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China's Xi urges APEC unity in face of 'protectionism'
Chinese President Xi Jinping on Saturday called for Asia-Pacific economies to "unite and cooperate" in the face of mounting "protectionism," at a summit in Peru. Speaking to Asia-Pacific Economic Cooperation (APEC) leaders hours before he is due to hold talks with US counterpart Joe Biden, Xi pointed to "challenges such as geopolitics, unilateralism and rising protectionism."
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.
Pompeii rejects 'mass tourism' with daily visitor limit
The world-famous Pompeii archaeological park introduced a daily limit of 20,000 visitors on Friday, the latest Italian tourist site to take action against overcrowding. Zuchtriegel said efforts were also underway to open alleyways and streets in Pompeii that are currently closed, which would provide more space for visitors and allow organisers to raise the 20,000 daily limit.
Palestinians turn to local soda in boycott of Israel-linked goods
In a red box factory that stands out among the drab hills of the West Bank, Chat Cola's employees race to quench Palestinians' thirst for local products since the Gaza war erupted last year. "The demand for (Chat Cola) increased since the war began because of the boycott," owner Fahed Arar, told AFP at the factory in the occupied West Bank town of Salfit.
UK growth slows in third quarter, dealing blow to Labour government
Britain's economy grew less than expected in the third quarter, official data showed on Friday, dealing a blow to the Labour government that has set its sights on growth expansion. Separate data this week showed Britain's unemployment rate jumping more than expected, climbing 4.3 percent in the third quarter from 4.0 percent in the three months to the end of August. ajb/gil
AFP
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