Economy
US trade envoy finds China shipbuilding policies 'actionable'
The US Trade Representative said Thursday that its probe into China's practices in the shipbuilding, maritime and logistics sectors found that Beijing's "targeted dominance" warranted action. The USTR investigation found China's efforts to dominate the sector "unreasonable" as it displaces foreign firms and creates dependencies on the world's second biggest economy.
Insurance access for US homeowners with higher climate risks declines
Homeowners in areas of the United States with the highest climate-related risks saw declining access to insurance, a Treasury Department report released Thursday said. Average insurance non-renewal rates were about 80 percent higher for consumers in high-climate-risk areas than for those in the lowest-risk ones, the report found.
China set to post sluggish growth as doldrums deepen
China is set on Friday to post some of its weakest growth in decades, as leaders grapple with economic doldrums and nervously eye a potential trade standoff with incoming US President Donald Trump.
Music industry girds for looming US TikTok ban
TikTok has dramatically changed music discovery and marketing -- a reliance the looming US ban on the popular app has underscored as the music world braces for an unknown future. And Americans are already trying new alternatives, like China's popular viral video app RedNote.
Musk's Starship set for launch after Bezos orbital triumph
The rivalry between the world's two richest men is going cosmic.
EU's ex-tech chief joins Bank of America as advisor
The EU's influential former tech enforcer Thierry Breton will join Bank of America's advisory council, he told AFP on Thursday, a move denounced by one lawmaker as flouting a lobbying ban. Breton confirmed to AFP that he would be a member of the global advisory council, a role he held before joining the commission, from 2013 to 2019.
S.Africa rescuers say clearance of clandestine miners now over
Rescuers retrieving illegal miners from a disused South African gold shaft said on Thursday a final sweep appeared to show nobody was left underground, after 78 bodies and more than 200 miners were lifted out this week. - 'Those who try' - The cage was sent down again with cameras on Thursday for a final sweep.
Surf star Slater pays tribute as Quiksilver co-founder Green dies
Surf star Kelly Slater paid tribute on Thursday to Alan Green, the man who launched his career, after the co-founder of the iconic Quiksilver brand died aged 77. Green died of cancer at his home in Torquay, Australia, on Thursday, a spokeswoman for the Boardriders group, which owns Quiksilver, told AFP. "Love you, Greeny.
US Treasury nominee says Trump can usher in 'economic golden age'
Donald Trump's nominee for Treasury chief spoke Thursday of ushering in "a new economic golden age," as he faced grilling by lawmakers about the incoming US administration's economic agenda. On Thursday, he told the Senate Finance Committee that Trump has a "generational opportunity to unleash a new economic golden age that will create more jobs, wealth and prosperity for all Americans."
Economy
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