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'Paradigm shift': Germany says to meet Trump's NATO spending target
Germany under new Chancellor Friedrich Merz surprised NATO allies on Thursday by signalling plans to massively boost defence spending to five percent of GDP as demanded by US President Donald Trump.
Struggling steel giant Thyssenkrupp's shares slump after profit hit
Thyssenkrupp's shares slumped Thursday after it reported worse-than-expected earnings and its steel business took a fresh hit, in more bad news for the struggling German industrial titan. Once a symbol of German industrial might, Thyssenkrupp has suffered as high costs at home, falling prices for its products and fierce competition from Asian rivals hammered its traditional steel business.
EU accuses TikTok of violating digital rules over ads
The EU accused TikTok on Thursday of breaking digital rules after concluding that the Chinese-owned social media platform was not transparent enough about advertisements. Under the DSA, the world's largest digital companies must establish an advertisement library that shows information about the adverts that run on their platforms.
China's Alibaba posts annual revenue increase despite spending slump
Internet giant Alibaba posted on Thursday a six percent increase in annual revenue, the latest positive sign for China's tech sector despite persisting economic uncertainties that include sluggish spending and threatened trade.
Germany's Commerzbank staff protest UniCredit takeover threat
Dressed as a Gallic warrior fighting Roman invaders or wearing the yellow of the Commerzbank logo, employees from the German lender protested Thursday against any takeover attempt by Italy's UniCredit.
China warns Panama ports deal firms to 'proceed with caution'
China urged parties involved in Hong Kong conglomerate CK Hutchison's sale of Panama Canal ports to exercise "caution" Thursday, warning of legal consequences should they proceed without clearance from Beijing.
China's Alibaba says annual revenue up six percent year-on-year
Internet giant Alibaba posted on Thursday a six percent increase in annual revenue, the latest positive sign for China's tech sector despite persisting economic uncertainties.
UK economy grows above forecasts, but tariffs threaten progress
Britain's economy grew more than expected in the first quarter, official data showed Thursday, covering the period before business tax hikes and US President Donald Trump's tariffs blitz took effect. Thursday's data covers the period before April's introduction of a hike to a business tax laid out in the Labour government's maiden budget in October.
Cuban cigarillo factory overwhelmed by burning demand overseas
Cuba's sole producer of cigarillos cannot keep up with exploding demand abroad for the smaller, cheaper, machine-rolled version of the island nation's much more famous hand-crafted cigars. Unlike Cuba's famous hand-rolled "Habanos," cigarillos are aimed at a market with "lower purchasing power," said Soler.
AFP
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