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China, EU stand firm on shipping emission deal despite US threats
China, the European Union and several other members of the International Maritime Organization reaffirmed their support on Tuesday for ambitious plans to cut shipping emissions, despite US threats.
US Fed chair flags concern about sharp slowdown in job creation
US Federal Reserve Chair Jerome Powell warned Tuesday that risks to employment had risen in recent months, noting there had been a sharp slowdown of job creation in the world's leading economy.
Chipmaker Nexperia says banned from exporting from China
Chipmaker Nexperia said Tuesday the Chinese government had banned it from exporting goods from China, after Dutch authorities seized control of the Netherlands-based firm citing management concerns.
Animal welfare transport law deadlocked in EU
An EU proposal aimed at improving animal transport conditions has hit a wall two years after its introduction, with negotiations deadlocked and its future uncertain.
US Treasury chief accuses China of wanting to hurt world economy
US Treasury Secretary Scott Bessent slammed Beijing in an interview this week, accusing it of seeking to harm the global economy after China slapped sweeping new export controls in the strategic field of rare earths. His comments came days after Beijing imposed fresh controls on the export of rare earth technologies and items.
IMF raises 2025 global growth forecast on 'modest' US trade shock
The International Monetary Fund on Tuesday lifted its outlook for global growth this year, flagging a milder-than-expected economic hit from President Donald Trump's tariff policies while warning of risks ahead.
Europe's economic integration 'insufficient': IMF chief economist
The EU's attempts to integrate the economies of its 27 member states have been insufficient to boost lackluster growth, the IMF's chief economist said in an interview. "There's been some progress, but insufficient in our view, in terms of integrating these economies," Gourinchas said.
Maria Grazia Chiuri named creative director at Fendi
Italian designer Maria Grazia Chiuri was named Tuesday as the new chief creative officer at Rome-based luxury brand Fendi, just months after stepping down as womenswear designer at Dior. "Maria Grazia Chiuri is one of the greatest creative talents in fashion today," said Bernard Arnault, the multi-billionaire chief executive of fashion giant LVMH, which owns Fendi and Dior.
Fallen Austrian property tycoon Benko goes on trial over fraud charges
Fallen Austrian property tycoon Rene Benko pleaded not guilty Tuesday to alleged fraud, the first charges in a wide-ranging investigation into the insolvency of his former real estate empire. On the first day of his trial in the city of Innsbruck, Benko pleaded not guilty to the charges, according to a spokeswoman.
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