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19998 articles published since 08 Mar 2022

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TotalEnergies approves restart of $20-bn Mozambique gas project
TotalEnergies approves restart of $20-bn Mozambique gas project
Economy

France's TotalEnergies said Saturday the consortium it leads to build a $20-billion liquified natural gas project in Mozambique has decided to lift a suspension on the work imposed in 2021 because of jihadist violence. The French oil and gas company is the lead partner in the Mozambique LNG consortium, with a 26.5 percent stake.

French government under pressure as lawmakers set to vote on wealth tax
French government under pressure as lawmakers set to vote on wealth tax
Economy

French lawmakers were due on Saturday to vote on a wealth tax, after a swing group threatened to topple the government if the levy was not added in next year's austerity budget. But the Socialists, a swing group in parliament, have also demanded a tax on the uber-wealthy, without which they have threatened to topple his government as soon as Monday.

Trump heads to Asia for Xi talks, eyes Kim meeting
Trump heads to Asia for Xi talks, eyes Kim meeting
Economy

US President Donald Trump headed for Asia on Saturday and high-stakes trade talks with Chinese counterpart Xi Jinping, saying that he would also like to meet North Korean leader Kim Jong Un on his trip. Trump will meet South Korean President Lee Jae Myung, address an APEC lunch with business leaders and meet US tech bosses for dinner on the sidelines of the summit in the city of Gyeongju.

Major champions help Philippines chase golf tourist billions
Major champions help Philippines chase golf tourist billions
Economy

The Philippines is laying out the red carpet this week to some of golf's biggest names, part of a grand government plan to diversify tourism with sport at the forefront. In conjunction with the top-class field this week, music concerts are part of an entertainment package to send a message that the Philippines should be on every golf tourist's to-do list.

Nexperia, the new crisis looming for Europe's carmakers
Nexperia, the new crisis looming for Europe's carmakers
Economy

European automakers already buffeted by US tariffs and a rocky shift toward electric vehicles now face a new threat: a shortage of key semiconductors supplied by Chinese-owned Nexperia. "Without these chips, European automotive suppliers cannot build the parts and components needed to supply vehicle manufacturers and this therefore threatens production stoppages," the group said.

Porsche loses almost one billion euros on shift back to petrol
Porsche loses almost one billion euros on shift back to petrol
Economy

German sports car maker Porsche sunk to a third-quarter loss of almost one billion euros ($1.16 billion), the firm said Friday, as it grappled with the costs returning to petrol and delaying its electric vehicle (EV) rollout. Porsche in September said it would delay the introduction of some fully electric cars and extend the life of some combustion engine and hybrid models.

P&G profits rise as company sees lower tariff hit
P&G profits rise as company sees lower tariff hit
Economy

Procter & Gamble on Friday reported higher earnings fueled in part by an improved performance in China as it projected a lower hit from tariffs. The consumer products giant -- which announced a downsizing in non-manufacturing employment in June in the wake of the tariff onslaught -- now sees a hit of $500 million in fiscal 2026, down from an earlier forecast of $1 billion.

Spain probes steelmaker for alleged trading with Israeli arms firm
Spain probes steelmaker for alleged trading with Israeli arms firm
Economy

Spain's top criminal court said Friday it had opened an investigation into executives at steelmaker Sidenor for alleged complicity in crimes against humanity or genocide for trading with an Israeli arms company. UN investigators and several human rights groups, among them Amnesty International and Human Rights Watch, accuse Israel of committing genocide in Gaza.

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