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☆ Denmark launches landmark framework for using AI under EU rules — with Microsoft backing
▼ + stars: | 2024-11-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Denmark on Wednesday laid out a framework that can help EU member states use generative artificial intelligence in compliance with the European Union's strict new AI Act — and Microsoft 's already on board. Denmark's Agency for Digital Government, the country's central business registry CVR and pensions authority ATP are among the founding partners adopting the framework. This includes guidelines governing how the public and private sector collaborate, deploying AI in society, complying with both the AI Act and General Data Protection Regulation (GDPR), mitigating risks and reducing bias, scaling AI implementation, storing data securely, and training up staff. Netcompany CEO André Rogaczewski said the provisions laid out in the white paper were primarily aimed at companies in heavily regulated industries, such as in financial services. He told CNBC he's aiming to address one core question: "How can we scale the responsible usage of AI?"

Persons: André Rogaczewski Organizations: Microsoft, IT, Public, Denmark's Agency for Digital Government, General Data Protection, CNBC Locations: Denmark, Danish

☆ Meta slashes EU Facebook and Instagram subscription fees by 40% to meet regional regulatory demands
▼ + stars: | 2024-11-12 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Meta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for European Union users to comply with regulatory demands in the region. Meta originally debuted an ad-free subscription service for the EU in October 2023 due to an EU regulation intended to clamp down on anti-competitive practices by tech companies. The subscription service also came into effect after regional regulators fined the company over $400 million for violating EU data privacy laws. "The changes we're announcing today meet EU regulator demands and go beyond what's required by EU law," Meta President Nick Clegg said Tuesday on Threads. "This is why I expect that even when presented with several equal choices, most people will still choose our personalized ads service," Pavón said in a LinkedIn post said.

Persons: Meta, Nick Clegg, Pedro Pavón, Pavón Organizations: Facebook, European Union, EU Locations: Toulouse, France, U.S

☆ How Trump could exploit a looming global struggle for rare-earth minerals
▼ + stars: | 2024-11-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

The power grab over rare-earth minerals in Central Asia could be among the issues he will seek to exploit. AdvertisementA power struggle over rare-earth mineralsAt stake for the US in Central Asia is not just political power but access to the region's reserves of rare-earth minerals such as uranium, lithium, and tantalum. Rare-earth minerals are needed to make all sorts of products, from F-35 stealth fighters and smartphones to internet fiber-optic cables and MRI machines. It produces around 60% of the world's rare-earth minerals and processes nearly 90%, according to the Center for Strategic and International Studies. "There are rare-earth minerals worth exploring/exploiting, and if the US/EU could strike a major deal with [Kazakhstan's capital] Astana, this would certainly contribute to breaking China's monopoly," said Wolff.

Persons: Donald Trump, —, Vladimir Putin, Xi Jinping, Xi, Putin, he'd, Wilder Alejandro Sánchez, ALEXANDER RYUMIN, Emmanuel Macron, Olaf Scholz, John Herbst, Stefan Wolff, Wolff, Herbst, Trump Organizations: Service, Putin, The Republican, Biden, Getty Images, Center for Strategic, International Studies, University of Birmingham, BI, Trump, EU, Astana, Central Asia Summit, Getty Images Central, Central, China Locations: Russia, China, Central Asia, Mongolia, Saudi, Getty Images China, Kazakhstan, Uzbekistan, Xian, Shaanxi, FLORENCE, Ukraine, Soviet Union, Washington, Moscow, Beijing

☆ What Trump's election victory means for global investors — and why it's different to 2016
▼ + stars: | 2024-11-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

President-elect Donald Trump's return to the White House has sent ripples through global financial markets, with many investors looking to recalibrate their portfolios for a dramatically different policy landscape ahead. Higher Treasury yields mean higher interest rates for corporate borrowers. Trump's tariffs Perhaps the biggest concern for investors globally is Trump's campaign promise of aggressive new tariffs , including the potential for a universal 10% tariff on all imports and a 60% tariff on Chinese goods. However, some Asian nations might benefit if higher tariffs on China prompt manufacturers to relocate. Europe Most analysts agree that U.S. trade tariffs are likely to hurt Europe, with some companies able to navigate the challenges better than others.

Persons: Donald Trump's, Russell, Mislav Matejka, David Seif, Goldman Sachs, Gareth Leather, Macquarie, Aditya Suresh, Mark Diethelm, Diethelm, Emmanuel Cau, — CNBC's Michael Bloom Organizations: White, Republican, Trump, U.S, Nasdaq, Treasury, Nomura, Federal Reserve, Asia Capital Economics, Capital Economics, U.S ., Union, Morningstar, Logitech, Barclays Locations: Congress, Treasurys, Trump's, U.S, United States, Korea, Taiwan, China, Vietnam, Asia, India, Europe

☆ Europe faces a 'full-blown recession' under Trump's tariffs, big bank says
▼ + stars: | 2024-11-11 | by ( Polly Thompson | Will Martin | ) www.businessinsider.com time to read: +3 min

Europe could fall into recession in 2025 under Trump's economic proposals, a major EU bank said. AdvertisementThe eurozone economy faces the possibility of a looming recession as tariffs promised by President-elect Trump look set to dampen growth, according to analysts at a Dutch bank. Trump pledged on the campaign trail to impose a fresh era of trade tariffs, building on policies he enacted during his first term as president. European Union economic growth is already struggling, and has lagged behind the US in recent years. He said Europe's economic challenges, including high energy costs, sluggish economic growth, and geopolitical instability, would only get worse in the event of a tariff battle with the US.

Persons: —, Trump, James Knightley, Nigel Green, Green Organizations: ING, Service, Trump, deVere Locations: Europe, China, Europe's, Ukraine, NATO

☆ I chose Europe over the US for my startup. The Silicon Valley startup benchmark is unparalleled, but I still prefer Berlin.
▼ + stars: | 2024-11-11 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Ivan Maryasin founded Monite after moving from Silicon Valley to Berlin. Here's how its startup ecosystem compares to Silicon Valley. It's hard to find people with the same values or who'll know what you're talking about when you say, "Silicon Valley benchmark." AdvertisementI like living in Europe, but wouldn't rule out returning to AmericaMost people in Silicon Valley are focused on startups and innovation. If you're all about work and want to focus 24/7, Silicon Valley is the place to be.

Persons: Ivan Maryasin, —, I'd, that's, I've Organizations: Service, Hult International Business School, San Francisco, EU, LinkedIn, Facebook, MIT, Harvard, Business Locations: Silicon Valley, Berlin, Germany, Russia, Massachusetts, America, Moscow, Europe, it's, Zurich, Barcelona, London, San Francisco, California, Monite, Silicon

☆ COP29: As Trump’s win tests the world order, diplomats are fretting over what it means for the planet
▼ + stars: | 2024-11-11 | by ( Angela Dewan | Ella Nilsen | ) edition.cnn.com time to read: +8 min

A U-turn on US climate policy could be disastrous for the planet, as it raises the risk of emulation. When America does something on the world stage, at least some countries tend to follow. Ahead of Trump’s inauguration, negotiators will ramp down their expectations in terms of what’s possible at the talks, he said. President Luiz Inácio Lula da Silva, who will host the climate talks next year in Brazil, bowed out after a head injury. The world is already 1.3 degrees warmer than it was before humans started burning fossil fuels at an industrial scale.

Persons: CNN —, Donald Trump’s, Trump, ”, Oli Brown, ” Trump, they’ve, Mukhtar Babayev, Joe Biden, France’s Emmanuel Macron, Ursula Von Der Leyen, Claudia Sheinbaum, Olaf Scholz, Dick Schoof, Luiz Inácio Lula da Silva, Frederic J . Brown, Jonathan Pershing, Biden, “, Li Shuo, Trump’s, Joeri Rogelj, ” Rogelj Organizations: CNN, Union, Israeli, Maccabi Tel, Trump, Wilmington Oil, Getty, European Union, Asia Society Policy Institute, UN, Imperial College London Locations: Baku, United States, Paris, America, London, Mexico, Amsterdam, Maccabi Tel Aviv, Brazil, Wilmington, Los Angeles , California, AFP, China, EU, there’s

☆ Lisbon residents call for vote on restricting vacation rentals
▼ + stars: | 2024-11-11 | by ( Francesca Street | ) edition.cnn.com time to read: +4 min

But as overall monthly overnight stays in Portugal reached an all time high in August, some Lisbon residents are becoming frustrated by the impact of ballooning tourism on local quality of life. Following protests in September about the city’s housing market, thousands of people living in the Portuguese capital have signed a petition demanding a clampdown on Lisbon vacation rentals. The group behind the petition, the Referendum Movement for Housing (MRH), is seeking to eradicate the almost 20,000 short term vacation rentals in Lisbon residential blocks, hoping to free up housing opportunities for locals. CNN Travel has reached out to Airbnb for comment about the Lisbon referendum petition. Changing the Lisbon tourist industryFreitas stresses a successful referendum wouldn’t eliminate Lisbon tourist lets altogether, but prevent them from “existing in houses registered for residential use.” Landlords would also be prohibited from establishing new vacation rentals in residential buildings in the future.

Persons: Luisa Freitas, Jorge Castellanos, Freitas, “, ”, there’s, Airbnb, —, she’s Organizations: CNN, Housing, ”, CNN Travel, Getty, Barcelona, European Union, Lisbon Locations: Lisbon, Portugal, ” Lisbon, Augusta, Comercio, Baixa

☆ Europe could try to stop — or get around — damaging Trump tariffs
▼ + stars: | 2024-11-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Critics of the proposed tariffs say the policy could lead to higher prices for U.S. consumers. That leaves Asia and Europe having to quickly consider ways to mitigate the future impact of export tariffs, and whether to retaliate or to try to negotiate a get-out deal. But economists also say that the EU could try to use the carrot instead of the stick with the U.S., suggesting there are three other ways Europe might try to stop, limit or avoid Trump's likely tariff policy altogether. German Chancellor Angela Merkel deliberates with U.S. President Donald Trump during the G-7 summit in Canada on June 9, 2018. Jesco Denzel | Bundesregierung | Getty ImagesWhether there Europe can reach consensus on how or whether to do a deal with Trump is debateable, however.

Persons: Caitlin Ochs, Reuters Donald Trump's, Europe scrabbling, Trump, Flach, Donald Trump, Jean, Claude Juncker, Andrew Kenningham, Didier Lebrun, Photonews, Mujtaba Rahman, Ursula von der, Von der, Joe Biden, Kenningham, Angela Merkel deliberates, Denzel, Carsten Brzeski, Emmanuel Macron, Angela Merkel, There's Organizations: Reuters, Trump, ING, Germany's, International Economics, Germany, U.S, EU, Capital Economics, European Union, Getty, Eurasia Group, Sustainable Steel, US Trade, Technology Council, Bundesregierung Locations: Upper Bay, New York, U.S, Europe, EU, China, Asia, Germany, Ukraine, Canada, France

☆ A worsening kind of Russian warfare was on display in the US presidential election, but it's a much bigger problem
▼ + stars: | 2024-11-09 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

Russia's hybrid warfare tactics against the US and Europe are reaching new levels. AdvertisementRussian disinformation and interference — hybrid warfare tactics — are on the rise and again showed up in the US presidential election, but this is a problem for more than just America. Russian tactics were on full display in the 2024 US presidential election. AdvertisementMore than an American problemThis hybrid warfare is a broader problem for other Western countries, too. Moldova's pro-EU incumbent president, Maia Sandu, won reelection despite Russian efforts to sway the election.

Persons: —, Mark Rutte, Clinton, Mikhail Svetlov, it's, Doug Livermore, Donald Trump, Lev Radin, Trump, Livermore, Russia's, Maia Sandu, Daniel MIHAILESCU, Harris, Kamala Harris, Joe Biden, aren't Organizations: Service, NATO, FBI, State, intel, Getty, Irregular Warfare, National Intelligence Council, US intel, Infrastructure Security Agency, Ukraine, Moldovan, Union, Xinhua News Agency Locations: Europe, Russia, Moscow, Russian, Washington, China, Iran, US, Republic of Georgia's, France, Germany, AFP, Beijing, North Korea, America

In President-elect Trump, these ascendant insurgents across the pond see a key ally, someone who shares their mix of authoritarianism, populism and extreme hostility to immigration. “We have big plans for the future!” posted Hungary’s Prime Minister Vikor Orbán, an influential Trump friend and ally, calling it “a much needed victory for the World!”Orban visited Trump at his Mar-a-Lago resort in Florida earlier this year. Hungarian Prime Minister Viktor Orban at an EU Summit in Budapest on Friday. The AfD is an anti-immigration, anti-Muslim political party that is being monitored by the country’s domestic intelligence agency for suspected extremism — something it denies. Argentina’s far right, libertarian president, Javier Milei, told Trump he could “count on Argentina to carry out your task.” And Israel’s ultranationalist National Security Minister Itamar Ben-Gvir reacted with a “Yesssss.”

Persons: Donald Trump’s, ”, Vikor Orbán, Trump, ” Orban, András, “, László, aren’t, Viktor Orban, Petr David Josek, Geert Wilders, Giorgia Meloni, Alice Weidel, Stefan Keuter, Christoph Reichwein, Siegbert Droese, ” Stefan Keuter, Vladimir Putin, Putin, Keuter, “ Trump, Javier Milei, Itamar Ben, Gvir Organizations: Trump, Hungary’s, Fidesz, NBC, EU, Washington, WIN, Getty, NBC News, Young Republicans, Nazi, National Locations: Lago, Florida, Budapest, Netherlands, Italy, Washington, Rome, Germany, Essen , Germany, Ukraine, Europe, Argentina

☆ Cargo plane operators are on high alert after a string of suspected Russian sabotages
▼ + stars: | 2024-11-08 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

Fires at DHL warehouses this year may have been part of Russian sabotage operations, officials have said. AdvertisementSuspected Russian sabotage activities targeting the air freight industry have been on the rise this year, and the industry is preparing for further action. Speaking a few months after the DHL fires, the chief of the UK's MI6 intelligence service, Richard Moore, said he believed Russian intelligence services had "gone a bit feral." AdvertisementKremlin Spokesman Dmitry Peskov has denied Russia's involvement in sabotage operations in Europe. The Federal Office for the Protection of the Constitution, Germany's domestic intelligence services, and the BND declined to comment further.

Persons: —, Brandon Fried, Fried, Thomas Haldenwang, Haldenwang, Frank Umbach, Umbach, Richard Moore, Shashank Joshi, Joshi, Dmitry Peskov, KIRILL KUDRYAVTSEV, Keir Giles, Giles, that's Organizations: DHL, Service, Airforwarders Association, Street Journal, Financial, Energy, Security, University of Bonn, Rheinmetall, Royal United Services Institute, NATO, Military Counterintelligence Service, Federal Office, Getty Images, Chatham House's, Eurasia Program Locations: Europe, Russia, Moscow, Germany, America, Leipzig, Birmingham, Lithuania, North America, Russian, Ukraine, AFP, Chatham House's Russia

☆ CEOs around the world started talking about Trump's tariffs as soon as he won
▼ + stars: | 2024-11-08 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

It is months before Trump's inauguration, but tariffs are already on the lips of global business leaders. AdvertisementAs soon as Donald Trump won reelection, CEOs worldwide discussed his plans for a new era of global tariffs. AdvertisementOn Wednesday, Oliver Zipse, chairman of BMW, downplayed fears over tariffs during a third-quarter earnings call, citing the company's large US business. Advertisement"Politics is politics," Ikea's CEO, Jesper Brodin, told Business Insider when asked about how Trump's tariffs would affect international business. Soon after Trump's departure from the White House, the two sides ended their dispute and axed the tariffs, but renewed tariffs could lead to issues once again.

Persons: Donald Trump, Ralph Lauren, —, Trump, he'd, John Deere, Trump's, Shinju Aoyama, Aoyama, Shinji Aoyama, YOSHIKAZU, Piyush Gupta, Gupta, Europe Trump, Davidson, Oliver Zipse, Zipse, Maja Hitij, Arne Freundt, Freundt, Jesper Brodin, Guillaume Faury, Faury, OZAN KOSE, Martin Sorrell, Sorrell, Justin Picicci, Ralph Lauren's, Picicci, Timothy Boyle Organizations: BMW, Airbus, Ikea, Service, Biden, Japan's Honda Motors, Honda, Getty, DBS, Mercedes, Volkswagen, Puma, European Union, Boeing, EU, White, North, Columbia, Washington Post Locations: China, Mexico, Europe, AFP

☆ Europe cannot finance Ukraine war if Trump pulls U.S. out of the conflict, Hungary's Orban warns
▼ + stars: | 2024-11-08 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Hungarian Prime Minister Viktor Orban attends ADF Talks as part of the Antalya Diplomacy Forum (ADF) at NEST Congress and Exhibition Center in Antalya, Turkiye on March 01, 2024. Europe alone cannot shoulder the financial strain of supporting Ukraine against the ongoing Russian invasion, Hungarian leader Viktor Orban said Friday, warning that closely-allied President-elect Donald Trump will likely steer Washington out of the conflict. "Europe alone cannot finance this war. He is a person who hates war, a real businessman who thinks that life and things go well when there is no war." On Thursday, Slovakian Prime Minister Robert Fico — whose country heavily relies on Russian hydrocarbons — questioned the European funding agenda.

Persons: Viktor Orban, Donald Trump, Orban, Kamala Harris, Robert Fico — Organizations: Antalya Diplomacy, Exhibition Center, Google, Trump, White, U.S, EU, Kiel Institute of, European Investment Bank, European Commission, Slovakian Locations: Antalya, Turkiye, Europe, Ukraine, Washington, Budapest

☆ The air freight industry is on high alert after fires at DHL warehouses were linked to Russian sabotage operations
▼ + stars: | 2024-11-08 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

☆ Trump promised massive tariffs on imports but how he’ll pull it off is still being figured out
▼ + stars: | 2024-11-08 | by ( Kayla Tausche | ) edition.cnn.com time to read: +6 min

Washington CNN —Just days after winning a comeback election, President-elect Donald Trump is evaluating how his campaign promises might translate into policy. As a candidate, Trump pledged to slap 60% tariffs on all goods coming in from China and 10% tariffs on goods imported from all other countries. “The way that President Trump looks at tariffs are not in isolation. Trump’s economic advisers – and the president himself – view the forthcoming tariff revenue as a way to offset that cost. “If he can use the tariffs as a means to an end, he’ll do that.”CNN’s Katie Lobosco contributed to this report.

Persons: Washington CNN —, Donald Trump, ”, Trump, Kelly Ann Shaw, Hogan Lovells, –, ” Trump, Larry Kudlow, it’s, ” “, Karoline Leavitt, Vance, Jake Colvin, ” Colvin, “ That’s, Robert Lighthizer, Elon Musk, “, he’s, Katie Lobosco Organizations: Washington CNN, CNN, Trump, Republicans, Jobs, Tax, Center, Social Security, Advisers, “, National Foreign Trade Council, European Union, EU, EV Locations: China, Trump’s, America, Canada, There’s, Tesla

☆ Trump victory deals latest severe blow to a struggling Germany
▼ + stars: | 2024-11-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Krisztian Bocsi | Bloomberg | Getty ImagesDonald Trump's election as U.S. President could mark yet another major blow for the struggling German economy. The print came after the German economy ministry in October said it was now expecting the country's economy will contract, rather than grow this year. Trump's victory could make matters worse. Reliance on exportsThe German economy is heavily reliant on exports — and Trump is set to slap tariffs and other restrictions on imports. The German statistics office Destatis last month said that the U.S.' importance as a trading partner for Germany has been growing.

Persons: Olaf Scholz, Germany's, Krisztian Bocsi, Donald Trump's, Moritz Schularick, Trump, Schularick, ifo, Morningstar DBRS, Lisandra Flach Organizations: Bloomberg, Getty, PMI, P Global, Hamburg Commercial Bank, Kiel Institute, Trump, Reliance, China, Beijing, Destatis, ifo Center, International Economics, European Union, EU Locations: Berlin, Germany, Federal Republic of Germany, Europe, U.S

☆ What Trump’s historic election victory means for the global economy
▼ + stars: | 2024-11-07 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Nurphoto | Nurphoto | Getty ImagesDonald Trump's election victory over Vice President Kamala Harris marks a historic return to the White House — an extraordinary political comeback that is likely to have seismic ramifications for the global economy. The former president's litany of campaign pledges include steep tariffs, tax cuts, deregulation and a push to withdraw from key global agreements. Trump's favorite wordTrump has previously described "tariff" as his favorite word, calling it "the most beautiful word in the dictionary." And we don't see Trump's secondary tariff pledge — that baseline tariff, which would hurt European companies — as being all that feasible," Galbraith said. Analysts have warned that Trump's plan to impose universal tariffs are highly likely to raise prices for consumers and slow spending.

Persons: Donald Trump's, Kamala Harris, Trump, Lizzy Galbraith, Abrdn, Galbraith, CNBC's, Donald Trump, Ben May, Mitchell Reiss Organizations: Nurphoto, Getty, European Union, Bloomberg, Trump, Oxford Economics, Signum Global Advisors, Macquarie Group, Royal United Services Institute Locations: Binzhou, China, Florida, U.S, Mexico, Greensboro , North Carolina, Ukraine, Europe, Asia, Qingdao Port, Shandong province, Qingdao, American

☆ Britain loves its 'special relationship' with the U.S. — but that doesn't mean Trump will love it back
▼ + stars: | 2024-11-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

London feels those long-standing bonds and geopolitical interests make its relationship with the U.S., well, special. Not so special anymoreDescribing the "special relationship" as one of convenience for the U.S., Pickering said the U.K. could still maneuver itself to be useful to an incoming Trump government. Whisper it, but the "special relationship" ceased to be special long ago, according to Holger Schmieding, chief economist at Berenberg. "That Trump and Starmer are apparently not fans of each other, to put it mildly, will not help in future U.S.-U.K. talks. Britain's Queen Elizabeth II greets U.S. President Donald Trump as he arrives for the Ceremonial Welcome at Buckingham Palace, in London, Britain June 3, 2019.

Persons: Donald Trump, Jeff J Mitchell, Keir Starmer, Trump, David Lammy, Starmer, Harris, Joe Biden, Kevin Lamarque, Badenoch, Lammy, Kallum Pickering, Peel Hunt, We're, we'll, Pickering, Holger Schmieding, Schmieding, Britain's Queen Elizabeth II, Victoria Jones Organizations: Getty, U.S, London, Britain's, Republican, Trump Tower, Trump, Atlantic, Labour Party, White, Reuters, Conservative Party, Republicans, Labour, European Union, China, Peel, CNBC, NATO Locations: London, New York, Washington, Europe, China, EU, U.S, America, Buckingham, Britain

☆ Europe praises Trump's victory amid wider fears of an impending economic nightmare
▼ + stars: | 2024-11-06 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

Some European officials woke up to election results on Wednesday "not wanting to believe" them, several sources told CNBC. Many European leaders did not enjoy Trump's style of confrontational leadership during his first presidency, and there were several moments of tension with the former White House leader. As a result, many in Brussels celebrated the victory of Joe Biden in 2020, hoping for a better engagement. watch nowA second EU source, who also did not want to be named because of the sensitivity of the relationship, said: "It is not great, again." Any additional tariffs could further pressure the already moribund economic growth levels across the EU.

Persons: Donald Trump, Emmanuel Macron, Kamala Harris, Joe Biden, Ursula von der Leyen, Pedro Sanchez, Giorgia Meloni, Viktor Orban, Trump Organizations: USA, NurPhoto, Getty, Democratic, White, Trump, CNBC, EU, Thursday, Spanish, Hungary's, European Union, U.S, European Commission, Political Locations: France, Biarritz, Brussels, EU, Italian, Hungarian, Budapest, United States, Ukraine

☆ The big Trump losers: These stocks could have an overhang for a while
▼ + stars: | 2024-11-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Stocks may be in rally mode after former President Donald Trump's election victory, but not every sector is poised to get a lift. Clean energy One potential big loser is solar and clean energy stocks that benefited from tax credits instituted under President Joe Biden 's Inflation Reduction Act. Retailers Along with changes to clean energy, Trump has hinted at tariffs to buoy U.S. producers. The firm also highlighted companies with greater than 20% China exposure, including Crocs and American Eagle Outfitters , as being among potential tariff losers. STZ 1D mountain Constellation Brands falls amid Trump tariff concerns "With a 50% American whiskey tariff, we would expect BFB to pass some cost along to the consumer, which would put additional pressure on volumes," he wrote.

Persons: Donald Trump's, Kamala Harris, Joe Biden, Trump, Goldman Sachs, Brian Lee, Lee, Melanie Nuñez, Cowen's Robert Moskow, Brown, Forman, Bank of America's Joanna Gajuk, Gajuk, bode, Andrew Mok Organizations: NBC News, Dow Jones, Nasdaq, Technologies, Enphase Energy, Bank of America, American Eagle Outfitters, Constellation Brands, Diageo, EU, Consumer, . Hospital, Republican, Bank of America's, Ardent Health Partners, Universal Health Services, HCA Holdings, Barclays Locations: financials, U.S, China, Scotch, Mexico

☆ The world prepares for a fresh era of tariffs under Trump 2.0
▼ + stars: | 2024-11-06 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

During his first term, Trump imposed tariffs on key industries in both Europe and China. AdvertisementThis time around, analysts told BI that Trump's policies could have a particular impact on Europe. Related storiesEurope is particularly vulnerable to Trump's aggressive trade policies for two main reasons, said Nigel Green, CEO of financial advisory firm deVere Group. AdvertisementDonald Trump met European Commission President Ursula von der Leyen at the World Economic Forum in Davos in 2020. Steven Kennedy, the most senior civil servant in Australia's Treasury department, said Wednesday he expected Trump's tariffs to impact the country's economy.

Persons: Donald Trump's, Trump, —, Donald Trump, Bilal Hafeez, Nigel Green, Green, Morningstar, Trump's, Michael Brown, Ursula von der Leyen, JIM WATSON, Steven Kennedy, Kennedy, Fitch, Latinvex Organizations: Service, European Union, Macro, Economic, of Chicago, Street Journal, deVere, Pharmaceuticals, Morningstar DBRS, Trump, stoke, European, Getty, European Commission, Treasury, News.com.au Locations: Europe, China, Ukraine, Davos, Australasia, Latin America, America, Mexico

☆ A Trump win could have a 'negative impact' on these 3 stocks due to tariff risks, says TD Cowen analysts
▼ + stars: | 2024-11-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Three global alcoholic beverage makers are likely to see a "negative impact" from a Republican victory in the U.S. election due to the potential for trade tariffs, according to TD Cowen analysts. Guinness maker Diageo would be one of the companies to be impacted by a "smaller degree," according to the bank's analysts. These tariff measures were relaxed by the EU in early 2022, but are expected to be reinstated and doubled to 50% in 2025. STZ 5Y line Diageo Tariffs could "hit multiple areas of the business" at Diageo, TD Cowen analysts said. The company, which makes the Don Julio tequilas in Mexico, has nearly a quarter of its total sales in the U.S. reliant on tariff free trade at the southern border.

Persons: Cowen, Jack Daniel's, Brown, Forman, Donald Trump, Cowen's Robert Moskow, BF.B, Don Julio tequilas, DEO Organizations: Republican, Canada's, Dominion Bank, Constellation Brands, Guinness, Diageo, European Union, EU, Constellation, Corona, Trump Locations: U.S, Canada's Toronto, Corona, Mexico

☆ Trump's presidency will hurt Europe's economic growth amid renewed trade tensions, Goldman Sachs says
▼ + stars: | 2024-11-06 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

Europe could take a hit to GDP in a second Trump presidency, Goldman Sachs analysts say. Europe could face a big hit to economic growth as trade tensions increase, Goldman Sachs analysts said. The analysts downgraded their growth forecasts across the region, down to 0.8% from their previous forecast of 1.1% for 2025. AdvertisementThe analysts point to renewed trade tensions fueled by Trump's proposal for sweeping tariffs on all US imports. More significant than the actual tariff increases, though, will be the trade policy uncertainty that comes with them, the analysts say.

Persons: Goldman Sachs, —, Trump, Joachim Nagel, Christine Lagarde Organizations: Trump, Service, EU, NATO Locations: Europe, TPU, Germany, Sweden, Switzerland, China, Ukraine

☆ As China approaches WTO, analysts say Beijing-EU tariff spat unlikely to go 'too far'
▼ + stars: | 2024-11-05 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Beijing will avoid escalation of its dispute with the European Union over tariffs on its electric vehicles, industry watchers said, a day after China again approached the World Trade Organization for resolution. China's commerce ministry said Monday that it had filed an additional appeal with the WTO over the EU's tariffs on its EVs, as bilateral talks have yet to lead to a breakthrough. The EU reportedly accounted for more than 40% of Chinese EV exports in 2023. EU has raised its tariffs to as much as 45.3% on Chinese EVs following an year-long investigation. The measures had prompted Beijing to target European exports such as pork, dairy and brandy products.

Persons: Shaun Rein, Sam Radwan Organizations: European Union, World Trade Organization, WTO, China Market Research, CNBC, U.S, EU, International Locations: Beijing, China, Europe, EU, Washington

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