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US trade deficit sharply narrows in April as Trump tariffs take hold
US trade deficit sharply narrows in April as Trump tariffs take hold
by  AFP

The US trade deficit more than halved in April, government data showed Thursday, pulling back from a record as imports on a plunge in imports as President Donald Trump's global tariffs kicked in. In March, the overall US trade deficit widened to a new record of $138.3 billion as businesses sought to get ahead of Trump's promised duties.

Clean energy investment rising despite economic uncertainty: IEA
Clean energy investment rising despite economic uncertainty: IEA
by  AFP

Investment in clean energy technologies is set to strike a record this year despite global economic uncertainty, double the spending on fossil fuels that will dip for the first time since 2020, the International Energy Agency said Thursday. It expects investment in clean technologies, including nuclear and electricity distribution grids, to hit a record $2.2 trillion this year.

TotalEnergies on trial in landmark greenwashing case in France
TotalEnergies on trial in landmark greenwashing case in France
by  AFP

French oil and gas giant TotalEnergies goes on trial in Paris on Thursday over allegations of misleading climate claims, an unprecedented "greenwashing" case against a fossil fuel firm in France. A greenwashing case against Australian oil and gas producer Santos, challenging its claim to be a "clean fuels" company, has been ongoing since 2021.

New eurozone rate cut expected as Trump trade war weighs
New eurozone rate cut expected as Trump trade war weighs
by  AFP

US President Donald Trump's tariff blitz, persistent growth worries and slowing inflation are expected to prompt eurozone rate-setters to lower borrowing costs again on Thursday. The ECB is expected to cut its inflation predictions when it releases its own new economic forecasts Thursday, with most observers now believing that Trump's tariffs will add to downward pressure.

Gamers get hold of Nintendo's hotly awaited Switch 2
Gamers get hold of Nintendo's hotly awaited Switch 2
by  AFP

Gamers on Thursday finally got their hands on Nintendo's new Switch 2 console, which could score record early sales for the Japanese "Super Mario" creator. Serkan Toto from Tokyo consultancy Kantan Games said he "would not be surprised to see Switch 2 breaking sales records in the next weeks and months".