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TotalEnergies in deal for Namibia offshore oil field
TotalEnergies in deal for Namibia offshore oil field
by  AFP

TotalEnergies said Tuesday it had reached a deal to become a partner in the Mopane oil field off the coast of Namibia, where exploration remains underway. The deal will see TotalEnergies take a 40 percent stake in the petroleum exploration licence that includes Mopane.

India's biggest airline IndiGo says operations 'back to normal'
India's biggest airline IndiGo says operations 'back to normal'
by  AFP

India's biggest airline IndiGo said Tuesday its operations had stabilise after it cancelled thousands of flights, triggering days of airport chaos last week. "Our on-time performance is... back to normal levels," an IndiGo statement said, adding the airline was operating more than 1,800 flights on Tuesday, and planned to "fly nearly 1,900 flights" on Wednesday.

Bleak year for German engineering firms amid US, China turmoil
Bleak year for German engineering firms amid US, China turmoil
by  AFP

Production in Germany's key engineering sector plunged for a third straight year in 2025 as firms were squeezed by US tariffs and fierce Chinese competition, an industry group said Tuesday. An even bigger challenge was competition from Chinese companies that are increasingly rivalling German firms in more and more sectors, and in some cases benefitting from government subsidies, the VDMA warned.

France's prime minister faces crunch vote in parliament
France's prime minister faces crunch vote in parliament
by  AFP

France's social security bill was to go to a vote in parliament Tuesday, in a key hurdle for Prime Minister Sebastien Lecornu after he pledged to deliver a 2026 budget by year-end. On Tuesday afternoon, the lower house of parliament was to vote on the social security bill, which includes postponing the pensions reform until 2028, after the end of Macron's term in office.

UK's renationalised trains to get Union Flag makeover
UK's renationalised trains to get Union Flag makeover
by  AFP

Britain's railways will feature trains painted in the red, white and blue of the nation's Union Flag as underperforming train operators return to state ownership, the UK government announced Tuesday. Owing to poor service, some train operators already entered state ownership under the previous Conservative government.

BMW names new boss to steer car giant in tough times
BMW names new boss to steer car giant in tough times
by  AFP

BMW said Tuesday its head of production Milan Nedeljkovic will take over as chief executive as the German auto giant contends with challenges ranging from the electric shift to Chinese competition. Nedeljkovic currently oversees the group's factories worldwide, which produce both electric and combustion engine models on the same production lines.

Euroclear details 'concerns' over EU's frozen Russian asset plan
Euroclear details 'concerns' over EU's frozen Russian asset plan
by  AFP

EU reassurances over its plan to use frozen Russian assets to help fund Ukraine have failed to quell worries about the untested scheme, the organisation holding most of the funds told AFP. "We've made very, very clear that we still have concerns," Guillaume Eliet, chief risk officer at Brussels-based clearing house Euroclear, told AFP in an interview.