AFP
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Russia cuts key interest rate, warns of tepid growth
Russia's central bank on Friday cut its benchmark interest rate and said growth had slowed to almost zero as the economy sags under the cost of the Ukraine offensive and Western sanctions. But the central bank says high rates are needed to bring down inflation that was still above eight percent in October, double the central bank's target.
China vows massive high-tech sector development in next decade
China will develop its high-tech sector on a massive scale in the next decade, top officials vowed Friday, a day after meetings on the country's future policy priorities concluded in Beijing. "The new scale added in the next 10 years is expected to reshape China's high-tech sector," development official Zheng Shanjie told reporters at a news conference.
French government faces threat of censure over wealth tax
A swing group in French parliament on Friday said that if a 2026 budget bill was not changed to include a tax on the supremely wealthy, it would vote down the government. But the Socialists, a swing group in the hung National Assembly, have also demanded a tax on the ultra-rich, which Lecornu has refused and not included in the draft budget.
EU accuses Meta, TikTok of breaking digital content rules
The EU accused Meta and TikTok on Friday of breaking the bloc's digital content rules, putting the companies at risk of hefty fines. EU digital spokesman Thomas Regnier pushed back on Friday against accusations, especially from the United States, that the DSA is a tool of censorship.
China, US 'can find ways to resolve concerns' as negotiators set to meet
Beijing and Washington "can totally find ways to resolve each other's concerns", China's commerce minister said Friday, as officials from both sides were set to meet in Malaysia for trade talks. Commerce minister Wang Wentao said Friday that the previous meetings had shown "China and the United States can totally find ways to resolve each other's concerns".
Trump says all Canada trade talks 'terminated'
US President Donald Trump said Thursday he was ending trade talks with Canada over an anti-tariff advertising campaign, a sudden about-face soon after a cordial White House meeting with Prime Minister Mark Carney.
Trump's Asia tour set to spotlight trade challenges
US President Donald Trump's trip to Asia which begins Sunday carries significant economic stakes for countries around the region, with multiple tariff deals still pending and a trade dispute simmering between Washington and Beijing.
Ivorian brothers dream of transforming cocoa industry
In a factory in southern Ivory Coast, where machines hum to produce chocolate bars and spreads, twin brothers dream of becoming "giants of cocoa processing". Ivory Coast, which holds its presidential election this Saturday, is the world's leading cocoa producer but only processes about 40 percent locally while the rest is exported.
Alaska Airlines grounds entire fleet over IT outage
Alaska Airlines said Thursday it had temporarily suspended all flights due to a tech outage, three months after a similar incident. Alaska Airlines, the fifth-largest US carrier, experienced a similar outage on July 20, which lasted about three hours.
AFP
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