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Europe 'well positioned' for future shocks: ECB's Lagarde
Europe 'well positioned' for future shocks: ECB's Lagarde
by  AFP

Europe, under pressure from US tariffs and the war in Ukraine, is in a strong position to weather the next economic storm, ECB President Christine Lagarde said Thursday. "We have to face key risk in quantities that we could not anticipate," she said, citing, among other things, customs pressures and the ongoing war in Ukraine.

BBVA's Sabadell takeover bid fails: Spanish regulator
BBVA's Sabadell takeover bid fails: Spanish regulator
by  AFP

Spanish banking giant BBVA's hostile takeover bid for smaller rival Sabadell has failed, the stock market regulator announced on Thursday, dashing BBVA's hopes of creating a new European sector colossus. The leadership of Sabadell, Spain's fourth-largest bank, had persistently rejected BBVA's advances and recommended its plethora of small shareholders reject the bid.

'Battlefield' video game sees big-time sales
'Battlefield' video game sees big-time sales
by  AFP

The latest installment of military video game "Battlefield" hit the market with sales rivaling that of blockbuster rival "Call of Duty," publisher Electronic Arts (EA) announced on Thursday. That is on par with sales reported for the October 2024 debut of the most recent "Call of Duty" game, a new installment of which is set for release next month.

US budget deficit narrows just slightly despite tariff revenues
US budget deficit narrows just slightly despite tariff revenues
by  AFP

The US budget deficit narrowed just slightly over the past year, official data showed Thursday -- despite a surge in customs revenues, which hit a record as President Donald Trump imposed wide-ranging tariffs since January. Trump has repeatedly trumpeted the tariff revenues his administration has collected this year.

Waymo robotaxis to deliver orders for some US DoorDash users
Waymo robotaxis to deliver orders for some US DoorDash users
by  AFP

US food delivery app DoorDash announced Thursday that Waymo driverless cars will soon shuttle orders to some customers in a budding partnership with the Google-owned robotaxi star. When orders arrive in Waymo cars, customers will be able to retrieve their items by opening the trunk with their DoorDash app.

Johnson & Johnson faces UK lawsuit over talc cancer claim
Johnson & Johnson faces UK lawsuit over talc cancer claim
by  AFP

Thousands of UK claimants have filed legal action against US pharmaceutical and cosmetics giant Johnson & Johnson alleging people diagnosed with cancers were exposed to asbestos in its talcum powder, lawyers said Thursday.

US Fed chair contender backs October rate cut
US Fed chair contender backs October rate cut
by  AFP

A top contender to run the US Federal Reserve threw his support Thursday behind a quarter-point rate cut later this month, claiming he believed inflation would soon cool. Cooling growth would support another cut, while doing so if the labor market strengthens could would risk reigniting inflation.

Armani names executive close to designer as new CEO
Armani names executive close to designer as new CEO
by  AFP

The Armani Group on Thursday named a senior manager who worked alongside Giorgio Armani to take over as chief executive of the luxury empire following the designer's death. For the past six years he had been reporting directly to Armani as deputy general manager and global chief commercial officer of the group.