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Erosion of multilateralism threatens global stability: S.Africa leader
Erosion of multilateralism threatens global stability: S.Africa leader
by  AFP

The erosion of multilateralism threatens global growth and stability, President Cyril Ramaphosa warned Wednesday at a G20 finance meeting in South Africa marked by the absence of the US Treasury secretary. "The erosion of multilateralism presents a threat to global growth and stability," Ramaphosa said in his opening address.

Indonesia agrees deal with Apple that could end iPhone sales ban: reports
Indonesia agrees deal with Apple that could end iPhone sales ban: reports
by  AFP

Indonesia has struck a deal with Apple for the tech giant to invest in the country, local media reported a minister as saying Wednesday, in a move that could end a ban on iPhone 16 sales in Southeast Asia's biggest economy. The MoU allows for the revoking of the iPhone 16 sales ban under certain conditions, according to the reports.

Hong Kong to slash public spending, build AI institute
Hong Kong to slash public spending, build AI institute
by  AFP

Hong Kong will cut public spending and restore fiscal balance by mid-2027 after a string of huge deficits, the city's finance chief said Wednesday as he unveiled growth plans including an artificial intelligence institute.

Under pressure, EU to take axe to green rules
Under pressure, EU to take axe to green rules
by  AFP

The EU is expected to roll back a slew of environmental rules on Wednesday as it charges ahead with a deregulation drive in a bid to keep up with the United States and China. Climate groups oppose paring back the rules.

Shunned by US, Europe courts India over trade and security
Shunned by US, Europe courts India over trade and security
by  AFP

The EU's top team is to embark on an "unprecedented" visit to India this week, as the bloc seeks to broaden its commercial and diplomatic ties to hedge against souring relations with the United States. The trip is the latest sign of a Brussels push to diversify ties away from the United States and position itself as a reliable partner for others looking to do business.