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Ford CEO says Trump policy uncertainty creating chaos
The Trump administration's tariff threats and animosity towards electronic vehicles are producing a "lot of cost and a lot of chaos" for Ford, the automaker's chief executive said Tuesday. But "so far what we're seeing is a lot of cost and a lot of chaos," he said.
US Fed chair says in no rush to tweak interest rate policy
Federal Reserve Chair Jerome Powell said Tuesday that the US central bank was in no hurry to adjust its interest rate-cut policy, as the country's economy maintains resilient growth and a relatively strong labor market.
Altman says OpenAI 'not for sale' after Musk's $97 bn bid
Artificial intelligence developer OpenAI is "not for sale", chief executive Sam Altman said in Paris Tuesday in response to a reported $97.4 billion bid from competitor Elon Musk. The Wall Street Journal reported late Monday that Musk, a co-founder of OpenAI, had made his $97.4 billion offer to the board.
US farmers say Trump let them down with spending freeze
US farmers caught up in President Donald Trump's short-lived attempt to freeze all federal funding descended on Congress Tuesday to demand answers after grants to their politically influential sector were paused.
Galeries Lafayette owner Ginette Moulin dies aged 98
The majority owner of the emblematic Parisian department store Galeries Lafayette, Ginette Moulin, has died aged 98, the company told AFP Tuesday. She was "a committed benefactor and a patron of artists who believed in the power of culture and creativity," the Galeries Lafayette said about her Tuesday.
BP pledges strategic 'reset' as profit tumbles
Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy. Faced with lower oil and gas prices, Shell also reported a drop to its annual net profits for 2024 last month. ajb/bcp/lth
Gucci owner Kering's annual profit plunges
Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house.
EU leaders vow 'firm' response to US tariffs
EU chief Ursula von der Leyen vowed on Tuesday to retaliate firmly against US President Donald Trump's decision to impose tariffs on steel and aluminium imports. "I deeply regret the US decision to impose tariffs on European steel and aluminium exports," European Commission president von der Leyen said in a statement.
New Zealand rethinks opposition to deep-sea mining
New Zealand is considering withdrawing its support for an international ban on deep-sea mining, the country's resources minister told AFP on Tuesday. "We're talking about this with our foreign affairs minister," he told AFP in an interview.
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