European shares edge higher; investors eye trade developments
The pan-European STOXX 600 index (.STOXX), opens new tab advanced 0.2% at 542.42 points, as of 0708 GMT.
With the July 9 deadline for countries to reach deals with the United States fast approaching, uncertainty about U.S. tariffs and their impact on global growth has kept investors on edge.
U.S. President Donald Trump expressed frustration with U.S.-Japan trade negotiations on Monday as Treasury Secretary Scott Bessent warned that countries could be notified of sharply higher tariffs despite good-faith negotiations.
The EU is open to a deal that would apply a universal 10% tariff on many of its exports, but the bloc is seeking U.S. commitments to reduce tariffs in some key sectors, Bloomberg News reported on Monday.
EU's trade chief will hold negotiations this week in Washington to avert higher tariffs.
European utility stocks (.SX6P), opens new tab led sectoral gains, rising 0.9%. Media (.SXMP), opens new tab shares fell 0.6%.
On Tuesday, ECB President Christine Lagarde will join a panel with several other central bank chiefs, including the U.S. Fed chair, at the ECB forum in Sintra, Portugal.
Lagarde said on Monday that uncertainty is bound to remain a key feature of the global economy.
In the U.S., investors await a vote over Trump's sweeping tax-cut and spending bill.
Renault (RENA.PA), opens new tab said it will report a loss of about 9.5 billion euros ($11.2 billion) on its stake in Nissan Motor (7201.T), opens new tab in the first half. Shares of the French carmaker fell 1.2%.
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The Guardian
16 minutes ago
- The Guardian
Staunch election denier appointed to Georgia county's board of elections
An Atlanta-area county has appointed a staunch election denier, with a history of challenging voter registrations, to the county's board of registration and elections, a pivotal position to cast doubt on the results of future elections. DeKalb county's Republican committee nominated Gail Lee and a second Republican activist, but the nomination of William Henderson was rejected last week by the chief judge of the DeKalb county superior court, Shondeana Morris, after a letter campaign against the two promoted by the county's Democratic committee and voting rights activists. Lee has challenged the registration of hundreds of voters in DeKalb County since the 2020 election, beginning her efforts after Donald Trump's narrow loss to Joe Biden in 2020. Lee told CBS News in December 2023 that she still believed Trump won, and attended a 2022 conference in Georgia hosted by the Election Integrity Network – a 2020 election denialist group linked to the Trump campaign. 'Putting a known election denier who has repeatedly tried to remove voters from the rolls on the DeKalb county elections board is a slap in the face to DeKalb voters,' Kristin Nabers, Georgia state director for the voting rights advocacy organization All Voting is Local, said in a statement. 'Lee is the architect of mass voter challenges against her neighbors in DeKalb county,' she added. 'Time and time again, she has attempted to strip Georgians of their right to vote and perpetuated a stream of lies about our elections and the hardworking officials who administer them. Those who repeatedly push lies about voting and support dangerous attempts to overturn the results should have no say over our elections.' Lee did not return a call and text seeking comment. About 370,000 of DeKalb county's 500,000 registered voters cast a ballot in the 2024 presidential election, and Kamala Harris won 82% of them, representing about one in eight votes she won in the state. The county's Republican and Democratic parties each nominate two people to serve on the county's elections board in four-year terms. The fifth member is named by the county's chief superior court judge. In a letter explaining her rejection of Henderson, Morris cited 'over 200 pieces of correspondence from the public' as well as his public statements and 'an ongoing lawsuit filed by Mr. Henderson against the board.' Henderson is also a prolific challenger of voter registrations in DeKalb county. In 2024, Henderson filed a lawsuit in superior court alleging the DeKalb county board of registration and elections violated the law by refusing to consider challenges to voters' eligibility within 90 days of the election. Morris cited the suit as a conflict creating an impediment to his appointment. 'I do not believe that appointing Mr. Henderson to the board would further the goals of ensuring that elections are credible and trustworthy in the eyes of the public,' Morris wrote. 'Rather, I am concerned that his appointment would do the opposite, as he has already sought to do through his public statements in the past.' Henderson disagreed with Morris's decision, describing his legal action as a writ of mandamus and not a lawsuit. Asked if he believed the 2020 election had been fairly conducted, Henderson said: 'The 2020 election happened five years ago and it's not anything that we should be concerned with right now.' He added that asking the question at all was indicative of bias. 'My whole reason for being involved in this is to try and make sure that our voter roll is accurate, concise, legal and clean,' Henderson said. He characterized the opposition to his nomination as 'manufactured' by Democrats and the League of Women Voters through a social media campaign. 'I don't think those 200 letters were relevant.'
Daily Mail
24 minutes ago
- Daily Mail
Jaguar in crisis after woke rebrand that stunned fans crashes sales
Jaguar's sales have plummeted after the legendary British car marque's ' woke ' rebrand left fans outraged. Sales of the luxury motoring manufacturer appear to be in freefall following its controversial move to scrap its iconic 'growler' big cat logo in November. The firm's rebrand saw it replace the well-known badge in favour of a geometric 'J' design - which lovers of the brand raged looked like the logo on a handbag clasp. Meanwhile, a glossy ad campaign accompanying the design overhaul, featuring androgynous-looking men and women in exuberant clothes, also came under fire. And as the firestorm surrounding the famed car maker's change continues to rage, sales at Jaguar Europe have plunged a staggering 97.5 per cent. According to figures from the European Automobile Manufacturers' Association (AECA), the company registered just 49 new vehicles in April 2025 compared to 1,961 units sold in the same month last year. Year-to-date sales from January to April also slumped, dropping 75.1 per cent with just 2,665 motors sold. Globally, Jaguar sold just 26,862 vehicles for the 2024/25 financial year - an 85 per cent drop compared to 2018. The sales dip followed Jaguar's repositioning away from its performance and heritage roots towards a lifestyle-focused, fashion-forward brand. Jag's big rebrand had been in development for three years as the company prepares to become an all-electric car manufacturer ahead of the UK's 2030 target to stop selling new purely fossil fuel-powered cars. Launched under the slogan 'copy nothing' - an adage from company founder Sir William Lyons - the new ad featured diverse models in technicolour outfits walking through an alien landscape. Around 800 people are believed to have worked on the rebrand, which peaked with the unveiling of a 'design vision concept' at Miami Art Week in December. However, the sales slump may not be as catastrophic as it first appears. As part of Jaguar's refresh, the car firm intentionally stopped producing cars at the end of 2024, a move which stretched into 2025. The manufacturer - now owned by an Indian firm - is currently seeking to bring in a new range of entirely electric vehicles, which were due for release this year. It's unclear whether the brand's gamble - thought to be in a bid to attract younger, more environmentally conscious motorists - will pay off. Jaguar's head of global brand strategy and insight, Richard Green, shared images of a pop-out panel on the concept car However, global branding experts appeared to be less than convinced, ridiculing the makeover and dubbing it a 'dog's dinner'. Californian designer Joseph Alessio said it would be 'taught in schools as how not to do a rebrand,' while another designer labelled it 'one of the most destructive marketing moves ever attempted.' While public relations experts said they were stumped by the firm's decisions - from the 'vandalism' of the company's iconic logo to the apparent casting off of decades of motoring heritage to attract new buyers. Brand and culture expert Nick Ede said he was 'baffled' by the marketing push - which featured precisely no cars - while Oli Garnett, co-founder of creative design agency Something Familiar, called the rebrand a 'dog's dinner'. The likes of Nigel Farage and Elon Musk led other critics, with Farage describing it as 'woke' and warned the automaker risked 'going bust' due to its new design choice. And billionaire Space X owner Musk turned the knife on X, simply asking Jaguar: 'Do you sell cars?' Jaguar, meanwhile, doubled down on the rebrand, sending sassy and saccharine replies to detractors on social media who question the wisdom of moving away from the kind of thinking that birthed iconic vehicles such as the E-Type. And the company's boss, Rawdon Glover - managing director of the Indian-owned firm - hit out at the 'vile hatred and intolerance' directed at the eccentric-looking models who appeared in the video released on November 18. Mr Glover denied the firm was throwing away its near-100-year heritage with its most dramatic rebrand in decades - instead claiming the car maker needed to step away from 'traditional automotive stereotypes' to find its place in the market. Mr Glover told the Financial Times he believed the overall reaction to the campaign had been 'very positive', but that he was disappointed by the 'level of vile hatred and intolerance' directed at the models in the advert. 'If we play in the same way that everybody else does, we'll just get drowned out. So we shouldn't turn up like an auto brand,' Glover said. 'We need to re-establish our brand and at a completely different price point so we need to act differently. We wanted to move away from traditional automotive stereotypes.' MailOnline has approached Jaguar for comment.
The Independent
26 minutes ago
- The Independent
House members in mad scramble back to DC to vote on Trump's ‘Big Beautiful Bill' after heading home for July 4
Members of the House of Representatives from both parties were forced to return to Washington, D.C. to vote on President Donald Trump's ' One Big, Beautiful Bill ' after the Senate passed it, Politico reported. With Trump exerting great pressure on Speaker Mike Johnson to get the bill to his desk for a signing before the July 4 holiday, the House plans to vote on the bill as soon as possible. That triggered a mad dash back to the nation's capital and comes amid a Republican rift over the amended bill — which would force cuts to Medicaid and makes states shoulder more of the cost for food assistance while extending the 2017 tax cuts Trump signed. Republican Rep. Nancy Mace posted that she and her team would travel back from South Carolina by van. 'We have secured a van for a DC road trip tonight to make it in time for votes on BBB tomorrow,' Mace posted. Democratic Rep. Raja Krishnamoorthi, who is running for Illinois' open Senate seat, hosted a Zoom town hall as he drove 14 hours to Washington after his flight was canceled. 'We made it,' he said. 'Drove overnight from IL to vote NO on this Large Lousy Law.' By coincidence, Rep. Derek Tran of California wound up stranded in the Pittsburgh airport, so he and fellow Democratic Rep. Chris DeLuzio of Pennsylvania drove to Washington and hosted a virtual town hall as well. Democratic Rep. Mark Pocan of Wisconsin posted how his flight was canceled because of thunderstorms, so he would drive to Chicago to make an early flight to Washington. The bill passed the House of Representatives narrowly last month, partially due to the fact that three Democratic members of Congress had died. House Speaker Mike Johnson has scheduled a vote for the morning. The vote comes after the Senate conducted a marathon 27-hour vote-a-rama before passing the bill by a 51-50 margin with Vice President JD Vance breaking a tie in the Senate. Three Republicans--Sens. Rand Paul of Kentucky, Susan Collins of Maine and Thom Tillis of North Carolina--opposed the bill. But many House members have criticized the bill. During a House Rules Committee hearing, Rep. Chip Roy of Texas, who criticized the bill last month but nonetheless voted for it, said the Senate 'failed' with the bill. Plenty of Republican members also fear the cuts to Medicaid could disproportionately hurt their constituents.
