Britain and India agreed to a trade deal on Tuesday, strengthening economic ties between two of the world’s largest economies amid President Trump’s upheaval of the global trade system, the New York Times reported. The deal, which the British government said would increase bilateral trade by 25.5 billion pounds ($34 billion), comes three years after the negotiations began. Intense talks to finalize the outstanding issues took place last week between Jonathan Reynolds, Britain’s business and trade secretary, and Piyush Goyal, India’s commerce minister.

France’s industrial sector continued to book rising output, capping a positive start to a year that could nevertheless darken if U.S. President Trump’s trade tariffs bite into demand, the Wall Street Journal reported. Production from French factories and other industry increased 0.2% in March from a month earlier, in line with economists’ estimates, figures from the country’s statistics agency showed Tuesday. Following a 1% rise a month earlier, March’s increase helps reverse a monthslong streak of decline in the sector’s output.

U.S. prosecutors said on Monday that UBS, which rescued Credit Suisse from the brink of collapse two years ago, would pay $510 million in fines for the role Credit Suisse played in helping clients evade taxes, the New York Times reported. Credit Suisse, among other moves, helped clients hide more than $4 billion from the Internal Revenue Service in at least 475 accounts, prosecutors said. Credit Suisse’s Singapore office was singled out for holding undeclared accounts for people who owed taxes. The bank pleaded guilty to, in the words of prosecutors, enabling “U.S.

The Freital glassworks produces bottles and glasses for juice, wine and more. But a new investor is being sought for the insolvent glassworks in Freital near Dresden, diesachsen.de reported. The first interested parties from various countries have already come forward, according to the law firm in charge of the restructuring. The prospects for a successful reorganization are good, emphasized lawyer Matthias Rönsch. Business operations have remained stable since filing for insolvency and the company has a healthy core.

For motorcycle lovers in Sweden, Harley-Davidson is the hottest brand on the road. Jack Daniels whiskey beckons from the bar at British pubs. In France, Levis jeans are all about chic. But in the tumult of President Trump’s trade war with Europe, many European consumers are starting to avoid U.S. products and services in what appears to be a decisive and potentially long-term shift away from buying American, according to a new assessment by the European Central Bank, the New York Times reported. In April, Mr.

The European Central Bank (ECB) has selected COTI Network as an exploration sandbox for its digital euro project, Cryptopolitan.com reported. The ECB selected several Pioneer Partners from the private sector to work out potential solutions for the digital euro. COTI Network was singled out for having experience with central bank digital currencies (CBDCs), after an exploratory program with the Central Bank of Israel. COTI represents private crypto entities, as the ECB tapped multiple companies to explore all stages of deploying a digital euro.

Consumer-price inflation in the eurozone remained just above the European Central Bank’s target in April, teeing up more interest-rate cuts as policymakers anticipate a hit to growth from higher U.S. tariffs and growing uncertainty, the Wall Street Journal reported. Consumer prices were 2.2% higher on year in April, a rate of annual inflation that stayed steady from a month earlier, European Union figures showed Friday. Economists polled by The Wall Street Journal had estimated annual inflation at 2.1% for the month.

A nascent recovery in Europe's real estate market has been derailed by global economic uncertainty in the early months of U.S. President Donald Trump's second term, leading deal volumes to shrink after a positive run last year, MSCI data shows, Reuters reported. Property sales in Europe totalled 41 billion euros ($47 billion) in the first quarter of this year, down 11% on the previous year and breaking a run of three consecutive quarters of annual increases, the data showed.

Britain is to restrict consumers' use of credit cards to buy crypto and their access to crypto lending products, the regulator said on Friday, a move aimed at improving protection as cryptoassets are regulated for the first time, Reuters reported. The finance ministry this week said it would bring cryptocurrencies under compulsory regulation, with exchanges, dealers and issuers all coming under the existing rulebook.