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Former Brazil president Dilma Roussef hospitalized in China
Former Brazil president Dilma Roussef hospitalized in China
by  AFP

Former Brazilian president Dilma Rousseff has been hospitalized in Shanghai for ear inflammation, her team said Tuesday. Brazilian President Luiz Inacio Lula da Silva named Rousseff to lead the Shanghai-based New Development Bank (NDB) in 2023.

Japan's ANA to purchase mega-order of 77 new jets
Japan's ANA to purchase mega-order of 77 new jets
by  AFP

Japan's biggest airline ANA Holdings announced Tuesday it will purchase 77 new aircraft from Boeing, Airbus and Embraer to replenish its fleet in order to serve growing passenger demand domestically and internationally. A spokesperson for Airbus said: "We are pleased that ANA has decided to grow its fleet with a new order for 24 A321neo and three A321XLR aircraft.

Bessent says tariffs key to Trump plan, can help fund investment
Bessent says tariffs key to Trump plan, can help fund investment
by  AFP

US Treasury Secretary Scott Bessent said Tuesday that tariffs are a crucial part of President Donald Trump's economic strategy, asserting that they can be a source of government revenue to help fund investment. They are able to boost US industrial capacity, help improve national security, and can be "an important source of government revenue, which can help fund investments," he added.

Tesla shares slump 9% on disappointing Europe sales
Tesla shares slump 9% on disappointing Europe sales
by  AFP

Shares of the US electric vehicle pioneer Tesla slumped as much as nine percent Tuesday, as investors digested disappointing European sales and chief executive Elon Musk's aggressive foray into politics. Alongside its European struggles, Tesla also faces stiff competition from automakers like BYD in China -- a key market for electric vehicles.

Germany's next leader grapples to boost defence spending
Germany's next leader grapples to boost defence spending
by  AFP

Germany's next leader, conservative Friedrich Merz, has raised the alarm over European defence but the clock is ticking for him to muster the funds needed to refurbish the armed forces. According to Bloomberg News, he is in discussions to top up Germany's special defence fund with another 200 billion euros ($210 billion).