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Trump says court halt of tariffs would cause 'Great Depression'
Trump says court halt of tariffs would cause 'Great Depression'
by  AFP

US President Donald Trump warned Friday of cataclysmic consequences on the US economy if a court rules that his imposition of sweeping tariffs constitutes an illegal power grab. A lower court ruled against Trump in May, but the US Court of Appeals for the Federal Circuit put the ruling on hold as it considers the case.

Thyssenkrupp to spin off marine division amid defence boom
Thyssenkrupp to spin off marine division amid defence boom
by  AFP

German industrial titan Thyssenkrupp's shareholders on Friday backed a spin-off of its warship and submarine-building unit, seeking to better position the group to benefit from a European defence boom. Shareholders overwhelmingly backed the spin-off of a 49-percent minority stake of the marine division at a specially convened meeting.

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