
Economy







A man who allegedly set fire to five Teslas and sprayed them with bullets from a semi-automatic rifle appeared in a US court Thursday to face federal arson charges, the Department of Justice said. He faces up to 20 years in prison on the arson charge alone.

World powers on Thursday blasted US President Donald Trump's steep tariffs on imported vehicles and parts, vowing retaliation as trade tensions intensify and price hikes appear on the horizon.

The 25 percent tariffs on automobiles announced by President Donald Trump are meant to revitalize American industry, but Detroit's giants were stunned Thursday by their scale and faced a beating on Wall Street. Parts not originally manufactured in the United States will face 25 percent tariffs just like finished foreign vehicles.

In a bid to escape financial woes, French games giant Ubisoft said Thursday it was creating a new subsidiary around its most popular franchises such as "Assassin's Creed" in partnership with China's Tencent. Alongside "Assassin's Creed", the subsidiary will bring together "Far Cry" and "Tom Clancy's Rainbow Six" -- among the most popular long-running names in Ubisoft's roster of game universes.

Argentina has sought a $20 billion loan from the International Monetary Fund, the country's economy minister said Thursday, as the government struggles to hold on to foreign reserves while propping up an ailing currency.

The BBC launched a UK-wide poll on Thursday asking audiences for their views on its future, as the cash-strapped British public broadcaster braces for a funding review. But the BBC's current royal charter -- which sets out its public purposes and funding -- ends in 2027, and culture secretary Lisa Nandy has said the government will use a scheduled review to consider how the organisation is funded.

Mexico said Thursday that it wanted preferential treatment if US President Donald Trump goes ahead with steep car tariffs, vowing a "comprehensive response" to Washington's duties. Sheinbaum said that Mexico would wait until early April -- when Trump has promised reciprocal tariffs tailored to each US trading partner -- before giving a "comprehensive response."

President Donald Trump's tariffs on auto imports will deal a heavy blow to European carmakers, especially German manufacturers, which rely on the US markets for a big chunk of their profits.

The release of the latest image generator on OpenAI's ChatGPT has triggered an online flood of memes featuring images done in the style of Studio Ghibli, the Japanese studio behind classic animated films like "My Neighbor Totoro" and "Princess Mononoke."
Economy
Load more