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S.Africa revised budget gets booed despite smaller tax hike
South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government.
Stocks advance on US inflation slowing, Ukraine ceasefire plan
Stock markets surged Wednesday on both sides of the Atlantic as investors shrugged off the latest US tariff moves to focus on cooling US inflation and a Ukraine ceasefire plan.
Shares in Zara owner Inditex sink despite record profit
Zara owner Inditex posted Wednesday another record annual profit but investor worries that sweeping US tariffs could hurt its growth prospects caused shares in the world's biggest fashion retailer to slide.
US consumer inflation cools slightly as tariff worries flare
US consumer inflation inched lower in February according to government data Wednesday, in the first full month of Donald Trump's White House return -- but concerns remain over stubborn price growth as jitters flare over the president's trade policies.
Greenland to get new government to lead independence process
Talks to form a new Greenland government tasked with mapping a timeline for independence from Denmark were to begin Wednesday, a day after elections that saw support soar for a party seeking to cut ties swiftly.
Stocks diverge over Trump tariffs, Ukraine ceasefire plan
European stock markets rose Wednesday but Asian equities sputtered as investors tracked President Donald Trump's latest tariffs and a potential ceasefire in Ukraine.
Battery maker Northvolt files for bankruptcy in Sweden
Swedish electric car battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure financing to enable it to continue operations, the struggling company said Wednesday.
Markets mixed as Trump trade policy sows uncertainty
Asian and European equities were mixed Wednesday as investors fret over President Donald Trump's ever-changing trade policies amid increasing concern that his tariffs could send the US economy into recession.
Thailand sacks senior cop over illicit gambling, fraud
Thailand has sacked one of its most high-profile police officers over his alleged involvement in illegal gambling and financial fraud.
US tariffs of 25% on steel, aluminum imports take effect
The United States broadened its slate of tariffs Wednesday as sweeping levies on steel and aluminum imports took effect "with no exceptions or exemptions" as promised by the White House -- despite countries' efforts to avert them.
Rubio heads to Canada as Trump wages trade war
US Secretary of State Marco Rubio headed Wednesday to Canada on the highest-level visit by the administration of President Donald Trump, who has unleashed a trade war described by the United States' neighbour as an existential challenge.
Most Asian stocks drop as Trump trade policy sows uncertainty
Asian equities mostly fell Wednesday as investors fret over Donald Trump's ever-changing trade policies amid increasing concern that his tariffs could send the US economy into recession.
Morocco fights measles outbreak amid vaccine misinformation
Authorities in Morocco have been scrambling to contain an outbreak of measles, a contagious and potentially fatal disease that had nearly been eradicated in the kingdom but has rebounded as vaccination rates have fallen.
Trump talks up Tesla in White House show of support for Musk
President Donald Trump sought to boost plummeting Tesla share prices Tuesday by briefly turning the White House into a showroom, announcing he was buying one of the electric cars made by close advisor Elon Musk and threatening anti-Musk protesters with "hell."
Oil companies greet Trump return, muted on tariffs
Oil executives said Tuesday they are bullish on US petroleum investments in the emerging Trump era as some giants back away from renewable energy and beef up fossil fuel developments.
Trump burnishes Tesla at White House in show of support for Musk
President Donald Trump responded Tuesday to plummeting Tesla share prices by briefly turning the White House into a showroom, announcing he was buying one of the electric cars manufactured by close advisor Elon Musk, and threatening anti-Tesla protesters with "hell."
Italian defence firm Leonardo to focus on int'l alliances for growth
Italian defence group Leonardo will use international alliances to help accelerate growth and face competition amid rising geopolitical tensions, its chief executive said Tuesday.
Stock markets extend losses over US tariffs, recession fears
Global stock markets extended losses on Tuesday after President Donald Trump doubled planned tariffs on Canadian steel, aggravating concerns his trade policies could push the United States toward recession.
Trump doubles down on Canada trade war with major tariff hike
US President Donald Trump announced sharply higher tariffs on Canadian steel and aluminum Tuesday, while threatening to "shut down" its auto industry and saying the best way to end the trade war was for Washington's ally to be absorbed into the United States.
UK makes manslaughter arrest over North Sea ship crash
British police arrested a 59-year-old man Tuesday on suspicion of manslaughter in connection with a ship crash in the North Sea that sparked a massive blaze, leaving one crew member missing and presumed dead.
Ghana scraps IMF-linked 'nuisance' taxes
Ghana's new government on Tuesday announced it was scrapping several Covid-era taxes introduced in an effort to secure IMF financing, citing the economic hardship placed on ordinary citizens.
Trump doubles down on Canada trade war with massive new tariffs
US President Donald Trump announced massive new tariffs on Canadian steel and aluminum Tuesday, while threatening to "shut down" its auto industry and saying the best way to end the trade war was for Washington's ally to be absorbed into the United States.
French right-wing media's Russia tilt irks Elysee
French Sunday newspaper readers woke up this past weekend to starkly different visions of their country's relationship with Russia.
Stock markets waver after sell-off over US recession fears
Global stock markets wavered on Tuesday following a Wall Street sell-off over fears that President Donald Trump's trade policies could push the United States towards recession.
Volkswagen to navigate another tricky year after 2024 profit plunge
Volkswagen said Tuesday its profits nosedived in 2024 amid high costs and fierce Chinese competition as the German carmaker geared up for another tricky year navigating an industry transition and global trade tensions.
Ships blaze after North Sea crash, govt rules out foul play
Two ships were still on fire in the North Sea on Tuesday after a cargo vessel slammed into a tanker carrying flammable jet fuel, with the UK government ruling out foul play.
Stock markets mixed as Trump-fuelled economy fears weigh
European and Asian stock markets diverged Tuesday after a sharp sell-off on Wall Street fuelled by fears about the US economy as President Donald Trump presses ahead with steep tariffs.
Ships blaze, spill feared after North Sea crash
Fires were raging on Tuesday after a cargo ship laden with toxic materials slammed into a tanker carrying flammable jet fuel in the North Sea, as questions mounted about how the accident happened.
Volkswagen profits hit as high costs, China woes weigh
German auto giant Volkswagen said Tuesday its annual profits nosedived during a torrid year that saw Europe's top carmaker increasingly struggle with high production costs and fierce Chinese competition.
Struggling Japanese automaker Nissan replaces CEO
Struggling Japanese automaker Nissan announced on Tuesday that chief executive Makoto Uchida would step down, a move that follows the failure of merger talks with rival Honda.
Ships still on fire after North Sea crash
Fires were still raging on Tuesday after a cargo ship laden with toxic materials slammed into a tanker carrying flammable jet fuel in the North Sea, as questions mounted about how the accident happened.
Lego posts record profit, CEO shrugs off US tariff threat
Lego's CEO told AFP that US President Donald Trump's tariff threats do not keep him "awake at night" as the world's largest toymaker posted on Tuesday record earnings for 2024.