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Spain starts probing causes of massive blackout
Spain on Tuesday began to investigate the causes of the crippling blackout that disrupted millions of lives across the Iberian Peninsula, with a court probing potential "sabotage" of critical infrastructure.
France targets cheap Chinese goods with fee on packages
France wants to start charging non-EU online sellers a handling fee for each low-value package shipped to domestic customers, government ministers said Tuesday as the country copes with an influx of cheap goods from China. Some 800 million such packages were shipped to France alone last year.
AstraZeneca moves some production to US amid tariff threat
British pharmaceutical giant AstraZeneca announced Tuesday that it has begun moving some of its European production to the United States, ahead of President Donald Trump's possible tariffs on the sector. Other pharmaceutical companies have also announced plans to increase investments in the United States.
Pfizer profits dip on lower Paxlovid sales
Pfizer reported a dip in profits Tuesday, driven partly by lower sales of Covid-19 therapeutic drug Paxlovid, as it maintained a 2025 forecast that does not include potential tariff effects. Sales of Paxlovid slid 75 percent amid lower Covid-19 infections and reduced government purchases of the medication.
Spotify posts record profit in first quarter
Music streaming giant Spotify on Tuesday reported a 12-percent rise in paying subscribers in the first quarter to 268 million, along with a record operating profit. The number of paying subscribers, which account for most of Spotify's revenue, grew to 268 million, slightly higher than its guidance of 265 millions.
GM profits top estimates, but automaker reviewing outlook due to tariffs
General Motors reported a dip in first-quarter profits but topped estimates Tuesday as the automaker said it was reexamining its 2025 outlook in light of uncertainty over US tariffs. Later Monday, the Wall Street Journal reported that Trump agreed to soften the impact of tariffs on automakers.
BP profit drops 70% amid pivot back to oil and gas
Britain's BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major overhaul back to its fossil fuel business. Under pressure from investors, BP is in the midst of a major reset that saw it shelve its once industry-leading carbon-reduction targets to focus on fossil fuel output deemed more profitable.
Adidas warns US tariffs to push up prices
German sportswear giant Adidas on Tuesday warned that US President Donald Trump's tariffs will increase prices for its products in the United States, and the hardline trade policies could dent its ongoing recovery.
Elitist no more, caviar is turning casual
When Burger King announced it was selling caviar with nuggets at its French restaurants on April 1, many people assumed it was an April Fool's joke. Last year, the US Open tennis tournament caused a stir by selling a $100 box of six nuggets with caviar created by the luxury Manhattan fried chicken restaurant Coqodaq.
AFP
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