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Trump to decide on oil tariffs on Canada, Mexico
US President Donald Trump said he expected to decide Thursday whether to include crude oil imports in tariffs on Canada and Mexico that are due to take effect within days. Canada and Mexico supplied more than 71 percent of US crude oil imports in 2023, with nearly 60 percent coming from Canada alone, a congressional report said.
French luxury billionaire sparks tax debate with threat to leave
Bernard Arnault, the billionaire boss of the world's biggest luxury conglomerate LVMH, has picked a fight with the French government by suggesting that companies could flee France for the United States to escape a planned tax hike. In stinging remarks, Arnault dismissed Bayrou's plan as "a tax made in France" and offered an unfavourable comparison between France and the United States.
Trump blames deadly Washington air collision on 'diversity'
US President Donald Trump -- speaking as the bodies of 67 people were being pulled from Washington's Potomac River -- launched a political attack Thursday blaming diversity hires for the midair collision between an airliner and a military helicopter. Asked again by reporters whether he was blaming workplace diversity for the crash, Trump answered: "It could have been."
Apple profit climbs but sales miss expectations
Apple reported its revenue was a whopping $124.3 billion in the year-end holiday quarter but sales growth fell shy of market expectations as the iPhone faces stiff competition, particularly in China. Revenue growth was powered by Apple's service and digital content unit, with iPhone sales slipping in markets like mainland China where they tallied $18.5 billion. gc/arp
Lula says if Trump hikes tariffs, Brazil will reciprocate
Brazilian President Luiz Inacio Lula da Silva said Thursday that if US counterpart Donald Trump hiked tariffs on Brazilian products, he would reciprocate -- but that he would prefer improved relations over a trade war.
Mexican economy shrinks for first time in three years
Mexico's economy suffered its first contraction in three years in the fourth quarter of 2024, official figures showed Thursday, as the country braces for US President Donald Trump's threatened tariffs. For the whole of 2024, Latin America's second-largest economy grew by 1.3 percent compared with the previous year, it said.
Nostalgia and escapism: highlights from Paris Couture Week
Nostalgia-tinged evening wear, fantasy-fuelled escapism and messages about world peace featured during a packed Paris Couture Week that also saw new changes on fashion's artistic director merry-go-round. "The message of this collection is about escaping from our hectic world.
US economic growth steady in 2024 as Trump takes office
The US economy expanded at a solid clip in 2024, helped by consumer and government spending, official data showed Thursday, signaling its resilience as President Donald Trump takes over the reins. Consumer spending, investment and government spending were among the drivers behind last year's growth, according to Commerce Department data.
El Salvador merchants no longer obliged to accept bitcoin
Merchants in El Salvador, the first country to make bitcoin legal tender, will no longer be obliged to accept the cryptocurrency as payment, under a reform adopted to comply with conditions for an international loan. The IMF had said the loan was "to address balance of payment needs and support the government’s economic reforms."
AFP
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