Economy

Economy Latest News

Mexican farmer protest blocks US border bridge
Mexican farmer protest blocks US border bridge
by  AFP

Hundreds of farmworkers and truck drivers blocked the Mexican side of a major border bridge with the United States on Monday as part of an ongoing national farmers' strike. The protest blocked the Zaragoza-Ysleta International Bridge, which connects the US city of El Paso, Texas with Mexico's Ciudad Juarez.

BBC launches hunt for new boss as Trump row rumbles on
BBC launches hunt for new boss as Trump row rumbles on
by  AFP

The BBC on Monday formally launched its search for a new chief following the resignation of Tim Davie over a misleading edit of Donald Trump that sparked a row with the US president. BBC chair Samir Shah on Monday told a parliamentary committee looking into what went wrong over the Trump edit that news chief Deborah Turness was right to resign over the "error in her division".

Italian fashion titan Zegna to hand over power
Italian fashion titan Zegna to hand over power
by  AFP

Gildo Zegna, grandson of the eponymous fashion brand's founder Ermenegildo Zegna, will hand over the reins of the group to its finance director and the fourth generation of family leaders in January, the group announced Monday.

AI delay may affect Europe's future, says ECB chief
AI delay may affect Europe's future, says ECB chief
by  AFP

European Central Bank chief Christine Lagarde warned Monday that a delay in embracing artificial intelligence could "jeopardise" the continent's future, urging barriers to its adoption to be swiftly lifted. "Otherwise we risk letting the wave of AI adoption pass us by and jeopardise Europe's future."

Germany business morale falls as hopes for revival dim
Germany business morale falls as hopes for revival dim
by  AFP

German business sentiment fell more than expected in November, a survey showed Monday, the latest sign that industry is losing faith in the government's plans to revive the economy. In the latest Ifo survey, companies' expectations for the future fell particularly heavily, which LBBW bank economist Jens Oliver-Niklasch described as alarming.

EU says will push US to lower steel tariffs
EU says will push US to lower steel tariffs
by  AFP

The EU will Monday urge the United States to implement more of the transatlantic trade deal struck in July, including cutting tariffs on steel, during talks in Brussels with US Commerce Secretary Howard Lutnick.

UK budget tests Labour govt's credibility
UK budget tests Labour govt's credibility
by  AFP

Britain's centre-left Labour government unveils its annual budget Wednesday, with expected tax rises to curb debt and fund public services threatening to further dent its weak poll ratings. Reeves hiked a tax on businesses in her inaugural budget last year -- a move that has been blamed for Britain's weak economic growth.