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The countries of the European Union are trying to create new alliances amid increased trade tensions with the United States and are planning to start free trade negotiations with Australia and New Zealand, Reuters reports. The EU expects that if the relevant trade agreements are concluded, then the EU's exports to these two countries may increase by one third. Reuters writes that the prospect of introducing US import tariffs on steel and aluminum, as well as possible US sanctions against Iran, may limit the activities of European companies. The EU has already concluded trade agreements with Japan, Mexico and Singapore. It is currently negotiating with the Mercosur bloc, which includes Argentina, Brazil, Paraguay and Uruguay.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
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