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Swiss president rushes to US to avert steep tariffs
Swiss president rushes to US to avert steep tariffs
by  AFP

Switzerland's president and economy minister were due to fly to Washington on Tuesday in a last-minute push to stop steep new tariffs that have blindsided the Alpine country. "For this reason," the president and the economy minister "are to travel to Washington on Tuesday".

German car sales jump in July but market still weak
German car sales jump in July but market still weak
by  AFP

New car sales in Germany posted a big rise in July, official data showed Tuesday, but analysts warned against sounding the all-clear for Europe's top auto market. BYD sold 1,126 cars in Germany in July 2025, the KBA figures showed, a rise of almost 400 percent year-on-year and more than the 1,110 that Elon Musk's Tesla managed.

Guinness owner Diageo ups savings as US tariffs hit
Guinness owner Diageo ups savings as US tariffs hit
by  AFP

Diageo, the maker of Guinness stout and Smirnoff Vodka, reported Tuesday a sharp drop in annual net profit and raised its cost-savings targets as US tariffs hit. Its annual profit was hit also by restructuring costs and impairment charges.

Oil giant BP surprises with better than expected earnings
Oil giant BP surprises with better than expected earnings
by  AFP

Oil giant BP, which recently pivoted away from green energy, posted Tuesday better-than-expected quarterly earnings and announced a fresh review of costs. As did oil giant Saudi Aramco, which on Tuesday announced its 10th straight drop in quarterly profits as a slump in prices hit revenues.

Oil giant BP returns to profit in second quarter
Oil giant BP returns to profit in second quarter
by  AFP

British energy group BP on Tuesday posted a net profit for the second quarter, in contrast to weaker results from energy rivals, as lower exceptional charges offset falling oil prices. - Sector woes - By contrast, French rival TotalEnergies and US groups ExxonMobil and Chevron posted heavy falls to their net profit in the second quarter.

Saudi Aramco profit drops for 10th straight quarter
Saudi Aramco profit drops for 10th straight quarter
by  AFP

Oil giant Saudi Aramco announced its 10th straight drop in quarterly profits on Tuesday as a slump in prices hit revenues, putting more pressure on the key driver of the Saudi economy. "The decrease in revenue was mainly due to lower crude oil prices and lower refined and chemical products prices," Aramco said in its quarterly report.

Saudi Aramco profit drops 22 percent on lower prices
Saudi Aramco profit drops 22 percent on lower prices
by  AFP

Saudi Aramco's profit slid 22 percent in the second quarter to 85 billion riyals ($22.67 billion) as a slump in prices hit revenues, the oil giant said on Tuesday. The Gulf oil major was trading at 23.91 riyals on Tuesday, 12 percent below the 27.35 riyals price of its secondary share offering last year.

Gen Z shift, high costs force UK nightclubs to reinvent
Gen Z shift, high costs force UK nightclubs to reinvent
by  AFP

Is the party over? The capital remains an "exciting" city, 25-year-old Carys Bromley who recently moved to London from the island of Guernsey, told AFP. "There's a lot of parties, clubs, and a big nightlife.