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Why is Trump lashing out at Brazil?
Why is Trump lashing out at Brazil?

US President Donald Trump has announced a 50 percent tariff on Brazilian imports as he accused the country's leftist leadership of orchestrating a "witch hunt" against his right-wing ally, former leader Jair Bolsonaro. Bolsonaro calls Trump a "friend" and says they are both victims of "persecution."

by  AFP

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'Dark lull' in German energy transition sparks political debate
'Dark lull' in German energy transition sparks political debate
by  AFP

As Germany heads for February 23 elections the grey winter weather has become a hot campaign topic because of its impact on the country's shaky green energy transition. The Scholz government defended the green energy transition despite the occasional "temporary phenomenon" of a dark lull that can drive up prices on the spot market.

EU, Swiss hail 'historic' new deal resetting relations
EU, Swiss hail 'historic' new deal resetting relations
by  AFP

The European Union and Switzerland announced Friday they had sealed a new set of agreements aimed at recalibrating relations between the two neighbours. Relations plunged when Switzerland suddenly slammed the door on the talks in 2021.

Ex-IMF chief Rato gets four-year jail term in Spain for tax crimes
Ex-IMF chief Rato gets four-year jail term in Spain for tax crimes
by  AFP

A Madrid court sentenced ex-IMF chief and Spanish economy minister Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption, it said Friday. A second defendant, Domingo Plazas, was sentenced to 18 months in prison for money laundering and collaborating in two of Rato's tax offences.

Spain orders 25 more Eurofighter jets from Airbus
Spain orders 25 more Eurofighter jets from Airbus
by  AFP

Spain has ordered another 25 advanced Eurofighter jets from European aerospace giant Airbus in the NATO member's drive to modernise its air force, the defence ministry said on Friday. The order "secures the supply chain in Spain and across Europe", said Mike Schoellhorn, chief executive of Airbus Defence and Space.

Fed's favored inflation gauge rises again in November
Fed's favored inflation gauge rises again in November
by  AFP

The Federal Reserve's preferred inflation measure rose for a second straight month in November, according to government data published Friday, although the increase came in a touch below expectations. The personal consumption expenditures (PCE) price index rose 2.4 percent in the 12 months to November, up from 2.3 percent in October, the Commerce Department said in a statement.

US hours from government shutdown over Christmas
US hours from government shutdown over Christmas
by  AFP

US lawmakers raced Friday to prevent a government shutdown due to bite within hours, after Donald Trump and Elon Musk sabotaged a bipartisan agreement that would have kept the lights on well beyond Christmas. "If there is going to be a shutdown of government, let it begin now, under the Biden Administration," Trump said on social media early Friday, seeking to avoid blame for the chaos.