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Italian defence firm Leonardo to focus on int'l alliances for growth
Italian defence group Leonardo will use international alliances to help accelerate growth and face competition amid rising geopolitical tensions, its chief executive said Tuesday. Its results come against the backdrop of rising geopolitical tensions that have prompted European nations to step up military spending.
Ghana scraps IMF-linked 'nuisance' taxes
Ghana's new government on Tuesday announced it was scrapping several Covid-era taxes introduced in an effort to secure IMF financing, citing the economic hardship placed on ordinary citizens. They were introduced as part of efforts by the previous government to reach a $3-billion International Monetary Fund bailout, which was eventually secured in 2023.
Trump doubles down on Canada trade war
US President Donald Trump announced massive new tariffs on Canadian steel and aluminum Tuesday, while threatening to "shut down" its auto industry and saying the best way to end the trade war was for Washington's ally to be absorbed into the United States.
French right-wing media's Russia tilt irks Elysee
French Sunday newspaper readers woke up this past weekend to starkly different visions of their country's relationship with Russia. But after Ferrari accused French officials of "wanting to go to war against Russia", a prominent Elysee advisor, asking not to be named, denounced the channel as "radio KGB".
Chanel plays with proportions as Paris Fashion Week wraps up
Chanel presented its Fall-Winter collection on the last day of Paris Women's Fashion Week on Tuesday, playing with proportions and layering in a show designed without incoming artistic director Matthieu Blazy. Paris Fashion Week will wrap up with Anthony Vaccarello's Saint Laurent show later Tuesday, following a presentation by Miu Miu.
Volkswagen profits hit as high costs, China woes weigh
German auto giant Volkswagen said Tuesday its annual profits nosedived during a torrid year that saw Europe's top carmaker increasingly struggle with high production costs and fierce Chinese competition.
Struggling Japanese automaker Nissan replaces CEO
Struggling Japanese automaker Nissan announced on Tuesday that chief executive Makoto Uchida would step down, a move that follows the failure of merger talks with rival Honda.
Nigeria moves gingerly to tame Africa's biggest crypto market
Nigerian authorities are warily moving to regulate Africa's largest cryptocurrency market in long-delayed efforts to create legal certainty in a field still fraught with fraud and volatility.
Ships still on fire after North Sea crash
Fires were still raging on Tuesday after a cargo ship laden with toxic materials slammed into a tanker carrying flammable jet fuel in the North Sea, as questions mounted about how the accident happened. The Stena Immaculate was carrying around 220,000 barrels of jet fuel.
AFP
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