European hotels organize damages claim over Booking.com pricing restrictions
More than 10,000 hotels joined an initiative seeking compensation for alleged losses tied to clauses that constrained lower direct-booking prices.
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388 reports.
Trump’s tariff rollout collides with a weak jobs report and a fresh warning about the politics of economic data
The latest U.S. trade shock lands alongside a July jobs report that came in far below expectations, adding pressure to a widening economic and political fight.
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Trump expands tariff pressure to eight countries in fresh round of trade letters
New country-specific tariff rates on Algeria, Brunei, Iraq, Libya, Moldova, the Philippines, Sri Lanka and Brazil extend the White House’s latest trade offensive.
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Daimler Truck to cut 5,000 jobs in Germany by 2030 as sales soften
The commercial vehicle maker says the cuts are part of a broader cost program aimed at saving more than €1 billion a year by 2030.
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Paschal Donohoe secures a third term leading the Eurogroup
The Irish finance minister kept the euro area finance chiefs' forum after both challengers withdrew and the new mandate begins on Sunday.
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Black Sabbath farewell concert raises huge charity haul
Tom Morello says Black Sabbath's final performance at Villa Park raised £140m, with the money split between three Birmingham-linked charities.
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China opens its first Legoland in Shanghai
A new Shanghai resort marked China’s first Legoland opening, featuring a giant Lego mascot, landmark replicas and ticket prices aimed at family visitors.
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Mercosur and EFTA complete trade pact covering nearly 300 million people
The agreement promises wider market access across goods, services and investment but still requires approval by national parliaments.
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Bumble cuts about 240 jobs as it resets after years of pressure
The dating app said the layoffs will affect roughly 30% of its global workforce as it seeks cost savings and renewed product investment.
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North Korea and Russia restore the Pyongyang-Moscow passenger rail link
A carriage from Pyongyang reached Moscow after a five-year pause, reviving what officials describe as the world’s longest direct railway route.
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Germany sets path to lift defense spending to 3.5% of GDP by 2029
Finance Minister Lars Klingbeil outlined budget plans that would sharply increase German defense outlays as NATO allies debated a higher spending benchmark.
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Nippon completes acquisition of US Steel
Reporting dated 2025-06-18 documents the event and its immediate consequences, with unresolved points retained as attributed or provisional.
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Qantas to close Jetstar Asia after two decades as cost pressures and competition bite
Qantas will wind down Singapore-based Jetstar Asia at the end of July, cutting more than 500 jobs and freeing aircraft for other routes.
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UK commits £14.2 billion to Sizewell C nuclear power project
The planned Suffolk station is intended to strengthen domestic energy security and supply low-carbon electricity, although opponents question its cost, timetable and environmental impact.
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Disney to pay $438.7 million to complete acquisition of NBCUniversal’s Hulu stake
A completed appraisal process set Disney’s final additional payment to Comcast, clearing the way for the entertainment company to take full ownership of Hulu.
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North Macedonia moves to remove tariffs on U.S. goods in bid for reciprocity
North Macedonia said it will eliminate import taxes on U.S. goods and hopes Washington will respond in kind.
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United Nations orders agencies to prepare for 20% staff cuts amid funding shortfall
More than 60 UN offices and agencies have been asked to propose 20% staff cuts as the organization confronts a major funding shortfall.
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Bulgarian nationalists protest euro adoption as Brussels approval nears
Thousands marched in Sofia and other cities demanding a referendum and warning that the common currency would undermine the lev.
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AfDB chooses Mauritanian economist Sidi Ould Tah to lead bank through funding squeeze
Tah won after three rounds with 76.18% of the vote as the lender faces pressure from U.S. cuts and wider economic headwinds across Africa.
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Trump doubles steel and aluminum tariffs to 50% as U.S. Steel deal remains unfinished
The president said the higher levies would start Wednesday, even as he described a still-unclear Nippon Steel investment in U.S. Steel.
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South Korea cuts rates again and lowers its growth outlook as tariffs bite
The Bank of Korea lowered its benchmark rate to 2.5% and cut its 2025 growth forecast to 0.8%, saying weak demand and trade friction are still weighing on the economy.
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Trump delays 50% EU tariffs until July 9 after call with von der Leyen
The U.S. president said he would give the European Union an extension after what he described as a very nice call with the European Commission president.
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Trump threatens 50% tariff on EU imports, rattling European markets
The U.S. president’s new threat sent shares lower across Europe and renewed fears that trade tensions with Washington are set to deepen.
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Moody's cuts U.S. credit rating to Aa1
Moody's Ratings has downgraded the United States from Aaa to Aa1, citing debt, deficits and rising interest costs.
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