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EU plans two-euro flat fee on small parcels from outside bloc
The EU said Tuesday that it was preparing to impose a two-euro ($2.25) flat fee on the billions of low-value packages that flood into the bloc each year, the great majority from China. Last year, 4.6 billion such small packages entered the EU -- more than 145 per second -- with 91 percent originating in China.
Musk says will spend 'a lot less' on political campaigns
Billionaire Elon Musk on Tuesday said he was pulling away from spending his fortune on politics, asserting that his Tesla electric car company was doing well despite blowback due to his support of US President Donald Trump. Tesla, which is the major source of Musk's wealth, has suffered significant brand damage due to his political work, particularly with Trump.
Adidas, Puma family feud to be turned into TV series
The bitter brotherly feud that sparked the creation of sports-shoe brands Adidas and Puma in the same small German town in the 1940s is to be turned into a television series with the help of family archives, its producers announced Sunday. Hollywood-based film producer No Fat Ego is backing the project, which has the blessing of the family behind the Adidas empire founded by Adolf "Adi" Dassler.
Indonesian gig drivers protest demanding lower app fees
Thousands of drivers from ride-hailing and food delivery apps protested in Indonesia on Tuesday, demanding a 10-percent cap on commission fees. Thousands more in Indonesia's second-largest city of Surabaya drove to the offices of ride-hailing apps GoJek and Grab, before rallying in front of the governor's office, an AFP journalist saw.
G7 finance leaders gather with Ukraine, tariff concerns at fore
Top finance leaders from the G7 nations gather in Canada starting Tuesday, with concerns including war in Ukraine at the fore while the advanced economies grapple with fallout from US President Donald Trump's sweeping tariffs.
Asian markets rebound to track Wall St up as China cuts rates
Asian markets rose Tuesday as investor sentiment returned following the previous day's US rating-fuelled losses, with sentiment also boosted after China cut interest rates to historic lows. Both rates were last cut in October to what were then record lows.
India steel plans threaten global emissions goals: report
India's plans to massively expand coal-based steel and iron production threaten global efforts to reduce the sector's carbon emissions, a key contributor to climate change, a report said Tuesday. Meanwhile India, which targets carbon neutrality only by 2070, plans to massively expand domestic capacity.
Rio Tinto invests in major Chilean lithium project
Chile's state-owned copper giant Codelco announced a partnership on Monday with British-Australian miner Rio Tinto to extract lithium from a salt flat that contains the world's second-biggest deposits of the prized metal.
CBS News boss resigns amid tensions with Trump admin
The CEO of CBS News, one of America's best-known broadcast media outlets, quit Monday citing a "challenging" last few months as the network became embroiled in legal and business tensions with the Trump administration. "The past few months have been challenging," CEO Wendy McMahon wrote in a goodbye letter to staff.
AFP
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