Business

It's been three years since Giorgia Meloni became Italy's prime minister.  During her tenure, she has cut public deficit by more than half and brought unemployment down.  But beneath the surface, Italy's economy is still struggling, with weak growth, persistent structural weaknesses and an aging population. We also take a closer look at a row over Chinese-owned chipmaker Nexperia and the Dutch government is starting to raise concern in Europe's manufacturing sector. 

US entertainment giant Warner Bros. Discovery has said it is exploring a potential sale of all or some of its media assets, this after it turned down a second takeover bid by rival Paramount Skydance and its CEO David Ellison. The company, which houses such properties as Warner Bros. Studio, CNN and HBO Max, saw its shares surge on Tuesday. Also in this edition: Brazil allows state oil giant Petrobras to explore an oil site at the mouth of the Amazon River, in spite of environmental concerns.

The jewellery stolen from the Louvre in Paris on Sunday is valued at €88 million, according to the Paris prosecutor citing the museum's curator. Authorities are warning the robbers not to disassemble the pieces to sell the precious stones. Elsewhere, Japan's first female prime minister Sanae Takaichi faces economic challenges as she hopes to spur growth with Abenomics-style economic policies, at a time of rising inflation and a weaker yen. 

Washington and Canberra have signed a new agreement to strengthen cooperation on rare earths and critical minerals, in a bid to reduce dependence on China's supply chains. The deal, promising billions in potential investment, highlights efforts by both nations to secure vital resources amid escalating trade tensions with Beijing. Also in this edition: Amazon Web Services experienced a major outage on Monday, briefly disrupting internet traffic worldwide before the issue was resolved.

Hit by a major outage, Amazon Web Services (AWS) says it found significant errors in its Domain Name System, or DNS, which translates website names to IP addresses so browsers and apps can load on internet-connected devices. No evidence of foul play has been reported and the company says the DNS issue has been "fully mitigated", amid reports of a resurgence in issues. Also in the segment, Gucci owner Kering is selling its beauty unit to L'Oréal only two years after launching it, as the group aims to reduce debt.  

Chinese President Xi Jinping and Communist Party elites are in Beijing for the Fourth Plenary, where the roadmap for the country's industrial development over the next five years will be set. We take a closer look. But first, the country's latest economic data paints a troubling picture. 

US President Donald Trump says Prime Minister Narendra Modi has agreed that India will stop buying Russian oil, as American tariffs hit Indian exports to the United States. Treasury Secretary Scott Bessent has hinted at a possible de-escalation of the US–China trade war, while Argentina’s manufacturing sector is feeling the side effects of Javier Milei’s free-market policies.

Reintroducing a wealth tax has become a particularly divisive issue in France’s ongoing budget battle. In a world where the richest 1 percent hold more wealth than the bottom 95 percent combined, Susana Ruiz, Tax Policy Lead at Oxfam International, tells FRANCE 24 that taxing the rich is “a new common sense.” Also in this segment, Elon Musk’s Starlink has come under scrutiny amid allegations it is helping to power online scam centres in Southeast Asia.

In the face of an unprecedented political crisis, France's re-appointed prime minister Sébastien Lecornu proposed suspending President Emmanuel Macron's signature pension reform enacted in 2023.  Speaking before parliament, Lecornu warned however of the estimated cost of such a move as he pressed lawmakers to agree on next year's budget.  Also in the segment, the US and China have started collecting new tit-for-tat port fees imposed on each other's maritime transport and shipping industry. 

Port fees imposed by China and the US took effect on Tuesday, adding a new front to the trade war between the world’s two largest economies. In this edition, we explore the reasons behind these new fees and their impact on the broader talks between Washington and Beijing. Also, we examine how US soybean farmers are being affected by China’s halt on imports of US-produced soybeans.