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Small parcels in limbo as Trump moves to end US tariff exemption
Small parcels in limbo as Trump moves to end US tariff exemption
by  AFP

An approaching US deadline to end tariff exemptions on small parcels has tripped up global deliveries to the world's biggest economy, with businesses halting shipments to American consumers and mulling price hikes. Massicotte said: "This tariff war is just going to hurt the American and the Canadian consumer, especially small business owners." bys/bgs

Swiss economy set to slow due to US tariffs
Swiss economy set to slow due to US tariffs
by  AFP

The Swiss economy will likely grow more slowly than previously expected next year due to the massive import tariffs imposed by US President Donald Trump, the economy ministry said Thursday.

Asian markets mixed after Nvidia earnings
Asian markets mixed after Nvidia earnings
by  AFP

Asian markets were mixed Thursday after AI powerhouse Nvidia's quarterly earnings beat expectations, but its shares slipped over worries about the company's stalled business in China. The earnings report comes amid market worries about an AI spending bubble that could burst and hurt the chip giant's fortunes.

Norway, environmentalists back in court over oil field permits
Norway, environmentalists back in court over oil field permits
by  AFP

The Norwegian state and environmental groups face off in court again Thursday over three oil fields ruled illegal last year due to insufficient environmental impact studies. The state said the operators of the fields, Equinor and Aker BP, had conducted additional impact studies to address concerns raised in the lower court's ruling.

Qantas says profits up, strong travel demand ahead
Qantas says profits up, strong travel demand ahead
by  AFP

Qantas Airways said Thursday it lifted annual net profit and saw a bright outlook for travel demand, days after it was fined for illegally firing staff during the Covid-19 pandemic. Last week, an Australian court fined Qantas Aus$90 million for unlawfully laying off 1,800 ground staff during the Covid-19 pandemic.