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- China, U.S. confirm details of their trade deal, Beijing saysThe statement came after U.S. President Donald Trump said that both sides had signed a trade deal, without providing further details.
- British cars are being stolen and shipped within a day, fueling a multi-billion-pound crime billThe cars that are being stolen are not just typically high-end vehicles like Range Rovers or Rolls-Royces, but models like the Ford Fiesta and Volkswagen Golf.
- European autos stocks jump 2% after White House hints at tariff deadline extensionJoin CNBC for live updates on the biggest moves in European financial markets.
- UK auto production for May slumps to lowest level since 1949 as Trump tariffs hit hardThe dramatic slowdown in car production is due in large part to ongoing model changeovers, restructuring and the impact of tariffs, SMMT said.
- S&P 500 and Nasdaq 100 futures rise ahead of inflation data: Live updatesThe Nasdaq Composite jumped nearly 1%, also coming within striking distance of a fresh record. The Dow popped about 0.14%.
- China skirts U.S. sanctions as top buyer of Iranian oil — here’s how, and why that’s unlikely to change soonU.S. sanctions have barely put a dent on China's massive purchases of discounted Iranian oil, thanks to a shadow supply chain of transshipment.