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Hein Schumacher to step down as Unilever CEO
British consumer goods giant Unilever on Tuesday said chief executive Hein Schumacher will step down on March 1 after less than two years in the post. Fernandez will become CEO after a little over a year as chief financial officer. ajb/tw
Tesla rolls out advanced self-driving functions in China
US electric vehicle giant Tesla has started offering advanced self-driving functions for its cars in China, including autopilot on city streets, the company announced on Tuesday.
Milan Fashion week opens as luxury sector struggles
Flair and fanfare promise to light up the Milan Fashion Week catwalks starting Tuesday, but upcoming shows will struggle to distract from a worrying slump in the luxury sector. Gucci -- once the pride of fashion week but now the worst performer in Kering's portfolio -- kicks off the week-long party this week in Milan.
Asian markets sink as Trump tariffs, China curbs stunt rally
Asian markets sank Tuesday as fears of US President Donald Trump's trade war returning to the fore and he called for fresh curbs on Chinese investments in strategic sectors including technology.
S. Korea's central bank cuts rate, growth outlook over tariff fears
South Korea's central bank on Tuesday slashed interest rates and its annual growth forecast as it looks to bolster the economy in the face of US tariffs and the fallout from President Yoon Suk Yeol's brief declaration of martial law last year. Seoul's central bank on Tuesday also said employment had continued to slow.
Trump's chip tariff threats raise stakes for Taiwan
US President Donald Trump's threat of tariffs on semiconductor chips has complicated Taiwan's bid to remain a global powerhouse in the critical sector and stay onside with key backer Washington, analysts said. "I think that Trump's tariff threats make this strategy much more complicated.
Fires, strikes, pandemic and AI: Hollywood workers can't catch a break
Dutch Merrick isn't really in a party mood for this year's Oscars. The personal tragedy couldn't have come at a worse time for Merrick.
Bolivia inaugurates steel plant built with Chinese loan
Short on foreign currency, Bolivia inaugurated a steel plant Monday that it hopes will reduce its reliance on metal imports, thanks to a loan from China.
Spain's Telefonica sells Argentina subsidiary for $1.2 bn
Spanish telecommunications giant Telefonica agreed to sell its Argentine subsidiary to Telecom Argentina for $1.2 billion on Monday, prompting libertarian President Javier Milei's government to announce an investigation over competition concerns.
AFP
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