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Bolivian ex-president, who fled to US, sentenced to six years prison
A Bolivian court has sentenced ex-president Gonzalo Sanchez de Lozada in absentia to six years and three months in prison for handing out dozens of oil contracts without parliamentary approval, the justice ministry said Tuesday.
Retailers point to solid US sales over holiday weekend
US consumers turned out in force in stores and online over the Thanksgiving weekend, a key stretch in the holiday shopping season, a leading retailer group said Tuesday. A total of 126 million people shopped in-store in 2024 compared with the 124.3 million who shopped online; the reverse was true in 2023.
Cash crunch pushes Libyans to bank cards despite hurdles
In Libya, a shortage of cash in the banking system has pushed many to turn to cards for payments after more than a decade of war and instability has hammered the country's financial system.
Defying headwinds, Germany stocks hit milestone
Germany's blue-chip DAX stock index jumped above 20,000 points for the first time Tuesday following gains on US and Asian markets, defying multiple headwinds battering Europe's biggest economy. The index, which groups the 40 largest publicly-traded companies on the Frankfurt Stock Exchange, reached 20,022 points at around 0900 GMT before slightly paring its gains.
China curbs exports of key chipmaking components to US
Beijing said Tuesday it would restrict exports to the United States of some key components in making semiconductors, after Washington announced curbs targeting China's ability to make advanced chips. In its own latest curbs, Washington on Monday announced restrictions on sales to 140 companies, including Chinese chip firms Piotech and SiCarrier, without additional permission.
US 'disappointed' after plastic pollution talks collapse: White House
The US government said Tuesday it was "disappointed" after nations negotiating a global treaty to curb plastic waste failed to reach a deal, blaming a "small group" of countries and producers for blocking progress. "A small group of countries and producers stood in the way of progress to protect their profits and perpetuate an inadequate status quo," it said.
China lifts final bans on Australian red meat as trade row nears end
China has fully lifted suspensions on Australian red meat, Canberra said Tuesday, dismantling one of the final barriers in a four-year trade war that hammered US$13 billion of exports. China lifted suspensions on eight Australian slaughterhouses in May this year but kept barriers in place for two facilities.
Biden kicks off two-day Angola visit
US President Joe Biden is in Angola on Tuesday for the first and only visit to sub-Saharan Africa of his presidency, which is focused on a major infrastructure project that is a counterpoint to China's investments.
Trump vows to defend US dollar hegemony, but is it under threat?
US President-elect Donald Trump has threatened retaliation against governments that challenge the US dollar, vowing "100 percent tariffs" on countries that undercut the US currency. The system has evolved since that time and several countries have stopped indexing their currencies to the dollar, but without challenging its status as the global reserve currency.
AFP
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