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Europe increasingly 'vulnerable' to shocks: ECB chief
European Central Bank chief Christine Lagarde warned Friday the region was increasingly "vulnerable" to shocks like US tariffs and is lagging behind in areas that will drive growth such as AI. The continent must urgently speed up its integration and overhaul a model of export-led growth that has faltered amid mounting geopolitical turmoil, she said in a speech to a banking conference.
Fossil fuel showdown looms on UN climate summit's final day
A breach, a blockade, and a blaze: tumultuous UN climate talks head into their final day Friday in the Brazilian Amazon, with countries still sharply split over fossil fuels.
Japan's Takaichi insists $135 bn stimulus fiscally 'responsible'
Japanese Prime Minister Sanae Takaichi insisted that a $135 billion stimulus package approved Friday was fiscally responsible and that she would reduce the country's colossal debt burden. Takaichi on Friday insisted that Tokyo's stance on Taiwan was "unchanged" and that she wanted "constructive and stable" relations with Beijing.
Afghanistan seeks new trade routes as Pakistan ties sour
Afghanistan is scrambling to diversify its trade partners after a deadly border clash with Pakistan last month brought ties to their lowest point in years, affecting people on both sides of the frontier.
Tech firms lead Asian stock rout as AI bubble fears linger
Tech firms led more steep losses across Asian markets Friday as investors struggled to shake off fears about an AI bubble and after a sell-off on Wall Street sparked by jobs data dealt a further blow to hopes for a US interest rate cut.
Scramble for Sudan's resources fuels brutal civil war
Behind the civil war tearing Sudan apart for more than two years lie the country's natural riches, with foreign powers vying for control of its gold, fertile farmland and coastline. - Farmland, trade corridor - The swathes of fertile farmland in Sudan, Africa's third-largest country and a potential agricultural breadbasket, have whetted the appetite of the desert Gulf countries across the Red Sea.
Livestream giant Twitch to ban under-16s in Australia
Livestream giant Twitch will be forced to remove all users under the age of 16 when Australia's strict social media laws take effect next month, Canberra's online regulator said Friday. From December 10, Australia will force social media platforms including Facebook, Instagram and TikTok to remove users under the age of 16 or face hefty fines.
ExxonMobil relaunches natural gas project in Mozambique
US energy giant ExxonMobil announced Thursday the resumption of its gas development project in Mozambique, which had been suspended for several years due to a jihadist insurgency. TotalEnergies announced on October 25 that it had lifted the force majeure and resumed its own project in Mozambique after operations were suspended for four years.
Italy probes Tod's executives over labour exploitation
Italy probes Tod's executives over labour exploitation
AFP
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