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No signs of US recession, Treasury Secretary says
There are currently no signs that the United States has entered a recession despite the world's largest economy recording a contraction in the first quarter, the US Treasury Secretary said Tuesday. Bessent's remarks contrast with those of Trump, who was asked in a recent interview if the United States could enter a recession.
UK, India strike trade deal amid US tariff blitz
The UK on Tuesday agreed a free trade agreement with India, its biggest such deal since leaving the European Union, after negotiations relaunched in February following US tariff threats. His Labour government added it is "the biggest and most economically significant bilateral trade deal the UK has done since leaving the EU".
EDF complaint blocks Czech-Korean nuclear deal
A Czech court said Tuesday it blocked a multi-billion-dollar deal between Prague and South Korea's KHNP on the construction of two nuclear units following a complaint by France's EDF. KHNP won the contract last July after beating EDF in the tender, but the French giant filed an appeal with the Czech antitrust watchdog UOHS. When the UOHS rejected the appeal last week, EDF filed a lawsuit.
US trade deficit hit fresh record before new Trump tariffs
The US trade deficit reached a new record in March, according to fresh government data published Tuesday, as imports surged ahead of President Donald Trump's "liberation day" tariff rollout. The trade gap was the result of a 4.4 percent rise in imports to $419.0 billion, as people rushed to buy goods ahead of the introduction of the widely trailed tariffs.
US Fed starts rate meeting under cloud of tariff uncertainty
The US Federal Reserve began a two-day discussion over interest rates Tuesday, with policymakers widely expected to pause again and wait for clarity on the economic impact of Donald Trump's tariff rollout. This is a challenging situation for the Fed's rate-setting committee, which began its two-day meeting in Washington at 8:30 am local time (1230 GMT).
Tesla sales fall again in Germany as drivers steer clear of Musk
Tesla sales nosedived again in Germany last month even as electric vehicle sales rose strongly, data showed Tuesday, as German drivers voted with their wallets against billionaire owner Elon Musk. Some German Tesla drivers have put "I bought this before Elon went crazy" stickers on their vehicles and the backlash has also taken more forceful forms.
EU to lay out plan to cut last Russian gas supplies
The EU on Tuesday is due to unveil a keenly anticipated plan to phase out its remaining gas ties to Moscow, a challenge given Europe's longstanding dependence on Russian fossil fuels. The commission has highlighted its efforts to reduce dependence on Russian fossil fuels since the 2022 invasion of Ukraine.
Food delivery app DoorDash agrees to buy peer Deliveroo
US food delivery app DoorDash has agreed to buy UK-based rival Deliveroo for £2.9 billion ($3.9 billion) in a deal that will expand its global reach. - European expansion - DoorDash, the largest food delivery app in the United States, entered the European market in 2021 with the purchase of Finland-based Wolt for $8.1 billion.
DoorDash agrees £2.9 billion takeover of Deliveroo
US delivery service DoorDash has agreed to take over UK peer Deliveroo in a deal worth £2.9 billion ($3.9 billion), according to a joint statement on Tuesday. The deal will give the combined food delivery service a presence in over 40 countries, serving around 50 million monthly active users.
AFP
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