Scottish whisky makers reel over U.S. tariffs in row over EU subsidies
Scottish whisky makers said on Thursday jobs and investment were at risk after the United States slapped a 25% tariff on their single malt spirit and France said the European Union could respond in the row over EU aircraft subsidies.
PepsiCo’s quarterly profit beats as advertising push pays off
PepsiCo Inc beat quarterly revenue and profit estimates on Thursday, as ramped up advertising and new low calorie versions of Gatorade boosted demand for its beverages in North America.
UK says seeking confirmation from WTO it has complied with rulings
Britain said on Thursday it was seeking confirmation from the World Trade Organization that it had complied fully with its rulings and should not be facing tariffs.
Trump on WTO case: ‘This case going on for years, a nice victory!’
U.S. President Donald Trump on Thursday hailed a “nice victory” after the World Trade Organization gave Washington a green light to impose tariffs on $7.5 billion worth of EU goods annually as punishment for illegal aircraft subsidies.
Tokio Marine to buy U.S. insurer Pure Group for about $3 billion
Tokio Marine Holdings Inc will buy insurer Pure Group for about $3.1 billion, it said on Thursday, marking its fourth sizable acquisition in the United States in a little over a decade.
Axon boosts encryption, weighs blockchain to tackle body-cam ‘deepfakes’
Axon Enterprise Inc, the leading maker of U.S. police body cameras, began shipping new devices last week with security upgrades it says could aid in thwarting and discrediting “deepfake” videos.
U.S. tariffs on EU products to affect $1 billion euros of Spanish exports: farmers’ association
U.S. tariffs on European Union products would affect around 1 billion euros ($1.10 billion) of Spanish agricultural products per year, Spanish agricultural association COAG said on Thursday.
Oil slips further below $58 as economic gloom weighs
Oil slipped further below $58 a barrel on Thursday, pressured by concerns about global economic growth, oil demand and signs of excess supply despite OPEC-led cuts.
Trade fears, growth woes haunt global stocks as bond yields slide
World stocks hovered near four-week lows on Thursday and yields on major benchmark bonds slipped after Washington moved to impose new tariffs on European goods, fuelling fears about global growth and dousing risk appetite.
Scotch Whisky Association says tariffs will hurt Scotland, urges restraint
A move by the United States to slap a 25% tariff on single malt Scotch whisky will damage the industry and hurt jobs and investment in Scotland, the sector’s trade association said on Thursday, as it urged restraint on all sides.
