Business and Economy
UK forges new ties with EU in post-Brexit era
AFP - 11m ago
UK Prime Minister Keir Starmer hailed a new partnership with the EU on Monday, forged at a landmark summit and opening a …
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Guinness maker Diageo cuts costs, eyes US tariff hit
AFP - 50m ago
Diageo, the maker of Guinness stout and Smirnoff vodka, said Monday it would cut costs to reduce debt, as the British …
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French state covered up Nestle water scandal: Senate report
AFP - 1h ago
The French government "at the highest level" covered up a scandal over the treatment of mineral water by food giant …
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Trump tariffs force EU to cut 2025 eurozone growth forecast
AFP - 1h ago
The EU on Monday sharply cut its eurozone economic growth forecast for 2025 because of global trade tensions sparked by …
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Ryanair annual profit drops 16% as fares fall
AFP - 1h ago
Irish no-frills carrier Ryanair on Monday said net profit fell 16 percent in its financial year as it cut ticket prices …
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China's Xiaomi to invest nearly $7 bn in chips
AFP - 2h ago
Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm's …
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Nvidia unveils plan for Taiwan's first 'AI supercomputer'
AFP - 2h ago
Nvidia boss Jensen Huang announced plans for Taiwan's first "AI supercomputer", as he showcased on Monday the company's …
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Stocks, dollar drop after US loses last triple-A credit rating
AFP - 2h ago
Stocks fell with the dollar Monday after Moody's removed the United States' last gold standard sovereign bond rating, …
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UK-EU set to seal closer ties in first summit since Brexit
AFP - 2h ago
UK Prime Minister Keir Starmer was set to seal a deal for closer ties with the European Union at a landmark summit on …
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Markets drop after US loses last triple-A credit rating
AFP - 50m ago
Stocks fell with the dollar Monday after Moody's removed the United States' last gold standard sovereign bond rating, …
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Asian markets drop after US loses last triple-A credit rating
AFP - 4h ago
Asian stocks fell with the dollar Monday after Moody's removed the United States' last gold standard sovereign bond …
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China factory output beats forecasts, weathering tariffs
AFP - 7h ago
Factory output in China grew at a faster rate than expected last month, official data showed Monday, weathering a brutal …
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$TRUMP dinner blurs lines between profit and politics
AFP - 8h ago
More than two hundred guests on Thursday will make their way to a ritzy country club just up the Potomac River from …
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Paris airport chaos to enter second day after air traffic breakdown
May 18 2025
An air traffic control breakdown at Paris-Orly airport caused the cancellation and delay of hundreds of flights and the …
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France to unveil €37 bn in foreign investment at Versailles summit: presidency
May 18 2025
France will announce 37 billion euros ($41.3 billion) in foreign investment on Monday as President Emmanuel Macron hosts …
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Global chip giants converge on Taiwan for Computex
May 18 2025
Global semiconductor chip giants will gather at Taiwan's top tech expo this week to showcase "the next frontier" for an …
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Control tower breakdown brings flight chaos to Paris airport
May 18 2025
A control tower breakdown forced the cancellation of about 130 flights at Paris Orly airport Sunday, leaving thousands …
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India restricts some imports from Bangladesh through land ports
May 18 2025
India's commerce ministry announced restrictions on some imports from Bangladesh via its land borders, prompting fears …
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Tunisian 'revolution oasis' palm grove thrives on self-rule
May 18 2025
Since the inhabitants of Jemna in southern Tunisia wrested control of their 100-year-old palm grove from the state …
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Paris kidnap bid highlights crypto data security risks
May 18 2025
New regulations threaten the security of the personal data of cryptocurrency users and may expose them to "physical …
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High times for German cannabis firm amid medical boom
May 18 2025
At an undisclosed site in Germany's Bavaria state, pharmaceutical CEO Philip Schetter opens a 75-centimetre (30-inch) …
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The US towns that took on 'forever chemical' giants -- and won
May 18 2025
No corner of Earth is untouched. From Tibet to Antarctica, so-called "forever chemicals" have seeped into the blood of …
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US loses last triple-A credit rating as Moody's cuts over govt debt
May 17 2025
The United States lost its last triple-A credit rating from a major agency Friday as Moody's announced a downgrade, …
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US loses last triple-A credit rating as Moody's cuts on growing govt debt
May 16 2025
The United States lost its last triple-A credit rating from a major agency on Friday as Moody's announced a downgrade, …
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US stocks add to weekly gains amid trade deal optimism
May 16 2025
Wall Street stocks rose again Friday, adding to weekly gains fueled by deescalation of the China-US trade war and hopes …
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US Fed plans to cut workforce by 10% in next 'couple of years'
May 16 2025
US Federal Reserve Chair Jerome Powell told staff on Friday that the bank plans to cut its workforce by around 10 …
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EU tech chief urges US cooperation as key decisions near
May 16 2025
EU digital policy chief Henna Virkkunen on Friday urged closer cooperation between the United States and Europe on tech …
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Stock markets seek to hold onto gains
May 16 2025
Global stock markets struggled for direction on Friday as they sought to hold onto weekly gains fuelled by the China-US …
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Ozempic-maker Novo Nordisk says CEO to step down
May 16 2025
Danish drugmaker Novo Nordisk, known for its blockbuster diabetes and weight-loss treatments Ozempic and Wegovy, said …
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French crypto boss hails 'heroic' duo for foiling kidnap bid
May 16 2025
French cryptocurrency boss Pierre Noizat on Friday praised his "heroic" son-in-law and a neighbour armed with a fire …
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Dua Lipa is the youngest person on UK's under-40 rich list
May 16 2025
Pop star Dua Lipa, at 29 years old, is the youngest person featured on The Sunday Times' annual list of Britain's …
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Ramaphosa's talks with Trump chance to reset tattered ties
May 16 2025
South Africa's President Cyril Ramaphosa travels to the United States next week to meet Donald Trump in a bid to rescue …
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Thai tycoon surrenders over deadly skyscraper collapse
May 16 2025
A Thai construction tycoon turned himself in on Friday to face charges of alleged negligence over the collapse of a …
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Stock markets calmer as trade rally eases
May 16 2025
Stock markets were calmer Friday, with European stocks consolidating weekly gains fuelled by the China-US trade war …
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APEC says 'concerned' over challenges to global trade
May 16 2025
The Asia-Pacific Economic Cooperation group said Friday that it was "concerned" over the challenges to global trade, as …
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APEC says 'concerned' over challanges to global trade
May 16 2025
The Asia-Pacific Economic Cooperation group said Friday that it was "concerned" over the challenges to global trade, as …
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Asian markets stagger into weekend as trade rally runs out of legs
May 16 2025
Asian markets limped into the weekend as investors consolidated gains fed by the China-US trade war hiatus, having …
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Take-Two earnings boost delayed along with 'GTA VI'
May 16 2025
Take-Two Interactive on Thursday dialed back earnings expectations for the current fiscal year due to the delayed …
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Nose cone glitch wipes Australian rocket launch
May 16 2025
An Australian aerospace firm said Friday it has scrubbed a historic attempt to send a locally developed rocket into …
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Oil prices fall on hopes for Iran nuclear deal
May 15 2025
Oil prices fell Thursday while global equities were mixed after President Donald Trump said the United States was close …
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US rests case in landmark Meta antitrust trial
May 15 2025
The US government rested its case against Facebook-owner Meta on Thursday, as it tries to persuade a US judge that the …
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Coinbase expects data breach to cost it up to $400 mn
May 15 2025
Coinbase on Thursday said criminals bribed and duped their way to stealing cryptocurrency from its users, then tried to …
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Walmart warns of higher prices due to tariffs
May 15 2025
Walmart on Thursday reported another solid quarter but warned of price increases due to President Donald Trump's tariffs …
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Oil prices tumble on hopes for Iran nuclear deal
May 15 2025
Oil prices tumbled on Thursday after President Donald Trump said the United States was close to making a deal on Iran's …
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US set to lose $12.5 bn in foreign tourism in 2025: industry
May 15 2025
The United States is on track to lose some $12.5 billion in revenue from foreign tourists this year, a tourism industry …
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'Paradigm shift': Germany says to meet Trump's NATO spending target
May 15 2025
Germany's new government surprised NATO allies on Thursday by putting forward plans to boost defence spending, to meet a …
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US retail sales little changed, signs of pullback after pre-tariff rush
May 15 2025
Retail sales in the United States were near-flat in April, government data showed Thursday, with indications that …
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Germany's Commerzbank staff protest UniCredit takeover threat
May 15 2025
Dressed as a Gallic warrior fighting Roman invaders or wearing the yellow of the Commerzbank logo, employees from the …
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US Fed chair warns of potential for 'more persistent' supply shocks
May 15 2025
Federal Reserve Chair Jerome Powell on Thursday warned of the possibility of "more persistent" supply shocks, as US …
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Rome businesses count their blessings with US pope
May 15 2025
The election of the first US pope is a godsend to businesses in Rome, as big-spending pilgrims flocking to the Vatican …
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Struggling steel giant Thyssenkrupp's shares slump after profit hit
May 15 2025
Thyssenkrupp's shares slumped Thursday after it reported worse-than-expected earnings and its steel business took a …
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China's Alibaba posts annual revenue increase despite spending slump
May 15 2025
Internet giant Alibaba posted on Thursday a six percent increase in annual revenue, the latest positive sign for China's …
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EU accuses TikTok of violating digital rules over ads
May 15 2025
The EU accused TikTok on Thursday of breaking digital rules after concluding that the Chinese-owned social media …
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China warns Panama ports deal firms to 'proceed with caution'
May 15 2025
China urged parties involved in Hong Kong conglomerate CK Hutchison's sale of Panama Canal ports to exercise "caution" …
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China's Alibaba says annual revenue up six percent year-on-year
May 15 2025
Internet giant Alibaba posted on Thursday a six percent increase in annual revenue, the latest positive sign for China's …
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UK economy grows above forecasts, but tariffs threaten progress
May 15 2025
Britain's economy grew more than expected in the first quarter, official data showed Thursday, covering the period …
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Cuban cigarillo factory overwhelmed by burning demand overseas
May 15 2025
Cuba's sole producer of cigarillos cannot keep up with exploding demand abroad for the smaller, cheaper, machine-rolled …
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End of nuclear in Taiwan fans energy security fears
May 15 2025
Taiwan will turn off its last nuclear reactor on Saturday, fuelling concerns over the self-ruled island's reliance on …
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Stocks drop as fresh trade news awaited, oil down on Iran hopes
May 15 2025
Equities stuttered Thursday as investors await fresh developments in trade talks, with US partners looking to reach …
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System glitch delays Australian-made rocket launch
May 15 2025
An Australian aerospace firm said Thursday it has delayed a historic first attempt to launch a locally developed rocket …
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Stock markets fluctuate as China-US trade euphoria fades
May 14 2025
Global stocks were mixed Wednesday as euphoria over easing US-China trade tensions petered out while markets looked …
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Trump announces big Boeing order for Qatar Airways
May 14 2025
US President Donald Trump said on Wednesday Qatar Airways had placed a "record" order for 160 planes from Boeing, as he …
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Crypto industry praises Trump, calls for market clarity
May 14 2025
The start of President Donald Trump's term earned rave reviews at the world's leading crypto conference Wednesday, but …
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Spain probes ticket fees for Bad Bunny concerts
May 14 2025
Spain's consumer affairs ministry said Wednesday it has opened a probe into the service fees charged during the sale of …
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China, US slash sweeping tariffs in trade war climbdown
May 14 2025
The United States and China slashed sweeping tariffs on each others' goods for 90 days on Wednesday, marking a temporary …
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Seeking something new, Airbnb CEO promises 'perfect concierge'
May 14 2025
"Novelty is cool. It's exciting. I want to be new (and) fresh," Airbnb CEO Brian Chesky told AFP in Los Angeles, where …
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'Assassin's Creed' no saviour for struggling Ubisoft
May 14 2025
A bumper release for the latest "Assassin's Creed" instalment did not save French video games giant Ubisoft from falling …
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Trump drug price plan could nix investment, warns Roche
May 14 2025
President Donald Trump's plans to dramatically slash drug prices for Americans could make Swiss pharmaceutical giant …
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France summons cryptocurrency businesses after kidnappings
May 14 2025
France on Wednesday faced calls to bolster security for cryptocurrency firms, after armed men attempted to snatch the …
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Merz vows to rev up German economic 'growth engine'
May 14 2025
German Chancellor Friedrich Merz on Wednesday pledged reforms and investment for Europe's biggest economy to transform …
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Rare blue diamond fetches $21.5 mn at auction in Geneva
May 14 2025
An exceptionally-rare blue diamond went under the hammer in Geneva late Tuesday, selling for $21.5 million, Sotheby's …
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Russia jails prominent vote monitor for five years
May 14 2025
Russia on Wednesday sentenced a high-profile election monitor to five years in prison, part of an intensifying crackdown …
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Umbro owner in joint bid for Le Coq Sportif
May 14 2025
A consortium that includes the US owner of sportswear brand Umbro and French telecom billionaire Xavier Niel unveiled …
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Tom Cruise has world guessing as he unleashes 'Mission: Impossible' at Cannes
May 14 2025
Tom Cruise's "Mission: Impossible - The Final Reckoning" powers into the Cannes film festival for its premiere on …
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China's Tencent posts forecast-beating Q1 revenue on gaming growth
May 14 2025
Chinese internet giant Tencent on Wednesday reported a better-than-expected increase in first-quarter revenue, propelled …
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Sony girds for US tariffs after record annual net profit
May 14 2025
Japan's Sony on Wednesday reported a record annual net profit but issued a cautious forecast, saying it hopes to "manage …
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Burberry warns 1,700 jobs at risk after annual loss
May 14 2025
British luxury fashion label Burberry said Wednesday it could shed almost one-fifth of its global workforce over two …
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Equity markets swing as China-US trade euphoria fades
May 14 2025
Stocks fluctuated Wednesday, with investors struggling to track a strong day on Wall Street as euphoria over the …
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Baidu plans self-driving taxi tests in Europe this year
May 14 2025
Chinese tech giant Baidu plans to start testing self-driving taxis in Europe for the first time by the end of this year, …
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Colombia joins Belt and Road initiative as China courts Latin America
May 14 2025
Colombia formally agreed on Wednesday to join China's vast Belt and Road infrastructure initiative, as Beijing draws …
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Protection racket? Asian semiconductor giants fear looming tariffs
May 14 2025
Inside one of South Korea's oldest semiconductor research institutes, the cleanrooms and workshops are calm and …
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Sony logs 18% annual net profit jump, forecast cautious
May 14 2025
Japanese entertainment and electronics giant Sony on Wednesday reported an 18 percent jump in annual net profit but …
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China, US to lift sweeping tariffs in trade war climbdown
May 14 2025
The United States and China will lift sweeping tariffs on each others' goods for 90 days on Wednesday, after a temporary …
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Asian markets swing as China-US trade euphoria fades
May 14 2025
Asian stocks fluctuated Wednesday, with investors struggling to track a strong day on Wall Street as euphoria over the …
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Australian seaweed farm tackles burps to help climate
May 14 2025
It is barely visible, and needs no irrigation or fertilisers: lying off the coast of Australia is a vast seaweed crop …
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'Panic and paralysis': US firms fret despite China tariff reprieve
May 14 2025
President Donald Trump's rollercoaster tariff row with Beijing has wreaked havoc on US companies that rely on Chinese …
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US stocks mostly rise on better inflation data while dollar retreats
May 13 2025
Wall Street stocks mostly rose Tuesday while oil prices advanced, extending a rally as the improved state of US-China …
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Republicans eye key votes on Trump tax cuts mega-bill
May 13 2025
Republicans geared up Tuesday for a series of crucial votes on Donald Trump's domestic policy mega-bill, with rows over …
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US inflation cooled in April as Trump began tariff rollout
May 13 2025
US President Donald Trump on Tuesday hailed cooler-than-expected April inflation data and reiterated his call for the …
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US reverses Biden-era export controls on advanced AI chips
May 13 2025
The United States rescinded further export controls Tuesday on advanced computing semiconductors, answering calls by …
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Stocks mixed after cool US inflation and as rally tapers
May 13 2025
Stocks traded mixed and the dollar dipped on Tuesday as the rally from the previous day faded despite cool US inflation …
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US inflation cooled in April as Trump rolled out tariffs
May 13 2025
US consumer inflation cooled slightly in April, but analysts warned prices could spike in the coming months as …
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Dutch climate group launches new case against Shell
May 13 2025
Dutch environmental group Milieudefensie said Tuesday it was launching a new legal case against Shell, aiming to stop …
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US consumer inflation cooled in April as Trump rolled out tariffs
May 13 2025
US consumer inflation cooled slightly in April, but analysts warned prices could spike in the coming months as …
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Stocks mostly higher on cool US inflation
May 13 2025
US and European stock markets mostly rose on Tuesday as cool US inflation data reassured concerns about the economy.
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US consumer inflation cooled in April to lowest level since 2021
May 13 2025
US consumer inflation cooled slightly in April to reach its lowest level since February 2021, beating expectations as …
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Europe's biggest 'green' methanol plant opens in Denmark
May 13 2025
Europe's largest "green" methanol plant opened in Denmark on Tuesday, boosting the continent's emissions reduction …
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European stocks, dollar steady after China-US truce rally
May 13 2025
European stock markets and the dollar steadied Tuesday after kicking off the week with strong gains as investors basked …
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Nissan posts $4.5 bn annual net loss, to cut 20,000 jobs
May 13 2025
Japan's Nissan posted an annual net loss of $4.5 billion on Tuesday while saying it plans to cut 15 percent of its …
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Customer data stolen in Marks & Spencer cyberattack
May 13 2025
British retailer Marks & Spencer said on Tuesday that some personal data of its customers was stolen in a cyberattack …
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German investors cheered by tariff talks, new government
May 13 2025
German investor sentiment has jumped, buoyed by rollbacks of US tariffs, and the formation of a new national government, …
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Japan's SoftBank posts $7.8 bn annual net profit
May 13 2025
Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on Tuesday …
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