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Trump's trade envoy Jamieson Greer confirmed by lawmakers
US lawmakers voted Wednesday to confirm lawyer Jamieson Greer as Donald Trump's trade envoy, rounding out the president's top economic team with a key figure in tariff policy as the president threatens levies on friend and foe alike. Greer, a partner at law firm King & Spalding, served as chief of staff to Trump's top trade negotiator Robert Lighthizer during the president's first term.
Eyeing Trump trade policy shakeup, Eli Lilly to build 4 US factories
US pharmaceutical giant Eli Lilly announced Wednesday that it will build four additional new manufacturing sites in the United States in a committment designed to influence upcoming Trump administration decisions on trade and other issues.
Amazon's next-gen Alexa gets AI upgrade
Online retail behemoth Amazon on Wednesday announced a new version of its Alexa voice assistant that is powered by generative artificial intelligence, giving the device more human-like qualities. Panos Panay, senior vice president of devices and services at Amazon, said that Alexa Plus opens a new age for voice devices.
Britons advised to cut meat, air travel to reach net zero targets
Britons will have to pay more to fly and should forego two-steaks worth of meat a week if the country is to meet net zero targets, the government's advisory body said Wednesday. The average reduction required to hit the targets would equate to consumers eating two fewer meat mains per week, said the report.
Billionaire Bezos announces restrictions on Washington Post opinion coverage
The Washington Post will no longer run views opposed to "personal liberties and free markets" on its opinion pages, its owner Jeff Bezos announced on Wednesday, the latest intervention by the billionaire in the major US paper's editorial operations.
US new home sales miss expectations in January on cold weather
Sales of new US homes slumped more than expected in January, government data showed Wednesday, with cold weather and stubborn cost-of-living pressures weighing on buyers as Donald Trump returned to office. "Sales likely were also weighed down by the weather; last month was the coldest January since 1988," Pantheon added. bys/dw
BP to up oil and gas output, slash clean energy spend in overhaul
BP plans to increase production of its more profitable oil and gas business and slash investment in cleaner energy, the British energy giant announced Wednesday to the dismay of environmentalists. BP will increase oil and gas investment to around $10 billion per year, making up two-thirds of capital expenditure.
Los Angeles wildfires costliest in history: Munich Re
German reinsurance giant Munich Re said Wednesday that last month's huge wildfires in Los Angeles had been the costliest "in the history of the insurance industry". Nonetheless, the figure would represent "the most substantial wildfire losses in the history of the insurance industry", Munich Re said.
AB InBev posts record sales in 2024 despite beer volumes slipping
AB InBev, the world's leading brewer whose portfolio includes Budweiser, Corona and Stella Artois, said revenue hit a record level in 2024 although beer volumes slid. That came despite sales sliding 1.4 percent by volume, with beer volumes down by 1.9 percent.
AFP
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