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Trump, Intel announce deal giving US a 10% stake in chipmaker
Trump, Intel announce deal giving US a 10% stake in chipmaker
by  AFP

Chipmaker Intel has agreed to give the US government a 10-percent stake in its business, the company and President Donald Trump announced Friday. Referring to a meeting with Intel last week, Trump told reporters Friday: "I said, I think you should pay us 10 percent of your company."

German, French post offices restrict packages to US over tariffs
German, French post offices restrict packages to US over tariffs
by  AFP

The postal services of Germany and France on Friday announced a raft of restrictions on package deliveries to the United States due to tariffs imposed by President Donald Trump. In April, DHL said it was suspending delivery of packages to the United States with a value in excess of $800.

TikTok's UK content moderation jobs at risk in AI shift
TikTok's UK content moderation jobs at risk in AI shift
by  AFP

Social media platform TikTok announced on Friday it will restructure its UK trust and safety operations, putting several hundred jobs at risk as it shifts to AI-assisted content moderation. TikTok in June announced plans to increase investment in the UK, its biggest community in Europe, with the creation of 500 more jobs.

Pressure on Merz as Trump tariffs hit German economy
Pressure on Merz as Trump tariffs hit German economy
by  AFP

Germany's economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor Friedrich Merz to turn Europe's top economy around.

Australia orders audit of crypto trading giant Binance
Australia orders audit of crypto trading giant Binance
by  AFP

Australia has ordered the local arm of the world's largest cryptocurrency exchange, Binance, to appoint an external auditor after identifying "serious concerns" with its money laundering and terrorism financing controls.

US wine sellers left in limbo despite EU tariff deal
US wine sellers left in limbo despite EU tariff deal
by  AFP

At a wine shop in Washington's Capitol Hill neighborhood, bottles sourced from Europe are becoming costlier to import -- and soon, pricier for customers to buy, the owner says -- thanks to a resident just down the road in the White House. "Everybody's redoing their price books at this point," said Michael Warner, co-owner of wine boutique DCanter in Washington's Capitol Hill neighborhood.