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LONDON -Associated British Foods said the boss of its Primark clothing business, Paul Marchant, had resigned with immediate effect following an allegation made by an individual about his behaviour towards her in a social environment. Primark, the successful fast fashion…
European shares fell on Monday, as cautious investors fled risky bets after U.S. President Donald Trump said that tariffs would target all countries, fuelling fears of a global economic slowdown. The pan-European STOXX 600 index fell 1.2%, as of 0709…
PARIS – Apple was hit with a 150 million euro ($162.42 million)fine by French antitrust regulators on Monday for abusing its dominant position in mobile app advertising on its devices between 2021 and 2023 thanks to a privacy control tool….
LONDON – Virgin Atlantic, the British airline majority owned by Richard Branson, said it returned to profitability for the first time since the pandemic last year. For 2024, Virgin Atlantic, which is 49%-owned by Delta Air Lines, posted pretax profit…
German retail sales in February exceeded expectations but a rise in import prices indicated a looming inflation surge, potentially dampening consumer spending, according to data published on Monday. Retail sales rose by 0.8% compared with the previous month, data showed…
SEOUL -Several airlines have updated their guidance on carrying lithium batteries onboard. The batteries are in devices such as cellphones and e-cigarettes, and can malfunction to produce smoke, fire or extreme heat. In 2024, three incidents of overheating lithium batteries…
BEIJING -A tie-up between a Chinese research institute and tech company said on Monday that it aims to implant its brain chip into 13 people by the end of this year, in a move that could see it overtake Elon…
BRASILIA- Brazil’s central bank’s monetary policy director said on Monday that policymakers “strongly believe” that long-term unachored inflation expectations are due to concerns over potential fiscal surprises. Speaking at an event hosted by Itau BBA, Nilton David also said the…
Russia bombed the city of Kharkiv in northeastern Ukraine for the second night in row, injuring two people, sparking fires and damaging a kindergarten and private houses, Ukrainian officials said early on Monday. The attacks on Kharkiv, Ukraine’s second-largest city,…
ROME – A fire broke out overnight at a Tesla dealership in Rome destroying 17 cars, firefighters said on Monday. They did not say what started the blaze. Italian news agencies said investigators were looking into various possible causes, including…
JERUSALEM – Israel has proposed an extended truce in Gaza in exchange for the return of about half the remaining hostages, Israeli officials said on Monday, as the military issued new evacuation orders and said “intense operations” were planned in…
LUIS EDUARDO MAGALHAES/GUAXUPE, Brazil – Drought hit coffee farmers in Brazil hard last year, drying up trees and driving global prices to record highs. But Rodrigo Brondani is expecting a bumper harvest. Brondani’s giant plantation on the savanna of Brazil’s northeastern…
LONDON – A more independent, less U.S.-reliant Europe is taking shape and investors sense opportunities in a long-shunned region that go beyond just snapping up defence shares. Yes, there is reason for caution since massive German spending on defence and…
Aston Martin said on Monday it would raise more than 125 million pounds ($161.9 million) through funding from Chairman Lawrence Stroll’s investment vehicle and the sale of its minority stake in the Formula One team he owns. The carmaker in…
TOKYO -Japan’s economy could lose as much as $1.81 trillion in the event of a long-anticipated megaquake off its Pacific coast, which could trigger devastating tsunamis, the collapse of hundreds of buildings and potentially killing about 300,000 people, a government…
DUBAI – Iran’s Supreme Leader Ayatollah Ali Khamenei said on Monday the U.S. would receive a strong blow if it acts on President Donald Trump’s threat to bomb if Tehran does not reach a new nuclear deal with Washington. Trump…
PARIS -The likely implementation of tariffs imposed by the United States on April 2 means Europe will have to take better control of its future, European Central Bank (ECB) head Christine Lagarde said on Monday. “I’ve tried to describe this…
LONDON – Ukraine’s dollar bonds and GDP warrant slid more than 1 cent on Monday as hopes for ceasefire proposals with Russia from U.S. President Donald Trump appeared to falter. The GDP warrant shed 1.29 cents to be bid at…
WASHINGTON – The U.S. military has completed a “successful counter-terrorism mission” in partnership with El Salvador, a senior Pentagon official said on Monday, though the term appeared to refer to the deportation of alleged criminals. Earlier on Monday, the State…
KYIV – President Volodymyr Zelenskiy called on Monday for Russia to be punished for more than 183,000 alleged war crimes documented by Ukraine since Moscow’s 2022 invasion, saying justice was needed to prevent “evil from proliferating.” He made his comments…
WASHINGTON – The United States on Monday sanctioned six senior Chinese and Hong Kong officials for “transnational repression” and actions it said eroded the autonomy of Hong Kong, one of the first major moves by the new Trump administration to…
BUENOS AIRES – Some Argentines, hit by tough austerity under libertarian President Javier Milei, are rummaging for food and taking on more informal low-salary jobs, even as hope rises that the most painful period may be over as inflation cools….
MADRID -Spain’s Repsol is in an “open and fluid dialogue” with U.S. authorities as it explores ways to keep operating in Venezuela after Washington moved to revoke its license to export oil from the country, CEO Josu Jon Imaz said…
STOCKHOLM/LONDON – Volvo Car’s abrupt decision to tap Hakan Samuelsson as its CEO puts the car industry veteran back in charge of steering the automaker through U.S. President Donald Trump’s tariff turbulence and a wobbly transition to electric cars, analysts…
PARIS -French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted on Monday of embezzlement, a political watershed that ruled her out of the 2027 presidential race unless she can win…
The bodies of eight Red Crescent medics and other Palestinian rescue workers who came under fire more than a week ago have been recovered from a grave in the sand in the south of the Gaza Strip, U.N. officials said….
RIO DE JANEIRO -Former Brazilian President Jair Bolsonaro told Reuters on Monday that a court ruling that banned French far-right leader Marine Le Pen from seeking public office for five years was “left-wing judicial activism.” Le Pen on Monday was…
TOKYO – Japanese banks may need to offer business turnaround support to companies hit by tariffs imposed by the administration of U.S. President Donald Trump, the head of the country’s banking lobby said. Many large Japanese firms, including major exporters…
MOSCOW – The Russian rouble is seen weakening back to the level of around 100 to the U.S. dollar in one year from now, following a rally at the start of this year, a Reuters poll of 18 economists showed…
CHISINAU -Moldova expelled three Russian diplomats on Monday after it accused Russia’s embassy of engineering the escape of a pro-Kremlin lawmaker to prevent him being jailed in a case over illegal political funding. The case of Alexander Nesterovschii, who could…