BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy. It warns that such measures "threaten to further reduce global trade" and are "affecting the prospects for global economic development."
Australian airline Qantas said Wednesday it was investigating a "significant" cyberattack, after hackers infiltrated a system containing sensitive data on six million customers. "We are continuing to investigate the proportion of the data that has been stolen, though we expect it will be significant."
Indian exporters are anxiously eyeing the possible reintroduction of Donald Trump's punishing tariffs next week, though many hold out hope for a last-minute reprieve. "Currently, exporters believe they can manage with a 10 percent tariff, as it can be absorbed.
The fate of a landmark trade deal with the European Union, which France is trying to block, looms large over a summit this week of South America's Mercosur bloc. - 'Lowest ebb' - The biannual Mercosur summit comes at a low point in relations between Brazil and Argentina, South America's biggest and second-biggest economies respectively.
A nickel stockpile towers over farmer Moharen Tambiling's rice paddy in the Philippines' Palawan, evidence of a mining boom that locals hope a new moratorium will tame. For some in Palawan, the demand for nickel to power EVs has a certain irony.
A week before US President Donald Trump reimposes steep tariffs on dozens of economies, including the EU and Japan, many are still scrambling to reach a deal that would protect them from the worst. This week, EU trade chief Maros Sefcovic is in Washington in a push to seal a trade deal, with the EU commission having received early drafts of proposals that officials are working on. bys/sla
Several leading automakers including Detroit giants General Motors and Ford reported increased US car sales in the second quarter on Tuesday as consumers fast-forwarded purchases ahead of US tariffs.
The Lagos state ban targets plastic materials below 40 microns, because they pose major environmental threats, clog the drainage channels and pollute the ecosystem.
The French football league (LFP) announced on Tuesday the creation of its own channel to broadcast Ligue 1 matches next season, after clubs voted in favour of ending a deal with DAZN. An agreement was struck for a "TV and digital platform entirely dedicated to Ligue 1" following a meeting of club presidents, the LFP's board of directors and representatives of its commercial arm, LFP Media.
In a move to support the federal government's project and transition Nigeria to cleaner, safer energy, BUA group has partnered to distribute free cylinders.
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