GameStop pledged on Friday to pursue its proposed takeover of eBay , even after the e-commerce firm rejected an unsolicited cash-and-stock offer of about $56 billion from the videogame retailer.
Iran said it struck targets linked to U.S. forces on Saturday in response to U.S. airstrikes on its southern coast, as each side continued to accuse the other of violating last week’s agreement meant to end the four-month-old war.
As France sweltered under one of the worst heatwaves ever recorded this week, city dwellers scrambled for any escape they could find, with many checking into hotels to benefit from air conditioning and access to pools.
U.S. President Donald Trump threatened on Friday a 100% tariff on all goods from any country that imposes a digital services tax on American companies, inflaming transatlantic trade tensions a day after European Union countries met Trump’s July 4 deadline to cut tariffs on U.S. goods.
The U.S. trade deficit in goods swelled to a 14-month high in May as businesses boosted imports, likely to avoid shortages and higher prices related to the war in the Middle East, prompting economists to cut their growth estimates for the second quarter.
U.S. solar developers have secured federal subsidies for a wave of projects large enough to nearly double current capacity, rushing to beat a July 4 deadline that could send renewable power costs sharply higher.
A drop in oil prices after a fragile U.S.-Iran truce has helped ease immediate inflationary pressure in many emerging markets, but cheaper oil alone will not defuse the threat of civil unrest as the damage to household finances has already been done, analysts say.
Germans braced for sweltering conditions on Saturday as a heatwave linked to dozens of deaths in Western Europe was forecast to move east and bring temperatures approaching 40 degrees Celsius (104 degrees Fahrenheit) to Germany and Poland.