Investing.com -- British stocks were lower on Friday afternoon after Donald Trump threatened a 50% tariff on the European Union, dragging down European indexes, while the British GBP/USD held at 1.35 for the first time since February 2022, supported by a weaker dollar and strong U.K. retail sales data.The blue-chip index FTSE 100 closed over 0.2% lower after the tariff threat, erasing earlier gain ...
PARIS (Reuters) - European luxury shares tanked on Friday as U.S. President Donald Trump said he is recommending a straight 50% tariff on goods from the European Union starting on June 1. Europe’s luxury industry, producing handbags, shoes, fashion items and champagne among other prized goods, is highly exposed to the U.S. market, which was seen as the sector’s best hope for growth this year&n ...
By Tim Hepher PARIS (Reuters) -Airbus has appointed its top executive in South Asia to be its next head of technology in a shake-up of design and engineering as it studies options for a successor to its best-selling A320neo jetliner, an internal memo showed on Friday. Remi Maillard, currently head of Airbus India and South Asia, will lead Research & Technology across the European aerospace gro ...
By Sheila Dang HOUSTON (Reuters) - Top U.S. oil producer Exxon Mobil (NYSE:XOM) and Hess (NYSE:HES) will meet face-to-face on Monday in a court hearing to determine the fate of Chevron (NYSE:CVX)’s $53 billion deal to buy Hess and with it a prized stake in Guyana’s prolific oilfields. The planned acquisition, announced in October 2023, is one of the oil industry’s biggest deals in years. ...