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Author's articles
Musk details mass cuts to US federal spending and staff
Elon Musk outlined plans Wednesday for his new role as "efficiency" czar -- signaling an assault on federal spending and staffing that would be backed by President-elect Donald Trump's executive powers and a conservative Supreme Court.
Awaiting Trump, US auto execs further temper EV push
US auto giants signaled Wednesday they could further slow the ramp-up of electric vehicle production as Detroit awaits the arrival of a Trump administration eager to reverse key Biden climate initiatives.
Ryanair threatens to drop 10 French airports over tax hike
Low-cost airline Ryanair threatened Wednesday to stop serving 10 French regional airports if the government goes forward with a proposed tax hike. Ryanair said the tax increase would fall most heavily on passengers using regional airports, which are primarily served by low-cost airlines and the tax hike would have a larger impact.
US Fed official warns against cutting rates 'too quickly'
The US Federal Reserve should be careful not to cut rates "too quickly" and risk reigniting stubborn inflation, a senior bank official said Wednesday.
Johnson & Johnson risks UK lawsuit over talc cancer claim
UK claimants announced Wednesday legal action against US pharmaceutical and cosmetics giant Johnson & Johnson, alleging that women diagnosed with cancers were exposed to asbestos in the company's talcum powder.
Stock markets retreat ahead of Nvidia earnings
US and European stock markets retreated on Wednesday as investors eagerly awaited results from artificial-intelligence giant Nvidia. Many investors see the company as a bellwether for the tech sector and artificial-intelligence demand that have helped power Wall Street to multiple record-highs this year.
Ford to cut 4,000 jobs in Europe
US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry. Ford had already announced in February 2023 that it was planning to cut 3,800 jobs in Europe, including 2,300 in Germany and 1,300 in Britain.
As Trump returns, China seizes chance for climate mantle
With Donald Trump expected to take the United States again out of climate diplomacy, China, the world's largest emitter but green energy powerhouse, is seizing on the chance to project itself as the global leader. The Asian power has now surpassed Europe as the second-largest historical emitter after the United States.
French farmers lift border blockade after talks with PM
French farmers protesting pay and conditions and a prospective EU-Latin America trade deal on Wednesday lifted a blockade on the Spanish border after an expression of support from Prime Minister Michel Barnier. Resistance has been reinflamed by the prospect of an EU deal with the Mercosur bloc -- Argentina, Brazil, Paraguay and Uruguay -- that would create the world's largest free-trade zone.
AFP
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