Economy
French PM, Trudeau defend Canada-EU trade pact
Prime Ministers Gabriel Attal of France and Canada's Justin Trudeau on Thursday defended a trade pact between Canada and the European Union whose ratification has been stymied in France's legislature. Attal also "welcomed Canada's support for Ukraine."
Report links H&M, Zara to environmental destruction in Brazil
Fast fashion giants H&M and Zara have used cotton from farms linked to massive deforestation, land-grabbing, corruption and violence in Brazil, a report by the environmental group Earthsight said Thursday.
US Fed's Barkin says recent inflation data 'not supportive' of case for rate cuts
The recent uptick in US inflation has weakened the case for the Federal Reserve to start cutting interest rates, a senior Fed policymaker told AFP on Thursday. "But you've got to start with when does inflation start to make that case?"
France's Macron calls for 'sustainable' defence industry effort
France's President Emmanuel Macron on Thursday called for a "sustainable" effort to scale up weapons production following the Russian invasion of Ukraine as he laid a foundation stone for a much-needed gunpowder factory.
Aston Martin to make petrol cars 'for as long as allowed'
British luxury carmaker Aston Martin Lagonda will continue to produce traditional combustion-engine vehicles for as long as legally possible, its boss told UK media this week. "For as long as we're allowed to make ICE (internal combustion engine) cars, we'll make them.
'Robust' US has helped improve global economic outlook, IMF chief says
Strong growth in the United States has helped to lift the outlook for the world economy, but more needs to be done to stem a slide in productivity, the head of the IMF said Thursday.
Corporate climate pledge weakened by carbon offsets move
The world's main benchmark for vetting corporate climate action has been accused by its own staff of "greenwashing" after allowing businesses to use carbon credits to offset pollution from their value chains.
Meta turns to AI to protect minors from 'sextortion' on Instagram
Meta said on Thursday it was developing new tools to protect teenage users from "sextortion" scams on its Instagram platform, which has been accused by US politicians of damaging the mental health of youngsters. The legal filing alleged Meta had exploited young users by creating a business model designed to maximise time they spend on the platform despite harm to their health.
Coppola's 'Megalopolis' among entries for Cannes Film Festival
Legendary director Francis Ford Coppola will return to the Cannes Film Festival with his long-awaited epic "Megalopolis", organisers said on Thursday, announcing a line-up that includes some huge names of world cinema. But all eyes are likely to be on Coppola's "Megalopolis", marking the return of "The Godfather" director to the Cannes Croisette at the age of 85.
Economy
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