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President Trump says US 'reciprocal tariffs' to be announced Thursday
President Trump says US 'reciprocal tariffs' to be announced Thursday
by  AFP

US President Donald Trump said that he would announce "reciprocal tariffs" on trading partners Thursday, opening new fronts in a trade war economists warn could fuel inflation at home. But economists warn that his broad-ranging tariffs on US imports would likely boost inflation, not reduce it, in the near term and could weigh on growth eventually.

Facebook, TikTok harden EU commitment to tackle disinformation -- but not X
Facebook, TikTok harden EU commitment to tackle disinformation -- but not X
by  AFP

Digital titans including Facebook and TikTok formally pledged to ramp up the fight against disinformation in the EU, Brussels said on Thursday, just days after the new US administration condemned the bloc's online content rules. The DSA forces all digital firms to police content online and tackle the spread of mis- and disinformation.

Unilever announces profit slump on Russia exit
Unilever announces profit slump on Russia exit
by  AFP

British consumer goods giant Unilever on Thursday announced falling net profits for 2024, hit by exiting Russia and other restructuring costs. The fall in profits reflected the sale of assets and "higher restructuring costs as a result of accelerating the productivity programme", the company said in its earnings statement.

French game developers mark first industry-wide strike
French game developers mark first industry-wide strike
by  AFP

French video game workers on Thursday hit the pause button in a first-ever sector-wide walkout over conditions and job cuts. Drawing in other worker groups, the movement has even spread abroad with a walkout at a studio belonging to French giant Ubisoft in Barcelona, Spain.

Nestle sales beat forecast after price hikes
Nestle sales beat forecast after price hikes
by  AFP

Swiss food giant Nestle reported better-than-expected annual sales on Thursday, boosting its shares after the maker of Nescafe coffee, KitKat chocolate and Purina dog food hiked prices to offset inflation. Consumers turned to cheaper products as Nestle raised prices to cope with inflation.