Business daily

In a bid to extract concessions from New Delhi in months-long trade talks, Donald Trump announced that he will impose 25 percent tariffs on Indian exports to the US starting August 1. He also threatened to penalise India for its purchases of Russian oil. In this segment, we explain what the US hopes to achieve with this move – and why India isn't rushing to strike a deal. Meanwhile, the US and South Korea have reached an agreement to lower US tariffs to 15 percent.

Two days of talks between delegations from Beijing and Washington ended without an extension of the tariff truce set to expire on August 12. US Treasury Secretary Scott Bessent said that Donald Trump still needs to be briefed on the discussions. Also, the International Monetary Fund has revised its global growth outlook upward, as Trump's tariff policies are scaled back. And, Lesotho's textile industry remains on edge ahead of the August 1 tariff deadline.

The deal reached by EU Commission President Ursula von der Leyen and US President Donald Trump over the weekend has led the Euro to lose value against the US dollar. This follows wide-ranging criticisms within the bloc over the "asymmetrical" nature of the deal, with French Prime Minister François Bayrou equating it to submission. In this edition, we look back on what's been agreed on, and what still needs to be determined.

As European leaders attend an EU-China summit in Beijing, the issue of tariffs on Chinese electric vehicles entering the single market is one of the items on the agenda. Brussels has imposed tariffs on Chinese manufacturers such as Zeekr because of what it considers to be unfair trade practices. In this edition, we talk to Lothar Schupet, acting CEO of Zeekr Europe, about the effect of these trade restrictions on its business.

After months of negotiations, the US has reached a trade deal with Japan. US President Donald Trump celebrated the agreement on tariffs in a social media post, while Japan's Prime Minister Shigeru Ishiba hailed the deal, which sets duties on Japanese exports to the US at a rate of 15 percent. In this edition, we look at what exactly has been announced by both sides and what it means for Japan's auto sector, which is responsible for a quarter of all exports to the US.

Trade negotiations between Washington and Brussels are continuing ahead of an August 1 deadline, when US President Donald Trump has vowed to impose 30 percent tariffs on nearly all goods imported from the European Union. Both sides are looking to carve out exemptions for key sectors, such as aviation or pharmaceuticals. Also in this edition: German car sector companies are looking to benefit from the country's sudden increase in defence spending.

Chinese Premier Li Qiang attended a ceremony on Saturday marking the start of construction for a new $167 billion mega dam project in Tibet. The project aims to boost the national economy as well as increase the country's capacity to produce clean energy, but it raises risks to biodiversity and to relations with India. Also in this edition, we look at the success of Barcelona's tourist tax scheme.

US Senate Republicans have voted to cut $9 billion from public broadcasting and foreign aid – a victory for US President Donald Trump, who has repeatedly criticised PBS and NPR. Meanwhile, Trump is scaling up his pressure campaign against Fed Chair Jerome Powell and taking credit for an ingredient swap at Coca-Cola. 

Donald Trump told reporters on Wednesday that it was "unlikely" he would fire the chairman of the US Federal Reserve, after reportedly floating the idea to Republican lawmakers. The US president has repeatedly criticised Jerome Powell for not lowering interest rates fast enough, but is constrained in his ability to dismiss him. Also in this edition, Brazil calls for "urgent talks" with Washington over looming 50 percent tariffs that are set to take effect on August 1.

The US Bureau of Labor of Statistics will be releasing its June inflation data this Tuesday, with economists forecasting a slight uptick in consumer prices because of the impact of tariffs. FRANCE 24 spoke to Nela Richardson, Chief Economist at ADP, about the impact of import duties on US inflation. Also in this edition: the French government considers a spending freeze in a bid to find €40 billion in savings and cut the deficit.

US President Donald Trump has unveiled a sweeping new round of tariffs targeting eight countries, with Brazil hit the hardest. The move, which comes despite a US trade surplus with the South American giant, raises economic and political tensions as the August 1 implementation date looms. Meanwhile in corporate news, Nvidia has become the first publicly traded company to surpass a $4 trillion valuation, overtaking the size of France's entire GDP.

US e-commerce giant Amazon has expanded its "Prime Day" promotional event this year to four days, in a bid to give shoppers "more time to shop and save". US President Donald Trump's global trade war has increased the threat of higher prices for US shoppers. While forecasts show another record year for sales, other indicators are highlighting cautious consumer sentiment. Also in this edition: Trump's 50 percent tariff threat on all copper imports could hurt global producers like Zambia.

US President Donald Trump announces a 50% tariff on copper after sending tariff letters to 14 different trading partners. Also, Bulgaria is set to adopt the euro on January 1, 2026. Plus, France's parliament approves a controversial bill on agriculture which brings back a pesticide that was banned in 2020.

On Monday, US President Donald Trump announced new "reciprocal" tariffs on 14 countries that would come into effect on August 1 unless a deal was struck before then. Japan and South Korea vowed to pursue negotiations with Washington – as did South Africa – but promised to defend their national interests, setting the stage for difficult talks. Also in this edition, the BRICS summit wraps up in Brazil, with Trump making headlines there too.

US President Donald Trump has sent letters to several countries dictating new tariffs that will be implemented on August 1. Also, France's poverty rate has surged to its highest level on record. Plus, one of the world's largest Legolands has opened its doors to tourists in Shanghai.

A walkout by French air traffic controllers is causing major disruptions to summer travel, impacting not just French airports but also the country's airspace. Next, the US House of Representatives has passed Donald Trump's sweeping budget bill, stripping millions of Americans of food benefits. Plus, France's antitrust agency is fining fast-fashion retailer Shein €40 million for deceptive business practices.

A new report shows that recent heatwaves across Europe could slow economic growth by half a percentage point in 2025. But first, US President Donald Trump announces a trade deal with Vietnam. Plus, a French court has sentenced three former Ubisoft executives to suspended jail terms for harassment at the gaming giant.

US President Donald Trump has threatened to increase import duties on Japanese goods to 35 percent as trade talks with Tokyo approach a July 9 deadline. The two countries are fast approaching the end of a 90-day negotiation period before previously imposed 24 percent tariffs snap back into place, and talks have proved difficult. Also in this edition, FRANCE 24's Luke Shrago looks at the opportunities and challenges of using carbon capture technology in the fight to reduce global warming.

A marathon vote is underway in the US Senate over President Donald Trump's megabill, with Republicans divided over how much to cut welfare programmes to extend tax breaks. Meanwhile, the UK-US trade deal has come into effect, but there's still no news on aluminium and steel. Plus, China's largest coffee chain is escalating its race against Starbucks.

South Korean President Lee Jae-myung spoke to parliament this Thursday for the first time since taking office, and asked the legislature to approve a 30.5 trillion won (€19.2 billion) supplementary budget aimed at reviving the economy. US President Donald Trump's tariff war has hit South Korea's export-driven economy hard, with GDP growth forecasts for 2025 recently slashed from 1.5 percent to 0.8 percent. Also in this edition: cabling thefts in northern France severely disrupt train services, including the Eurostar between London and Paris.

Eurostar services between the UK and the EU have been restored following a chaotic day of delays and cancellations, with dozens of TGV high-speed trains in northern France also affected. The major disruption was caused by the theft of more than 600 metres of railway cable near the city of Lille. Plus, the World Economic Forum dubbed the "Summer Davos" is underway in China, with trade tensions and conflicts casting a huge shadow over the event. 

French Prime Minister François Bayrou will face a no-confidence vote from Socialist MPs after talks between unions and employers over a reform of the country's pension system failed to reach a compromise. France's highest auditing authority earlier showed that the pension system could run a deficit of as much as €30 billion by 2045 if nothing is changed. Also in this edition, FRANCE 24's Luke Shrago looks at the economic impact of the border dispute between Thailand and Cambodia.

Global oil prices tumbled for a second day while stocks rose sharply, as a ceasefire between Israel and Iran remains in place despite earlier violations. Meanwhile, the German government approves a draft budget that will sharply increase its defence spending as leaders arrive for a key NATO summit.  

Crude oil prices fell around 7 percent on Monday, after Iran said it had launched a missile attack on a US base in Qatar. Investors appeared to take the retaliatory action as being limited, following days of uncertainty over whether Tehran would close the Strait of Hormuz. US President Donald Trump later said that Iran had given the US advance notice of the attack. Earlier, Washington also called on China to pressure Tehran not to close the vital waterway. 

After 18 months of negotiations, Japan's top steelmaker, Nippon Steel, completed its $14.9 billion acquisition of US Steel. On Thursday, CEO Eiji Hashimoto confirmed that the company granted the US government an unusual "golden share", giving it more say in strategic issues. Also in this edition, the latest data showing France's economy is lagging behind its European neighbours and potentially the biggest sale in US sports team history.

The US Federal Reserve has kept its benchmark interest rate at the current range of 4.25% - 4.50%, as it expects slower growth, higher inflation and slightly higher unemployment by the end of the year than it previously forecast. The move was widely expected, including by Donald Trump, who nonetheless insulted Fed Chairman Jerome Powell again. Plus, Nippon Steel has completed its takeover of US Steel after agreeing to let the US government have significant control in business decisions. 

Crude oil markets continued to hover around the $75 a barrel mark this Wednesday, sustained by fears that the US could get directly involved in the conflict between Israel and Iran. The possibility that Iran could seek to close the Strait of Hormuz, through which about 20 percent of the world's crude production transits, is also a source of concern. Also in this edition: French authorities recall Citroen cars equipped with defective airbags after the death of a woman in a car accident on Saturday.

French authorities say a defective airbag manufactured by now-bankrupt Japanese firm Takata was responsible for the fatal injuries sustained by a driver who died of a road accident last week. France's transport minister has called for all Citroen C3 and DS3 models fitted with recalled airbags to be taken off the road. Plus, at the Paris Air Show, aerospace giants and startups alike are showcasing technologies to make aviation greener. 

Luca de Meo is leaving Renault and the automobile industry after five years at the helm of the company. He will take on the role of CEO at luxury group Kering, which is struggling to revive its flagship brand Gucci. Kering's shares rose 12 percent on the news, while Renault's sank more than 8 percent. But first, global oil prices have come down after soaring on Friday as investors continue to monitor the Israel-Iran war closely. 

Fresh analysis from LinkedIn shows the rate of women hired into leadership positions has slowed for the third year in a row, leaving the hiring rate back where it was in 2020. The data shows women are being shut out of senior positions, holding less than a third of top roles despite making up almost half of the global workforce. Sue Duke, LinkedIn's Global VP of Public Policy, discusses some of the solutions that would help reverse this decline.

In this edition, FRANCE 24's Charles Pellegrin speaks with Benjamin Netter, the co-founder of Riot. The French company provides real-time cybersecurity for over 1.5 million employees around the world and has raised $45 million since it was launched in 2020. Netter provides insights on the French tech ecosystem, the magnitude of cybersecurity threats in the age of artificial intelligence, and how AI can also be used to increase protection.

Five years after Brexit, the United Kingdom and the European Union have struck a deal on the status of Gibraltar that will ease the cross-border movement of people and goods. The tiny British territory bordering Spain had been one of the final sticking points of the post-Brexit negotiations. Plus, US President Donald Trump claims a "deal with China is done" following high-level trade talks in London, but uncertainty remains over just how much Beijing is willing to give up its leverage on rare earth supplies. 

Vivatech 2025, billed as Europe's largest tech and startup event, kicked off this Wednesday in Paris. Some 14,000 startups are showcasing their innovations, hoping to attract the attention of investors in a difficult context. FRANCE 24's Charles Pellegrin speaks with Jad Shimaly, EY Global Managing Partner, about how trade uncertainty is weighing on the tech sector, Europe's quest for tech sovereignty, and how EY is advising businesses to integrate artificial intelligence.

The European Union has proposed a new round of sanctions against Russia, which include a ban on the use of the Nord Stream underwater pipelines between Russia and Germany and the addition of 77 more vessels to the blacklist of the so-called "shadow fleet" of tankers carrying Russian oil. Plus, Eurostar announces a €2 billion expansion plan that includes new direct trains from London to Frankfurt and Geneva. 

Delegations from Washington and Beijing are in London this Tuesday for a second day of trade talks, with the Americans expected to ease export restrictions on microchips in exchange for China releasing more rare earth minerals supply. Also in this edition: Canada looks to boost its defence spending in Europe. Plus, Apple's AI offerings at its 2025 Worldwide Developers Conference underwhelm analysts. 

As France hosted a UN conference on protecting the ocean, NGOs denounced the fact that large shipping companies were sponsoring the event, calling them some of the biggest polluters.  The maritime transport sector accounts for 3% of global CO2 emissions, as dry cargo shipments more than doubled since 2000. Plus, the US and China have started a new round trade talks in London, with Beijing's export control of rare earths firmly in focus. 

American and Chinese delegations are meeting in London for a new round of trade talks, with US tariffs and Chinese export restrictions on rare earth minerals at the top of the agenda. Also in this edition: Japan pushes its own trade talks with Washington, and French art lovers protest a construction project near the site of Paul Cezanne's most famous landscapes.

Shares in Elon Musk's electric car company Tesla plunged 15 percent after US President Donald Trump threatened to terminate government contracts and subsidies given to Musk's companies. The rapid escalation in the feud between the two men comes just days after Musk left his government job with a golden key from the president. Plus, a landmark trial opens in Paris against TotalEnergies, accused of "greenwashing" its fossil fuel activities. 

Japanese video game company Nintendo launched its newest console, the Switch 2, this Thursday. With gamers lining up around the world to collect their pre-orders as early as midnight, investors are hopeful the product will help continue to boost the company's share price, which has risen by over 30 percent since the start of the year. Also in this edition: South Korean cosmetic brands are looking to expand in the US market, despite tariff uncertainty.

The European Commission has given the green light for Bulgaria to adopt the euro on January 1, 2026, putting the country on course to become the 21st member of the single currency zone. Brussels says Bulgaria has now met all the criteria necessary to join the eurozone, including price stability and fiscal discipline. However, Bulgarians are divided and many protested outside the parliament this Wednesday.  

US import duties on steel and aluminium tariffs are now officially at 50 percent this Wednesday, after US President Donald Trump signed a directive bumping them up from 25 percent. The move has led some of the biggest exporters of metals to the US, such as Mexico, to ask for an exemption. Also in this edition: an iconic French glassware brand is celebrating its 80th birthday and going through a renaissance after it was transformed into an employee-owned co-op last year.

With voters turning out in record numbers, South Korea has elected liberal leader Lee Jae-myung to lead the country left in turmoil by the brief imposition of martial law by Yoon Suk Yeol. The nation of 51 million people has the world's lowest birth rate and is now a "super-aged" society. South Korea saw its GDP forecast downgraded this Tuesday by the OECD as the group revised down growth prospects for most of the world amid US President Donald Trump's trade war.