Roberto Cingolani, CEO of Leonardo.Bloomberg | Bloomberg | Getty ImagesROME, Italy – European defense giant Leonardo hopes to present a satellite alliance with Airbus and Thales within months, the company’s CEO told CNBC, as the continent looks for alternatives to Elon Musk’s Starlink.Following months of talks, Leonardo’s Roberto Cingolani told CNBC: “At the moment, we are working together and trying to find whether there is possible good synergy, whether this is convenient from a market point of view and, of course, also whether this is acceptable from the antitrust point of view.”Reuters reported earlier this week that the three companies…
Author: usaeverydaylife
Apple’s iPhone 16 at an Apple Store on Regent Street in London on Sept. 20, 2024.Rasid Necati Aslim | Anadolu | Getty ImagesApple has made moves to diversify its supply chain beyond China to places like India and Vietnam, but tariffs announced by the White House are set to hit those countries too.U.S. President Donald Trump laid out “reciprocal tariff” rates on more than 180 countries on Wednesday.China will face a 34% tariff, but with the existing 20% rate, that brings the true tariff rate on Beijing under this Trump term to 54%, CNBC reported. India faces a 26% tariff, while Vietnam’s…
Secretary of State Marco Rubio traveled to Brussels on Thursday for a gathering of NATO foreign ministers amid high anxiety over the Trump administration’s approach to Europe, including the war in Ukraine, relations with Russia and President Trump’s growing trade war with the continent.Mr. Rubio’s visit to the alliance’s headquarters comes as relations between the United States and Europe have abruptly shifted from the close cooperation of the Biden era to mistrust and acrimony under Mr. Trump.At the same time, NATO officials may welcome a chance to confer with Mr. Rubio, whom many consider the most pro-alliance member of Mr.…
Aerial view of cargo trucks heading towards the U.S. at the Otay Commercial crossing in Tijuana, Baja California state, Mexico on March 27, 2025.Guillermo Arias | AFP | Getty ImagesA surge in freight trucking activity, from the Texas-Mexico border to the warehouses and distribution centers of major U.S. retailers, shows the extent to which U.S. companies have rushed to move more imports into the country ahead of President Donald Trump’s reciprocal tariffs, which Trump laid out on Wednesday afternoon from the Rose Garden, trade taxes that will hit international partners “immediately,” according to the White House.But all of that frontloading…
U.S. President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC.Chip Somodevilla | Getty ImagesMarkets have turned their sights on how U.S. President Donald Trump’s administration arrived at the figures behind the sweeping tariffs on U.S. imports declared Wednesday, which sent global financial markets tumbling and sparked concerns worldwide.Trump and the White House shared a series of charts on social media detailing the tariff rates they say other countries impose on the U.S. Those purported rates include the countries’ “Currency Manipulation and…
Charts that show the “reciprocal tariffs” the U.S. is charging other countries are on display at the James Brady Press Briefing Room of the White House on April 2, 2025 in Washington, DC. Alex Wong | Getty ImagesU.S. President Donald Trump on Wednesday laid out the “reciprocal tariff” rates that more than 180 countries and territories will face under his sweeping new trade policy.The announcement sent stocks tumbling and prompted investors to seek refuge in assets perceived to be safe.Analysts generally had a pessimistic take on the announcement, with some even predicting an increased risk of a recession for the U.S.Here is a…
Bilal Mohammad Ramadan AbuKresh has lost his home, his job, his wife and seven other relatives during the war in Gaza. Now, as the United Nations closes 25 bakeries across the territory, he is also losing his only reliable source of food.Before Wednesday, Mr. AbuKresh, 40, said he would leave his tent in a camp for displaced people in northern Gaza at dawn and stand in line for hours at one of the bakeries, waiting for bread for his four children.“The line was unimaginable, like the Day of Judgment,” Mr. AbuKresh said on Wednesday, the day after the World Food…
Nonprofit financial institutions owned by their members, credit unions can be a better avenue to pursue a home loan than a traditional bank or other lender.They often boast lower-than-average rates, discounted fees, multiple down payment assistance options and more personalized service. Some credit unions are only available to select groups, like members of the U.S. armed forces. But many others are open to just about anyone.CNBC Select reviewed dozens of credit unions to choose the best for mortgages, based on membership requirements, rates, availability and more. (See our methodology for more on how we made our selections).Best credit unions for mortgagesBest for…
European Commission President Ursula von der Leyen holds a joint press conference with Antonio Costa at the end of the European Council Summit in Brussels, Belgium, on March 20, 2025.Nurphoto | Nurphoto | Getty ImagesThe European Union is preparing further countermeasures against U.S. tariffs if negotiations fail, according to European Commission president Ursula von der Leyen.U.S. President Donald Trump had imposed 20% tariffs on the bloc on Wednesday.Speaking on a livestreamed broadcast, the EC president said that Trump’s move was a “major blow” to the world economy.”There seems to be no order in the disorder, no clear path to the…
President Donald Trump ‘s long-awaited announcement on tariff policy appears to have caught some on Wall Street off guard, or at least come in toward the negative end of expected outcomes. Exchange-traded funds that track market indexes such as the S & P 500 and Nasdaq 100 were selling off during after-hours trading Wednesday. Shares of companies seen as particularly at risk from tariffs, such as Nike , saw even larger declines. The policy announced by the Trump administration on Wednesday included reciprocal tariffs that vary country to country on some of the U.S.’ largest trading partners, as well as…
