AFP
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Panama president says moving toward reopening contested mine
Panamanian President Jose Raul Mulino said Thursday that his government was working toward the reopening of Central America's biggest copper mine, despite fierce opposition from environmentalists. The company said last month that it would suspend the action after starting talks with the government on reopening the mine.
Trump trade deals appear distant as tariff tensions simmer
US President Donald Trump's promises of securing trade deals with major partners took another blow Thursday, with a French minister saying an agreement with the EU was "a long way" off and China insisting talks had not even started. Separately, France's economy minister Eric Lombard said Thursday in Washington that the EU and United States are far from reaching a deal on tariffs.
Trump tariff talks are prolonging uncertainty: S.Africa central bank chair
The central bank governor of G20 chair South Africa warned Thursday that the ongoing trade talks sparked by US President Donald Trump's tariff plans could prolong uncertainty in the global financial markets. This, he added, meant that the uncertainty that has roiled global financial markets could be around for a "long" time to come.
Corona beer maker Modelo says to invest $3.6 bn in Mexico
Grupo Modelo, the producer of Corona and other Mexican beer brands, said Thursday that it would invest more than $3.6 billion in Mexico despite trade tensions with the United States. Last month, US retail giant Walmart said that it would invest more than $6 billion in Mexico this year, generating several thousand jobs.
American Airlines pulls 2025 forecast on economic uncertainty
American Airlines withdrew its full-year profit forecast Thursday, citing economic uncertainty that has clouded its outlook for hiring and capacity additions. While American plans to add between two and four percent flying capacity in the second quarter, the outlook is fuzzier for the second half of 2025.
European carmakers on China charm offensive as sales droop
Once blithely dominant in China, European automakers are now launching full-fledged charm offensives at consumers in the world's largest car market, seeking to claw back sales lost to domestic rivals. Volkswagen, the largest foreign automaker operating in the country, announced that by 2027 it would release more than 20 new cars for the local market.
Trump should be 'free' to criticize the Fed, senior official says
President Donald Trump should be free to voice his opinion about the US Federal Reserve, a senior bank official said Thursday, while defending the central bank's independence to tackle inflation.
'Made in America' lingerie squeezed by Trump's tariffs
After years spent working in sweatshops in California, Francisco Tzul got a job at a trendy lingerie brand that prides itself on ethical business practices and a "Made in America" approach. "My whole point was that I wanted to... create jobs in an ethical way, and now they're making it impossible for me to do that," Hughes said.
US Treasury chief raised 'important issues' in IMF criticism: Georgieva
US Treasury Secretary Scott Bessent's criticism of the International Monetary Fund raised "a number of important issues" to grapple with, the head of the Washington-based institution said Thursday.
AFP
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