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Germany faces two more years of recession if US trade war escalates: central bank
Germany could face two more years of recession if a trade war with the United States escalates sharply, the central bank said Friday, a bleak warning for Europe's struggling top economy. Trump's tariff blitz stands to hit export power Germany hard, as the United States was Germany's top trading partner in 2024, receiving huge quantities of its cars, pharmaceuticals and machinery.
Amazon agrees to tackle fake reviews in UK: regulator
Amazon has agreed to clamp down on fake online reviews of products advertised on its UK site, Britain's competition regulator said Friday. The regulator said that around 90 percent of UK consumers use online reviews when deciding on a purchase.
India's central bank cuts rates more than expected to boost growth
India's central bank cut interest rates more than expected on Friday, citing muted inflation and a need to kickstart economic growth amid concerns about the impact of US tariffs. Easing price concerns have also allowed the RBI to concentrate on growth, with retail inflation dropping to a near six-year-low of 3.16 percent in April.
Vietnam exports up as US tariff threat lingers
Vietnam's exports rose sharply last month, official figures showed Friday, as the communist country tries to negotiate relief from swingeing tariffs threatened by US President Donald Trump. Despite the tariff uncertainty, the United States remained Vietnam's number one export market with $57 billion in the first five months of 2025 -- up from $44 billion over the same period a year ago.
'No doubt' Canadian firm will be first to extract deep sea minerals: CEO
The head of submarine mining pioneer The Metals Company told AFP he had "no doubt" the Canadian firm would be the first to to extract coveted minerals from the deep seas, with help from Donald Trump. Q: How important is it to be the first to extract minerals from the deep sea?
Asian markets wobble as Trump-Xi talks offset by Musk row
Asian markets stuttered Friday as optimism from "very positive" talks between presidents Donald Trump and Xi Jinping was wiped out by the stunning public row between the US leader and Elon Musk. Asian equities fluctuated in early business, with some observers suggesting traders were positioning for what could be a volatile start to next week in light of the row and upcoming US jobs data.
Norway adopts tourist tax to combat overtourism
Norwegian lawmakers approved Thursday the introduction of a tourist tax to help finance infrastructure improvements as a boom in visitors has led to worries about overtourism. The funds raised by the tax will go exclusively to improve tourism infrastructure. phy/rl/jhb
Executive bonuses banned at six UK water companies over pollution
Six UK water companies were banned Friday from paying bonuses to senior executives, which the government said would be inappropriate given their failure to clean up their massive sewage discharges.
Before the 'big beautiful breakup': Musk and Trump's bromance
It may have been one of the most predictable break-ups in history. After the spectacular break up it was still sitting in the White House parking lot on Thursday. dk/nl
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