Thursday Morning Briefing: Trump relents on EU car tariffs

Highlights

In what the EU chief called a “major concession”, Trump agreed to refrain from imposing car tariffs while the two sides launch negotiations to cut other trade barriers, easing the threat of a transatlantic trade war.

Even as the U.S. government scrambles to meet a deadline for reuniting hundreds of immigrant children with their parents, it has acknowledged that hundreds more families separated by border officials will not be brought back together immediately.

A bomb exploded outside the U.S. embassy in Beijing, wounding the lone assailant, the embassy said in a statement, but police described the weapon merely as a “firework device”.

World

Pakistani cricket icon-turned-politician Imran Khan nudged closer to power after a general election that has been marred by long delays in ballot counting and accusations of rigging by opponents.

Almost three-quarters of Venezuela’s newspapers have closed during five years of recession in the once-prosperous OPEC member country, according to the national journalism association, leaving El Nacional as the last independent national daily.

Reuters Top News  @Reuters

Two @Reuters journalists have been detained in Myanmar for 227 days. See full coverage: https://reut.rs/2yPnwus

4:29 AM - JUl 26, 2018

Commentary: In spite of the rising rhetoric between Trump and Hassan Rouhani, there are still reasonable options that could avert the risk of catastrophic conflict between the United States and Iran – and perhaps keep the multinational nuclear deal alive, writes Seyed Hossein Mousavian. "Europe, China, Russia, and Iran all have the responsibility to confront unilateralism; protecting the JCPOA is the first step."

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Wider Image: Amid Beijing's push to turn the country into an artificial intelligence powerhouse and embed the technology in all facets of life, some Chinese entrepreneurs are taking this to a new frontier: sex dolls.

Business

Facebook's grim forecast: privacy push will erode profits for years

Facebook’s shares lost as much as a quarter of their value on Wednesday after executives said that profit margins would plummet for several years due to the costs of improving privacy safeguards and slowing usage in the biggest advertising markets.

6 min read

Qualcomm ends $44 billion NXP bid after failing to win China approval

Qualcomm walked away from a $44 billion deal to buy NXP Semiconductors after failing to secure Chinese regulatory approval, becoming a high profile victim of a bitter Sino-U.S. trade spat.

5 min read

BAT to launch heated tobacco in U.S., shares jump

British American Tobacco said it would test launch its Eclipse tobacco heating product in the United States within the next 12 months, giving it a head start in a highly competitive market.

3 Min Read

Top Stories on Reuters TV

Trump postpones second Putin summit

Politics   1:54

Underground lake found on Mars

Science   1:25
 

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