BUSINESS

Chanel presented its Fall-Winter collection on the last day of Paris Women's Fashion Week on Tuesday, playing with proportions and layering in a show designed without incoming artistic director Matthieu Blazy.

German auto giant Volkswagen said Tuesday its annual profits nosedived during a torrid year that saw Europe's top carmaker increasingly struggle with high production costs and fierce Chinese competition.

Struggling Japanese automaker Nissan announced on Tuesday that chief executive Makoto Uchida would step down, a move that follows the failure of merger talks with rival Honda.

Fires were still raging on Tuesday after a cargo ship laden with toxic materials slammed into a tanker carrying flammable jet fuel in the North Sea, as questions mounted about how the accident happened.

Nigerian authorities are warily moving to regulate Africa's largest cryptocurrency market in long-delayed efforts to create legal certainty in a field still fraught with fraud and volatility.

After this strong year, the head of the private family-owned company aims to keep a cool head in response to geopolitical uncertainties and Trump's threat to impose tariffs on the European Union.

The upcoming changes will be part of iOS 19 and iPadOS 19, code-named "Luck," and macOS 16, called "Cheer." These updates are set to deliver more than just a new look. They will bring the most significant improvements to Mac software since the Big Sur update in 2020 and the most noteworthy iPhone redesign since iOS 7 in 2013.

Ukraine will present the United States on Tuesday with a plan for a partial ceasefire with Russia, hours after conducting what Moscow said was a "massive" drone attack on the capital and around the country.

US President Donald Trump said Tuesday he will buy a "brand new Tesla" to show support for his top campaign donor and advisor, Tesla CEO Elon Musk.

South Korean automaker Kia told AFP Tuesday it had not approved an advertising campaign that featured one of its electric vehicles with a bumper sticker denigrating rival Tesla owner Elon Musk.

It is easy to miss the headquarters of the International Taekwon-Do Federation (ITF), which is run by a North Korean from a modest house on the outskirts of Vienna, a city with a long reputation as a nest of spies.

A French court fined Swiss bank UBS 75,000 euros on Monday for the psychological harassment of two whistleblowers who had denounced a system that helped moneyed French clients dodge taxes.

Asian markets tumbled Tuesday following a sharp sell-off on Wall Street fuelled by fears about the US economy as Donald Trump presses ahead with his global trade war and federal jobs cuts.

The Syrian presidency announced on Monday an agreement with the head of the Kurdish-dominated Syrian Democratic Forces (SDF) to integrate the institutions of the autonomous Kurdish administration in the northeast into the national government.

Ukraine will present the United States on Tuesday with a plan for a partial ceasefire with Russia, hoping to restore support from its key benefactor, which under President Donald Trump has demanded concessions to end the three-year war.

Jet fuel caught fire and leaked into the North Sea on Monday after a cargo ship reportedly carrying sodium cyanide hit a tanker chartered by the US military off the British coast.

A cargo ship struck a tanker carrying jet fuel on Monday in the North Sea, sparking a massive fire off England and leaving 32 people injured, the tanker's operator and authorities said.

Syria's new authorities announced on Monday the end of an operation against loyalists of deposed president Bashar al-Assad, after nearly 1,000 civilians were killed in the worst violence since his overthrow.

Italian opposition parties stepped up criticism Monday of a proposed deal between the government and SpaceX's Starlink following founder Elon Musk's suggestion he could cut Ukraine from the satellite network.

US President Donald Trump, who wants to take over Greenland, is very erratic, the island's premier said on Monday, the eve of the self-governing Danish territory's legislative elections.

Three former top executives from French video game giant Ubisoft, the maker of "Assassin's Creed" and "Far Cry", went on trial on Monday accused of psychologically and sexually harassing employees for nearly a decade.

Some 3,400 flights were affected by the industrial action, impacting around 500,000 passengers, the German airport association ADV said.

Held every year in the capital of conservative-leaning Texas, the South by Southwest festival increasingly celebrates the state's emergence as a technology hub stepping out of Silicon Valley's shadow.

A sprawling Russian disinformation network is manipulating Western AI chatbots to spew pro-Kremlin propaganda, researchers say, at a time when the United States is reported to have paused its cyber operations against Moscow.

North Korea fired "multiple unidentified ballistic missiles" on Monday, South Korea's military said, the same day Seoul and Washington began a major annual joint military drill known as Freedom Shield.

Indonesian private tutor Patricia has been learning German for two years, armed with a dream of leaving for Europe and driven by a lack of opportunities, economic stagnation and little hope at home.

Crowds may have declined in the past two years but for those with runners at jumps racing's most prestigious meeting the atmosphere at the Cheltenham Festival is like being in "the Colosseum" trainer Jamie Snowden told AFP. The deafening 'Cheltenham Roar' from spectators gets its first rendition on Tuesday and brings the curtain up on 28 races over four days -- climaxing with the blue riband of steeplechasing the Cheltenham Gold Cup.

The Japanese owner of 7-Eleven said Monday it had agreed to jointly explore store sell-offs with a Canadian rival to address antitrust concerns ahead of a potential merger.

Shares in Hong Kong and Shanghai sank Monday on a mixed day for Asian markets after data showing Chinese consumer prices slipped back into deflation stoked fresh concerns over the world's number two economy.