Economy
Xi, Biden to meet as Trump return looms
US President Joe Biden and Chinese counterpart Xi Jinping will hold their last meeting Saturday, a day after both leaders warned of turbulent times ahead as Donald Trump returns to the White House. - 'Significant political change' - Xi and Biden, who will be meeting for the third time overall, warned separately at the summit on Friday of choppy waters ahead.
Farmers target PM Starmer in protest against new UK tax rules
Hundreds of farmers, many in tractors, gathered in Wales on Saturday to protest against UK Prime Minister Keir Starmer and his government's decision to change inheritance tax rules for farms. Farming unions have called the planned changes "disastrous", and around 200 farmers gathered outside the Welsh Labour conference in Llandudno on Saturday, where Starmer was speaking inside.
Fitch upgrades Argentina debt rating amid economic pain
Credit ratings agency Fitch upgraded Argentina's sovereign debt rating to "CCC" from "CC" on Friday, citing improved ability to meet upcoming foreign debt payments and successful economic reforms under President Javier Milei. Fitch warned that significant challenges remain ahead, with Argentina facing large debt payments of $4.3 billion due in both January and July 2025.
More electric vehicle to compete with Innoson as Taiwan launches special motorcycle in Nigeria
Taiwan's Chief Missioner in Nigeria, Andy Yih-Ping Liu, has introduced electric motorcycles to support Nigeria's efforts to achieve a carbon-free environment.
Boeing strike will hurt Ethiopian Airlines growth: CEO
Africa's biggest carrier, Ethiopian Airlines, is feeling the effects of a bitter seven-week strike at plane maker Boeing, its chief executive told AFP on Friday, warning that consequences could stretch into the longterm. "Delivery dates of the air planes that we have ordered from Boeing are still sleeping," Ethiopian Airlines CEO Mesfin Tasew told AFP in Addis Ababa.
End of a love affair: news media quit X over 'disinformation'
News outlets have begun quitting X, formerly Twitter, once a favourite of global media but now accused of enabling the spread of disinformation under its owner, president-elect Donald Trump ally Elon Musk. The question has flared up again since Trump won this month's presidential election, actively supported by Musk.
US finalizes up to $6.6 bn funding for chip giant TSMC
The United States will award Taiwanese chip giant TSMC up to $6.6 billion in direct funding to help build several plants on US soil, officials said Friday, finalizing the deal before a new administration enters the White House. Besides the $6.6 billion in direct funding, the United States is also providing up to $5 billion in proposed loans to TSMC Arizona.
US retail sales lose steam in October after hurricanes
Retail sales in the United States slowed in October, according to government data released Friday, with analysts noting that devastating hurricanes in recent months likely disrupted consumption. Sales rose 0.4 percent in October from a month prior to $718.9 billion, according to Department of Commerce data.
Jeff Beck guitar collection to go under the hammer in January
A collection of guitars and other musical equipment owned by influential rock guitarist Jeff Beck will go on sale in London in January, Christie's auctioneers announced on Friday. The full collection will go on show for a week at Christie's London headquarters before the January 22 sale.
Economy
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