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Trump’s steel tariffs could trigger broader trade war as EU threatens ‘proportionate countermeasures’ newsthirst.

Ursula von der Leyen (CDU, r), President of the European Commission, stands in the plenary chamber of the European Parliament. Philipp von Ditfurth | Picture Alliance | Getty Images The European Union plans to retaliate against the United States for new steel and aluminum tariffs, adding another element to rising global trade tensions. “Unjustified tariffs…

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Microsoft stock slumps more than 6% on disappointing revenue outlook newsthirst.

Satya Nadella, CEO of Microsoft, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Gerry Miller | CNBC Microsoft shares dropped more than 6% after issuing weak current-quarter guidance after the bell Wednesday. The software giant topped Wall Street’s fiscal second-quarter estimates, posting earnings of $3.23 per…

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Put Thames Water into temporary state control, say ‘junior’ creditors | Thames Water newsthirst.

Thames Water should be placed into temporary government control to avoid setting a “deeply troubling precedent”, according to bondholders who face losing all of their money in the latest rescue bid. The struggling utility is under the control of a group of lenders who hold the bulk of its huge £20bn debt pile. Those “senior”…

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