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UK's renationalised trains to get Union Flag makeover
Britain's railways will feature trains painted in the red, white and blue of the nation's Union Flag as underperforming train operators return to state ownership, the UK government announced Tuesday. Owing to poor service, some train operators already entered state ownership under the previous Conservative government.
BMW names new boss to steer car giant in tough times
BMW said Tuesday its head of production Milan Nedeljkovic will take over as chief executive as the German auto giant contends with challenges ranging from the electric shift to Chinese competition. Nedeljkovic currently oversees the group's factories worldwide, which produce both electric and combustion engine models on the same production lines.
Euroclear details 'concerns' over EU's frozen Russian asset plan
EU reassurances over its plan to use frozen Russian assets to help fund Ukraine have failed to quell worries about the untested scheme, the organisation holding most of the funds told AFP. "We've made very, very clear that we still have concerns," Guillaume Eliet, chief risk officer at Brussels-based clearing house Euroclear, told AFP in an interview.
'Resilient' airlines head for record passenger numbers: IATA
International airlines expect to transport a record 5.2 billion passengers in 2026 despite global headwinds affecting the sector, the industry's trade association said on Tuesday. Global passenger numbers this year are expected just shy of the five-billion figure, at 4.98 billion, up from 4.77 billion in 2024 the previous record figure. tq/jh/tw
Greek govt seeks to tackle farmer protests after Crete clashes
Greece's government was on Tuesday scrambling to keep angry farmers from blocking key infrastructure after airports were occupied on Crete in a growing nationwide protest for agriculture funds. On Monday, farmers on the island of Crete broke through police lines and occupied the main airports of Heraklion and Chania, forcing several flights to be cancelled or rescheduled.
EU launches antitrust probe into Google's data use for AI
The EU announced Tuesday it had opened a probe to assess whether Google breached antitrust rules by using content put online by media and other publishers to train and provide AI services without appropriate compensation.
German exports tread water as US, China shipments fall
German exports almost stagnated in October, official data showed Tuesday, as heavy declines in shipments to the United States and China eclipsed growing trade with the rest of Europe. Shipments to the United States -- Germany's top export market -- plummeted almost eight percent as the effect of tariffs continues to exact a heavy toll.
Most markets track Wall St losses as jitters set in ahead of Fed
Most stocks fell in Asia on Tuesday as investors grow nervous about the Federal Reserve's plans for interest rates next year following an expected cut this week. However, the excitement has calmed in recent days and Bloomberg reported that markets are pricing two more reductions next year, down from the three expected last week.
Rising living costs dim holiday sparkle for US households
At a Christmas market outside the US capital, festive cheer alone hasn't been enough to drive affordability worries out of shoppers' minds -- as American households contend with creeping inflation this holiday season. His plans underscore the affordability pressures that American households are facing, with dissatisfaction mounting over costs of living.
AFP
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