The US military carried out a strike on a terrorist vessel in the Caribbean, killing three, as part of a wider campaign that destroyed 18 boats and killed 70.
The Nigerian currency, the naira, has emerged among Africa's best-performing currencies, ranking high in a newly released report for October 2025.
The Federal Reserve is expected to announce its second rate cut of the year on Wednesday, despite a lack of clarity over the health of the US economy due to the ongoing government shutdown. Swonk expects the Fed to cut twice more this year, and to announce an end to its program of shrinking its balance sheet next week -- known as quantitative tightening -- in the face of rising liquidity risks.
Division and suspicion have gripped five villages near Kenya's coast as global powers from the United States to China eye a forest that is rich in rare earths -- minerals vital to high-tech and low-carbon industries. But it now sees a major opportunity, particularly as China -- the biggest source of rare earths -- increasingly limits its exports.
France's TotalEnergies said Saturday the consortium it leads to build a $20-billion liquified natural gas project in Mozambique has decided to lift a suspension on the work imposed in 2021 because of jihadist violence. The French oil and gas company is the lead partner in the Mozambique LNG consortium, with a 26.5 percent stake.
French lawmakers were due on Saturday to vote on a wealth tax, after a swing group threatened to topple the government if the levy was not added in next year's austerity budget. But the Socialists, a swing group in parliament, have also demanded a tax on the uber-wealthy, without which they have threatened to topple his government as soon as Monday.
US President Donald Trump headed for Asia on Saturday and high-stakes trade talks with Chinese counterpart Xi Jinping, saying that he would also like to meet North Korean leader Kim Jong Un on his trip. Trump will meet South Korean President Lee Jae Myung, address an APEC lunch with business leaders and meet US tech bosses for dinner on the sidelines of the summit in the city of Gyeongju.
The Philippines is laying out the red carpet this week to some of golf's biggest names, part of a grand government plan to diversify tourism with sport at the forefront. In conjunction with the top-class field this week, music concerts are part of an entertainment package to send a message that the Philippines should be on every golf tourist's to-do list.
European automakers already buffeted by US tariffs and a rocky shift toward electric vehicles now face a new threat: a shortage of key semiconductors supplied by Chinese-owned Nexperia. "Without these chips, European automotive suppliers cannot build the parts and components needed to supply vehicle manufacturers and this therefore threatens production stoppages," the group said.
Two years after a stunning election victory, Argentina's libertarian president, Javier Milei, faces a tough legislative election on Sunday. Facing this "pro-Milei" bloc is the Peronist opposition, in power for 17 of the past 23 years.
German sports car maker Porsche sunk to a third-quarter loss of almost one billion euros ($1.16 billion), the firm said Friday, as it grappled with the costs returning to petrol and delaying its electric vehicle (EV) rollout. Porsche in September said it would delay the introduction of some fully electric cars and extend the life of some combustion engine and hybrid models.
Economy
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