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Takaichi, Trump swap praise for 'new golden age' of ties
Japan's new premier Sanae Takaichi lavished US leader Donald Trump with praise and vows of a "golden age of ties" on his visit to Tokyo Tuesday, before inking a deal with Washington aimed at securing critical minerals. The two sides also signed an agreement aimed at "achieving resilience and security of critical minerals and rare earths supply chains," a statement said.
Meta and TikTok to obey Australia under-16 social media ban
Tech giants Meta and TikTok said Tuesday they will obey Australia's under-16 social media ban but warned the landmark laws could prove difficult to enforce. Australia will from December 10 force social media platforms such as Facebook, Instagram and TikTok to remove users under the age of 16.
Amazon to cut 30,000 office jobs: media reports
Amazon will lay off tens of thousands of office workers as the e-commerce and tech giant trims costs amid ramped-up investments in artificial intelligence, according to US media reports.
Russia's Lukoil to sell overseas assets after US sanctions
Russian oil giant Lukoil will sell its overseas assets, the company said late Monday, after it was hit with US sanctions over the war in Ukraine. "Owing to the introduction of restrictive measures against the company and its subsidiaries by some states, the company announces its intention to sell its international assets," Lukoil said in a statement.
Asia stocks surge on US-China trade deal breakthrough
Asian equities surged Monday as investors cheered a breakthrough in US-China trade talks that set the stage for leaders Donald Trump and Xi Jinping to finalise a deal, averting an escalation in the world's biggest trade dispute. Futures for US copper surged on the trade deal optimism, bolstering the outlook for global demand.
'Definitive solution' on Brazil-US trade within days: Lula
Brazil's President Luiz Inacio Lula da Silva said Monday a trade deal with the United States could happen within days, possibly easing punitive tariffs after months of animosity. Lula met President Donald Trump at an Association of Southeast Asian Nations (ASEAN) summit on Sunday, after urging the US leader earlier this month to lift punitive 50 percent trade tariffs.
ECB to hold interest rates steady with inflation subdued
The European Central Bank is expected to hold interest rates steady this week for its third straight meeting, with inflation under control and the long-struggling eurozone economy looking healthier. The eurozone economy has long been treading water, dragged down in particular by a poor performance in Germany, with growth rates lagging far behind those of China and the United States.
Australia sues Microsoft over 'misleading' AI offer
Australia's competition watchdog accused Microsoft on Monday of misleading people into paying for its AI assistant Copilot. But there was a partly hidden third option -- visible only when people started to cancel -- of sticking to existing "Classic" plans without Copilot for the original price, the Australian Competition and Consumer Commission said in a statement.
Novartis acquiring US firm Avidity Biosciences for $12 bn
Swiss pharmaceutical giant Novartis announced Sunday it had agreed to buy Avidity Biosciences, with the San Diego-based biopharmaceutical company being valued at $12 billion. Novartis, based in Basel in northern Switzerland, announced in April that it planned to invest $23 billion in the United States over five years. rjm/jj
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