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Exclusive-US and others propose e-commerce pact as WTO deadlock deepens

Exclusive-US and others propose e-commerce pact as WTO deadlock deepens

By Olivia Le Poidevin and David Lawder GENEVA/WASHINGTON, May 5 (Reuters) - The U.S. and a group of countries are planning to press ahead with their own moratorium on e-commerce duties if Brazil and Turkey continue to oppose an extension of a global deal at World Trade Organization talks on

Exclusive-G7 in talks to set up permanent unit to oversee critical minerals agenda

Exclusive-G7 in talks to set up permanent unit to oversee critical minerals agenda

By Pratima Desai and Julia Payne LONDON/BRUSSELS, May 5 (Reuters) - The Group of Seven countries are in talks to create a permanent secretariat to ensure initiatives to increase critical mineral supplies survive beyond the bloc's rotating presidencies, five sources familiar with the discussions said

Exclusive-Brazil pulp giant Suzano set to win full EU nod for $3.4 billion Kimberly-Clark deal, sources say

Exclusive-Brazil pulp giant Suzano set to win full EU nod for $3.4 billion Kimberly-Clark deal, sources say

By Foo Yun Chee BRUSSELS, May 5 (Reuters) - Brazil's Suzano, the world's largest pulp maker, is set to win unconditional EU antitrust approval for its $3.4 billion joint venture with U.S. consumer goods giant Kimberly-Clark, two people with knowledge of the matter said.

Analysis-Kone's new TK Elevator deal comes amid climate change on European champions

Analysis-Kone's new TK Elevator deal comes amid climate change on European champions

By Anne Kauranen, Elviira Luoma and Christoph Steitz HELSINKI/GDANSK/FRANKFURT, May 4 (Reuters) - Brussels' antitrust rules have already once helped derail an attempt to create the world's top lift maker, but Kone's proposed new tie-up with TK Elevator shows the Finnish group is banking on a change

Factbox-Airlines cancel flights in response to Middle East conflict

Factbox-Airlines cancel flights in response to Middle East conflict

May 4 (Reuters) - Middle Eastern carriers have ramped up capacity after severe disruption from the Iran war, while airlines outside the Gulf reroute flights between Europe and Asia away from major hubs in the region.

Trading Day: Rarified AIr

Trading Day: Rarified AIr

By Jamie McGeever ORLANDO, Florida, May 5 (Reuters) - The S&P 500 and Nasdaq sailed to new highs on Tuesday, riding the crest of yet another wave of optimism around the artificial intelligence boom.

Meta to expand teen safeguards to 27 EU countries, Facebook safeguards in June

Meta to expand teen safeguards to 27 EU countries, Facebook safeguards in June

(Fixes typographical error in headline) By Foo Yun Chee BRUSSELS, May 5 (Reuters) - Meta Platforms will expand technology safeguards for teen accounts to 27 European Union countries and to Facebook in the United States, the U.S. tech giant said on Tuesday, as it seeks to fend off criticism regarding

US industries, trade groups split over Trump's tariff probe on excess factory capacity

US industries, trade groups split over Trump's tariff probe on excess factory capacity

By David Lawder WASHINGTON, May 5 (Reuters) - Domestic U.S. industries are urging the Trump administration this week to impose higher tariffs to curb the rising tide of exports from China and other countries with excess factory capacity, while import-dependent and agriculture groups want a more

Europe shares inch lower as tariff threats drag automakers; investors assess Mideast progress

Europe shares inch lower as tariff threats drag automakers; investors assess Mideast progress

By Twesha Dikshit May 4 (Reuters) - European shares ticked lower on Monday as European automakers came under pressure following threats of a U.S. tariff hike, while investors awaited signs of progress in reopening the Strait of Hormuz. U.S.

Don't cut banks' capital requirements, ECB tells governments

Don't cut banks' capital requirements, ECB tells governments

FRANKFURT, May 4 (Reuters) - Euro zone governments should not lower banks' capital requirements as this would do little to boost credit while demand is weak and the environment is fraught with risks including war in the Middle East, European Central Bank chief supervisor Claudia Buch said on Monday.

New Mexico seeks changes to Meta platforms in youth harm trial

New Mexico seeks changes to Meta platforms in youth harm trial

By Diana Novak Jones May 4 (Reuters) - A trial is slated to begin in New Mexico on Monday that will test the state’s claims that Meta’s Facebook, Instagram and WhatsApp platforms harmed young users’ mental health and its bid for a court order forcing the company to make changes.

Motor racing-Wolff wary of Italy's World Cup failure adding to hype around Antonelli

Motor racing-Wolff wary of Italy's World Cup failure adding to hype around Antonelli

By Alan Baldwin MIAMI, May 3 (Reuters) - Mercedes team boss Toto Wolff said he would need to keep a handbrake on the hype as Kimi Antonelli's sensational start to the Formula One season provides Italy with a feelgood story after their soccer side's failure to qualify for the World Cup finals.