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Struggling German steel giant Thyssenkrupp plans major overhaul
Thyssenkrupp said Monday it planned a major overhaul that will split the vast conglomerate into several standalone businesses, fuelling fears about further job losses and a looming break-up of the historic German industrial titan.
Trump delays EU tariffs until July 9
US President Donald Trump said on Sunday that he would pause his threatened 50-percent tariffs on the European Union until July 9, after a "very nice call" with European Commision president Ursula von der Leyen. But he agreed on Sunday to delay the tariffs until July 9 after von der Leyen said the European Union needed more time to negotiate.
Misinformation casts shadow on US-China trade truce
From false claims of Americans panic-buying Chinese goods to bot-driven attacks on US brands, a tide of misinformation is casting a shadow over a temporary trade truce between Washington and Beijing.
Asian markets mixed as Trump dials down after EU tariff threat
Asian stocks were mixed Monday after Donald Trump thrust his trade war back into the spotlight by threatening the European Union with huge tariffs before extending a deadline for their implementation.
OPEC+ expected to open taps more despite price slump
Despite oil trading low at $60, OPEC+ this week is expected to continue to further open the taps. In past months, Saudi Arabia, Russia and six other OPEC+ members have surprised markets by announcing a sharp increase in oil production for May and June despite the low prices.
EU chief vows to advance trade talks after 'good' Trump call
EU chief Ursula von der Leyen said Sunday she held a "good call" with President Donald Trump following his threat of 50-percent tariffs on the bloc, vowing to move "swiftly" to reach a trade deal with Washington.
UK renationalises first train operator under Labour reforms
A private train operator servicing parts of southern England, including London, on Sunday became the first to be returned to public ownership under a government plan to renationalise Britain's much-maligned railways.
In India's congested cities, delivery apps cash in
In India's sprawling financial hub of Mumbai armies of "dabbawalas" have for decades crisscrossed the city by foot and bicycle, delivering home-cooked food to office workers who are keen to avoid the searing heat and traffic-snarled streets.
'Palme d'Or whisperer': US distributor Neon picks Cannes winner again
An independent movie distributor founded eight years ago has picked the winning film at the Cannes film festival for a stunning sixth consecutive time. The company was founded by Tom Quinn who spent decades working in indie films with producers including Harvey Weinstein before deciding to branch out on his own. adp/ah/jj
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