AFP
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France orders Tesla to end 'deceptive commercial practices'
French anti-fraud authorities said on Tuesday they have ordered US electric car giant Tesla's local subsidiary to stop "deceptive commercial practices" after an investigation found several violations harmful to consumers and contrary to law.
Oil prices drop as Israel agrees to ceasefire proposal
Oil prices sank 3.5 percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. At around 0830 GMT on Tuesday, Brent was down 3.5 percent at $69.00 per barrel, while the main US crude contract WTI was 3.5 percent lower at $66.10 per barrel.
UK aims to tackle Google dominance of online search
Britain's competition watchdog on Tuesday proposed measures aimed at tackling Google's dominance in online search, with the US tech giant warning that "punitive regulations" could impact UK economic growth. It followed the 2025 implementation of Britain's Digital Markets Competition Regime, which the regulator on Tuesday said "can help unlock opportunities for innovation and growth".
World facing 'most complex' situation in decades: WEF
The world is facing the "most complex" geopolitical situation seen in decades, the head of the World Economic Forum (WEF) told AFP Tuesday, warning that turmoil was "impacting global growth".
Virgin Australia surges in market comeback
Virgin Australia climbed sharply as it re-entered the local share market Tuesday, a dramatic comeback from near bankruptcy more than four years ago. Qatar Airways bought a 25 percent share in the carrier this year.
Asian stocks up as Trump announces Iran-Israel ceasefire
Asian shares gained and oil prices were down Tuesday, as fears of an energy market shock eased following US President Donald Trump's announcement of a ceasefire between Iran and Israel. Trump said Iran and Israel had agreed to a staggered ceasefire that would bring about an "official end" to their conflict, as strikes continued to hammer Tehran.
Better than gold: how Ecuador cashed in on surging cocoa prices
In Ecuador, farmers who bet on cocoa beans rather than bananas, the country's top agricultural export, are cashing in as a global shortage of the main ingredient in chocolate feeds a price bonanza.
New York state to build nuclear power plant
New York Governor Kathy Hochul announced plans Monday to build a nuclear power facility, enlisting a state agency for the first major new US nuclear construction since 2009. Hochul tapped the New York Power Authority to develop a nuclear plant with combined capacity of at least one gigiwatt of electricity, according to a New York state press release.
US existing home sales little-changed on sluggish market
Sales of existing homes in the United States were tepid in May, according to industry data released Monday, as high mortgage rates weighed on the market. From a year ago, existing home sales were down 0.7 percent.
AFP
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