AFP
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EU threatens to target US cars, planes if Trump tariff talks fail
The EU on Thursday threatened to target US cars and planes among a raft of products worth 95 billion euros ($107 billion) if negotiations with President Donald Trump's team fail to avert a trade war. Planes and autos make up some of the largest value of goods on the list, worth 10.5 billion euros and more than 12 billion euros respectively, a senior EU official said.
EU parliament backs emissions reprieve for carmakers
EU lawmakers on Thursday gave the green light to a delay for European carmakers to meet new emission targets, as the bloc seeks to balance climate goals with supporting the struggling industry. Criticizing the move, Green EU lawmaker Saskia Bricmont said loosening emissions rules would "delay the marketing of affordable electric vehicles, which are vital" for European consumers.
Emirates airline group announces record $6.2 bn gross profit
Dubai's Emirates Group, which includes the Middle East's biggest airline, announced on Thursday gross annual profit of $6.2 billion, its third record in three years. Emirates airline, excluding the group's other businesses, posted a record $5.8 billion pre-tax profit, up 20 percent from the year before.
Nintendo forecasts 15 million Switch 2 sales in 2025-26
Japanese gaming giant Nintendo forecast Thursday that it would sell 15 million units of its hotly awaited Switch 2 console in the current financial year but warned US tariffs could hit its bottom line. Nintendo forecast a net profit of 300 billion yen for the current financial year but warned that US trade tariffs could impact its earnings.
Global cult following keeps Le Creuset simmering
They feature in the Duchess of Sussex's "With Love, Meghan" Netflix cooking show. - Social media success - Le Creuset has 575 retail outlets in the world, with online sales having received a boost from a home cooking craze during the Covid pandemic.
Toyota cites tariffs as it forecasts 35% drop in 2025-26 net profit
Japanese auto giant Toyota on Thursday forecast a 35 percent year-on-year drop in net profit for 2025-26 citing Donald Trump's vehicle tariffs among other factors. For the current financial year that began in April, Toyota now forecasts net profit of 3.1 trillion yen ($21.6 billion).
Trump official to unveil ambitious US air traffic control upgrade
Faced with fresh flight safety problems at a major US airport, the Trump administration is set Thursday to unveil a modernized air traffic control system. A massive overhaul of the US air traffic control system could cost tens of billions of dollars.
Trump to announce trade deal with UK on Thursday: US media
Donald Trump will announce a trade deal with the United Kingdom on Thursday, US media reported, after the president touted a "major" upcoming agreement on social media. Trump wrote earlier on Wednesday the "major trade deal" would be announced with a "big, and highly respected country."
Stocks rise further on growing trade deal hopes
Asian stocks extended their rally Thursday on hopes for an easing of trade war tensions as China and the United States prepare for weekend talks and after Donald Trump flagged a "major trade deal" later in the day. Meanwhile, Trump posted on his Truth Social platform that he would announce "a major trade deal with representatives of a big, and highly respected, country" later Thursday.
AFP
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