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Trump's champagne threat brings fear and denial to French region
Trump's champagne threat brings fear and denial to French region
by  AFP

US President Donald Trump's threat of 200-percent tariffs on wine, champagne and other alcoholic drinks from EU countries is proving hard to swallow in France's champagne region. But while Trump's threat was "very unfortunate", she said it was hard to believe it would stick.

French finance minister calls trade war 'idiotic', plans US trip
French finance minister calls trade war 'idiotic', plans US trip
by  AFP

France's Finance Minister Eric Lombard called the escalating US-EU trade war "idiotic" on Friday and said he would soon travel to the United States after Washington threatened huge tariffs against French wine and champagne. "By doing this, the United States is hurting itself," Lombard said, describing what he called an "idiotic war".

Taiwan tech giant Foxconn's 2024 profit misses forecasts
Taiwan tech giant Foxconn's 2024 profit misses forecasts
by  AFP

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust. Apple said recently it would team up with Foxconn later this year to begin producing servers that power the cloud components of Apple Intelligence in Houston, Bloomberg reported.

UK economy unexpectedly shrinks in January in blow to govt
UK economy unexpectedly shrinks in January in blow to govt
by  AFP

Britain's economy unexpectedly shrank in January, official data showed Friday, piling more pressure on the Labour government ahead of its Spring Statement on the economy. The data provides a fresh blow to the government and Prime Minister Keir Starmer, who has put growing the UK economy at the top of his mission since Labour won a general election in July.