -U.S. seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump’s administration to follow through on a promise to essentially ban that vital cargo-handling equipment. The United States Trade Representative (USTR) earlier this year proposed tariffs of up…
By Katha Kalia, Eric Onstad and Ernest Scheyder (Reuters) -MP Materials unveiled a multibillion-dollar deal with the U.S. government on Thursday to boost output of rare earth magnets and help loosen China’s grip on the materials used to build weapons, electric vehicles and many electronics. Under the deal, which sent MP’s shares up nearly 50%,…
By Rocky Swift TOKYO (Reuters) -The dollar rose for a third day against the yen on Wednesday as U.S. President Donald Trump pledged more trade-related proclamations after announcing 25% tariffs on Japan and other trade partners. The greenback advanced against major peers on Tuesday after Trump began telling trade counterparts that sharply higher U.S. tariffs…