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US senator warns of fossil fuel coup, economic reckoning
One of the US Senate's leading climate advocates says President Donald Trump's administration no longer governs -- it "occupies" the nation on behalf of Big Oil. "This isn't even government any longer," the 69-year-old told a small group of reporters ahead of an address to Congress Wednesday -- his 300th so-called "Time to Wake Up" speech, delivered as activists reel from Trump's actions.
Starbucks receives bids for stake in China business: US media
Starbucks has received around 30 offers from investment firms seeking a stake in the company's China business, US media reported Wednesday. Starbucks declined to comment directly on any offers received but said it would not exit China.
Copper's strategic role threatened by Trump tariffs
US President Donald Trump's threat to impose 50-percent tariffs on copper imports has roiled the strategic metal on markets. This is the level that markets had expected before Trump's bombshell announcement this week of a planned 50-percent tariff. pml-bcp/gv
Trump issues more letters to countries in push for tariff deals
US President Donald Trump released a fresh set of letters to trading partners Wednesday, setting out tariff rates for six countries as Washington pushes to bring about a flurry of trade deals. While the president in April imposed a 10 percent levy on almost all trading partners, he unveiled -- and then held off on -- higher rates for dozens of economies.
Copper giant Chile awaits 'official' news on US tariff raise
Chile, the world's biggest copper producer, said Wednesday it was awaiting an "official" follow-up on US President Donald Trump's announcement of a 50 percent tariff on imports of the metal. State-owned copper giant Codelco, the world's single biggest producer of the metal used in wiring, motors and renewable energy generation, also noted there had been no formal communication on the US tariffs.
X chief Yaccarino steps down after two years
Linda Yaccarino resigned Wednesday as CEO of X, the social media platform formerly known as Twitter, after two years at the helm of the Elon Musk-owned company. Yaccarino -- a former NBCUniversal advertising executive -- took over as X's CEO in June 2023, replacing Musk who had been serving in the role since his $44 billion acquisition of Twitter in October 2022.
Six rescued from cargo ship attacked in Red Sea: EU naval force
Six mariners have been rescued after a deadly attack on a cargo ship that sank off rebel-held Yemen, an EU maritime force said Wednesday, as the search continued for the rest of the crew. Earlier, the British navy's United Kingdom Maritime Trade Operations had reported five crew had been rescued after "search and rescue operations commenced overnight".
Commerzbank commits to strategy as UniCredit ups direct stake
German lender Commerzbank said Wednesday it was committed to its strategy after Italian bank UniCredit formally upped its stake in its rival, laying the ground for a potential takeover bid. Commerzbank has strongly resisted a possible takeover by UniCredit since the Italian bank announced in September it had quietly built up a stake in the German group.
Volkswagen US deliveries fall as Trump tariffs bite
Europe's largest automaker Volkswagen said Wednesday that sales into the United States had taken a hit, underscoring the impact of President Donald Trump's drastic trade measures. Carmakers have rushed to find ways to minimise the impact of the levies, with high-end automaker Mercedes-Benz on Monday saying it had delayed some US deliveries in the expectation of tariffs coming back down.
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