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French court rejects Shein suspension
A French court on Friday rejected the state's request to suspend Shein's site in France as "disproportionate" after the Asian e-commerce giant removed illicit products sold on its platform. The state's request that Shein "at a minimum" maintain the suspension of its marketplace, which hosts products sold by third-party vendors, was not granted.
France's budget hits snag in setback for embattled PM
A joint committee of French lawmakers on Friday failed to reach a compromise on the state budget for next year, parliamentary sources said, meaning France would not have a 2026 budget by year end. "Parliament will therefore be unable to vote on a budget for France before the end of the year," Prime Minister Sebastien Lecornu said on X after senators and members of the lower house could not agree.
Mexican low-cost airlines Volaris and Viva agree to merger
Two of Mexico's top low-budget airlines said Thursday they had agreed to merge, setting up a deal that could create one of the country's largest domestic carriers. The deal, expected to close in 2026, is subject to regulatory approval in Mexico and could draw opposition from the budget airlines' main competitor, Aeromexico.
Volatile Oracle shares a proxy for Wall Street's AI jitters
For a reading of Wall Street's shifting mood on the artificial intelligence investment boom, take a look at the daily fluctuations of Oracle stock, analysts say. Analysts bullish on the stock have emphasized its huge growth potential with the AI boom.
Japan hikes interest rates to 30-year-high
The Bank of Japan hiked interest rates to a 30-year high of 0.75 percent on Friday, the first increase since January, as it said the economy had shown signs of improvement. However, with worries about the global outlook and US tariffs growing, it paused at the start of 2025, with the last increase in January taking rates to their highest level in 17 years.
Asian markets rise as US inflation eases, Micron soothes tech fears
Asian markets rose Friday as a below-forecast read on US inflation boosted hopes for another interest rate cut next month, while blockbuster earnings from chip firm Micron helped soothe nerves over a tech bubble.
TikTok: key things to know
TikTok boasts over a billion users worldwide, including more than 170 million in the United States, it says -- nearly half the country's population. The platform has faced scrutiny from governments worldwide, particularly in the United States, over data privacy and potential ties to the Chinese government, including accusations of spying and propaganda.
Trump signs $900 bn defense policy bill into law
President Donald Trump signed a sweeping defense policy bill into law Thursday that signaled strong bipartisan support for Europe and defied the US leader's increasingly hostile posture toward NATO and America's closest allies.
TikTok signs joint venture deal to end US ban threat
TikTok said Thursday it had signed a joint venture deal with investors that would allow the company to maintain operations in the United States and avoid a ban threat over its Chinese ownership, US media reported.
AFP
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