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Atletico owners negotiating with US firm Apollo over majority stake sale - reports
Atletico Madrid's owners are in advanced negotiations to sell a majority stake of the Spanish football club's shares to US private equity firm Apollo Global Management, according to various reports citing sources close to the deal.
US Fed official urges proactive approach on rates to boost jobs market
The US central bank should preemptively address worsening labor market conditions by lowering interest rates, a top Federal Reserve official said Tuesday, warning that policymakers risk running "behind the curve." She warned that a shock could tip the labor market into a sudden and significant deterioration.
EU proposes new delay to anti-deforestation rules
The EU said Tuesday it will seek a new one-year delay to sweeping anti-deforestation rules cheered by green groups but assailed by key trading partners from the United States to Indonesia. But the ban has faced opposition from trading partners, including Brazil and the United States, and some EU capitals, amid concerns over red tape, costs and lack of clarity over some aspects of the law.
France's Dassault says can build European fighter jet without Germany
The head of French defence company Dassault said on Tuesday his firm was capable of building the future European fighter jet by itself as tensions persist with Germany over the multi-billion-euro project. "The answer is yes," Trappier said when asked whether Dassault, the manufacturer of Rafale fighter jets, could build a sixth-generation fighter jet on its own.
EU queries Apple, Google, Microsoft over financial scams
The European Union on Tuesday demanded Big Tech players including Apple and Google explain what action they are taking against financial scams online, as Brussels seeks to show it is not shying away from enforcing its rules. The EU has vowed it will not back down from enforcing its stringent rules to protect Europeans online.
German business groups pressure Merz over ailing economy
German business associations in talks with Chancellor Friedrich Merz stressed the "urgency" of steps to help the ailing economy, one group said Tuesday, with reports describing a stormy encounter.
Indonesia, EU sign long-awaited trade deal
Indonesia and the European Union finalised negotiations on a trade agreement Tuesday after nearly a decade of talks, a senior minister said. Indonesia has been in talks with the EU since 2016, but negotiations for a trade deal initially saw little progress.
Tech migrants 'key' for US growth, warns OECD chief economist
High-skilled migrants are vital for the US economy, the OECD's chief economist told AFP, after the United States imposed a $100,000 fee for H-1B visas widely used by the tech industry. Such visas are widely used by the tech industry.
OECD ups world economic outlook as tariffs contained, for now
The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump's tariffs, but their full impact remains uncertain, the OECD said Tuesday. In June, the Paris-based organisation had cut its forecast from 3.1 percent to 2.9 percent, warning at the time that Trump's tariffs would stifle the world economy.
AFP
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