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Europe's carmakers still nervous despite EU-US trade deal
Europe's auto industry is relieved that the EU-US trade deal reduces short-term uncertainty but many, particularly in the struggling German sector, remain deeply worried about the long-term impact. - German industry woes - The German auto sector stands to be hit particularly hard, with the United States the top market for German vehicle exports last year, receiving about 13 percent of the total.
Telegram's Durov questioned in France over alleged illegal content on app
Telegram founder Pavel Durov faced questioning by investigating magistrates in Paris on Monday about the platform's alleged complicity in criminal activity, sources close to the case said. Arriving at the Paris courthouse on Monday morning, the Russian-born entrepreneur faced his third round of questioning since being charged with multiple infractions linked to enabling organised crime.
EU accuses online giant Temu over sale of 'illegal' products
The European Union accused Chinese-founded online shopping giant Temu on Monday of breaking the bloc's digital rules by not "properly" assessing the risks of illegal products. "Evidence showed that there is a high risk for consumers in the EU to encounter illegal products on the platform," the European Commission said in its preliminary finding.
EU defends Trump trade deal facing backlash
The European Union on Monday vehemently defended its trade deal with President Donald Trump, with EU capitals and businesses sharply divided on an outcome some branded a "capitulation". - 'Not only about trade' - "It looks a bit like a capitulation," said Alberto Rizzi of the European Council on Foreign Relations (ECFR).
Brussels says EU-US deal 'better than trade war' with Trump
The EU's top negotiator on Monday defended a trade agreement with the United States to avert steeper tariffs as "the best deal we could get under very difficult circumstances". "I'm 100 percent sure that this deal is better than a trade war with the United States," EU trade commissioner Maros Sefcovic told journalists.
Ireland's 'economic miracle' at risk from tariffs
The deal between the United States and the European Union may have averted a transatlantic trade war, but worries persist in Ireland where crucial sectors are dependent on US multinationals. But "higher tariffs than there have been" will make transatlantic trade "more expensive and more challenging," he added.
Starmer to press Trump on Gaza, trade in Scotland talks
UK Prime Minister Keir Starmer will press Donald Trump on ending "the unspeakable suffering" in Gaza, and also talk trade, when they meet Monday at the US president's golf resort in Scotland, Downing Street said. Starmer is expected to "welcome the president's administration working with partners in Qatar and Egypt to bring about a ceasefire in Gaza," a Downing Street spokesperson said.
CK Hutchison eyes 'major' Chinese investor for Panama ports deal
Hong Kong conglomerate CK Hutchison said Monday it was considering inviting a Chinese "major strategic investor" to join a US-led consortium negotiating the sale of its global ports business outside China, including operations at the Panama Canal.
Heineken sees beer sales dip but keeps profit outlook
Dutch brewer Heineken sold less beer in the first half of the year, it announced Monday, as a slump in sales in Europe and the US failed to offset better performance in Asia. Heineken said total sales were 14.2 billion euros in the first half year, compared with 14.8 billion euros in the first six months of 2024.
AFP
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