WASHINGTON: US aircraft manufacturer Boeing said Monday it had reached a “definitive deal” to buy its subcontractor Spirit, which has faced scrutiny over production quality control in recent months.

BRUSSELS: The EU accused Facebook owner Meta on Monday of breaching the bloc’s digital rules, paving the way for potential fines worth billions of euros.

SINGAPORE/BEIJING: China is likely to import record volumes of soybeans in July, drawn by lower prices and the prospect of Donald Trump returning as president and reigniting trade tensions between Beijing and the US, which was once China’s top supplier of the oilseed.

HAVANA: Cuba‘s government said late on Sunday it would double down on price controls and continue to fight tax evasion in an increasingly desperate bid to tamp down on a ballooning fiscal deficit and spiraling inflation that have devastated its economy.

BRADDOCK, US: Nippon Steel’s proposed acquisition of United States Steel has been a source of unease in Pittsburgh, where the metal once dominated the economy and still looms large in the collective psyche.

PLEIKU, Vietnam: Vietnamese coffee growers have been hit hard this year by the worst drought in nearly a decade, raising concerns of pricier espressos across the world, even as some farmers keep yields healthy with clever countermeasures.

WASHINGTON: US manufacturing activity edged lower in June, deepening a recent slump on continued weak demand, according to industry survey data published Monday.

CAIRO: Saudi Arabia’s energy minister announced on Monday the discovery of multiple oil and gas fields in the country’s Eastern Province and Empty Quarter, the official Saudi news agency said.

By Salem Al-Methen DUBAI, July 1 (KUNA) -- UAE Minister of State for Foreign Trade Dr. Thani Al-Zeyoudi discussed on Monday with two Kuwaiti officials ways to enhance economic and trade cooperation between the two countries.