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US tariffs could cost Italy up to 0.8% of GDP, business lobby says
President Donald Trump has threatened 30% tariffs on EU imports starting August 1, but his trade chief Howard Lutnick said on Sunday there was “plenty of room” for an agreement with European counterparts.If 30% tariffs are confirmed, and assuming no countermeasures from the EU, Italy’s GDP would take a 0.25% … Read More >>
Iran to hold nuclear talks with European powers on Friday
“The meeting between Iran, Britain, France and Germany will take place at the deputy foreign minister level,” Esmaeil Baghaei was quoted by Iranian state media as saying.The talks scheduled for Friday come after foreign ministers of the E3 nations, as those European countries are known, as well as the Europea … Read More >>
NY Fed survey finds easier access to auto loans, mortgage refinancing
(Reuters) -U.S. households fared far better when applying for credit for mortgage refinancing or auto loans in June, new figures on credit access from the Federal Reserve Bank of New York show.The bank said Monday that rejected applications for mortgage refinancing dropped to 15% in June, versus 42% in Februa … Read More >>
US retail giant Costco to set up global capability centre in India, to employ 1000 people, sources say
HYDERABAD/BENGALURU (Reuters) -U.S. retailer Costco Wholesale Corp will open its first technology centre in India in Hyderabad, two people familiar with the plans told Reuters.The Global Capability Centre, handling technology and research operations and working alongside global teams, will initially employ 1, … Read More >>
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