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World shares mostly higher as Trump's new tariffs approach

World shares mostly climbed on Wednesday, following a choppy trading day on Wall Street as the Trump administration seeks to win more favorable trade deals with nations around the globe.

In early trading, major indexes in Europe were all higher. Germany's DAX added 0.7% to 24,373.05. Britain's FTSE 100 edged 0.1% higher to 8,861.90. France's CAC 40 rose 0.8% to 7,829.04.

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Trump's trade blitz produces few deals but lots of uncertainty

President Donald Trump and his advisers promised a lightning round of global trade negotiations with dozens of countries back in April.

White House trade adviser Peter Navarro predicted "90 deals in 90 days.'' Administration officials declared that other countries were desperate to make concessions to avoid the massive import taxes – tariffs -- that Trump was threatening to plaster on their products starting July 9.

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Trump's previous tariff push terrified world economy, he's betting this time is different

When President Donald Trump last rolled out tariffs this high, financial markets quaked, consumer confidence crashed and his popularity plunged.

Only three months later, he's betting this time is different.

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Indian workers go on daylong nationwide strike against Modi's economic reforms

Hundreds of thousands of workers across India went on a nationwide strike on Wednesday in opposition to Prime Minister Narendra Modi's efforts to privatize state-run companies and other economic reforms, partially disrupting public services and manufacturing.

A coalition of 10 major trade unions that represent laborers and several other groups that speak for farmers and rural workers called for the one-day industrial action, dubbing it Bharat Bandh," Hindi for "Shut Down India."

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EU aims to reach trade deal with US in 'coming days'

The European Union wants to strike a deal with the United States "in the coming days" to avoid sweeping tariffs, a spokesman said Wednesday.

"The United States has moved its deadline for finalizing deals with partner countries to the first of August. However, we aim to reach a deal before then, potentially even in the coming days, we have shown our readiness to reach an agreement in principle," EU trade spokesman Olof Gill said.

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Morocco bets on video game industry to provide jobs and diversify economy

Morocco is laying down foundations to build a homegrown gaming industry by establishing a developer hub in the capital, training coders and launching programs to draw tech-savvy youth into the sector.

State officials invited developers, students and tech companies from around the world to a gaming expo in Rabat this week, where guests tested new games, competed in e-sports tournaments and heard about new initiatives to bring the burgeoning industry to Morocco. Attendees at the Morocco Gaming Expo battled through shooting games, explored immersive virtual reality worlds, tested educational platforms and mingled with mobile providers eager to stake their claim in the growing mobile gaming market.

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Strike by air traffic controllers disrupts travel to, from and over France

About 40% of flights were canceled Friday at all Paris airports and tens of thousands of passengers were rearranging plans at the height of the summer travel season because of a strike by French air traffic controllers seeking better working conditions.

Disruptions started hitting airports around France on Thursday and intensified Friday. The national civil aviation authority asked airlines to cancel 40% of flights Friday at Charles de Gaulle, Orly and Beauvais airports serving Paris, half of flights in Nice and 30% of flights in Marseille, Lyon and some other cities.

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World shares mostly down as Trump's tariff deadline looms, while US stocks set records

World shares mostly fell on Friday even as U.S. stocks climbed further into record heights as the clock ticks on President Donald Trump's July 9 tariff deadline.

In early trading in Europe, Germany's DAX shed 0.8% to 23,730.61, while the CAC 40 in Paris fell 1.1% to 7,666.91. Britain's FTSE 100 was down 0.4% to 8,790.21. The futures for S&P 500 and Dow Jones Industrial average were both 0.5% lower.

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China imposes anti-dumping duties on European brandy as trade tensions rise

China on Friday imposed anti-dumping duties on European brandy, most notably cognac produced in France, as trade tensions between Beijing and United States allies continue to rise.

The tariffs, effective on Saturday, will range from 27.7% to 34.9%, China's Commerce Ministry said. They are to be in place for five years and will not be applied retroactively.

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US House gives final approval to Trump's big tax bill

House Republicans propelled President Donald Trump's big multitrillion-dollar tax breaks and spending cuts bill to final passage Thursday in Congress, overcoming multiple setbacks to approve his signature second-term policy package before a Fourth of July deadline.

The tight roll call, 218-214, came at a potentially high political cost, with two Republicans joining all Democrats opposed. GOP leaders worked overnight and the president himself leaned on a handful of skeptics to drop their opposition. Democratic leader Hakeem Jeffries of New York delayed voting for more than eight hours by seizing control of the floor with a record-breaking speech against the bill.

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