A group of German business figures is set to attend Russia’s flagship St Petersburg International Economic Forum (SPIEF) which kicks off on June 3, marking a return of top German companies to Russia’s flagship event.

BERLIN (Reuters) -The agreement between the United States and European Union on tariffs serves only as a burden to companies due to its lack of clarity, according to a poll of German businesses calling for tougher action from Brussels. The German Chambers of Industry and Commerce (DIHK) said on Wednesday that its poll of firms in August showed they want a clear strategy from the EU even if this could impact their own business. "The EU must clearly preserve its regulatory autonomy and economic sovereignty and must not jeopardise them for the sake of short-term trade deals," said Volker Treier, a foreign trade specialist at the DIHK. Washington and Brussels struck a framework trade deal at the end of July, setting a baseline tariff of 15% on EU goods imported by the U.S., followed by a more detailed joint statement last week. But negotiations continue, with the U.S. tariff rates for cars and metals still unclear. "In an emergency, the EU should not shy away from countermeasures and negotiate robustly. In the long term, the abolition of US tariffs in violation of the WTO remains the goal," Treier added. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Which stocks should you consider in your very next trade? Successful investors know to check multiple angles before making their move. InvestingPro's three powerful features work together to give you that edge: ProPicks AI runs 80+ stock-picking strategies, including Tech Titans, which doubled the S&P 500's performance in just 18 months! Fair Value combines 17 proven valuation models to help you spot overpriced stocks and undervalued gems. And WarrenAI delivers instant insights on any stock. Ask questions, get vetted answers backed by real-time data (unlike ChatGPT). Our subscribers use all three to identify stocks before double-digit gains and avoid costly mistakes. But with 50% during our Summer Sale, even if you only use one of these features the value pays for itself. Sale ends soon—don't wait until prices go back up.

In light of the challenge posed by US rival Starlink, new Eutelsat CEO Jean-François Fallacher is calling for German participation in his company. “We would be absolutely open,” Fallacher said […]