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US sees no need for global deal to tax super-rich: Yellen
The United States sees no need to negotiate an international agreement on taxing the super-wealthy, Treasury Secretary Janet Yellen said Thursday on the sideline of a G20 finance ministers' meeting. On Friday, the ministers will tackle the financing of the climate transition and debt in their last meeting before a G20 summit on November 18 and 19. alb/tmo/fb/des
Deutsche Bahn suffers 16-fold jump in losses in first half
Germany's state-owned train operator Deutsche Bahn said Thursday that its year-on-year net losses soared 16-fold in the first half of 2024, reflecting the impacts of extreme weather, strikes and upgrades to its ageing network.
Palestinian Olympic threat video fake of possible Russian origin: sources, experts
A video that has been widely shared on social media showing a purported Palestinian militant threatening attacks on France during the Olympic Games in Paris is a fake and could be of Russian origin, security sources and experts said on Thursday.
US economy beats growth expectations in second quarter
US economic growth blew past expectations in the second quarter, boosted by consumer spending and inventory building despite high interest rates, government data showed Thursday, after a slow start to the year. The acceleration "primarily reflected an upturn in private inventory investment and an acceleration in consumer spending," said the Commerce Department.
In Rio, G20 finance ministers to mull taxing the super-rich
Faced with growing global inequality, G20 finance ministers meeting Thursday in Rio de Janeiro will tackle the thorny issue of taxes for the super-rich, a topic that has divided member states. The organization was originally focused on global economic issues but has increasingly taken on other pressing challenges -- even though member states do not always agree on what should be on the agenda.
Sweden seeks to be winemaking's next frontier
Far north of iconic wine regions like Bordeaux and Tuscany, Sweden is seeing a burgeoning industry of vineyards and a first generation of winemakers trying to carve out a niche. Sofrakis runs a small vineyard in the far south of Sweden but is a champion of Swedish winemaking.
Climate activists halt traffic at Frankfurt airport
Police on Thursday arrested climate activists who glued themselves to the tarmac at Frankfurt airport, Germany's busiest, compelling it to temporarily suspend arrivals and departures. Seven of the activists had managed to reach the runway where they glued themselves onto the tarmac, a police spokesman said.
Refining and gas give TotalEnergies Q2 blues
French oil heavyweight TotalEnergies on Thursday reported slumping profits in the second quarter, blaming lower margins in refining and falling sales and prices for natural gas. There was a still steeper tumble of more than a third for its refining and chemicals operation, with TotalEnergies blaming "lower refining margins mainly in Europe... and the Middle East".
Nissan shares plunge after profit warning
Nissan tumbled more than 10 percent on Thursday after the Japanese automaker issued a profit warning, citing "intense sales competition", especially in the United States. Although global sales remained even, "profit was impacted by increased sales incentives and marketing expenses to meet intense sales competition and optimise inventory," particularly in the United States, Nissan said.
AFP
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