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By Florence Tan SINGAPORE (Reuters) -Oil prices nudged higher on Monday, adding to gains of more than 2% from Friday, as investors eyed further U.S. sanctions on Russia that may affect global supplies, but a ramp-up in Saudi output and ongoing tariff uncertainty limited gains. Brent crude futures rose 8 cents to $70.44 a barrel...

(Reuters) -SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk’s ventures as his artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported on Saturday. The investment follows xAI’s merger with X and values the combined company...

Europe should activate countermeasures against Trump tariffs, lawmaker says

Europe should activate countermeasures against Trump tariffs, lawmaker says Reuters Sat, July 12, 2025 at 7:08 PM UTC 1 min read Harbor in Hamburg BERLIN (Reuters) -A senior European lawmaker said on Saturday Brussels should react immediately with countermeasures against U.S. President Donald Trump’s “outrageous” threat to hike tariffs on imports from the European Union....

(Reuters) -The European Union said on Saturday it was ready to retaliate to defend its interests if the United States pressed ahead with imposing a 30% tariff on European goods from August 1. U.S. President Donald Trump latest salvo surprised the bloc, the United States’ largest trading partner, which had hoped to avoid an escalating...

(Reuters) -Alphabet’s Google has hired several key staff members from AI code generation startup Windsurf, a Google spokesperson said on Friday, in a surprise move following an attempt by its rival OpenAI to acquire the startup. Windsurf CEO Varun Mohan, co-founder Douglas Chen, and select members of the coding tool’s research and development team will...