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China confirms Xi to attend G20 summit, meet Biden
China confirms Xi to attend G20 summit, meet Biden
World
by  AFP

Xi Jinping will attend the G20 summit in Indonesia next week and meet his US counterpart Joe Biden, Beijing's foreign ministry confirmed on Friday, in their first in-person talks since the Chinese president sealed a historic third term as leader last month.

UK economy contracts in third quarter
UK economy contracts in third quarter
Business and Economy
by  AFP

Britain's economy shrank in the third quarter, official data showed Friday, likely confirming it is already in a recession forecast to last some time. The BoE also warned that Britain's economy could remain in recession until the middle of 2024.

SoftBank posts Q2 net profit after Alibaba share sales
SoftBank posts Q2 net profit after Alibaba share sales
Business and Economy
by  AFP

Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from its recent reduction of its stake in Chinese e-commerce giant Alibaba. In August, SoftBank announced it would sell down some of its shares in Alibaba, reducing its stake in the Chinese tech giant to around 15 percent from 24 percent.

Finland's foresters decry 'unfair' EU climate plans
Finland's foresters decry 'unfair' EU climate plans
Business and Economy
by  AFP

Standing next to a freshly-cut clearing the size of seven football fields, Finnish forest engineer Matti Jappila pointed to growth rings in an up to 300-year-old tree stump. The loud noise of a clearing saw filled the thick boreal forest of spruce and birch, as Jappila prepared another part of his estate to be cut down in December -- before the EU can force him to protect it.