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What are reciprocal tariffs and who might be affected?
US President Donald Trump has threatened to open new fronts in his tariffs war by announcing reciprocal levies on other countries as soon as Tuesday, branding this "the only fair way" to trade. And on Sunday, he said he would make a detailed announcement on the tariffs on Tuesday or Wednesday, adding that "every country will be reciprocal."
AI feud: How Musk and Altman's partnership turned toxic
The feud between Elon Musk and Sam Altman has become one of the bitterest rivalries in business history, with the Tesla tycoon bidding to buy Altman's OpenAI in an apparent attempt to derail the ChatGPT maker's ascent to becoming one of the world's most important companies.
US inflation fight to take time in 'highly uncertain' environment: Fed official
The US Federal Reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation fight will take time to win, a senior US central bank official said Tuesday.
Ford CEO says Trump policy uncertainty creating chaos
The Trump administration's tariff threats and animosity towards electronic vehicles are producing a "lot of cost and a lot of chaos" for Ford, the automaker's chief executive said Tuesday. But "so far what we're seeing is a lot of cost and a lot of chaos," he said.
Altman says OpenAI 'not for sale' after Musk's $97 bn bid
Artificial intelligence developer OpenAI is "not for sale", chief executive Sam Altman said in Paris Tuesday in response to a reported $97.4 billion bid from competitor Elon Musk. The Wall Street Journal reported late Monday that Musk, a co-founder of OpenAI, had made his $97.4 billion offer to the board.
US farmers say Trump let them down with spending freeze
US farmers caught up in President Donald Trump's short-lived attempt to freeze all federal funding descended on Congress Tuesday to demand answers after grants to their politically influential sector were paused.
Galeries Lafayette owner Ginette Moulin dies aged 98
The majority owner of the emblematic Parisian department store Galeries Lafayette, Ginette Moulin, has died aged 98, the company told AFP Tuesday. She was "a committed benefactor and a patron of artists who believed in the power of culture and creativity," the Galeries Lafayette said about her Tuesday.
BP pledges strategic 'reset' as profit tumbles
Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy. Faced with lower oil and gas prices, Shell also reported a drop to its annual net profits for 2024 last month. ajb/bcp/lth
Gucci owner Kering's annual profit plunges
Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house.
AFP
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