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Spain moves to slash working week to 37.5 hours
Spain moves to slash working week to 37.5 hours
by  AFP

Spain's minority leftist government on Tuesday approved a plan to reduce the working week to 37.5 hours in one of the world's fastest-growing developed economies. The Socialists committed to reduce the working week from 40 hours to 37.5 hours without any loss of salary by the end of 2025 as part of their 2023 coalition deal with the far-left party Sumar.

Ferrari reports another record-breaking year
Ferrari reports another record-breaking year
by  AFP

Italian luxury carmaker Ferrari posted another set of record results on Tuesday, with net profit surging to more than 1.5 billion euros last year. Ferrari had already posted a net profit for 2023, up 34 percent to 1.25 billion euros.

Ordinary Chinese stoic in the face of escalating US trade war
Ordinary Chinese stoic in the face of escalating US trade war
by  AFP

After China announced retaliatory tariffs against the United States, walkers along Shanghai's waterfront were stoic Tuesday in face of both the cold and the prospect of an escalating trade war. "The United States has been carrying out some very severe measures and policies against China.

Scottish whisky makers fear return of Trump tariffs
Scottish whisky makers fear return of Trump tariffs
by  AFP

At the end of a wild peninsula battered by winds in west Scotland is a zero-carbon whisky distillery that's bracing for the possible return of US tariffs. Geopolitical trade tensions feel far away from the small Nc'nean distillery, tucked away in Drimnin on the sparsely populated Morvern peninsula, western Scotland.

Rare earths: strategic metals key to future technologies
Rare earths: strategic metals key to future technologies
by  AFP

Rare earths, which President Donald Trump hopes to secure from Ukraine as part of a deal for US aid, are strategic metals essential for industries developing computers, batteries, and cutting-edge energy technology.