Report: Trump and JD Vance among targets of major Chinese cyberattack
Eleanor Butler
US restricts TSMC chip supply shipments to China as tech race heats up
The Trump administration is revoking TSMC’s licence to ship products freely from the US to China, effective on 31 December.
Trump threatens tariffs on nations imposing digital taxes on US tech
The president said the taxes against US firms “give a complete pass to China’s largest tech companies”.
Keurig Dr Pepper to buy European coffee firm JDE Peet’s in €16bn deal
As part of the deal strategy, the companies will break up their coffee and soft-drinks units.
Germany’s GDP contraction worse than expected after tariff boost
The economy had seen a slight uptick at the start of this year as businesses sought to get ahead of tariffs, but the country has now slipped back into contraction territory.
ADVERTISEMENT
Mediobanca shareholders reject bid to acquire Banca Generali
The rejection could threaten Mediobanca’s independence as the Milanese lender seeks to fend off a takeover by Italian competitor MPS.
Pop Mart shares rise 12% as Labubu maker announces new mini doll
The firm announced the launch of a new Labubu doll as the furry elf toys continue to take the world by storm.
UK job vacancies fall at a slower pace while wage growth holds steady
Payrolled employment decreased by 8,000 in July compared with June, the smallest decline since a modest rise in January.
Chipmakers Nvidia and AMD to pay 15% of China revenue to US government
The unprecedented deal is part of a bargain to secure US export licenses for the Chinese market.
Gold futures rise after report Trump has placed tariffs on gold bars
The futures reached a record high on Friday after the US reportedly placed tariffs on imports of one-kilo gold bars.
Trump declares 100% computer chip tariff unless firms build in the US
The announcement comes more than three months after Trump temporarily exempted most electronics from his administration's most onerous tariffs.
BP launches cost-cutting scheme despite beating profit expectations
The business review comes just a few months after BP said it would save $4bn to $5bn by the end of 2027, relative to 2023 costs.
Europe’s M&A market is alive and kicking - in spite of the odds
Geopolitical unrest and trade uncertainty are complicating mergers and acquisitions (M&A). Despite the volatility, battle-hardened executives are pushing ahead with dealmaking.
Rheinmetall secures €770mn order from German army amid defence boom
The deal for more than 1,000 logistics vehicles comes as Europe ramps up military spending in response to global tensions.
Italy hands fast fashion retailer Shein €1 million greenwashing fine
The decision comes after France fined the retailer €40m in July over fake discounts and misleading environmental claims.
Trump administration sues California over egg prices, blames red tape
Egg prices in the US spiked earlier this year amid a bird flu outbreak that led to mass cullings, although costs are now dropping.
Italy's Ferrero to buy WK Kellogg in $3.1 billion deal
The deal could allow the chocolate maker to establish a strong foothold in the US cereal market.
German Chancellor says he’s confident EU-US trade deal will come soon
The EU is working to avoid a tariff rate as high as 50% ahead of a 1 August deadline. It now appears that a 10% duty is on the table.
US copper prices soar after Trump threatens 50% tariff on imports
The 50% duty would match the rate placed on steel and aluminium imports. The president also said he plans to impose a tariff of up to 200% on pharmaceutical drugs.
China sees consumer price inflation in positive territory in June
CPI inflation climbed into the green for the first time since January, although producer prices remain in deflationary territory.
Daimler Truck plans to cut around 5,000 jobs in Germany
The announcement comes as Daimler Truck holds its Capital Markets Day on Tuesday in North Carolina in the US.
ADVERTISEMENT