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Business
Nike expects US tariffs to cost it $1bn and warns of falling sales
The ailing US sportswear company reported falling revenues and income. Its fiscal guidance for the current quarter nonetheless gave investors a glimmer of hope, pushing the share price up around 10% in after-hours trading in the US.
Europe News
Let's create a new World Trade Organization - Von der Leyen
European Commission chief Ursula von der Leyen has proposed to EU leaders the launch of a Europe-led initiative to establish a structured trade cooperation with Asian countries, potentially laying the groundwork for an alternative to the gridlocked World Trade Organisation (WTO).
Business
German and French industry united on US aircraft sector tariffs
The German aerospace industry has told Euronews it is aligning with its French counterpart in supporting EU retaliatory measures that target US finished aircraft rather than spare parts, citing the interdependence of transatlantic production lines.
Belgium
Middle East conflict adds uncertainty to trade tension, IMF chief says
Former European Commission Vice-President and current IMF chief Kristalina Georgieva spoke to Euronews about the state of the global economy amid escalating trade tensions and the outbreak of a new conflict involving Iran.
Europe News
EU targets US 'Big Beautiful Bill' over tax provision in tariff talks
The US budget bill could impose a tax of up to 20% on US-sourced income received by foreign investors. The provision of the bill, which has raised concerns within the EU, is currently part of the ongoing negotiations on tariffs, according to EU lawmaker Markus Ferber.
