AFP
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Dollar recovers some losses, stocks gain as traders eye tariff deals
The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump's sweeping tariffs, while equities mostly rose as investors await the Federal Reserve's latest policy decision. Equities mostly rose, with Hong Kong and Shanghai leading the way as investors returned from a long weekend.
'Makes no sense': Hollywood shocked by Trump's film tariffs announcement
Hollywood reacted Monday with skepticism to US President Donald Trump's announcement of 100 percent tariffs on foreign films, with movie insiders calling it a policy made up on the fly by a president who fails to understand how the industry works. As Hollywood fretted over Trump's announcement, the White House said no decision on foreign film tariffs has been made.
OpenAI abandons plan to become for-profit company
OpenAI CEO Sam Altman announced Monday that the company behind ChatGPT will continue to be run as a nonprofit, abandoning a contested plan to convert into a for-profit organization. "OpenAI is not a normal company and never will be," Altman wrote in an email to staff posted on the company's website.
Ford sees $1.5 bn tariff hit this year, suspends 2025 forecast
Ford reported a 65 percent drop in first-quarter profits Monday, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty.
Meta content moderator cuts over 2,000 jobs in Spain: union
Canadian tech firm Telus International, tasked by Meta to moderate content on its social media networks Facebook and Instagram, will slash over 2,000 jobs in Barcelona, a Spanish union said Monday.
Warren Buffett to remain as Berkshire Hathaway board chair
American investor Warren Buffett, 94, will remain as chairman of Berkshire Hathaway's board of directors once he steps down as chief executive at the end of this year, the conglomerate announced Monday.
France, EU take aim at Trump's assault on science, seek to lure US researchers
French President Emmanuel Macron and European Commission head Ursula von der Leyen took aim at Donald Trump's policies on science on Monday, as the European Union seeks to encourage disgruntled US researchers to relocate to Europe.
Spain foreign tourist numbers break record in early 2025
Spain welcomed a record 17 million foreign tourists in the first three months of 2025 as the buoyant sector drives an economy outshining European peers, official data showed on Monday. Britain, France and Germany supplied the most holidaymakers to the world's second most-visited country, which last year hosted a record 94 million foreign tourists seeking its sun, beaches and culture.
Spain's blackout highlights renewables' grid challenge
The cause of last week's massive power outage in Spain and Portugal remains unclear but it has shone a spotlight on solar and wind energy, which critics accuse of straining electricity grids. - No sun or wind - Just before the massive blackout on April 28, wind and solar power provided 70 percent of Spain's electricity output.
AFP
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