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7-Eleven owner shares plunge as family buyout fails
7-Eleven owner shares plunge as family buyout fails
by  AFP

Shares in the Japanese owner of 7-Eleven plunged as much as 12 percent on Thursday after the convenience store giant said its founding family failed to put together a white-knight buyout. - 'Grossly undervalued' - With around 85,000 outlets, 7-Eleven is the world's biggest convenience store brand.

Tesla owners sour on Musk's venture into US politics
Tesla owners sour on Musk's venture into US politics
by  AFP

Tom Blackburn was so proud of his Tesla, he even bought one in bright red to stand out. "I'm just a little embarrassed to be driving it at this point," retired attorney Blackburn told AFP of the Tesla he bought more than a decade ago.

US Fed will 'adapt' to any policy changes, Chicago's Goolsbee says
US Fed will 'adapt' to any policy changes, Chicago's Goolsbee says
by  AFP

The US Federal Reserve will "adapt" to policy changes made by the administration of US president Donald Trump, but would struggle to "disentangle" how those changes affect inflation from other factors impacting the American economy, a senior bank official said Wednesday.

Trump ends Chevron permit in major blow to Venezuela
Trump ends Chevron permit in major blow to Venezuela
by  AFP

US President Donald Trump said Wednesday he was revoking permission for oil giant Chevron to operate in Venezuela, a major blow to the wobbly economy run by leftist adversary Nicolas Maduro. Former president Joe Biden in 2022 eased sanctions and gave Chevron permission to operate in Venezuela in return for a promise by Maduro to allow fair elections.

EU was born to 'screw' US, Trump says
EU was born to 'screw' US, Trump says
by  AFP

President Donald Trump said Wednesday that the European Union was born to "screw" the United States, laying bare his hostility to the longtime US partner as he detailed new tariffs. "Look, let's be honest, the European Union was formed in order to screw the United States," Trump told reporters as he gathered his cabinet for the first time.

Trump's trade envoy Jamieson Greer confirmed by lawmakers
Trump's trade envoy Jamieson Greer confirmed by lawmakers
by  AFP

US lawmakers voted Wednesday to confirm lawyer Jamieson Greer as Donald Trump's trade envoy, rounding out the president's top economic team with a key figure in tariff policy as the president threatens levies on friend and foe alike. Greer, a partner at law firm King & Spalding, served as chief of staff to Trump's top trade negotiator Robert Lighthizer during the president's first term.