logo

World Business Report Sacre bleu! Will the French allow their PM to reduce the number of public holidays?

BBC Newsa day ago
Will ending two public holidays in France help to reduce national debt? Rahul Tandon talks to a professor at the Toulouse School of Economics.
Indonesia also agreed to purchase $15 billion in US energy, $4.5 billion worth of agricultural products and 50 Boeing jets, 'many of them 777's,' Trump said later on social media.
The US technology giant Nvidia says it will soon resume sales of its high-end artificial intelligence chips to China The move reverses a ban on sales of its chips to Beijing, a ban imposed by President Donald Trump's administration in April, over national security concerns.
And we look at the new trend - hiring etiquette coaches for Gen Z employees.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Photos of athletes sporting their high fashion on the red carpet at the ESPY awards show
Photos of athletes sporting their high fashion on the red carpet at the ESPY awards show

The Independent

time17 minutes ago

  • The Independent

Photos of athletes sporting their high fashion on the red carpet at the ESPY awards show

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story. The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it. Your support makes all the difference.

Brazil's Senate approves main text of new rules on court-ordered debt in first vote
Brazil's Senate approves main text of new rules on court-ordered debt in first vote

Reuters

time18 minutes ago

  • Reuters

Brazil's Senate approves main text of new rules on court-ordered debt in first vote

SAO PAULO, July 16 (Reuters) - Brazil's Senate on Wednesday approved in a first vote a constitutional amendment to change how the government accounts for court-ordered debt payments starting in 2027, potentially helping it meet fiscal target once considered unattainable. Under the approved text, these payments - the result of court rulings against the government - must be gradually included in the fiscal target calculation each year from 2027 onward, starting with at least 10% of the estimated total. Senators approved the main text in the initial vote on Tuesday evening, with a second round still required before it could become law, as the measure was already cleared by the lower house. However, Senate President Davi Alcolumbre said the final vote will only take place after Congress returns from recess, which starts later this week and will last through the end of July.

Japan exports down for second straight month, weighed by US tariffs
Japan exports down for second straight month, weighed by US tariffs

Reuters

timean hour ago

  • Reuters

Japan exports down for second straight month, weighed by US tariffs

TOKYO, July 17 (Reuters) - Japan's exports fell for a second straight month in June, data showed on Thursday, underscoring the mounting strain that sweeping U.S. tariffs are placing on the country's fragile economy. Japan failed to clinch a deal with the U.S. before the July 9 expiration of the temporary pause on the country-specific tariffs after it focused on eliminating the existing sectoral 25% tariffs on automobiles, a mainstay of the export-reliant economy. Washington now plans to impose tariffs of 25% on Japanese imports, unless a trade deal is struck by August 1. Total exports by value dropped 0.5% year-on-year in June, data showed, compared with a median market forecast for a 0.5% increase and a 1.7% decrease in May, the first drop in eight months. Exports to the United States fell 11.4% in June from a year earlier, while those to China were down 4.7%, the data showed. Total imports grew 0.2% in June from a year earlier, compared with market forecasts for a 1.6% drop. As a result, the trade balance stood at a surplus of 153.1 billion yen ($1.03 billion), compared with a forecast for a surplus of 353.9 billion yen. U.S. tariffs are adding to pressure on the Japanese economy which is struggling due to lacklustre domestic consumption. Japan's economy shrank in the first quarter as rising living costs hurt demand. So far, Japanese automakers have avoided major price hikes in the U.S. by cutting prices on exported cars and absorbing tariff costs to stay competitive while sacrificing profits. Japan exported 21 trillion yen worth of goods to the United States last year, with automobiles representing roughly 28% of the total. Prolonged uncertainties over the impact of the tariffs and the course of trade negotiations will likely force the Bank of Japan to keep focusing on downside risks to the economy and to put rate hikes on hold for the time being, analysts say. ($1 = 148.0000 yen) ($1 = 148.0600 yen)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store