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White House says Trump to announce auto tariffs Wednesday
US President Donald Trump will announce tariffs on auto imports to the country Wednesday, the White House said in a move set to fuel tensions with trading partners ahead of further promised levies next week. On Wednesday, White House Press Secretary Karoline Leavitt told a briefing that Trump will hold a press conference at 4:00 pm (2000 GMT) "to announce tariffs on the auto industry."
Canada PM Carney details fund to protect auto industry against Trump
Prime Minister Mark Carney on Wednesday announced support for "all-in-Canada" auto manufacturing, escalating trade protection in response to US President Donald Trump's threat to "shut down" the northern country's auto industry. But Trump's trade war, his repeated threats to make Canada the 51st US state, and Trudeau's departure have upended Canadian politics.
Sweden to boost defence spending $30 bn over a decade
Sweden will increase defence spending by about 300 billion kronor ($30 billion) over the next decade, the prime minister said Wednesday, calling it the nation's biggest rearmament push since the Cold War.
Apple says Indonesia iPhone sales ban ends in April
Teach giant Apple announced on Wednesday the iPhone 16 will be available in Indonesia from next month, indicating the sales ban in Southeast Asia's biggest economy had been lifted. Despite the ban on iPhone sales in Indonesia, the government had allowed the devices to be brought in if they were not being traded commercially.
US may miss out on green tech boom: Germany
Europe must seize on the "huge economic opportunities" offered by the green technology boom, Germany said Wednesday -- adding it was up to the United States if it decided to miss out. "Climate protection opens up huge economic opportunities, and we as Europeans want to seize them", she added.
China drinks chain Mixue profits spike 40% in 2024
Chinese drinks company Mixue Group, which has surpassed McDonald's and Starbucks in store count to become the world's largest food and beverage chain, reported a spike in profits on Wednesday as it laid out further expansion plans.
China chip insiders eye stronger global ties despite trade tensions
Industry insiders at a semiconductor trade fair in Shanghai urged more cooperation between the Chinese chip sector and the rest of the world, despite growing trade tensions with Washington. Xiao, whose company sells chip-making equipment, said he still believed that "in the future we may need cooperation across the global industrial chain".
Over a billion pounds of Coke plastic waste to enter waterways: study
By 2030, Coca-Cola products will account for an estimated 1.33 billion pounds (602,000 metric tons) of plastic waste entering the world's oceans and waterways each year, according to a stark new analysis published Wednesday by the nonprofit Oceana. The result: the company's plastic use is projected to exceed 4.13 million metric tons (9.12 billion pounds) annually by 2030.
UK set to cut public spending by billions of pounds
Britain's finance minister Rachel Reeves is set to detail billions of pounds of spending cuts in her Spring Statement on Wednesday to address the country's ailing public finances. An advocate of iron discipline over public finances, Reeves is set to detail cuts to welfare payments and government departmental budgets in Wednesday's highly-anticipated update.
AFP
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