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Trump admin ends halt on New York offshore wind project
Trump admin ends halt on New York offshore wind project
by  AFP

President Donald Trump's administration has reversed its halt on a giant offshore wind project in New York led by Norwegian company Equinor, US officials confirmed Tuesday. A Department of Interior spokesperson confirmed on Tuesday that the wind project halt had been lifted.

Chanel reports 28% drop in full-year profit
Chanel reports 28% drop in full-year profit
by  AFP

French luxury group Chanel said Tuesday that it suffered a 28.2-percent drop in net profit to $3.4 billion last year because of "challenging" conditions in some markets. "We saw challenging macroeconomic conditions which had an impact on sales in some markets," the CEO of the fashion house, Leena Nair, said in a statement.

EU plans two-euro flat fee on small parcels from outside bloc
EU plans two-euro flat fee on small parcels from outside bloc
by  AFP

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
Musk says will spend 'a lot less' on political campaigns
by  AFP

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
Adidas, Puma family feud to be turned into TV series
by  AFP

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.