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US Fed starts rate meeting under cloud of tariff uncertainty
The US Federal Reserve began a two-day discussion over interest rates Tuesday, with policymakers widely expected to pause again and wait for clarity on the economic impact of Donald Trump's tariff rollout. This is a challenging situation for the Fed's rate-setting committee, which began its two-day meeting in Washington at 8:30 am local time (1230 GMT).
Tesla sales fall again in Germany as drivers steer clear of Musk
Tesla sales nosedived again in Germany last month even as electric vehicle sales rose strongly, data showed Tuesday, as German drivers voted with their wallets against billionaire owner Elon Musk. Some German Tesla drivers have put "I bought this before Elon went crazy" stickers on their vehicles and the backlash has also taken more forceful forms.
EU to lay out plan to cut last Russian gas supplies
The EU on Tuesday is due to unveil a keenly anticipated plan to phase out its remaining gas ties to Moscow, a challenge given Europe's longstanding dependence on Russian fossil fuels. The commission has highlighted its efforts to reduce dependence on Russian fossil fuels since the 2022 invasion of Ukraine.
Food delivery app DoorDash agrees to buy peer Deliveroo
US food delivery app DoorDash has agreed to buy UK-based rival Deliveroo for £2.9 billion ($3.9 billion) in a deal that will expand its global reach. - European expansion - DoorDash, the largest food delivery app in the United States, entered the European market in 2021 with the purchase of Finland-based Wolt for $8.1 billion.
DoorDash agrees £2.9 billion takeover of Deliveroo
US delivery service DoorDash has agreed to take over UK peer Deliveroo in a deal worth £2.9 billion ($3.9 billion), according to a joint statement on Tuesday. The deal will give the combined food delivery service a presence in over 40 countries, serving around 50 million monthly active users.
'Aussiewood' courts Hollywood as Trump film tariffs loom
Australia still wants to make "great films" with the United States, Foreign Minister Penny Wong said Tuesday, as new tariffs threaten the home of Hollywood hits like The Matrix, Elvis and Crocodile Dundee. "Our message is we make great films together," she told national broadcaster ABC. "We have films, American films, which are filmed here in Australia.
How a privately owned city in Kenya took on corrupt officials
To many, Tatu City on the outskirts of Nairobi looks like a success. But to some local politicians, Tatu City has looked more like a target for extortion.
Philips turns in a profit but China, tariffs weigh
Dutch medical device maker Philips reported a net profit for the first time in three quarters Tuesday despite weak sales in China but warned of "intensified" uncertainties due to tariffs. However, global sales were down two percent compared to the same quarter last year due to a "double-digit decline" in China, the firm said.
Dollar recovers some losses, stocks gain as traders eye tariff deals
The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump's sweeping tariffs, while equities mostly rose as investors await the Federal Reserve's latest policy decision. Equities mostly rose, with Hong Kong and Shanghai leading the way as investors returned from a long weekend.
AFP
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