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Stocks rally as hopes rise for end to US shutdown

European and Asian stock markets rallied Monday as investors cheered prospects that the US government shutdown could be nearing an end, after reports said lawmakers had reached a deal to break the record-breaking 40-day impasse.

China suspends 'special port fees' on US vessels

China said Monday it would suspend for one year "special port fees" on US vessels "simultaneously" with Washington's pause on levies targeting Chinese ships, as a fragile trade truce between the superpowers continues to take shape.

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Markets mixed as China-US talks end, eyes on tech earnings

Asian markets were mixed Wednesday as investors kept tabs on China-US developments after they agreed to further talks to extend their trade truce, while eyes were also on tech earnings and a key Federal Reserve meeting.

US Fed set to hold firm against Trump pressure

The US central bank is expected to defy political pressure and keep interest rates unchanged Wednesday at the end of a two-day policy meeting, as the effects of President Donald Trump's tariffs emerge.

Five products to be hit by Trump's incoming tariffs

The United States is set to raise tariffs on dozens of trading partners Friday if they fail to reach accords with President Donald Trump to avert the higher rates, and this risks raising prices for consumers.

US second quarter GDP growth to reflect tariff turbulence

US economic growth is expected to rebound in the second quarter, analysts said, in a momentary comeback reflecting trade shifts as companies tried to avoid the harshest of President Donald Trump's wide-ranging tariffs.

Global stocks mixed as market focus shifts to earnings deluge

Stock markets were mixed on Tuesday as investors started turning their attention from trade deals to a slew of company results coming this week.

Boeing reports smaller loss as CEO sees progress in turnaround

Boeing reported a smaller loss in the second quarter Tuesday after the company delivered more planes, with its CEO pointing to signs of stabilization in operations.

Gucci owner Kering posts 46% profit slump before new CEO arrives

French luxury group Kering reported Tuesday a 46 percent plunge in net profit during the first half, with sales slumping again at its flagship Gucci brand, as the group awaits a new CEO to try to regain its footing.

P&G estimates $1 bn tariff hit, plans some US price hikes

Procter & Gamble executives projected a $1 billion hit from US tariffs over the next year on Tuesday as the consumer products giant said it would institute limited price hikes in the United States.

Stock market attention shifts from trade deals to company results

Stock markets were mixed on Tuesday as investors started turning their attention from trade deals to a slew of company results falling this week.

Boeing reports smaller loss, sees more 'stability' in operations

Boeing reported a smaller loss in the second quarter Tuesday after the company delivered more planes, with its CEO pointing to signs of stabilization in operations.

Jeep owner Stellantis says has turned corner on sales

Jeep owner Stellantis said Tuesday that it sees sales revenue and profitability rebounding in the second half of the year despite taking a 1.5-billion-euro ($1.7-billion) hit from US tariffs.

Novo Nordisk cuts earning forecasts again, names new CEO

Danish drugmaker Novo Nordisk, known for its blockbuster diabetes and weight-loss treatments Ozempic and Wegovy, on Tuesday lowered its full-year earnings forecasts again as it unveiled a new chief executive to tackle "recent market challenges".

Spotify sees 12% rise in paid subscribers

Spotify saw paying subscribers rise 12 percent to 276 million customers in the second quarter of 2025, the world's top music streaming service said on Tuesday, though profits fell below expectations.

Barclays bank profit jumps on US tariffs volatility

British bank Barclays posted on Tuesday second quarter profits that beat expectations as traders benefitted from volatility in global markets caused by US President Donald Trump's tariff blitz.

Philips chops back US tariff bill

Dutch medical equipment manufacturer Philips said Tuesday that the impact of US tariffs would be much less than it initially estimated, sending its share price surging.

Violent videos draw more French teens into 'terror' plots, say prosecutors

One 14-year-old was allegedly planning to blow up an Israeli embassy, while a 16-year-old was convicted of having plotted to attack far-right bars incensed by "injustice".

Dubai airport logs record travellers in first half

Dubai International Airport welcomed a record 46 million passengers in the first half of this year, authorities said on Tuesday, despite disruptions due to the Iran-Israel war

Jeep owner Stellantis says has turned corner

Jeep owner Stellantis said Tuesday it sees sales revenue and profitability rebounding in the second half of the year despite taking a 1.5-billion-euro ($1.7-billion) hit from US tariffs.

Stock fluctuate as trade relief fades, eyes on data and earnings

Stocks were mixed Tuesday as the positivity sparked by recent US trade deals dissipated, with investors now focused on the release of key data and earnings, and the Federal Reserve's next policy meeting.

Afghans show solidarity as migrant returns from Iran surge

At the border with Iran, Fatima Rezaei distributes food and hygiene products to Afghans forced to return, unable to passively stand by as the deportation crisis grows.

Villagers win race to save UK pub, as thousands close

A nearly 200-year-old pub, the Radnor Arms in rural Wales stood abandoned a few years ago. Water ran down the walls, ivy crept around broken windows and rats' skeletons littered the floor.

EU car industry sees relief - and pain - in US trade deal

The car industry in the EU on Monday viewed the trade deal struck with the United States as a de-escalation -- but one that still puts sand in its gearbox.

AI Ray-Ban Meta glasses help EssilorLuxottica boost sales

EssilorLuxottica, the world's top maker of eyeglasses, said Monday a tripling of sales of Ray-Ban Meta AI connected glasses helped drive increase in profits.

Europe's carmakers still nervous despite EU-US trade deal

Europe's auto industry is relieved that the EU-US trade deal reduces short-term uncertainty but many, particularly in the struggling German sector, remain deeply worried about the long-term impact.

EU defends Trump trade deal in face of backlash

The European Union on Monday defended its trade deal with President Donald Trump, with EU capitals and businesses sharply divided on an outcome some branded a "capitulation".

Trump slashes Russia ultimatum to '10 or 12 days'

Donald Trump issued on Monday a dramatic new ultimatum to Russia to end the war in Ukraine or face tough new sanctions, as he met UK Prime Minister Keir Starmer in Scotland.

EU accuses online giant Temu over sale of 'illegal' products

The European Union accused Chinese-founded online shopping giant Temu on Monday of breaking the bloc's digital rules by not "properly" assessing the risks of illegal products.

Dollar rises on EU-US trade deal but European stocks turn sour

The dollar jumped Monday on the back of the US-EU trade deal struck on the weekend, but European stock markets dipped, reflecting unease at terms viewed as lopsided.

Trump says Gaza ceasefire 'possible' amid Starmer talks

Donald Trump said a ceasefire in Gaza was "possible", and stepped up warnings to Russia, as he met UK Prime Minister Keir Starmer at one of the US president's Scottish golf resorts on Monday.

Ireland's 'economic miracle' at risk from tariffs

The deal between the United States and the European Union may have averted a transatlantic trade war, but worries persist in Ireland where crucial sectors are dependent on US multinationals.

Stock markets, dollar rise on EU-US trade deal

Stock markets and the dollar advanced Monday after the European Union and United States struck a deal to avert a damaging trade war.

China to offer childcare subsidies in bid to boost birth rate

China's government will offer subsidies to parents to the tune of $500 per child under the age of three per year, Beijing's state media said Monday, as the world's second most populous nation faces a looming demographic crisis.

The China Mail - Economy (English)