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EDF complaint blocks Czech-Korean nuclear deal
EDF complaint blocks Czech-Korean nuclear deal
Business and Economy
by  AFP

A Czech court said Tuesday it blocked a multi-billion-dollar deal between Prague and South Korea's KHNP on the construction of two nuclear units following a complaint by France's EDF. KHNP won the contract last July after beating EDF in the tender, but the French giant filed an appeal with the Czech antitrust watchdog UOHS. When the UOHS rejected the appeal last week, EDF filed a lawsuit.

US trade deficit hit fresh record before new Trump tariffs
US trade deficit hit fresh record before new Trump tariffs
Business and Economy
by  AFP

The US trade deficit reached a new record in March, according to fresh government data published Tuesday, as imports surged ahead of President Donald Trump's "liberation day" tariff rollout. The trade gap was the result of a 4.4 percent rise in imports to $419.0 billion, as people rushed to buy goods ahead of the introduction of the widely trailed tariffs.

US Fed starts rate meeting under cloud of tariff uncertainty
US Fed starts rate meeting under cloud of tariff uncertainty
Business and Economy
by  AFP

The US Federal Reserve began a two-day discussion over interest rates Tuesday, with policymakers widely expected to pause again and wait for clarity on the economic impact of Donald Trump's tariff rollout. This is a challenging situation for the Fed's rate-setting committee, which began its two-day meeting in Washington at 8:30 am local time (1230 GMT).