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US Supreme Court appears skeptical of Trump tariff legality
US Supreme Court appears skeptical of Trump tariff legality
by  AFP

A majority of US Supreme Court justices appeared deeply skeptical of the legality behind a swath of Donald Trump's tariffs as they heard a landmark case Wednesday that could uphold -- or upend -- the president's economic agenda. A lower court ruled in May that he had exceeded his authority, with the case ultimately making its way to the Supreme Court.

Promotions lift McDonald's sales in tricky consumer market
Promotions lift McDonald's sales in tricky consumer market
by  AFP

Fast-food giant McDonald's scored solid sales growth Wednesday following promotions to attract struggling consumers, with company shares rising despite profits missing expectations. To secure support for the promotions from McDonald's franchisees, the company is financing half the cost of promotion, said Chief Financial Officer Ian Borden.

BMW reports rising profitability, shares jump
BMW reports rising profitability, shares jump
by  AFP

BMW on Wednesday reported rising profitability in the last quarter despite slowing Chinese sales and the impact of tariffs, offering some rare good news for Germany's beleaguered auto sector. - 'Volatile' chip supply - But BMW, whose brands also include Mini and Rolls-Royce, is not immune to the current turmoil in the European auto sector.

Brussels wants high-speed rail linking EU capitals by 2040
Brussels wants high-speed rail linking EU capitals by 2040
by  AFP

The European Commission Wednesday unveiled twin initiatives aimed at slashing transport carbon emissions across the continent -- by expanding high-speed rail links and boosting sustainable fuels for aviation and shipping.

Swiss business chiefs met Trump on tariffs: Bern
Swiss business chiefs met Trump on tariffs: Bern
by  AFP

Swiss business leaders have met US President Donald Trump to draw his attention to the toll that steep tariffs are taking on their companies, Switzerland's government said Wednesday. It had "been informed that several Swiss business leaders requested and obtained a meeting with US President Donald Trump", it added in a statement.

Swedish authorities inspect worksite conditions at steel startup Stegra
Swedish authorities inspect worksite conditions at steel startup Stegra
by  AFP

Officials from several government agencies conducted a surprise inspection of steelmaker Stegra's construction site in northern Sweden Wednesday, following questions about the finances of the low-carbon start-up, police told AFP. As well as the police, representatives from the Swedish Work Environment Authority and the Swedish Tax Agency, were among those who visited the company's Boden site.

Shein opens first permanent store amid heavy police presence
Shein opens first permanent store amid heavy police presence
by  AFP

Paris authorities on Wednesday deployed riot police for the unveiling of Shein's first bricks and mortar store in the world, as controversy swirled over the Asian e-commerce giant's fast fashion and sale of childlike sex dolls online. Just days before the planned opening, a new controversy erupted over the sale of childlike sex dolls on Shein's platform.