Economy
French charity boycotts Olympic torch relay over Coca-Cola
A French environmental charity said it had turned down the chance to take part in the torch relay ahead of the Paris Olympics over the role of Coca-Cola as a major sponsor. But it announced on Monday that it would not take part in the torch relay which will begin in Marseille on May 8, thanks in part to financing from premium Olympics sponsor Coca-Cola.
Eurozone economy rebounds in first quarter, inflation stable in April
The eurozone economy emerged from recession with greater than expected growth in the first quarter of 2024 and inflation under control, official data showed Tuesday. But the figures showed the eurozone economy had slipped into a technical recession in the second half of last year after gross domestic product retreated by 0.1 percent in the last two quarters of 2023.
French media scion resigns after embezzlement charge
French media baron Arnaud Lagardere resigned Tuesday as chief executive of the sprawling group of the same name after being charged with misuse of corporate funds. The firm said the charges "largely relate to companies belonging personally" to Arnaud Lagardere, rather than those that are part of the publicly-traded Lagardere SA group.
HSBC announces surprise retirement of chief executive
Global bank HSBC announced Tuesday the shock departure of chief executive Neil Quinn, who will retire after overhauling the group in an "intense" five-year tenure weathering a Covid fallout, simmering geopolitics, and shareholder pressure to spin off Asia assets.
Dying salmon trouble Norway's vast fish-farm industry
They are hailed for their omega-3 fatty acids and micronutrients, but Norway's salmon are not in the best of health themselves at the fish farms where they are bred. It is precisely the speed at which the fish are bred that is the problem, according to fish health specialist Poppe, who criticised the "terribly bad animal conditions" and who has stopped eating farmed salmon.
Microsoft CEO pledges $1.7 bn AI, cloud investment in Indonesia
Microsoft's chief executive officer met the president of Indonesia on Tuesday, pledging a $1.7 billion investment in artificial intelligence and cloud computing to help develop the archipelago's AI infrastructure.
HSBC says chief executive Noel Quinn 'to retire'
Banking giant HSBC said Tuesday that chief executive Noel Quinn would retire after overseeing a "successful transformation" of the firm and record profits during his almost five years in charge. HSBC on Tuesday said it had begun the process of finding a successor but did not specify when Quinn would step down.
L'Occitane stocks surge in Hong Kong after privatisation offer
Shares in French skincare giant L'Occitane jumped almost 13 percent in Hong Kong on Tuesday as they resumed trading after its owner offered to take it private. The offer, submitted with the support of US private equity giant Blackstone, concerns nearly 28 percent of the shares.
Asian markets build on Wall St rally, yen holds bounce
Asian markets extended a rally Tuesday following advances on Wall Street, while the yen held gains after the previous day's sharp swings and focus turned to the Federal Reserve's upcoming policy decision.
Economy
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