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IMF chief hails 'constructive' Spring Meetings held under tariff uncertainty
The head of the International Monetary Fund said Friday that financial leaders meeting in Washington this week had shown a "remarkably constructive spirit," despite the uncertainty from Donald Trump's tariff plans.
German prosecutors seek jail terms in VW 'dieselgate' trial
German prosecutors asked for jail sentences Friday in the trial of four former Volkswagen managers accused of fraud in the "dieselgate" emissions-cheating scandal.
EU, US should de-escalate and negotiate trade deal: IMF Europe director
The United States and European Union need to "de-escalate" and "negotiate a deal" to help boost lackluster growth on the continent, the International Monetary Fund's Europe director said Friday. "An effort needs to be made to de-escalate and to negotiate a deal," he said, adding he hoped the negotiations would be successful.
Lego block: Dutch court rules mould maker can't use toy trademark
A Dutch court Friday ordered a local concrete block mould manufacturer to scrap the word "Lego" on its website, saying using one of the world's most famous trademarks gave it an "unfair advantage". On Friday, "the judge ruled that Betonblock is taking unfair advantage of the use of the word 'Lego'," The Hague District Court said.
Trump claims China's Xi called him on tariffs
US President Donald Trump has insisted Chinese leader Xi Jinping called him despite Beijing denials of any contact between the two countries over their bitter trade dispute. "He's called," Trump said.
TikTok exploits trade war to shift fake luxury goods
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. The accusation that luxury goods officially manufactured in Europe were in reality being secretly made in China "does not make any sense", concurred Michel Phan, professor of luxury marketing at emlyon business school in France.
Russia holds key rate at two-decade high despite slowdown fears
Russia's central bank kept borrowing costs at a two-decade high of 21 percent on Friday to combat rampant inflation, despite banks and businesses warning the economy was headed for a slowdown. In a statement announcing the rate decision, Russia's central bank acknowledged lending activity was "subdued" but that inflation, running above 10 percent, was still too high.
Bayer says legal woes could force it to pull weedkiller
German chemicals giant Bayer said Friday it could be forced to pull its Roundup weedkiller from the market if it is not able to limit simmering legal troubles. Bayer has asked investors to approve a capital increase through the issuance of new stock to cover potential legal costs related to Roundup.
China's top leaders pledge economic support as trade war rages
China's top leaders pledged on Friday to step up support for the economy and oppose "unilateral bullying" in global trade in a veiled rebuke of hefty tariffs imposed by US President Donald Trump. They also said they would seek to "work with the international community to actively uphold multilateralism and oppose unilateral bullying practices", it said.
AFP
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