US Treasury Secretary Scott Bessent signaled Thursday that "substantial support" for farmers would be announced next week, particularly for those growing soybeans, as they struggle with fallout from President Donald Trump's trade conflicts. "You should expect some news on Tuesday on substantial support for our farmers, especially the soybean farmers," Bessent told CNBC early Thursday.
An Audi factory in Brussels billed as the "cradle" of the German carmaker's electric drive is shutting down production for good on Friday, the latest sign of the woes afflicting Europe's auto industry. Audi, a subsidiary of German auto giant Volkswagen, gave several factors for closing the Brussels plant, the largest private employer in the Belgian capital.
The EU's top team arrived in India on an "unprecedented" visit Thursday, aiming to broaden commercial and diplomatic ties and hedge against souring relations with the United States. The visit "will send the message that Europe is shoring up other partners, including India, as much as they focus on the task of resetting EU-India ties", The Hindu newspaper reported.
Central Asian countries are setting rivalries aside to build a giant hydroelectric plant originally planned in Soviet times, a bid to strengthen energy and food security and mitigate the effects of climate change. The Eurasian Development Bank said that "building new hydroelectric power stations while renovating existing ones will mitigate the impact of climate change".
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