Thursday, October 15
U.S. President Donald Trump's trade negotiators are pushing the EU to make unilateral tariff reductions on U.S. goods, saying without concessions the bloc will not progress in talks to avoid additional 20% "reciprocal" duties, the Financial Times reported on Friday.U.S. Trade Representative Jamieson Greer is preparing to tell European Trade Commissioner Maros Sefcovic on Friday that a recent "explanatory note" shared by Brussels for the talks falls short of U.S. expectations, the newspaper said citing unnamed sources.The FT added that the European Union has been pushing for a jointly agreed framework text for the talks but the two sides remain too far apart.Reuters was unable to immediately verify the report. The European Commission and Office of the United States Trade Representative did
Aditya Birla Fashion and Retail Ltd on Friday said its consolidated net loss narrowed to Rs 23.55 crore in the fourth quarter ended March 2025. The company had posted a net loss of Rs 266.36 crore during the January-March quarter a year ago, according a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its revenue from operations rose to Rs 1,719.48 during the quarter under review. It was at Rs 1,575.12 crore in the year-ago period. Total expenses of ABFRL were at Rs 1,959.53 crore in the March quarter. According to ABFRL, its results are not comparable due to demerger of Madura Fashion & Lifestyle Business. "Pursuant to the demerger, the balances of assets and liabilities relating to MFL business has been transferred to the resulting company. Accordingly, the ba
