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Republicans eye key votes on Trump tax cuts mega-bill
Republicans geared up Tuesday for a series of crucial votes on Donald Trump's domestic policy mega-bill, with rows over spending threatening to unravel the US president's plans for sweeping tax cuts. On the tax front, House Republicans released a nearly 390-page bill Monday detailing where they want to raise revenues to cover Trump's promised extension of the expiring 2017 tax cuts.
US reverses Biden-era export controls on advanced AI chips
The United States rescinded further export controls Tuesday on advanced computing semiconductors, answering calls by countries that said they were being shut out from crucial technology needed to develop artificial intelligence. Some US lawmakers feared the cap would have incentivized countries to go to China for AI chips, spurring the superpower's development of state-of-the-art technology.
Dutch climate group launches new case against Shell
Dutch environmental group Milieudefensie said Tuesday it was launching a new legal case against Shell, aiming to stop the fossil fuel giant investing in new oil and gas fields. In a letter to Shell, Milieudefensie accused the company of being "in breach of its legal duty of care under Dutch law due to its continued investment in new oil and gas fields."
US consumer inflation cooled in April to lowest level since 2021
US consumer inflation cooled slightly in April, figures showed Tuesday, coming in better than expected against a background of President Donald Trump's sweeping tariffs. The monthly figure was slightly below expectations, while the annual figure was in line with forecasts.
Europe's biggest 'green' methanol plant opens in Denmark
Europe's largest "green" methanol plant opened in Denmark on Tuesday, boosting the continent's emissions reduction efforts -- with customers ranging from shipping giant Maersk to toymaker Lego and pharmaceutical firm Novo Nordisk. The e-methanol will serve as fuel for Maersk ships, raw material for Lego's colourful plastic bricks and a component for Novo Nordisk's insulin injection pens.
Customer data stolen in Marks & Spencer cyberattack
British retailer Marks & Spencer said on Tuesday that some personal data of its customers was stolen in a cyberattack that has crippled its online services for weeks. "We are writing to customers informing them that due to the sophisticated nature of the incident, some of their personal customer data has been taken," the company said in a statement on Tuesday.
German investors cheered by tariff talks, new government
German investor sentiment has jumped, buoyed by rollbacks of US tariffs, and the formation of a new national government, a closely-watched survey showed Tuesday. Almost all German sectors experienced a rise in confidence, the survey showed, but optimism grew fastest in export-intensive industries such as steel and chemicals.
Nissan posts $4.5 billion annual net loss, says to cut 20,000 jobs
Japan's Nissan posted a huge annual net loss of $4.5 billion on Tuesday while confirming reports that it plans to cut 15 percent of its global workforce and warning about the possible impact of US tariffs. The company's shares closed three percent higher on Tuesday after reports, later confirmed by Nissan, said it was planning a total of 20,000 job cuts worldwide.
Honda forecasts 70% net profit drop citing 'tariff impact'
Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry. Honda, Japan's second-biggest automaker after Toyota, logged net profit of 835 billion yen in the past financial year, a drop of almost 25 percent on-year and well short of its February forecast of 950 billion yen.
AFP
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