Tuesday, June 2, 2026
Economy
Divided US Fed backs second quarter-point rate cut of 2025
Washington (AFP) - The US Federal Reserve on Wednesday announced its second quarter-point rate cut in a row to bolster...
Chemicals firm BASF urges EU to cut red tape as profit dips
Frankfurt (Germany) (AFP) - The boss of German chemicals giant BASF on Wednesday called for the European Union to relax...
Mercedes-Benz profit plunges on China slump and US tariffs
Frankfurt (Germany) (AFP) - German premium carmaker Mercedes-Benz reported plunging third-quarter profit Wednesday, hit by weak sales in China as...
Norway’s energy giant Equinor falls into loss
Oslo (AFP) - Norwegian energy giant Equinor said Wednesday it suffered a net loss in the third quarter as it...
US Fed on track to cut rates again in penultimate decision of 2025
Washington (AFP) - The US Federal Reserve is almost certain to cut interest rates for a second straight meeting on...
As US blows up drug boats, Venezuelan oil sets sail
Caracas (AFP) - While the American military blows up boats it claims are transporting drugs from Venezuela, observers say tankers...
Russia’s Lukoil to sell overseas assets after US sanctions
Moscow (AFP) - Russian oil giant Lukoil will sell its overseas assets, the company said late Monday, after it was...
ECB to hold interest rates steady with inflation subdued
Frankfurt (Germany) (AFP) - The European Central Bank is expected to hold interest rates steady this week for its third...
‘Definitive solution’ on Brazil-US trade within days: Lula
Kuala Lumpur (AFP) - Brazil's President Luiz Inacio Lula da Silva said Monday a trade deal with the United States...
TotalEnergies approves restart of $20-bn Mozambique gas project
Paris (AFP) - France's TotalEnergies said Saturday the consortium it leads to build a $20-billion liquified natural gas project in...
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