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Asian markets struggle to build on week's rally
Markets fluctuated Friday at the end of a strong week for equities fuelled by growing expectations that the Federal Reserve will cut interest rates again next month. The yen swung against the dollar after data showed inflation in Tokyo, seen as a bellwether for Japan, came in a little higher than expected, reigniting talk on whether the central bank will hike interest rates in the coming months.
China, inflation could pop Japan PM's bubble
Charming Donald Trump one week, angering China the next, Japan's Prime Minister Sanae Takaichi has had a busy start and is riding high in the polls, all on a few hours of sleep a night. - Hole in one - Takaichi has admitted only sleeping two to four hours a night.
Government groceries? NY's new leftist mayor eyes supermarket experiment
New Yorkers struggling to afford food in the country's biggest city -- and often exorbitantly expensive financial capital -- may finally get a break if the incoming socialist mayor's daring new plan succeeds. Democratic Socialist Zohran Mamdani won a stunning victory, in part on his promise to open affordable city-run supermarkets.
Carney advances new Canada oil pipeline, raising climate concerns
Canadian Prime Minister Mark Carney signed an agreement Thursday with the western energy-producing Alberta province to advance a new oil pipeline, a divisive move raising concern about Ottawa's commitment to confronting climate change.
Venezuela foreign airline ban slammed as 'disproportionate'
Venezuela's decision to ban foreign airlines that stopped flying to the Caribbean country over concerns about US military activity was branded "disproportionate" on Thursday as thousands of passengers scrambled to save their travel plans. Portuguese Foreign Minister Paulo Rangel accused Venezuela on Thursday of a "disproportionate" reaction.
Europe secures record space budget to boost indepedence
The European Space Agency announced Thursday it had secured a record budget of 22.1 billion euros to fund its programmes for the next three years, as the continent seeks greater independence in space. The programme, with an estimated 1.35-billion-euro budget, has both civilian and military applications and aims to strengthen European security.
Swiss MPs seek probe into lavish Trump gifts after tariff deal
Two Swiss lawmakers have asked the country's attorney general to probe the legality of gifts reportedly given to US President Donald Trump by Swiss business leaders days before the two nations cut a breakthrough tariff deal. When Washington and Bern struck a deal slashing tariffs on Swiss goods to 15 percent 10 days later, criticism of what has been dubbed "gold bar diplomacy" resurfaced.
EU could hit X with fine before 2025 ends
The European Union could fine Elon Musk's X platform for breaking its digital rules by the end of 2025 -- two years into a probe that has tested the bloc's resolve to police the online space. The EU executive doesn't want the X probe to drag on for much longer and is expected to slap a fine before the end of the year.
South Africa slams Trump's G20 ban as punitive
South Africa denounced US President Donald Trump's decision to bar it from the 2026 G20 summit, calling the move punitive and driven by distortions that erode global cooperation.
AFP
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