Swiss Manufacturing Jumps on Hope for Tariff Deal With US
The Purchasing Managers' Index rose to 49.6 from 42.1 in May, the third-largest change in the indicator's history, UBS and procure.ch said on Tuesday. Economists surveyed by Bloomberg had expected a smaller increase.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Juventus seal move for Jonathan David
After an extremely long period of contacts and negotiations, Juventus have completed their pursuit of former Lille forward and Canadian international Jonathan David, sealing their first signing of the 2025/26 season. Giovanni Albanese of La Gazzetta dello Sport reports that the Bianconeri have acquired the 25-year-old on a multi-year contract worth €6m per-season, with additional bonuses of €2m. Advertisement David has been the main topic of the transfer market thus far as the well-documented forward was available on a free transfer at the end of the season after deciding not to renew his contract with Lille, ending his five-year stay at the French giants. The clinical finisher had a stellar campaign, ending the season with a total of 25 goals and 12 assists in 49 games-played across all competitions, proving to be a pivotal asset up-top. Hence, the Canadian forward has attracted numerous suitors such as Inter, Napoli, Milan, PSG, Arsenal, Liverpool, Man United, Chelsea, Tottenham, and Bayern Munich. Despite the immense competition for David's signature, the Bianconeri managed to overcome the European giants in acquiring the 25-year-old forward's services, and are now prepared to let attacking pair Dusan Vlahovic and Arkadiusz Milik depart the club to make room in the attacking department. Julian Faustini Ι GIFN
Yahoo
23 minutes ago
- Yahoo
US open to 'creative solutions' on pharma trade with EU, Irish minister says
By Conor Humphries DUBLIN (Reuters) -U.S. Trade Representative Jamieson Greer made clear in a meeting with Irish Trade Minster Simon Harris last month that Washington was open to "creative solutions" on pharmaceutical trade between the U.S. and European Union, Harris said on Wednesday. "He made it clear that he was open to creative solutions when it comes to pharma and I think that's an important recognition that actually pharma between the U.S. and the EU, the U.S. and Ireland, is much more interdependent than perhaps people were led to believe in certain quarters at the start of this process," Harris told reporters. The European Union wants immediate relief from tariffs in key sectors as part of any trade deal with the U.S. due by a July 9 deadline, EU diplomats have told Reuters, even as they accept the U.S. baseline tariff of 10% as unavoidable. The EU also wants a deal to cover commercial aircraft and parts, pharmaceuticals and semiconductors, sectors the U.S. is investigating, but has not yet imposed extra duties on. Trump said in June the pharma duties would be announced "very soon". "I think it's important to be truthful with people, the EU is negotiating with an administration that believes in tariffs and clearly I think 10% seems to be the baseline in any agreement they (the U.S.) have reached so far," Harris said. "But we will be seeking at an EU level to maximise the number of sectors where there is zero-for-zero (tariffs)." Harris highlighted pharma, aviation and agriculture as areas Dublin would like trade between the EU and U.S. to flow freely. He added that there was a welcome intensity to the talks between the EU and U.S. and that while a brief extension to the July 9 deadline is something that can considered, it would be preferable to at the very least deliver a framework agreement and set forward a roadmap for further engagement on key sectors.
Yahoo
23 minutes ago
- Yahoo
Bessent Advisor Says Tariffs Could Bring in $300 Billion
Joseph Lavorgna, counselor to Treasury Secretary Scott Bessent, says 10-12 countries are close to reaching a new trade deal with the US and about another 20 are negotiating in good faith. He talks about the potential revenue from tariffs and the strength of the US dollar on "Bloomberg Surveillance."
