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EU set to bow to fresh US tariffs after current regime lapses
Despite considering the new duties "unjustified," the Commission said its priority was to ensure tariffs on EU goods remain below the 15% cap agreed under the EU-US trade deal in July 2025. The European Union is preparing to accept new tariffs the United States is expected to impose in the coming days over forced labour, as long as they do not exceed the 15 percent cap agreed under the Turnberry agreement, the European Commission said. The White House said in early June that it would impose...
Trump proposes seasoned diplomat as Malaysia envoy instead of ‘alpha male’
The United States has turned to a career Middle East diplomat for its next ambassador to Malaysia, a sharp change in tone after an earlier nominee known for his “alpha male” bravado, pro-Israel posts and culture-war commentary drew protests in the Muslim-majority country. US President Donald Trump nominated Joshua Harris for the Kuala Lumpur posting after his previous nomination of Australian-born conservative commentator Nick Adams lapsed in the Senate. The White House sent Harris’s...
TE Connectivity projects upbeat quarterly results amid strong AI tools demand
TE Connectivity projects upbeat quarterly results amid strong AI tools demand July 22 : Electronic equipment maker TE Connectivity on Wednesday forecast fourth-quarter profit and revenue above Wall Street expectations, betting on a boom in demand for its AI-related tools and products. Growing demand for AI-related tools and products has boosted investments in data centers and network equipment globally, benefiting companies like TE, which produces electrical connector systems used in data...