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'Significant' Xi, Trump talks win cautious optimism in China
A rare meeting between leaders Donald Trump and Xi Jinping has succeeded in temporarily stabilising US-China relations, analysts said on Thursday, with the talks drawing cautious optimism on the streets of Beijing. - Beijing residents told AFP on Thursday they hoped to see a knock-on effect from the talks.
Eurozone growth beats expectations in third quarter
The eurozone economy grew faster than expected in the third quarter of 2025, official data showed Thursday, buoyed by better-than-anticipated growth in France despite political turmoil in Europe's second-biggest economy. Thursday's data also showed the eurozone economy grew by only 0.1 percent in the second quarter of this year.
Shell's net profit jumps despite lower oil prices
British oil and gas giant Shell on Thursday said its net profit rose 24 percent in the third quarter as trading margins and sales volumes improved, despite falling oil prices. - Lower oil prices - French rival TotalEnergies also reported a sharp rise in third-quarter net profit on Thursday, jumping 61 percent to $3.7 billion.
Branson's Virgin moves closer to launching Eurostar rival
British entrepreneur Richard Branson vowed Thursday to "shake up" cross-Channel train services after regulators approved a key bid by his Virgin Group to share an east London depot with Eurostar. Although the tunnel is only used at about 50 percent capacity, previous rival bids for a new Channel service have hit hurdles including regulation and restricted station capacity.
Volkswagen posts 1-billion-euro loss on tariffs, Porsche woes
Volkswagen reported its first quarterly loss for five years Thursday, topping one billion euros, as the German auto giant struggles with US tariffs and a troubled electric shift at subsidiary Porsche. It is the latest bad news for VW and the wider German auto industry, and reflects broader problems for traditional manufacturers in Europe's struggling top economy.
Fentanyl, beans and Ukraine: Trump hails 'success' in talks with Xi
A beaming US President Donald Trump hailed his "great success" in talks with Chinese President Xi Jinping in the South Korean city of Busan on Thursday. However, he said after the talks in Busan the tariffs would be reduced to 10 percent -- bringing overall US tariffs on Chinese goods to 47 percent.
G7 meets on countering China's critical mineral dominance
Curbing China's critical mineral dominance will top the agenda at a G7 energy ministers meeting in Canada on Thursday, as industrialized democracies seek more reliable access to the resources that power future technologies.
Bank of Japan keeps interest rates unchanged
The Bank of Japan kept interest rates on hold Thursday at 0.5 percent, warning of lingering economic "high uncertainties" linked to US trade tariffs. "High uncertainties still remain regarding the impact of trade and other policies on economic activity and prices at home and abroad," the BoJ said in a statement following the decision.
With inflation under control, ECB to hold rates steady again
The European Central Bank is expected to keep interest rates unchanged for its third straight meeting Thursday with inflation hovering around its target and the eurozone economy holding up. Jose Luis Escriva, Spain's central bank chief and a member of the ECB's rate-setting governing council, told El Diario newspaper in a weekend interview that the "current level of interest rates is appropriate".
AFP
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