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French finance minister calls trade war 'idiotic', plans US trip
French finance minister calls trade war 'idiotic', plans US trip
Economy
by  AFP

France's Finance Minister Eric Lombard called the escalating US-EU trade war "idiotic" on Friday and said he would soon travel to the United States after Washington threatened huge tariffs against French wine and champagne. "By doing this, the United States is hurting itself," Lombard said, describing what he called an "idiotic war".

Taiwan tech giant Foxconn's 2024 profit misses forecasts
Taiwan tech giant Foxconn's 2024 profit misses forecasts
Economy
by  AFP

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust. Apple said recently it would team up with Foxconn later this year to begin producing servers that power the cloud components of Apple Intelligence in Houston, Bloomberg reported.