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Trump signs order to lower tariffs on beef, coffee, other goods
President Donald Trump signed an order Friday to lower US tariffs on agriculture imports such as beef, bananas, coffee and tomatoes, as his government comes under pressure from voters grappling with the escalating cost of living. Democrats swept all three of those races, with an intense focus on cost of living issues.
Return to bad days of hyperinflation looms in Venezuela
Venezuelans are grappling with political and economic chaos, a mass population exodus and fears of a US military attack. Maduro blames Venezuela's economic woes squarely on US sanctions.
US airspace recovers as budget shutdown ends
Transportation Secretary Sean Duffy said Thursday that US air travel is recovering after the disruptions caused by the more than month-long government funding shutdown. Flight traffic limits had been set in place as a consequence of the record-long US budget shutdown, which began on October 1 and ended on Wednesday.
At COP30, senator warns US 'deliberately losing' clean tech race with China
Senator Sheldon Whitehouse, one of only a handful of senior US political leaders attending this year's UN climate summit, told AFP Friday that President Donald Trump's America is "deliberately losing" the clean tech race to China.
Fossil fuel lobbyists out in force at Amazon climate talks: NGOs
Lobbyists tied to the fossil fuel industry have turned up in strength at the UN climate talks in the Brazilian Amazon, an NGO coalition said Friday, warning that their presence undermines the process. "Yet three decades and 30 COPs later, more than 1,500 fossil fuel lobbyists are roaming the climate talks as if they belong here," Bonbon said in a statement.
Stocks struggle on US rates, tech rally fears
Global stock markets struggled for momentum Friday as doubts built over whether the US Federal Reserve would cut interest rates next month and amid persistent fears of a tech bubble. Traders trimmed bets on a December rate cut after several Federal Reserve officials voiced concerns about cutting borrowing costs while inflation remained high.
A rare oil CEO shows up at COP30, spars with activists
The head of France's TotalEnergies, one of the few oil executives to attend UN climate talks in Brazil, jousted Friday with activists, defended his presence and sidestepped questions about his sector's role in global warming. Pouyanne attended an event on decarbonizing the oil and gas industry.
Bulgaria names manager to take over Russia's Lukoil refinery after US sanctions
Bulgaria on Friday nominated a senior government official to take control of a major Lukoil refinery in the east of the country following US sanctions against the Russian oil giant.
US, Switzerland say reached deal on trade and tariffs
The United States and Switzerland are set to unveil details of a trade pact Friday, with both sides reaching an agreement to sharply lower tariffs recently imposed by President Donald Trump, officials said. The Swiss government separately announced that Switzerland and the United States have found an agreement where US tariffs will be slashed from their current 39-percent level to 15 percent.
AFP
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