Ghost in the machine? Rogue communication devices found in Chinese inverters. REUTERS/Brian Snyder/File Photo |
- US energy officials are reassessing the risk posed by Chinese-made devices that play a critical role in renewable energy infrastructure after unexplained communication equipment was found inside some of them, two sources said.
- Trump's tariff blitz is yielding some initial deals, including a 90-day pause in sky-high US and Chinese duties and a limited trade pact with Britain, but the US president is far from rebalancing global commerce flows, trade experts and analysts said.
- Watch our daily rundown on financial markets here.
- Tesla plans to start shipping components from China to the United States for the production of Cybercab and Semi trucks from the end of this month, after the US and China reached a truce over tariffs, a person with direct knowledge said.
- In the coming weeks, investors in nine public companies worth at least $1 billion each will vote on proposals to ditch Delaware as their place of incorporation, potentially denting the state's longtime reputation as Corporate America's capital, Reuters has found.
- European governments are examining whether Trump can force them to pay more for prescription medicines, after he issued an executive order to lower US drug prices, roiling the industry.
- British luxury brand Burberry said it planned to cut 1,700 jobs, around a fifth of its global workforce, to trim costs as part of efforts to revive its performance, sending shares higher.
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