AFP
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UK annual inflation jumps more than expected
Britain's annual inflation rate rose more than expected last month, official data showed Wednesday, adding pressure to the Labour government which is also facing sluggish economic growth. The reading is a blow to Prime Minister Keir Starmer's centre-left government as it tries to tackle the dual pressures of rising prices and slow economic growth.
Niger turns to satellites to bridge digital divide
Less than a third of Niger's vast territory has internet access, so the west African country is betting on satellite broadband to bridge the digital divide in remote rural areas. Much of the enthusiasm for satellite broadband comes from remote areas, said vendor Ali Sat.
Philips losses worse than expected in 2024
Philips on Wednesday posted worse-than-expected losses in 2024, as the Dutch medical device maker bids to turn the page on a damaging recall of faulty sleep machines. For the fourth quarter, Philips posted a net loss of 333 million euros on sales of 5.0 billion euros.
EU eyes stricter food import rules in agriculture policy review
The EU plans to crackdown on food imports that do not meet its standards as part of an agricultural policy review to be published Wednesday that looks to appease disgruntled farmers amid global trade tensions.
HSBC targets $1.5 bn in annual cost savings after revamp
Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup will yield $1.5 billion in annual cost savings by the end of 2026.
Vietnam parliament approves $8 billion rail link to China
Vietnam's parliament on Wednesday approved plans for an $8 billion rail link from its largest northern port city to the border with China, boosting links between the two communist-ruled countries and making trade easier.
Asian markets swing as traders assess latest tariffs volley
Asian markets were mixed Wednesday after President Donald Trump broadened his tariff threats, while traders were also assessing the geopolitical outlook after the first high-level official US-Russia talks since the invasion of Ukraine. Traders are keeping tabs on talks between Washington and Moscow after their top diplomats met in Saudi Arabia.
US tariffs threat a 'shock' to Canadian businesses
Donald Trump's threats of import tariffs have sent shockwaves through Canada, forcing businesses to question their dependence on the United States -- a reassessment that is creating headaches for many sectors. Internal Trade Minister Anita Anand, who wants to see these barriers abolished as soon as possible, believes that "in the face of Donald Trump's repeated threats, we must choose Canada."
US lawmakers confirm Howard Lutnick as commerce secretary
The US Senate voted Tuesday to confirm Wall Street billionaire Howard Lutnick as commerce secretary, a key step towards the rollout of President Donald Trump's "America First" trade policy, which uses tariffs as a broad negotiation tool. The commerce secretary has a broad agenda to implement, and negotiations with some of the United States' biggest trading partners to contend with.
AFP
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