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Fallen Austrian tycoon Benko charged with fraud
Fallen Austrian tycoon Benko charged with fraud
by  AFP

Austrian tycoon Rene Benko has been charged with fraud as part of a wide-ranging probe into the insolvency of his real estate empire, prosecutors said Tuesday. Benko, once one of Austria's richest men, founded the Signa real estate empire in 2000, but the debt-laden group crumbled in 2023 in the largest insolvency proceedings in the country's history.

US consumer inflation accelerates as tariff scrutiny grows
US consumer inflation accelerates as tariff scrutiny grows
by  AFP

US consumer inflation picked up in line with analyst expectations last month, government data showed Tuesday, as policymakers try to gauge how President Donald Trump's ever-growing list of tariffs is affecting the economy.

Russia suggests Trump is emboldening Ukraine, delaying peace
Russia suggests Trump is emboldening Ukraine, delaying peace
by  AFP

The Kremlin warned Tuesday that US President Donald Trump's pledge of more weapons for Kyiv and threat of sanctions targeting Russian trading partners could embolden Ukraine and further delay already stalled peace efforts. Denmark and the Netherlands on Tuesday said they were looking to participate in Trump's plan for Europe to buy American weapons for Ukraine.

Tesla marks India entry with first showroom 
Tesla marks India entry with first showroom 
by  AFP

Tesla unveiled its first showroom in India on Tuesday, marking its entry into the world's most populous country, as Elon Musk's electric vehicle company seeks new customers amid sagging sales in the United States and Europe. India is currently negotiating a trade deal with the United States, including a potential reduction in tariffs on automobiles.

Skidding Nissan to halt production at Japanese plant
Skidding Nissan to halt production at Japanese plant
by  AFP

Struggling auto giant Nissan said Tuesday it will stop production at its plant at Oppama in Japan at the end of its 2027 fiscal year. "The company will cease vehicle production at the Oppama plant at the end of fiscal year 2027," Nissan said in a statement.