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Luxury carmaker Lotus to slash UK jobs amid US tariffs
Chinese-owned luxury carmaker Lotus said Thursday that it planned to cut up to 550 UK jobs, in part over uncertainty caused by US President Donald Trump's tariffs. The carmaker, which is majority owned by Chinese auto giant Geely, has several sites in the UK, including its headquarters in Hethel, eastern England.
Small parcels in limbo as Trump moves to end US tariff exemption
An approaching US deadline to end tariff exemptions on small parcels has tripped up global deliveries to the world's biggest economy, with businesses halting shipments to American consumers and mulling price hikes. Massicotte said: "This tariff war is just going to hurt the American and the Canadian consumer, especially small business owners." bys/bgs
US Fed Governor Lisa Cook sues Trump over move to fire her
US Federal Reserve Governor Lisa Cook filed a lawsuit Thursday to challenge Donald Trump's move to fire her from her position -- as the president intensified pressure on the independent central bank.
Swiss economy set to slow due to US tariffs
The Swiss economy will likely grow more slowly than previously expected next year due to the massive import tariffs imposed by US President Donald Trump, the economy ministry said Thursday.
Asian markets mixed after Nvidia earnings
Asian markets were mixed Thursday after AI powerhouse Nvidia's quarterly earnings beat expectations, but its shares slipped over worries about the company's stalled business in China. The earnings report comes amid market worries about an AI spending bubble that could burst and hurt the chip giant's fortunes.
Nigerian designer pushes 'Afro-lux' onto the global fashion scene
Its modern architecture complemented by latticework inspired by local Yoruba textiles, Alara, west Africa's first fashion and design "concept store", is an imposing sight in Lagos, Nigeria's bustling economic capital.
Norway, environmentalists back in court over oil field permits
The Norwegian state and environmental groups face off in court again Thursday over three oil fields ruled illegal last year due to insufficient environmental impact studies. The state said the operators of the fields, Equinor and Aker BP, had conducted additional impact studies to address concerns raised in the lower court's ruling.
Qantas says profits up, strong travel demand ahead
Qantas Airways said Thursday it lifted annual net profit and saw a bright outlook for travel demand, days after it was fined for illegally firing staff during the Covid-19 pandemic. Last week, an Australian court fined Qantas Aus$90 million for unlawfully laying off 1,800 ground staff during the Covid-19 pandemic.
'Perfect storm': UK fishermen reel from octopus invasion
When veteran fisherman Brian Tapper checked his 1,200 crab pots in waters off southwest England during this year's crabbing season, he got a series of unwelcome surprises. Sue MacKenzie, whose Passionate About Fish firm sources produce from southwest England, said the octopus are "eating our indigenous species at a rate that nobody can anticipate -- it's quite scary".
AFP
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