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Former African leaders launch debt relief drive for poor nations
The high debt saddling the world's poorest countries needs an urgent reset to avoid multiple crises, African leaders said Thursday as they launched an initiative for debt relief and fairer borrowing terms.
EU will 'do the same' if US imposes tariffs hikes: French finance minister to AFP
French Finance Minister Eric Lombard told AFP on Thursday that the European Union would "do the same" if the United States follows through with 25 percent tariffs announced by President Donald Trump. Trump threatened Wednesday to impose 25 percent tariffs on goods imported from the European Union.
For Tour de France foreign starts are a money-spinner
As the Tour de France this week unveiled its fourth foreign start in five years in Barcelona, organisers could point to the financial logic while fending off political criticism from those who believe the world's greatest cycling race should exclusively showcase its home country. For Amaury Sport Organisation (ASO), the company that owns the Tour, the financial logic is clear.
'No need to overthink': China Tesla fans unfazed by Musk politics
Tesla founder Elon Musk's role in the Trump administration has risked isolating the firm's traditionally liberal customers in its home market but consumers in US trade rival China seemed largely indifferent on Thursday. Despite intense competition from domestic brands, chief among them BYD, Tesla remains one of the best-selling EV brands in the world's largest auto market.
Audi Brussels shuts down as Europe's auto woes deepen
An Audi factory in Brussels billed as the "cradle" of the German carmaker's electric drive is shutting down production for good on Friday, the latest sign of the woes afflicting Europe's auto industry. Audi, a subsidiary of German auto giant Volkswagen, gave several factors for closing the Brussels plant, the largest private employer in the Belgian capital.
EU's top team in India to bolster relations
The EU's top team arrived in India on an "unprecedented" visit Thursday, aiming to broaden commercial and diplomatic ties and hedge against souring relations with the United States. The visit "will send the message that Europe is shoring up other partners, including India, as much as they focus on the task of resetting EU-India ties", The Hindu newspaper reported.
Climate crisis revives Soviet hydro plan in Central Asia
Central Asian countries are setting rivalries aside to build a giant hydroelectric plant originally planned in Soviet times, a bid to strengthen energy and food security and mitigate the effects of climate change. The Eurasian Development Bank said that "building new hydroelectric power stations while renovating existing ones will mitigate the impact of climate change".
North Korea behind $1.5 billion crypto theft, FBI says
The US Federal Bureau of Investigation on Wednesday accused North Korea of being behind the theft of $1.5 billion worth of digital assets last week, the largest crypto heist in history. "(North Korea) was responsible for the theft of approximately $1.5 billion USD in virtual assets from cryptocurrency exchange, Bybit," the FBI said in a public service announcement.
Asian markets mixed after latest Trump tariff threat
Asian markets fluctuated Thursday as investors tried to assess US President Donald Trump's latest tariffs salvo, while earnings from chip titan Nvidia failed to impress, despite another record performance.
AFP
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