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Trump says court halt of tariffs would cause 'Great Depression'
US President Donald Trump warned Friday of cataclysmic consequences on the US economy if a court rules that his imposition of sweeping tariffs constitutes an illegal power grab. A lower court ruled against Trump in May, but the US Court of Appeals for the Federal Circuit put the ruling on hold as it considers the case.
Thyssenkrupp to spin off marine division amid defence boom
German industrial titan Thyssenkrupp's shareholders on Friday backed a spin-off of its warship and submarine-building unit, seeking to better position the group to benefit from a European defence boom. Shareholders overwhelmingly backed the spin-off of a 49-percent minority stake of the marine division at a specially convened meeting.
'Optimistic': Champagne growers hope for US tariff shift
Champagne growers say President Donald Trump's tariffs on European goods will hurt sales to the United States, their biggest export market, but hope that the sector may yet escape the new duties.
Germany suspends arms exports to Israel for use in Gaza
Germany will halt the export of military equipment to Israel which could be used in the Gaza Strip, Chancellor Friedrich Merz said Friday, reacting to Israel's plan to take control of Gaza City. "Under these circumstances, the German government will not authorise any exports of military equipment that could be used in the Gaza Strip until further notice," he said in a statement.
Oil industry presence surges at UN plastic talks: NGOs
Environmental NGOs are raising concerns about the growing presence of petrochemical industry lobbyists at talks to forge a global treaty to combat plastic pollution. - 'Here to listen' - The International Council of Chemical Associations (ICCA) confirmed they had 136 delegates at the talks representing the plastic, petrochemical and chemical manufacturing industries.
Brazil's Petrobras posts $4.7 bn second-quarter profit
Brazil's state-owned oil company Petrobras posted a hefty net profit of $4.7 billion in the second quarter, recovering sharply from net losses in the same period last year, the company said Thursday. Petrobras reported a net profit of $6 billion in the first quarter, a 48.5 percent increase year on year.
Crypto group reportedly says it planned sex toy tosses at WNBA games
A cryptocurrency group has said it organized a spate of "stunts" in which sex toys were tossed on courts at WNBA games, US media reported on Thursday. USA Today reported that the meme coin group spokesman said that Delbert Carter, who was arrested for allegedly throwing a green sex toy on the court at the end of Atlanta's home game against Phoenix, was not part of the cryptocurrency group.
Tokyo soars on trade deal relief as Asian markets limp into weekend
Japanese stocks rallied Friday on a mixed day for Asian markets, fuelled by relief that Tokyo and Washington had settled a tariff issue that raised concerns about their trade deal. Investors are now keeping tabs on talks between Washington and several other trading partners following the imposition Thursday of Trump's tariffs, with India and Switzerland scrabbling for a deal.
Israeli airline's Paris offices daubed with red paint, slogans
Red paint and slogans were daubed at the entry to the offices of national Israeli airline El Al in Paris, with Israel Thursday urging French authorities to take action over the "barbaric act".
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