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Amazon launches first internet satellites to compete against SpaceX's Starlinks

Amazon's first batch of internet satellites rocketed into orbit Monday, the latest entry in the mega constellation market currently dominated by SpaceX's thousands of Starlinks.

The United Launch Alliance's Atlas V rocket carried up 27 of Amazon's Project Kuiper satellites, named after the frigid fringes of our solar system beyond Neptune. Once released in orbit, the satellites will eventually reach an altitude of nearly 400 miles (630 kilometers).

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Coca-Cola reports better-than-expected quarterly profit, says can manage through tariffs

Coca-Cola reported better-than-expected earnings in the first quarter and said the impact of tariffs on its business are likely to be "manageable."

Revenue fell 2% to $11.1 billion in the January-March period, the company said Tuesday. That was in line with Wall Street's expectations, according to analysts polled by FactSet.

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With China and US at intense economic odds, nations are being forced to choose sides

One went to the United States. The other went to China. It was a sign of the times.

While the Swiss president was in Washington last week to lobby U.S. officials over President Donald Trump's threatened 31% tariff on Swiss goods, the Swiss foreign minister was in Beijing, expressing his nation's willingness to strengthen cooperation with China and upgrade a free trade agreement.

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China shrugs off threat of US tariffs to economy, says it has tools to protect jobs

China's leaders are downplaying the potential impact from U.S. President Donald Trump's trade war, saying they have the capacity to protect jobs and limit damage from higher tariffs on Chinese exports.

The briefing Monday by several senior officials of different government ministries appeared aimed at shoring up confidence with promises of support for companies and the unemployed, easier lending conditions and other policies to counter the impact of combined tariffs of up to 145% on U.S. imports from China.

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Saudi Arabia and Qatar to pay back Syria's debt to the World Bank

Saudi Arabia and Qatar said Sunday they will pay Syria's outstanding debt to the World Bank, a move likely to make the international institution resume its support to the war-torn country.

A joint statement by the finance ministries of Saudi and Qatar said the decision to pay Syria's nearly $15 million debt to the World Bank was made during this month's meetings in Washington by the World Bank and IMF.

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Swiss leader says Trump administration foresees 'privileged' talks with 15 countries on US tariffs

The Swiss president says Switzerland is among 15 countries with which the United States plans to conduct "privileged" negotiations to help reach a deal in the wake of sweeping U.S. tariffs on dozens of countries that have shaken global markets.

Karin Keller-Sutter, in an interview with broadcaster SRF published Friday, said she was "satisfied" with talks in Washington this week that included an International Monetary Fund conference and her one-on-one meeting with U.S. Treasury Secretary Scott Bessent. Keller-Sutter also serves as Switzerland's finance minister.

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Arms maker Saab posts record sales as Europe rearms

Swedish defense group Saab on Friday reported soaring quarterly earnings and record sales as European countries beef up their defense capacities amid geopolitical tensions and uncertainties.

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Lebanon gets $250 million World Bank loan to ease electricity crisis

The World Bank will grant Lebanon a $250 million loan that will be used to help ease electricity cuts in the crisis-hit country, the country's finance ministry said.

Lebanon has faced major electricity problems for decades, but the situation became worse following an economic meltdown that began in late 2019. The 14-month Israel-Hebzollah war that ended in late November also badly damaged electricity and other infrastructure in parts of Lebanon.

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IMF chief urges countries to move 'swiftly' to resolve trade tensions

The head of the International Monetary Fund urged countries to move "swiftly'' to resolve trade disputes that threaten global economic growth.

IMF managing director Kristalina Georgieva said the unpredictability arising from President Donald Trump's aggressive campaign of taxes on foreign imports is causing companies to delay investments and consumers to hold off on spending.

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Musk damaged Tesla's brand in just a few months. Fixing it will likely take longer

Elon Musk has been called a Moonshot Master, the Edison of Our Age and the Architect of the Future, but he's got a big problem at his car company and it's not clear he can fix it: damage to its brand.

Sales have plunged for Tesla amid protests and boycotts over Musk's embrace of far right-wing views. Profits have been sliced by two-thirds so far this year, and rivals from China, Europe and the U.S. are pouncing.

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