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French, German ministers to tackle green subsidies with US
French, German ministers to tackle green subsidies with US
Business and Economy
by  AFP

The French and German economy ministers, Bruno Le Maire and Robert Habeck, kick off high-stakes talks with US officials Tuesday to underscore European concerns over President Joe Biden's ambitious climate action plan. For now, negotiations are proceeding under the European Commission's leadership, and Habeck believes that he and Le Maire can contribute to finding new solutions.

Japan's Mitsubishi Heavy scraps troubled passenger jet project
Japan's Mitsubishi Heavy scraps troubled passenger jet project
Business and Economy
by  AFP

Mitsubishi Heavy Industries said Tuesday it had abandoned its struggling project to develop a passenger plane, a decade after the jet was due for commercial rollout. The development of the twin-engine plane for short flights had marked a new chapter for Japan's aviation sector, which last launched a commercial airliner in 1962.

India's Adani Enterprises shares rocket 20%
India's Adani Enterprises shares rocket 20%
Business and Economy
by  AFP

Shares in the flagship firm of troubled Indian conglomerate Adani rocketed as much as 20 percent Tuesday, making up some of the huge slump suffered since last month. Adani Enterprises, the group's flagship firm, soared on Tuesday, with trading suspended three times as they went up 20 percent.

China's Baidu says developing AI chatbot
China's Baidu says developing AI chatbot
Business and Economy
by  AFP

Chinese search engine giant Baidu on Tuesday said it was developing an AI-powered chatbot, as tech giants rush to match the success of ChatGPT, a hugely popular language app that has sparked a gold rush in artificial intelligence technology.

Asian markets rebound from Fed sell-off but traders still uneasy
Asian markets rebound from Fed sell-off but traders still uneasy
Business and Economy
by  AFP

Asian markets squeezed out gains Tuesday, giving investors some relief from a recent sell-off fuelled by worries that US interest rates will go higher than feared following last week's blockbuster jobs report. He told Bloomberg News: "I would expect that that would translate into us raising interest rates more than I have projected right now."

UK property investors include Kremlin allies: study
UK property investors include Kremlin allies: study
Business and Economy
by  AFP

Almost 52,000 UK properties are owned by anonymous investors, including some "close to the Kremlin", a report said Tuesday despite laws seeking to stop dirty Russian cash after Moscow's invasion of Ukraine. More than a fifth, or £1.5 billion, was ploughed into property with "suspect funds from Russia, including those subject to sanctions and close to the Kremlin", it added.