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S.Africa moves to ease black empowerment law under Starlink pressure
South Africa's government is moving towards easing its black ownership laws in the telecoms sector -- a policy change that would smooth the way for Elon Musk's Starlink to enter the local market.
Trump fires new tariff threats at Apple and EU
President Donald Trump ratcheted up the US trade war on Friday, threatening to impose a new 25 percent levy against Apple, and a 50 percent tariff on the European Union. Lamenting that negotiations with the EU "are going nowhere," Trump said on Truth Social that he is recommending "a straight 50% Tariff on the European Union, starting on June 1, 2025."
France's TotalEnergies to face court in June in 'greenwashing' case
TotalEnergies will face a Paris civil court in June over allegations it made false advertisements about its climate pledges -- an unprecedented case in France against a major fossil fuel company, activists said Friday.
Merz, Xi discuss Ukraine war, trade woes amid global 'chaos'
Germany's Friedrich Merz urged Chinese President Xi Jinping on Friday to support a Ukraine ceasefire push and discussed thorny economic ties, in the leaders' first call since Merz became chancellor. On the topic of Ukraine, Merz's office said he told Xi about "the common efforts of Europe and the EU to bring about a quick ceasefire" and urged China to "support these efforts".
260 miners stuck underground after 'incident' at S.African shaft
Damage to a mine shaft kept 260 miners stuck in a gold mine outside Johannesburg overnight, the mine manager and union said Friday. Mining employs hundreds of thousands of people in South Africa -- the biggest exporter of platinum and a major exporter of gold, diamonds, coal and other raw materials -- and accidents are common.
UK newspaper The Telegraph set for US ownership
British right-wing newspaper The Telegraph has agreed a takeover by US investment group RedBird Capital Partners, ending a two-year saga marked by UK government intervention over press freedoms. TMG last year agreed to sell British right-wing magazine The Spectator to hedge fund manager Paul Marshall for £100 million.
German growth upgraded on pre-tariff export surge
Germany's economy grew more than previously thought at the start of the year, as its exports surged before US President Donald Trump imposed sweeping tariffs, official data showed Friday. Germany's unexpectedly strong first-quarter growth contrasts with the performance of the US economy, which contracted at the start of the year amid an import surge triggered by Trump's tariff plans.
Japan core inflation tops forecasts as rice prices almost double
Japanese inflation spiked at a two-year high in April, data showed Friday, as rice prices almost doubled, turning focus on the central bank as it mulls more interest rate hikes amid Donald Trump's trade war.
Japan PM presses Trump on tariffs ahead of new talks
Japan's Prime Minister Shigeru Ishiba said Friday that he had again pressed US President Donald Trump on tariffs, in a phone call ahead of fresh talks on easing the levies. The comments came as Japan's tariffs envoy, economic revitalisation minister Ryosei Akazawa, left for Washington for a third round of talks.
AFP
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