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Trump-Musk showdown threatens US space plans
Trump-Musk showdown threatens US space plans
by  AFP

SpaceX's rockets ferry US astronauts to the International Space Station. The next, with partner Axiom Space, will carry astronauts from India, Poland, and Hungary, funded by their respective governments.

Trump says fresh US-China trade talks in London next week
Trump says fresh US-China trade talks in London next week
by  AFP

US President Donald Trump announced Friday a new round of trade talks with China in London next week, a day after calling Chinese counterpart Xi Jinping in a bid to end a bitter battle over tariffs. While Trump's long-awaited phone call with Xi this week likely paved the way for further high-level trade talks, a swift resolution to the tariffs impasse remains uncertain. dk-bys/acb

EU states look to trim compensation for flight delays
EU states look to trim compensation for flight delays
by  AFP

EU countries have backed a plan to allow airlines to incur longer flight delays before having to compensate passengers -- a contested move intended to be offset by several new passenger rights. For longer flights, the right to compensation of 500 euros would kick in after a six-hour delay.

Trump may get rid of his Tesla after Musk row: official
Trump may get rid of his Tesla after Musk row: official
by  AFP

Donald Trump may now offload a Tesla he said he bought earlier this year in a show of support for Elon Musk, a White House official said Friday, following a blazing row between the US president and his billionaire former advisor. "He's thinking about it, yes," a senior White House official told AFP when asked if the Republican would sell or give away the Tesla.

US job market resilient in May despite Trump tariffs
US job market resilient in May despite Trump tariffs
by  AFP

The United States added more jobs than analysts expected in May even as hiring cooled, government data showed Friday, a resilient showing amid growing scrutiny over the effects of President Donald Trump's widespread tariffs. All these mean that such effects could soon show up in government employment numbers.

Eurozone GDP growth revised up to 0.6% in first quarter
Eurozone GDP growth revised up to 0.6% in first quarter
by  AFP

The eurozone economy expanded at a significantly faster pace than estimated in the first three months of 2025, official data showed Friday, thanks to better-than-expected growth in Germany and strong output in Ireland. The data confirms a pivot back to expansion for Germany after its economy contracted by 0.2 percent in the final quarter last year.

Russia cuts interest rates from two-decade high as economy slows
Russia cuts interest rates from two-decade high as economy slows
by  AFP

Russia's central bank on Friday cut its key interest rate to 20 percent -- down from a two-decade high of 21 percent -- as the economy slows and officials say months of rapid price rises are coming under control. The bank had come under increasing political pressure this year to cut interest rates, which businesses said was throttling the economy and killing investment.

Germany faces two more years of recession if US trade war escalates: central bank
Germany faces two more years of recession if US trade war escalates: central bank
by  AFP

Germany could face two more years of recession if a trade war with the United States escalates sharply, the central bank said Friday, a bleak warning for Europe's struggling top economy. Trump's tariff blitz stands to hit export power Germany hard, as the United States was Germany's top trading partner in 2024, receiving huge quantities of its cars, pharmaceuticals and machinery.