International Economic
Trump attacks EU for sanctions on US tech companies
US President Donald Trump attacked the European Union for taking action against US tech companies such as Google and Facebook over antitrust issues.
European Commission opens antitrust investigation into Broadcom
The European Commission has opened a formal antitrust investigation into Broadcom in order to assess whether it is restricting competition through exclusivity practices, in breach of EU rules.
Chinese hackers compromised eight tech services giants, Reuters says
Cyber-criminals working for China's Ministry of State Security have broken into the networks of eight of the world's largest technology businesses in order to raid them for secret client information, according to a report from Reuters.
Brent jumps after DoE reports 12.8m barrel drop in weekly US oil inventories
US crude oil inventories shrank at an accelerated pace last week amid a sharp drop in net imports and higher demand from refineries.
US durable goods orders shrink unexpectedly in May
Orders in the US for goods made to last more than three years, a key gauge of business investment, softened unexpectedly in May, amid drops in those for civilian and military aircraft.
US goods trade deficit widens unexpectedly in May, imports higher
America's shortfall in trade on goods with the rest of the world widened last month as imports rose more quickly than expected, contrary to expectations for declines in both exports and imports.
White House may suspend plans for next round of trade tariffs
Washington may not go ahead with another round of levies on Chinese exports while the two capitals are preparing to resume trade talks.
Bitcoin hits $12,900 as analysts spy all-time highs
Bitcoin’s price reached $12,900 for the first time since January 2018 on Wednesday following a furious 14% which has left speculators chomping at the bit in hopes of a further rally up to its 2017 highs or even further.
US Treasury Secretary sees "path" to completing US-China trade talks
American Treasury Secretary Steve Mnuchin on Wednesday sounded an upbeat note on the prospects for a US-China trade deal before the end of the year.
German consumer sentiment set to deteriorate in July
German consumer sentiment is set to deteriorate in July for the second time in a row, according to a survey from market research group GfK.