Europe should brace for U.S. tariffs on several fronts: German official
European Union member states should brace for U.S. tariffs on several fronts in the months ahead, a senior German official warned late on Tuesday, just hours before Washington launched a probe of a planned French digital tax that could trigger future t…
Ryanair sees risk to 2020 growth if 737 MAX grounded beyond November
The boss of Europe’s Ryanair Holdings warned on Wednesday the impact of the prolonged grounding of Boeing Co’s 737 MAX on the airline’s growth plans may start to spill over to next summer if the airplane is not flying again by November.
U.S. to probe French plan to tax tech companies
U.S. President Donald Trump on Wednesday ordered an investigation into France’s planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions.
IBM proposes changes to law shielding internet firms from user content liability
International Business Machines Corp proposed changes to a 1996 law that protects internet companies from liabilities related to what users post on their platforms.
U.S. Fed policy-makers debate merit of a repo facility
Federal Reserve officials argued the pros and cons of a possible policy tool that allows banks to borrow from the U.S. central bank using Treasuries and other securities as collateral, minutes of the Fed’s June policy meeting released on Wednesday show…
Powell testimony, Fed meeting highlight case for ‘insurance’
A confidence shock driven partly by the U.S. trade war is at the center of an increasingly persuasive argument for Federal Reserve policymakers seriously considering cutting rates for the first time in a decade.
Wall Street touches new highs after comments by Fed’s Powell
U.S. stocks ended higher and the S&P 500 index briefly crossed the 3,000-point mark for the first time on Wednesday as remarks by Federal Reserve Chairman Jerome Powell reassured investors about the potential for an interest rate cut later this month.
U.S. oil companies slash Gulf of Mexico production as storm bears down
U.S. oil producers on Wednesday cut nearly a third of Gulf of Mexico crude output as what could be one of the first major storms of the Atlantic hurricane season threatened offshore oil production and began soaking Louisiana with heavy rains.
Ryanair says Boeing eyes MAX flights by October, cites 2020 growth risk
Ryanair may have to trim plans to grow its capacity in the summer of 2020 if the grounded 737 MAX is not flying again by November because of the rate at which it needs to take new deliveries over the winter, its chief executive said on Wednesday.
U.S. to probe French plan to tax tech companies: source
U.S. President Donald Trump will order an investigation into France’s planned tax on technology companies that could potentially lead to the United States imposing new tariffs or other trade restrictions, a source briefed on the matter said Wednesday.
