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EU ready for 'tough decisions to protect economy', von der Leyen tells China
European Commission President Ursula von der Leyen said on Monday that the EU would not shrink back from taking tough measures to protect its economy and security, amid tense trade relations with China. "Europe will not waver from making tough decisions needed to protect its economy and its security," she said.
Struggling French tech group Atos weighs financial lifelines
Struggling French tech group Atos, an Olympics partner and key French defence contractor, said Monday it would make a decision on financial restructuring offers by May 31. Atos said in a statement on Monday that its board had received four financial restructuring offers on Sunday.
EU election could force sharp turn in electric car policy
A change at the top of European institutions could herald a change in the 2035 target to phase out sales of internal combustion engine cars even though the automotive industry is already well down the road towards transitioning to electric vehicles.
Europe's auto suppliers reach the end of the road
Emrullah Karaca has made brakes for the past 20 years, but he is now learning to assemble heat pumps instead, as the Continental factory where he works in northern Germany is slated to close. "Brakes or heat pumps, it's all the same to me," said Karaca, whose two parents both worked for Continental at the factory.
Indonesia first-quarter growth boosted by election, holiday spending
Indonesia's economic growth accelerated in the first quarter of 2024 on the back of election and religious holiday spending, official data showed Monday. Government estimates had projected growth of 5.17 percent but experts warned Jakarta's official data might not be reliable to judge economic performance.
Far-right parties wage disinfo war ahead of EU vote
Far-right populist parties are way ahead of their traditional rivals in the race for voter attention on social media, where disinformation is stirring fear and rage around key issues in June's European elections, experts say.
Asian markets build on rally as US jobs data boost rate cut hopes
Most Asian markets rose Monday after data showing fewer US jobs were created last month rekindled optimism interest rates will be cut this year, while mainland Chinese equities bounced on hopes for fresh government economic support.
'Everybody is vulnerable': Fake US school audio stokes AI alarm
A fabricated audio clip of a US high school principal prompted a torrent of outrage, leaving him battling allegations of racism and anti-Semitism in a case that has sparked new alarm about AI manipulation.
Hollywood star Ferrell invests in Championship club Leeds: reports
Hollywood star Will Ferrell has become the latest celebrity to invest in Championship club Leeds, according to reports on Sunday. Welsh club Wrexham, recently promoted to the third tier, are owned by fellow actors Ryan Reynolds and Rob McElhenney, who started a recent trend of celebrities investing in British teams.
AFP
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