WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Wednesday called on China to uphold its commitments under an initial U.S. trade agreement reached in Geneva last month, hours after he and other U.S. and Chinese officials agreed on a new framework to implement the deal. Bessent said in testimony before the House of Representatives Ways…
MADRID (Reuters) -Spain and Portugal switched their power back on after the worst blackout in their history, though authorities offered little explanation for what had caused it or how they would prevent it happening again. Traffic lights were back on, train and metro services slowly returned and schools reopened. Commuters battled with delays to get…
MEXICO CITY (Reuters) – Mexico’s economy likely remained flat in the first three months of 2025 as a result of uncertainty generated by U.S. President Donald Trump’s fluctuating tariff policies, a Reuters poll showed on Tuesday. Gross Domestic Product (GDP) likely sat at 0.0% in the first quarter in seasonally adjusted terms, according to the…
(Reuters) -British luxury brand Burberry is evaluating potential candidates to succeed Gerry Murphy as chairman, Sky News reported on Tuesday. While Murphy is not expected to step down this year, the exact timing of his departure has not been formally determined, the report said, citing insiders. Murphy, who took over from Sir John Peace in…
By Jody Godoy (Reuters) -The head of the U.S. Department of Justice’s antitrust division laid out a vision for “America First” antitrust in her first public speech on Monday, calling it a way to prevent corporate regulation. Robust antitrust enforcement, including merger enforcement, is necessary as a check on the free market that will ultimately…
By Doyinsola Oladipo NEW YORK (Reuters) -Kimberly Hilliard, co-founder of a five-year-old travel agency in Maryland, says at this time of year she usually fields up to 10 inquiries a week from clients eager to book vacations, but for much of the past month her phones have gone quiet. The unusual lull in Hilliard’s business…
(Reuters) -China’s foreign ministry has asked all parties involved in CK Hutchison’s planned sale of most of its ports operations to a BlackRock-led consortium to “act prudently,” state news agency Xinhua reported on Monday. The sale by the Hong Kong conglomerate, which contains two ports adjacent to the strategically important Panama Canal, has become highly…
By Karen Brettell NEW YORK (Reuters) -The U.S. Treasury Department is expected to leave most of its auction sizes unchanged for the fifth straight quarter when it announces its refunding plans on Wednesday, but investors will focus on any clues about increases further down the road, or on the likelihood of a possible near-term cut….
(Reuters) -Chinese social media platform TikTok will enter the online shopping industry in Japan within the next few months, the Nikkei newspaper reported on Sunday. The company is preparing to recruit sellers soon for its e-commerce arm TikTok Shop in Japan, Nikkei said, citing a source involved in the operations. TikTok did not immediately respond…
By Maki Shiraki and Makiko Yamazaki TOKYO (Reuters) -Toyota Motor said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries – a buyout that reportedly could cost $42 billion. “We are currently exploring various possibilities, including partial investment,” the automaker said in a filing with the Tokyo…
