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Tesla to cut hundreds more jobs in Musk cost push: report
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.
Gaza boycott continues to weigh on McDonald's sales
McDonald's reported a modest increase in quarterly profits Tuesday despite a boycott stemming from the Middle East conflict expected to drag on sales for the foreseeable future.
G7 to phase out coal-fired power plants by mid-2030s
G7 ministers agreed a timeframe Tuesday for phasing out coal-fired power plants, setting as a goal the mid-2030s, in a move hailed as significant by some environmentalists but slammed as "too late" by others.
Iconic French painting to make comeback in true colours
A world-famous painting of a bare-chested woman leading French revolutionaries is this week to reveal its true colours after restorers cleansed it from decades of varnish and grime.
Changpeng Zhao, the 'normal guy' who conquered crypto
During his time at the helm of the world's biggest cryptocurrency firm, former Binance boss Changpeng Zhao, who will be sentenced in the United States later Tuesday for money laundering, perfected the humble executive look.
European satellite giant SES to buy US rival Intelsat
European satellite group SES will acquire US rival Intelsat for $3.1 billion, the companies said Tuesday, seeking to compete in a race for space-based internet service led by Elon Musk's Starlink.
Chinese tech giant Huawei profit surges 564%, biting into Apple sales
Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China.
Abu Dhabi-backed group ends Telegraph takeover bid
An Abu Dhabi-backed group planning to take over Britain's Telegraph Media Group (TMG) said Tuesday it will withdraw and sell on the business after the UK government moved to block the deal.
Eurozone stocks sag on strong euro as region exits recession
Eurozone equities sagged Tuesday, weighed down by the strong euro as investors digested bright economic news, while London hit another record peak on earnings-driven optimism.
UK to deport 5,700 migrants to Rwanda this year
The UK expects to deport 5,700 migrants to Rwanda this year, a senior minister said Tuesday, after the government published new details on the controversial plan.
EU probes Facebook, Instagram over election disinformation worries
The EU on Tuesday launched an investigation into Meta's Facebook and Instagram over concerns the platforms are failing to counter disinformation ahead of EU elections in June.
Eurozone economy rebounds in first quarter, inflation stable in April
The eurozone economy emerged from recession with greater than expected growth in the first quarter of 2024 and inflation under control, official data showed Tuesday.
HSBC announces surprise retirement of chief executive
Global bank HSBC announced Tuesday the shock departure of chief executive Neil Quinn, who will retire after overhauling the group in an "intense" five-year tenure weathering a Covid fallout, simmering geopolitics, and shareholder pressure to spin off Asia assets.
Most Asian markets build on Wall St rally, yen holds rebound
Markets mostly rose Tuesday following advances on Wall Street, while the yen held gains after the previous day's sharp swings and focus turned to the Federal Reserve's upcoming policy decision.
Plastic pollution talks move closer to world-first pact
A fourth and penultimate round of UN-led negotiations to solve global plastic pollution wrapped up in Ottawa early on Tuesday with a world-first pact said to be within reach by year's end but without a cap on the production of polymers.
Dying salmon trouble Norway's vast fish-farm industry
They are hailed for their omega-3 fatty acids and micronutrients, but Norway's salmon are not in the best of health themselves at the fish farms where they are bred.
Microsoft CEO pledges $1.7 bn AI, cloud investment in Indonesia
Microsoft's chief executive officer met the president of Indonesia on Tuesday, pledging a $1.7 billion investment in artificial intelligence and cloud computing to help develop the archipelago's AI infrastructure.
HSBC says chief executive Noel Quinn 'to retire'
Banking giant HSBC said Tuesday that chief executive Noel Quinn would retire after overseeing a "successful transformation" of the firm and record profits during his almost five years in charge.
L'Occitane stocks surge in Hong Kong after privatisation offer
Shares in French skincare giant L'Occitane jumped almost 13 percent in Hong Kong on Tuesday as they resumed trading after its owner offered to take it private.
Asian markets build on Wall St rally, yen holds bounce
Asian markets extended a rally Tuesday following advances on Wall Street, while the yen held gains after the previous day's sharp swings and focus turned to the Federal Reserve's upcoming policy decision.
Asia's first spot bitcoin, ether ETFs start trading in Hong Kong
Hong Kong on Tuesday launched trading of Asia's first spot bitcoin and ether exchange-traded funds (ETFs), moving forward in the city's race to become a regional virtual asset investment hub.
Ex-Binance chief set for sentencing in US court
US federal prosecutors are calling for ex-Binance chief Changpeng Zhao to be sent to prison when he appears Tuesday for sentencing on money laundering charges.
Indian forest activist at the coalface of mining battle
Deep in an Indian forest, activist Alok Shukla greets friendly faces among a small band of protesters sitting in the way of plans to turn the surrounding wilderness into coal mines.
Poor Bogota suburb wows tourists with street art
On Sundays in Ciudad Bolivar, one of Bogota's poorest neighborhoods, residents are treated to the incongruous sight of tourists riding the cable car that on weekdays transports thousands of workers to their jobs.
New post-Brexit controls: a thorn for UK horticulture
Yuccas from Spain, rhododendrons from Germany or Dutch hazelnut trees -- flowers and plants arriving at UK ports from the European Union face tougher post-Brexit border checks from Tuesday, meaning delays and extra costs for importers.
Samsung says Q1 operating profits soar nearly tenfold on-year
Samsung Electronics said Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year -- a 931.8 percent increase -- amid recovering chip prices and growing demand.
NATO chief says Ukraine can still win war despite Russian advances
NATO chief Jens Stoltenberg on Monday said it was "not too late" for Ukraine to win the war, despite its outmanned and outgunned military struggling in the face of Russian advances while waiting for stalled weapons deliveries from allies.
Mining giants Vale, BHP propose $25 bn settlement over Brazil dam collapse
Mining giants Vale and BHP have proposed paying a nearly $25 billion settlement over a 2015 dam collapse in Brazil that killed 19 people and flooded dozens of towns, Vale said Monday.
Walrus dies from bird flu on Arctic island: researcher
The first case of a walrus dying from bird flu has been detected on one of Norway's Arctic islands, a researcher said Monday.
US stocks rise on tech outlook as yen rebounds
The yen rebounded Monday from a 34-year low against the dollar after what some traders speculate could have been the first intervention by Japanese authorities to support the weakening currency since late 2022.
World Central Kitchen resuming Gaza work after 7 staff killed
The World Central Kitchen nonprofit, which supplied meals in Gaza until seven of its aid workers were killed by an Israeli strike nearly a month ago, is to resume operations, its CEO said.
G7 to commit to reducing plastic production: French ministry
The G7 is expected to commit to reducing plastic production in order to tackle the global scourge of pollution, France's ecological transition ministry said Monday.
Yen swings after hitting new 34-year low; stocks mixed
The yen swung in volatile trade Monday as it rebounded soon after hitting a 34-year low against the dollar, fuelling speculation Japanese authorities had intervened to support the currency for the first time since late 2022.
Filipino farmers struggle as drought and heatwave hits
Filipino farmer Daniel Velasco pumps water from a well in a desperate attempt to save his wilting vegetables, as a scorching heatwave and the worst drought in years hits crops.
Blackstone strikes chord with $1.6 bn bid for UK music firm
Struggling UK music rights owner Hipgnosis Songs Fund agreed Monday to an improved $1.6-billion takeover from US private equity firm Blackstone, which trumped a rival bid from Concord.
Yen swings after hitting new 34-year low, stocks rally
The yen swung wildly Monday as it surged soon after hitting a fresh 34-year low against the dollar, fuelling speculation Japanese authorities may have intervened to support the currency for the first time since late 2022.
Yen rebounds after hitting 34-year low past 160 per dollar
The yen surged after diving to a new 34-year low past 160 per dollar on Monday as a forecast-beating US inflation reading dented expectations for Federal Reserve interest rate cuts this year.
Musk leaves Beijing after Tesla wins key China security clearance
Tech billionaire Tesla CEO Elon Musk boarded a plane departing Beijing on Monday, an AFP journalist said, after a whistlestop visit that saw his firm win a key data security clearance from Chinese authorities.
Yen sinks to 34-year low past 160 per dollar
The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year.