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European pharma industry still worried about tariffs
The European pharmaceutical industry said Tuesday that it remained concerned a EU-US trade deal reached at the weekend does not provide certainty for critical sector. The EFPIA trade association for the European pharmaceutical industry said it was monitoring announcements on the details of the deal "as key implications for the pharmaceutical sector remain uncertain".
Chinese, US officials meet for 2nd day of trade talks in Stockholm
Chinese and US delegations met for their second day of trade negotiations in Stockholm, with both sides said to be aiming to extend a truce due to end in two weeks' time. The 90-day truce is meant to end on August 12.
Barclays bank profit jumps on US tariffs volatility
British bank Barclays posted on Tuesday second quarter profits that beat expectations as traders benefitted from volatility in global markets caused by US President Donald Trump's tariff blitz. The bank said the boost to its global markets income reflected "continued support provided to clients through a volatile market environment".
Philips chops back US tariff bill
Dutch medical equipment manufacturer Philips said Tuesday that the impact of US tariffs would be much less than it initially estimated, sending its share price surging. It said Tuesday it now expects between 150 and 200 million euros impact from US tariffs this year.
Dubai airport logs record travellers in first half
Dubai International Airport welcomed a record 46 million passengers in the first half of this year, authorities said on Tuesday, despite disruptions due to the Iran-Israel war The facility marked its busiest first half on record with a 2.3 percent year-on-year growth, Dubai Airports said in a statement, "despite temporary regional airspace disruptions in May and June".
Jeep owner Stellantis says has turned corner
Jeep owner Stellantis said Tuesday it sees sales revenue and profitability rebounding in the second half of the year despite taking a 1.5-billion-euro ($1.7-billion) hit from US tariffs.
Stock markets fall as trade relief fades, eyes on data and earnings
Stocks fell Tuesday as the positivity sparked by recent US trade deals dissipated, with investors now focused on the release of key data and earnings, and the Federal Reserve's next policy meeting. Investors are also looking ahead to a busy few days that includes earnings from tech titans Apple, Microsoft, Meta and Amazon, as well as data on US economic growth and jobs creation.
Villagers win race to save UK pub, as thousands close
A nearly 200-year-old pub, the Radnor Arms in rural Wales stood abandoned a few years ago. By 2012, all except the Radnor Arms had shut down.
AI Ray-Ban Meta glasses help EssilorLuxottica boost sales
EssilorLuxottica, the world's top maker of eyeglasses, said Monday a tripling of sales of Ray-Ban Meta AI connected glasses helped drive increase in profits. EssilorLuxottica said AI glasses gained momentum in the first half of the year, with Ray-Ban Meta more than tripling in revenue year-over-year.
AFP
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