AFP
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Apple under pressure to shine after AI stumble
Pressure is on Apple to show it hasn't lost its magic despite broken promises to ramp up iPhones with generative artificial intelligence (GenAI) as rivals race ahead with the technology. "The bottom line is Apple seemed to underestimate the AI shift, then over-promised features, and is now racing to catch up," Gene Munster and Brian Baker of Deepwater Asset Management wrote in a WWDC preview note.
US aerospace industry anxious as tariffs loom
US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that the proposed Trump administration levies could eat into the healthy trade surplus the sector has enjoyed for more than 70 years. The US industry those tariffs were crafted to protect swiftly let the administration know it was not interested.
From allies to enemies: the cost of a Musk-Trump split
The bitter clash between Elon Musk and Donald Trump has drawn a spotlight on the South African-born tycoon's businesses.
Trump-Musk showdown threatens US space plans
SpaceX's rockets ferry US astronauts to the International Space Station. The next, with partner Axiom Space, will carry astronauts from India, Poland, and Hungary, funded by their respective governments.
Trump says fresh US-China trade talks in London next week
US President Donald Trump announced Friday a new round of trade talks with China in London next week, a day after calling Chinese counterpart Xi Jinping in a bid to end a bitter battle over tariffs. While Trump's long-awaited phone call with Xi this week likely paved the way for further high-level trade talks, a swift resolution to the tariffs impasse remains uncertain. dk-bys/acb
EU states look to trim compensation for flight delays
EU countries have backed a plan to allow airlines to incur longer flight delays before having to compensate passengers -- a contested move intended to be offset by several new passenger rights. For longer flights, the right to compensation of 500 euros would kick in after a six-hour delay.
Trump may get rid of his Tesla after Musk row: official
Donald Trump may now offload a Tesla he said he bought earlier this year in a show of support for Elon Musk, a White House official said Friday, following a blazing row between the US president and his billionaire former advisor. "He's thinking about it, yes," a senior White House official told AFP when asked if the Republican would sell or give away the Tesla.
US job market resilient in May despite Trump tariffs
The United States added more jobs than analysts expected in May even as hiring cooled, government data showed Friday, a resilient showing amid growing scrutiny over the effects of President Donald Trump's widespread tariffs. All these mean that such effects could soon show up in government employment numbers.
Eurozone GDP growth revised up to 0.6% in first quarter
The eurozone economy expanded at a significantly faster pace than estimated in the first three months of 2025, official data showed Friday, thanks to better-than-expected growth in Germany and strong output in Ireland. The data confirms a pivot back to expansion for Germany after its economy contracted by 0.2 percent in the final quarter last year.
AFP
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