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China's Xi to meet South Korean leader, capping APEC summit
China's Xi to meet South Korean leader, capping APEC summit
by  AFP

Xi Jinping will sit down with South Korean counterpart Lee Jae Myung on Saturday, after taking centre stage at an Asian summit in the wake of a US leader Donald Trump's departure. Trump chose to return to the United States following those talks, leaving the Chinese leader to take centre stage at a summit in which he has framed Beijing as a counterweight to an American-led international order.

Food stamps, the bulwark against hunger for over 40 mn Americans
Food stamps, the bulwark against hunger for over 40 mn Americans
by  AFP

The ongoing budget deadlock in the United States is threatening food security of around 42 million Americans who receive food stamps at the start of each month to help get by. Today, around one-in-eight Americans receive SNAP benefits each month based on income, according to the Department of Agriculture.

US Fed official backed rate pause because inflation 'too high'
US Fed official backed rate pause because inflation 'too high'
by  AFP

A senior member of the US Federal Reserve on Friday said he voted against cutting interest rates this week because inflation was "too high" for comfort. Among the 10-2 majority voting for a quarter-point cut this week was Fed governor Christopher Waller, a Trump nominee who is on the five-person shortlist to take over from Powell when he steps down as Fed chair next May.

Swiss central bank profits boosted by gold price surge
Swiss central bank profits boosted by gold price surge
by  AFP

Switzerland's central bank on Friday reported a profit of 12.6 billion Swiss francs ($15.7 billion) for the first nine months of 2025, boosted by soaring gold prices and rising stock markets. To diversify its reserves, the Swiss central bank's equity portfolio uses a passive strategy that reflects stock market indices rather than picking stocks out to generate profits.

Profits dip at ExxonMobil, Chevron on lower crude prices
Profits dip at ExxonMobil, Chevron on lower crude prices
by  AFP

US oil giants ExxonMobil and Chevron reported lower earnings Friday as the decline in oil prices offset the lift from higher production. The results showed the impact on earnings from crude oil prices in the $60-$70 per-barrel range, down about $10 from the 2024 period.

2,000 trucks stuck in Belarus after Lithuania closes border: association
2,000 trucks stuck in Belarus after Lithuania closes border: association
by  AFP

Some 2,000 trucks were stranded Friday in Belarus after Lithuania closed its border in response to recent airspace disruptions, a truckers association said. "Around 2,000 trucks are stranded in Belarus," Oleg Tarasov, vice president of Linava, the Lithuanian road carriers' association, told AFP on Friday.