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19879 articles published since 08 Mar 2022

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US consumer inflation cools slightly as tariff worries flare
US consumer inflation cools slightly as tariff worries flare
Business and Economy

US consumer inflation inched lower in February according to government data Wednesday, in the first full month of Donald Trump's White House return -- but concerns remain over stubborn price growth as jitters flare over the president's trade policies. The consumer price index (CPI) came in at 2.8 percent last month from a year ago, down from 3.0 percent in January, said the Department of Labor.

EU hits back hard at Trump tariffs to force dialogue
EU hits back hard at Trump tariffs to force dialogue
Business and Economy

The EU put on a quick show of force Wednesday against sweeping new US steel and aluminium tariffs, striking back with countermeasures that seek to hurt the United States and force it to the negotiating table. They will target US states controlled by Trump's Republican Party as well as goods that the EU believes will hurt American businesses enough to force the president to row back.

Battery maker Northvolt files for bankruptcy in Sweden
Battery maker Northvolt files for bankruptcy in Sweden
Business and Economy

Swedish electric car battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure financing to enable it to continue operations, the struggling company said Wednesday. The battery maker stressed that in its attempts to secure financing it had found "significant traction with potential partners and interest from investors".

German arms firm Rheinmetall seizes on European 'era of rearmament'
German arms firm Rheinmetall seizes on European 'era of rearmament'
Business and Economy

German arms manufacturer Rheinmetall said Wednesday moves by European capitals to up their defences and reduce their reliance on the United States were an unprecedented growth opportunity for the group. In Germany, the country's likely next chancellor Friedrich Merz has urged Europe to develop independence from the United States in defence and looked to up Berlin's military efforts.

Mongolia's children choke in toxic pollution
Mongolia's children choke in toxic pollution
Business and Economy

As she watched her five-month-old son lying in intensive care, wires and tubes crisscrossing his tiny body, Uyanga cursed her hometown Ulaanbaatar and its chronic pollution. "I was so scared when he was admitted to intensive care," said Uyanga, who, like many Mongolians, goes by one name.

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