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Chinese automakers get stern 'price war' warning after discount spree
Chinese automakers get stern 'price war' warning after discount spree
by  AFP

A top industry group had a stern rebuke Saturday for automakers fuelling a "price war", a week after Chinese EV giant BYD announced sweeping trade-in discounts, with multiple competitors following suit. Days later, Stellantis-backed Chinese EV startup Leapmotor announced similar discounts on two "entry-level" models through June 8.

Panama launches maintenance work at contested mine
Panama launches maintenance work at contested mine
by  AFP

Panama's government said Friday it would start maintenance work at a major mine forced to shut by protests, but insisted the project was not tantamount to the pit reopening. Panama's President Jose Raul Mulino said last month that his government was working toward reopening the mine, without clarifying how he plans to tackle legal hurdles.

Trump says to double steel tariff to 50%
Trump says to double steel tariff to 50%
by  AFP

US President Donald Trump said Friday that he would double steel import tariffs to 50 percent, speaking in Pennsylvania at a US Steel plant where he also touted a partnership between the American steelmaker and Japan's Nippon Steel.

Google makes case for keeping Chrome browser
Google makes case for keeping Chrome browser
by  AFP

Google on Friday urged a US judge to reject the notion of making it spin off its Chrome browser to weaken its dominance in online search. US government attorneys have called on Mehta to order Google divest itself of Chrome browser, contending that artificial intelligence is poised to ramp up the tech giant's dominance as the go-to window into the internet.

Taylor Swift buys back rights to her old music
Taylor Swift buys back rights to her old music
by  AFP

Pop sensation Taylor Swift, locked in a feud with record executives since 2019 over ownership of her music, has bought back the rights to her entire back catalog, she said Friday. Thos records included the award-winning "Reputation" and "Taylor Swift."

Canada growth up but Trump tariffs starting to hurt
Canada growth up but Trump tariffs starting to hurt
by  AFP

Canada's latest growth figures, released Friday, were better than expected, but also highlighted weaknesses in the economy as the effects of a trade war launched by US President Donald Trump began to take hold. Most analysts had expected only modest growth.

Germany considers 10% tax on internet giants
Germany considers 10% tax on internet giants
by  AFP

Germany is weighing plans for a 10 percent digital tax for internet giants such as Alphabet and Meta, a senior official said Friday, despite the risk of stoking further trade tensions with the United States. This could be based on the model in Austria, which has a five percent tax, he said, adding that in Germany "we consider a 10 percent tax rate to be moderate and legitimate".

Trump signals fresh trade tensions with China
Trump signals fresh trade tensions with China
by  AFP

US President Donald Trump signaled renewed trade tensions with China on Friday, arguing that Beijing had "violated" a deal to de-escalate tariffs, at a time when both sides appeared deadlocked in negotiations. But on Friday, Trump wrote that: "China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US," without providing further details.