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CBS News boss resigns amid tensions with Trump admin
The CEO of CBS News, one of America's best-known broadcast media outlets, quit Monday citing a "challenging" last few months as the network became embroiled in legal and business tensions with the Trump administration. "The past few months have been challenging," CEO Wendy McMahon wrote in a goodbye letter to staff.
S.Africa says talks with Trump aim to salvage trade
Securing South Africa's trade ties with the United States will be a key aim of President Cyril Ramaphosa, who Monday began a Washington visit that will feature a meeting with Donald Trump, Ramaphosa's office said.
Perrier scandal bubbles up as French parliament slams cover-up
The French government "at the highest level" covered up a scandal over the treatment of mineral water by food giant Nestle, including the iconic Perrier brand, an investigation by France's upper house of parliament said Monday.
Guinness maker Diageo cuts costs, eyes US tariff hit
Diageo, the maker of Guinness stout and Smirnoff vodka, said Monday it would cut costs to reduce debt, as the British group anticipates a hit from US tariffs of $150 million.
French state covered up Nestle water scandal: Senate report
The French government "at the highest level" covered up a scandal over the treatment of mineral water by food giant Nestle, including the iconic Perrier brand, a Senate investigation said Monday. - 'Highest level of the state' - In late 2020, new management at Nestle Waters claims to have discovered the use of prohibited treatments for mineral water at its Perrier, Hepar and Contrex sites.
Trump tariffs force EU to cut 2025 eurozone growth forecast
The EU on Monday sharply cut its eurozone economic growth forecast for 2025 because of global trade tensions sparked by US President Donald Trump's sweeping tariffs. Beyond trade tensions, the EU warned the greater frequency of climate-related disasters such as forest fires and floods risked hurting economic growth.
China's Xiaomi to invest nearly $7 bn in chips
Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm's founder said on Monday. In pursuit of Xiaomi's semiconductor ambitions, the firm has developed a plan involving "at least 10 years of investment and at least 50 billion yuan", he added.
UK-EU set to seal closer ties in first summit since Brexit
UK Prime Minister Keir Starmer was set to seal a deal for closer ties with the European Union at a landmark summit on Monday, opening a new chapter after Britain's acrimonious exit from the bloc five years ago. Starmer has pushed for closer UK ties with its European neighbours.
Ryanair annual profit drops 16% as fares fall
Irish no-frills carrier Ryanair on Monday said net profit fell 16 percent in its financial year as it cut ticket prices to boost passenger numbers. It warned that it expected just a three percent growth in passenger numbers for the 2026 financial year due to delayed Boeing deliveries.
AFP
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