A Thai mobile artillery unit fires towards Cambodia. REUTERS/Athit Perawongmetha |
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President Donald Trump, Federal Reserve Chair Jerome Powell and Senator Tim Scott tour the Federal Reserve Board building. REUTERS/Kent Nishimura |
- Trump locked horns with Federal Reserve Chair Jerome Powell during a rare presidential visit to the US central bank, criticizing the cost of renovating two historical buildings at its headquarters and pressing the case for lower interest rates.
- Europe's smaller companies are emerging as a popular vehicle for investors to help insulate portfolios against both tariffs and a stronger euro, as cheaper credit and the prospect of more government spending bolster confidence in the economic outlook.
- Volkswagen reported a 1.3-billion-euro first-half hit from tariffs and cut its full-year sales and profit margin forecasts in the German carmaker's first assessment of the damage from Trump's trade war.
- Puma shares dropped 16% after the German sportswear brand said it now expects an annual loss as sales decline and tariffs dent profit.
- The $8.4 billion merger between Paramount Global and Skydance Media won approval from US regulators, clearing the way for a sale that evolved into a clash over press freedom.
- Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said, and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue "no more blank checks."
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Patriotic Canadians change vacation plans |
Banff National Park in the Canadian Rocky Mountains. REUTERS/Mark Blinch | Canadians are trading their annual vacation south of the border for road trips around Ottawa, the midnight sun in Yukon, whale watching in Nova Scotia or hiking in Banff. The newfound desire to stay local started earlier this year when Trump threatened to annex Canada and imposed a series of tariffs on Canadian goods, spurring a 'Buy Canadian' movement to boycott US businesses and avoid traveling to the US. |
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A horseback rider performs a fire stunt during an equestrian show in Kyrgyzstan. REUTERS/Vladimir Pirogov |
See a selection of our top photography from around the world. |
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