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'Assassin's Creed' no saviour for struggling Ubisoft
'Assassin's Creed' no saviour for struggling Ubisoft
by  AFP

A bumper release for the latest "Assassin's Creed" instalment did not save French video games giant Ubisoft from falling back into the red in its 2024-25 financial year, the company said on Wednesday.

China, US slash sweeping tariffs in trade war climbdown
China, US slash sweeping tariffs in trade war climbdown
by  AFP

The United States and China slashed sweeping tariffs on each others' goods for 90 days on Wednesday, marking a temporary de-escalation in a brutal trade war that roiled global markets and international supply chains. China said Wednesday it was suspending certain non-tariff countermeasures too for 90 days, according to a commerce ministry spokesperson.

Trump drug price plan could nix investment, warns Roche
Trump drug price plan could nix investment, warns Roche
by  AFP

President Donald Trump's plans to dramatically slash drug prices for Americans could make Swiss pharmaceutical giant Roche cancel major investments in the United States, it said Wednesday. Swiss newspaper NZZ reported Trump's move could lead Roche to reassess plans it announced just last month to invest $50 billion in the United States over five years.

Merz vows to rev up German economic 'growth engine'
Merz vows to rev up German economic 'growth engine'
by  AFP

German Chancellor Friedrich Merz on Wednesday pledged reforms and investment for Europe's biggest economy to transform it once again into a "growth engine" after two years of recession. "We can, through our own efforts, became a growth engine once again that the world looks up to with admiration."