AFP
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How might Trump's tariffs hurt Brazil?
With Donald Trump's punitive tariffs against Brazil poised to take effect within days, Latin America's largest economy is bracing for a virtual embargo on its planes, grains, and crude oil. Lula promised to apply "reciprocity" if Trump's tariff threat materializes, measures that could deepen the economic impact on both economies. ffb/arb/des
UK starts online checks to stop children accessing harmful content
New UK age verification measures to prevent children accessing harmful online content came into force on Friday, with campaigners hailing them a "milestone" in their years-long battle for stronger regulations. The long-awaited new rules, which aim to prevent minors from encountering content relating to suicide, self-harm, eating disorders as well as porn, stem from a 2023 Online Safety Act.
French car dealer charged over Takata air bag injury
A car dealer has been charged over failures that led to a driver being injured when a faulty Takata airbag sprayed him with metal fragments, a source said Friday, the first criminal charges in France in a massive recall scandal.
Meta to ban political ads in EU due to bloc's 'unworkable' rules
Meta on Friday said it will be forced to ban political advertising on its platforms in the European Union from October because of rules the Facebook and Instagram owner called "unworkable". Political, electoral and social issue advertising will no longer be allowed from October in the bloc, it said, because of "unworkable requirements" under the new rules.
New cryptocurrency may be aiding Russia to dodge sanctions
Russia could be turning to a new cryptocurrency called A7A5 to allow money to flow in and out of the country and avoid Western sanctions, experts have told AFP. Multiple rounds of international sanctions have been imposed on Moscow since its February 2022 invasion of Ukraine seeking to ramp up economic pressure to halt the war.
Cognac maker Remy Cointreau lifts guidance after China deal
French drinks group Remy Cointreau lifted Friday its outlook for the year after a deal between the EU and China on cognac imports, but now expects a stiffer impact from US levies and the strong euro.
Small businesses warn of Trump tariff impact on toy industry at Comic-Con
Small business owners used the festive backdrop of Comic-Con on Thursday to discuss a sobering topic: the negative impact that US President Donald Trump's proposed tariffs are having on the toy industry. Flynn said the impact was already visible at Comic-Con, where he had to limit himself to a small concession stand rather than a larger exhibit space.
Volkswagen takes 1.3-bn-euro hit from Trump tariffs
German auto giant Volkswagen said Friday that tariffs imposed by US President Donald Trump had cost it 1.3 billion euros in the first half of the year as it reported falling profit. Overall net profit fell 38.5 percent year-on-year during the period to hit 7.28 billion euros ($8.54 billion).
Asian markets turn lower as trade war rally fades
Asian stocks fell Friday as their latest rally ran out of legs, with sentiment weighed by strong US jobs data that saw investors row back their expectations for interest rate cuts.
AFP
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