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Tackling debt 'curse', France wants to slash holidays
France's Prime Minister Francois Bayrou said Tuesday he wanted to reduce the number of public holidays as part of an urgent plan to tackle what he called the "curse" of his country's debt. Presenting his outline 2026 budget plan, Bayrou said two holidays out of France's total of 11 could go, suggesting Easter Monday as well as and May 8, a day that commemorates the end of World War II in Europe.
US banks see lower recession risk despite tariff fog
Large US banks reported results that topped estimates Tuesday as executives pointed to American economic resilience and said businesses were adapting to tariff uncertainty. "We do anticipate further consumer cooling the second half (of 2025) as tariff effects play through," Mason said, while adding that "the global economic performance has been quite resilient."
EU threatens US planes and whiskey while pressing for deal
Brussels plans to target US goods including planes, cars and whiskey if trade talks with Washington fail, according to a list seen by AFP on Tuesday, as the bloc renewed its push for a deal.
Fallen Austrian tycoon Benko charged with fraud
Austrian tycoon Rene Benko has been charged with fraud as part of a wide-ranging probe into the insolvency of his real estate empire, prosecutors said Tuesday. Benko, once one of Austria's richest men, founded the Signa real estate empire in 2000, but the debt-laden group crumbled in 2023 in the largest insolvency proceedings in the country's history.
Las Vegas Sands makes $8 bn Singapore bet with resort expansion
Casino operator Las Vegas Sands broke ground Tuesday on a new $8 billion project to expand its iconic Marina Bay Sands resort in Singapore, in a major bet on the city-state's tourism market.
US consumer inflation accelerates as tariff scrutiny grows
US consumer inflation picked up in line with analyst expectations last month, government data showed Tuesday, as policymakers try to gauge how President Donald Trump's ever-growing list of tariffs is affecting the economy.
Russia suggests Trump is emboldening Ukraine, delaying peace
The Kremlin warned Tuesday that US President Donald Trump's pledge of more weapons for Kyiv and threat of sanctions targeting Russian trading partners could embolden Ukraine and further delay already stalled peace efforts. Denmark and the Netherlands on Tuesday said they were looking to participate in Trump's plan for Europe to buy American weapons for Ukraine.
Tesla marks India entry with first showroom
Tesla unveiled its first showroom in India on Tuesday, marking its entry into the world's most populous country, as Elon Musk's electric vehicle company seeks new customers amid sagging sales in the United States and Europe. India is currently negotiating a trade deal with the United States, including a potential reduction in tariffs on automobiles.
Skidding Nissan to halt production at Japanese plant
Struggling auto giant Nissan said Tuesday it will stop production at its plant at Oppama in Japan at the end of its 2027 fiscal year. "The company will cease vehicle production at the Oppama plant at the end of fiscal year 2027," Nissan said in a statement.
AFP
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