AFP
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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.
Russia cuts interest rates from two-decade high as economy slows
Russia's central bank on Friday cut its key interest rate to 20 percent -- down from a two-decade high of 21 percent -- as the economy slows and officials say months of rapid price rises are coming under control. The bank had come under increasing political pressure this year to cut interest rates, which businesses said was throttling the economy and killing investment.
Germany faces two more years of recession if US trade war escalates: central bank
Germany could face two more years of recession if a trade war with the United States escalates sharply, the central bank said Friday, a bleak warning for Europe's struggling top economy. Trump's tariff blitz stands to hit export power Germany hard, as the United States was Germany's top trading partner in 2024, receiving huge quantities of its cars, pharmaceuticals and machinery.
Amazon agrees to tackle fake reviews in UK: regulator
Amazon has agreed to clamp down on fake online reviews of products advertised on its UK site, Britain's competition regulator said Friday. The regulator said that around 90 percent of UK consumers use online reviews when deciding on a purchase.
India's central bank cuts rates more than expected to boost growth
India's central bank cut interest rates more than expected on Friday, citing muted inflation and a need to kickstart economic growth amid concerns about the impact of US tariffs. Easing price concerns have also allowed the RBI to concentrate on growth, with retail inflation dropping to a near six-year-low of 3.16 percent in April.
Vietnam exports up as US tariff threat lingers
Vietnam's exports rose sharply last month, official figures showed Friday, as the communist country tries to negotiate relief from swingeing tariffs threatened by US President Donald Trump. Despite the tariff uncertainty, the United States remained Vietnam's number one export market with $57 billion in the first five months of 2025 -- up from $44 billion over the same period a year ago.
AFP
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