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Corporate News 06 Mar 2018 | 8:55 AM

EU proposes retaliatory tariff of 25% against US goods

BRUSSELS: The European Union intends to target 2.8 billion euros ($3.5 billion) of U.S. goods ranging from T-shirts and whiskey to motorcycles and ladders should President Donald Trump go ahead with his plan to impose a 25 percent tariff on foreign steel.

World 06 Mar 2018 | 5:10 AM

Czechs protest Communist-era cop getting police oversight job in parliament

PRAGUE (Reuters) - Thousands of Czechs protested in Prague and other cities on Monday evening after parliament endorsed a Communist party lawmaker to head oversight of the police despite his past in a communist-era special unit.

World 06 Mar 2018 | 2:07 AM

WTO chief urges states to stop first dominoes of trade war

GENEVA (Reuters) - The head of the World Trade Organization told member states on Monday they must prevent "the fall of the first dominoes" in a trade war and warned of a real risk of triggering an escalation of global trade barriers and a deep recession.

World 06 Mar 2018 | 1:17 AM

U.S. House speaker urges Trump not to advance with tariffs - spokeswoman

WASHINGTON (Reuters) - U.S. House Speaker Paul Ryan on Monday urged the Trump administration not to move forward on new tariffs on steel and aluminum announced last week, citing the risks to the economy.

Business 06 Mar 2018 | 12:00 AM

UK consumer spending seen slowing this year

LONDON: UK households will tighten their belts even more this year as the impact of faster inflation and weak wage growth deepens.

Business 06 Mar 2018 | 12:00 AM

Steel an uneasy sentiment

PETALING JAYA: Investor sentiment has turned cautious as signs of a trade war loom, following an announcement late last week by the United States to impose tariffs on steel and aluminium imports.

World 05 Mar 2018 | 11:38 PM

Trump faces pushback on tariffs but says he will not back down

WASHINGTON (Reuters) - U.S. President Donald Trump faced growing pressure on Monday from political and diplomatic allies as well as U.S. companies urging him to pull back from proposed steel and aluminium tariffs, although he said he would stick to his guns.

World 05 Mar 2018 | 11:13 PM

Germany to start work on trade, China, Syria war - Merkel

BERLIN (Reuters) - Chancellor Angela Merkel said on Monday she would work with France to tackle pressing issues such as trade policy, the war in Syria and competition with China after the Social Democrats (SPD) approved joining a coalition with her conservatives.

World 05 Mar 2018 | 10:30 PM

Trump trade threats alarm German carmakers, hit investor morale

FRANKFURT/BERLIN (Reuters) - German car companies urged policymakers on Monday to avoid a trade war with the United States "at all costs" after U.S. President Donald Trump threatened to tax car imports from the European Union.

World 05 Mar 2018 | 4:09 PM

France's far-right National Front to change name as Le Pen seeks rebound

PARIS (Reuters) - French far-right leader Marine Le Pen will this weekend unveil a new name for the 45-year-old National Front and a refocus on immigration as it searches for more voters and relevance in a political landscape transformed by President Emmanuel Macron.