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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".
AI giant Nvidia shares slip despite record sales
AI powerhouse Nvidia on Wednesday reported quarterly earnings that beat market expectations, but shares slipped amid fears of an AI chip spending bubble and concerns that the company's business may be stalled in China.
Ex-Fed chief says Trump bid to oust US governor Cook 'dangerous'
US President Donald Trump's move to oust Federal Reserve Governor Lisa Cook marks a direct attempt to politicize the central bank and is "profoundly dangerous," former Fed chief Janet Yellen warned Wednesday. On Wednesday, Yellen warned that the Fed's interest rate decisions would lose credibility if markets believed the central bank was guided by political orders.
Defence giant Rheinmetall opens mega-plant as Europe rearms
German weapons-maker Rheinmetall opened Europe's largest munitions plant on Wednesday, a move hailed as boosting Western defences by NATO chief Mark Rutte.
AFP
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