After European Union leaders said they would keep negotiating instead of immediately retaliating against President Trump’s latest threat, businesses remain unable to develop long-term plans.

Aircraft, machinery, cars, chemicals and medical devices are the leading big-ticket items on the latest list of U.S. goods the European Commission has proposed to impose tariffs on if talks with Washington do not yield an agreement on trade.

Returning to the jobs market, a study from McKinsey found UK businesses are dialling back hiring for positions likely to be impacted by the rollout of AI. The overall number of online job postings fell by 31% in the three months to May compared to the same period in 2022,

The European Union will suspend retaliatory tariffs on U.S. goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month.

European producers say streamers investment obligation will improve local content, increase competitiveness against 'stone cold' U.S. market.