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EU’s Russia sanctions to target companies in Vietnam and Turkey

Bloc’s latest package of measures targets more than 20 businesses it accuses of helping Moscow evade restrictions

Published on: May 06, 2025 | Source: Financial Times - World favicon Financial Times - World

Royal Navy chief Ben Key steps down

Change of top brass comes ahead of UK government’s strategic defence review

Published on: May 06, 2025 | Source: Financial Times - World favicon Financial Times - World

UK and India strike a trade deal amid U.S.-led tariff tensions

The deal will see India gradually lower import taxes, with the vast majority of goods traded becoming "fully tariff-free within a decade."

Published on: May 06, 2025 | Source: CNBC International favicon CNBC International

Paul Tudor Jones says stock market will hit new lows even if Trump cuts China tariffs to 50%

The widely followed investor believes stocks haven't found a bottom as macroeconomic conditions continue to deteriorate.

Published on: May 06, 2025 | Source: CNBC International favicon CNBC International

Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit

Luxury carmaker Ferrari on Tuesday reported a significant upswing in first-quarter profit, citing robust demand for personalized vehicles.

Published on: May 06, 2025 | Source: CNBC International favicon CNBC International

Israel β€˜disables’ Yemen’s main airport with air strikes

Attacks come in retaliation after Houthi missile hits Ben Gurion airport on Sunday

Published on: May 06, 2025 | Source: Financial Times - World favicon Financial Times - World

Taiwan dollar eases after historic surge as officials deny currency talks with U.S.

Investors are watching closely central bank actions after chatter that the authorities were tolerating a stronger currency to win concessions from the U.S.

Published on: May 06, 2025 | Source: CNBC International favicon CNBC International

DoorDash strikes Β£2.9bn deal for Deliveroo

UK food delivery company had been struggling since going public four years ago

Published on: May 06, 2025 | Source: Financial Times - World favicon Financial Times - World

Trump trade tariffs slump widens to 'nearly all U.S. exports,' supply chain data shows

U.S. exports are dropping at nearly all ports, while importers face a June deadline to bring trade into the country to avoid empty store shelves.

Published on: May 06, 2025 | Source: CNBC International favicon CNBC International

Ford suspends 2025 guidance amid $2.5 billion tariff impact

Ford Motor beat Wall Street's first-quarter expectations, but suspendedits 2025 financial guidance amid an expected $2.5 billion impact this year from tariffs.

Published on: May 06, 2025 | Source: CNBC International favicon CNBC International

Hugo Boss warns U.S. tariffs, immigration uncertainty dampening domestic and tourist spend

Hugo Boss on Tuesday pointed to deteriorating U.S. consumer confidence, with uncertainty around tariffs and immigration policy dampening both domestic and tourist spend in its largest single market.

Published on: May 06, 2025 | Source: CNBC International favicon CNBC International

U.S. retailers scramble to secure China-made Christmas merchandise as tariff uncertainty persists

As Chinese factories and their U.S. buyers try to navigate tariff uncertainty, there's a concern about whether products will arrive in time for Christmas.

Published on: May 06, 2025 | Source: CNBC International favicon CNBC International

DoorDash to buy British food delivery firm Deliveroo for $3.9 billion in overseas push

British food delivery firm Deliveroo on Tuesday said it has agreed to a takeover offer from American rival DoorDash that values the company at 2.9 billion.

Published on: May 06, 2025 | Source: CNBC International favicon CNBC International

Temu and Shein face massive tariffs. But don't count them out of the U.S. e-tail scene, experts say

Despite Temu and Shein facing Trump's high China tariffs, e-commerce experts say they are still capable of competing with rivals in the U.S.

Published on: May 06, 2025 | Source: CNBC International favicon CNBC International

CNBC Daily Open: The Trump movie thriller no one wants to watch

Out of all the tariff actions U.S. President Donald Trump has announced, the 100% levy on movies produced outside the U.S. ranks as one of the most bizarre.

Published on: May 06, 2025 | Source: CNBC International favicon CNBC International

CNBC Daily Open: A tariff on movies is a typical Trump cliffhanger

Out of all the tariff actions U.S. President Donald Trump has announced, the 100% levy on movies produced outside the U.S. ranks as one of the most bizarre.

Published on: May 06, 2025 | Source: CNBC International favicon CNBC International

Credit Suisse to pay $511 million for helping U.S. taxpayers hide over $4 billion overseas

"Credit Suisse AG committed new crimes and breached its May 2014 plea agreement," the DOJ said in announcing the penalty with the UBS subsidiary.

Published on: May 06, 2025 | Source: CNBC International favicon CNBC International

Trump to block Harvard from federal grants

Elite US university in the president’s crosshairs for alleged leftwing bias

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

No quick fix for trade rift between China and US

A deal could lower tariffs’ current prohibitive levels but they will still probably be meaningfully higher than at the start of the year

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Here are the SpaceX employees who were elected to run Musk's new company town of Starbase, Texas

Elon Musk's SpaceX prevailed in an election over the weekend to turn Starbase into a city that's now led by employees.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

US oil output has peaked amid price fall, top shale producer warns

Crude fell to four-year lows on Monday on Opec supply increases and fear that tariffs will hurt demand

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Palantir shakes off defence spending concerns with boost to revenue outlook

Data intelligence group reports forecast-beating first-quarter and lifts full-year forecasts

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Where Trump is likely getting his $1.98 gas price figure

U.S. drivers were paying $3.165 per gallon on average Monday, according to the motorist association AAA.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

Palantir shares fall as company reports in-line earnings, lifts full-year guidance

Palantir boosted its guidance for the year on Monday, as net income in the latest quarter more than doubled.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

Trump, Jon Voight meeting led to Hollywood tariff proposal, his manager says

A White House spokesman said "no final decision on foreign film tariffs have been made," a day after President Trump's announcement of a tariff plan.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

Macron says Trump’s academic crackdown threatens US

French president warns that curbing scientific research puts America’s economy and democracy at risk

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

FirstFT: OpenAI abandons plans to convert into a for-profit company

Also in today’s newsletter, Taiwan dollar surges, and film industry reels over Trump’s tariff threats

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Big Four accounting firm PwC to slash 1,500 US jobs

Move comes as it struggles with low staff turnover

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Berkshire shares slip as Warren Buffett prepares to step aside as CEO

Conglomerate votes in favour of vice-chair Greg Abel’s promotion to top job next year

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Ford expects $1.5bn profit hit from Trump tariffs

Carmaker withdraws financial guidance and warns of potential of US’s policies to cause industry-wide disruption

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Skechers to be acquired by 3G Capital in take-private deal, shares soar 24%

Footwear giant Skechers will be acquired by 3G Capital for $63 per share, a 30% premium to its current valuation on the public markets.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

EU set to make it easier for UK professionals to work in the bloc

Brussels due to propose legislation to enable the recognition of qualifications of British lawyers and others

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Messaging app used by Trump official suspends operations after reported hack

Trump previously discouraged his officials from using Signal following "Signalgate," when Mike Waltz added a journalist to a private chat of pending war plans.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

OpenAI ditches plan to convert to for-profit business

Decision to leave non-profit arm in control of group comes after pressure campaign by Elon Musk

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

OpenAI says nonprofit will retain control of company, bowing to outside pressure

OpenAI will continue to be controlled by a nonprofit as it restructures into a commercial entity, the AI startup said on Monday.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International