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Barclays bank profit jumps on US tariffs volatility
Barclays bank profit jumps on US tariffs volatility
Business and Economy
by  AFP

British bank Barclays posted on Tuesday second quarter profits that beat expectations as traders benefitted from volatility in global markets caused by US President Donald Trump's tariff blitz. The bank said the boost to its global markets income reflected "continued support provided to clients through a volatile market environment".

Philips chops back US tariff bill
Philips chops back US tariff bill
Business and Economy
by  AFP

Dutch medical equipment manufacturer Philips said Tuesday that the impact of US tariffs would be much less than it initially estimated, sending its share price surging. It said Tuesday it now expects between 150 and 200 million euros impact from US tariffs this year.