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China likely to bid on building new Panama Canal ports
China likely to bid on building new Panama Canal ports
by  AFP

China is among parties interested in bidding to build two new ports on the Panama Canal, its administrator said Tuesday, despite US talk of retaking control of the vital trade route. The Panama Canal Authority, which has begun meeting with interested parties ahead of the bidding process, plans to award contracts for the two terminals in late 2026 and begin operations in 2029.

Pele's brand acquired by family business of Neymar Jr.
Pele's brand acquired by family business of Neymar Jr.
by  AFP

Iconic footballer Pele's brand came under the ownership of another prominent Brazilian athlete, Neymar Santos Jr., after the company owned by his father said Tuesday it had bought the rights to use it. Neymar Santos Sr., owner of NR Sports, announced the news at the Pele Museum in Santos, the coastal Brazilian city made famous by the legendary late player.

The AI boom hits a crossroads in 2026
The AI boom hits a crossroads in 2026
by  AFP

After three years of breakneck growth and soaring valuations, the AI industry enters 2026 with some of the euphoria giving way to tough questions. Anthropic founder Dario Amodei contends the next level of AI could debut in 2026 and become smarter than Nobel Prize winners.

How China leveraged its rare earths dominance over the US
How China leveraged its rare earths dominance over the US
by  AFP

China's stranglehold on the rare earths industry -- from natural reserves and mining through processing and innovation -- is the result of a decades-long drive, now giving Beijing crucial leverage in its trade war with the United States.

UK to unveil tax-raising budget
UK to unveil tax-raising budget
by  AFP

Britain's centre-left Labour government is set to unveil a tax-raising budget Wednesday to curb debt and fund public services, while aiming to reassure financial markets and voters alike. Reeves hiked a tax on businesses in her inaugural budget last year -- a move that has been blamed for Britain's weak economic growth.

Serbia's sole refinery faces shutdown after US sanctions
Serbia's sole refinery faces shutdown after US sanctions
by  AFP

Serbia's only oil refinery prepared to shut down on Tuesday, as the country's president set a deadline for the firm's Russian majority-owners to sell out and end US sanctions. "It has not been shut down yet, but it is already running at a reduced level compared to normal," Vucic said, weeks after sanctions cut off the refinery's supply of crude oil.

EU gives Germany free pass over defence spending
EU gives Germany free pass over defence spending
by  AFP

Germany will escape EU punishment for breaking the bloc's budget rules because of a defence spending exemption, the European Commission said on Tuesday. Germany's public deficit is expected to be above three percent in 2025, but it will not be punished because it is "fully explained by the increase in defence spending", the EU executive said.

US retail sales miss expectations as consumers see higher costs
US retail sales miss expectations as consumers see higher costs
by  AFP

US retail sales grew at a slower pace than anticipated in September, government data showed Tuesday, as higher prices added to affordability concerns while firms grappled with an uptick in business costs. On Tuesday, Commerce Department figures showed that September retail sales were up 4.3 percent from a year ago.