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Trump, Xi hold long-awaited phone call on trade war
US President Donald Trump held a long-awaited phone call with Chinese President Xi Jinping Thursday as the leaders of the world's two biggest economies tried to avoid an all-out trade war. Until Thursday, the two leaders had not had any confirmed contact more than five months since the Republican returned to power, despite frequent claims by the US president that such a call was imminent.
Cannes red carpet gets second life as handbags, hats or slippers
After being walked for two weeks by stars from Tom Cruise to Rihanna, the legendary red carpets of the Cannes film festival are set for a second life thanks to an upcycling charity and some environmentally conscious designers.
TotalEnergies in landmark greenwashing trial in France
Environmental groups took TotalEnergies to court Thursday in a landmark Paris trial, accusing the French oil and gas giant of misleading consumers with ads that overstate its climate commitments and fossil fuel transition.
Dr Martens seeks more stability after new profit slide
British iconic bootmaker Dr Martens on Thursday announced another sharp drop in annual profits, as it looks to build on recent stability under its new chief executive. Recently-appointed chief executive Ije Nwokorie said in the earnings statement that Dr Martens had made annualised cost savings of £25 million.
Restaurants strike on popular Greek tourist island over beach clampdown
Restaurant owners on the Greek tourist island of Paros staged a 24-hour shutdown Thursday to protest against zoning regulations blocking them from using part of the island harbour's beachfront.
US trade deficit sharply narrows in April as Trump tariffs take hold
The US trade deficit more than halved in April, government data showed Thursday, pulling back from a record as imports on a plunge in imports as President Donald Trump's global tariffs kicked in. In March, the overall US trade deficit widened to a new record of $138.3 billion as businesses sought to get ahead of Trump's promised duties.
Clean energy investment rising despite economic uncertainty: IEA
Investment in clean energy technologies is set to strike a record this year despite global economic uncertainty, double the spending on fossil fuels that will dip for the first time since 2020, the International Energy Agency said Thursday. It expects investment in clean technologies, including nuclear and electricity distribution grids, to hit a record $2.2 trillion this year.
TotalEnergies on trial in landmark greenwashing case in France
French oil and gas giant TotalEnergies goes on trial in Paris on Thursday over allegations of misleading climate claims, an unprecedented "greenwashing" case against a fossil fuel firm in France. A greenwashing case against Australian oil and gas producer Santos, challenging its claim to be a "clean fuels" company, has been ongoing since 2021.
New eurozone rate cut expected as Trump trade war weighs
US President Donald Trump's tariff blitz, persistent growth worries and slowing inflation are expected to prompt eurozone rate-setters to lower borrowing costs again on Thursday. The ECB is expected to cut its inflation predictions when it releases its own new economic forecasts Thursday, with most observers now believing that Trump's tariffs will add to downward pressure.
AFP
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