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Philips chops back US tariff bill
Philips chops back US tariff bill
by  AFP

Dutch medical equipment manufacturer Philips said Tuesday that the impact of US tariffs would be much less than it initially estimated, sending its share price surging. It said Tuesday it now expects between 150 and 200 million euros impact from US tariffs this year.

Dubai airport logs record travellers in first half
Dubai airport logs record travellers in first half
by  AFP

Dubai International Airport welcomed a record 46 million passengers in the first half of this year, authorities said on Tuesday, despite disruptions due to the Iran-Israel war The facility marked its busiest first half on record with a 2.3 percent year-on-year growth, Dubai Airports said in a statement, "despite temporary regional airspace disruptions in May and June".

Jeep owner Stellantis says has turned corner
Jeep owner Stellantis says has turned corner
by  AFP

Jeep owner Stellantis said Tuesday it sees sales revenue and profitability rebounding in the second half of the year despite taking a 1.5-billion-euro ($1.7-billion) hit from US tariffs.

Stock markets fall as trade relief fades, eyes on data and earnings
Stock markets fall as trade relief fades, eyes on data and earnings
by  AFP

Stocks fell Tuesday as the positivity sparked by recent US trade deals dissipated, with investors now focused on the release of key data and earnings, and the Federal Reserve's next policy meeting. Investors are also looking ahead to a busy few days that includes earnings from tech titans Apple, Microsoft, Meta and Amazon, as well as data on US economic growth and jobs creation.

Palantir, the AI giant that preaches US dominance
Palantir, the AI giant that preaches US dominance
by  AFP

Palantir, an American data analysis and artificial intelligence company, has emerged as Silicon Valley's latest tech darling -- one that makes no secret of its macho, America-first ethos now ascendant in Trump-era tech culture. Palantir was founded in 2003 by Peter Thiel -- Silicon Valley's preeminent conservative -- Karp, and others with CIA backing.

EU car industry sees relief - and pain - in US trade deal
EU car industry sees relief - and pain - in US trade deal
by  AFP

The car industry in the EU on Monday viewed the trade deal struck with the United States as a de-escalation -- but one that still puts sand in its gearbox. The 15 percent rate was similar to one reached in the deal the United States struck with Japan, another major car-exporting country.

AI Ray-Ban Meta glasses help EssilorLuxottica boost sales
AI Ray-Ban Meta glasses help EssilorLuxottica boost sales
by  AFP

EssilorLuxottica, the world's top maker of eyeglasses, said Monday a tripling of sales of Ray-Ban Meta AI connected glasses helped drive increase in profits. EssilorLuxottica said AI glasses gained momentum in the first half of the year, with Ray-Ban Meta more than tripling in revenue year-over-year.

Europe's carmakers still nervous despite EU-US trade deal
Europe's carmakers still nervous despite EU-US trade deal
by  AFP

Europe's auto industry is relieved that the EU-US trade deal reduces short-term uncertainty but many, particularly in the struggling German sector, remain deeply worried about the long-term impact. - German industry woes - The German auto sector stands to be hit particularly hard, with the United States the top market for German vehicle exports last year, receiving about 13 percent of the total.