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Trump concerned S. Korean arrests could 'frighten' investors
President Donald Trump on Sunday said foreign workers sent to the United States are "welcome" and he doesn't want to "frighten off" investors, 10 days after hundreds of South Koreans were arrested at a work site in Georgia.
New round of US-China trade talks kicks off in Madrid
China and the United States kicked off the latest round of trade talks on Sunday in Madrid, where they are set to thrash out their TikTok dispute and President Donald Trump's promised hefty tariffs. Top leaders from both countries will also discuss their dispute over the TikTok social media platform during the meetings in Madrid.
Lab-grown diamonds robbing southern Africa of riches
Botswana and southern African peers that built much of their prosperity on diamonds are scrambling for alternatives as cheaper, lab-grown stones threaten their economies. Just steps away, a lab-grown diamond valued at $115 was unguarded.
US Fed poised for first rate cut of 2025 as political tension mounts
The US Federal Reserve is widely expected to make its first interest rate cut of the year at its policy meeting this week, spurred by a weakening jobs market -- but political tension looms over the gathering. Analysts now broadly expect a 25 basis points rate cut at the end of its two-day meeting on Wednesday, as hiring slows.
US to stop collecting emissions data from polluters
The United States moved on Friday to dismantle a "burdensome" federal program that tracks greenhouse gas emissions across the US economy, the latest step by President Donald Trump's administration to undercut efforts against climate change. Democrats had anticipated the move after they obtained documents in the spring that indicated the change was planned.
Boeing defense workers reject deal to end strike
Boeing workers at its St. Louis area defense factories will stay on strike after union members voted Friday to reject a new contract offer from the US aviation giant. "We're disappointed our employees have rejected a five-year offer, including 45 percent average wage growth," said Dan Gillian, a senior St. Louis site executive with Boeing.
Russia cuts interest rate as economy slows
Russia's central bank on Friday cut its key interest rate, but warned inflation was still too high, amid growing fears of an economic slowdown after bloated spending on the Ukraine offensive. The bank is now gradually trimming interest rates from a two-decade high of 21 percent.
France risks credit downgrade as new PM tackles budget
France on Friday risks a downgrade on its ability to pay back debts, economists said, a move that would further complicate new Prime Minister Sebastien Lecornu's task of drawing up a budget for next year.
Armani's will lays path to potential buyout by rival
Fashion legend Giorgio Armani asked in his will made public Friday for a major luxury group to take a stake in his company, citing LVMH, EssilorLuxottica or L'Oreal as potential buyers. He named French luxury giant LVMH, cosmetics group L'Oreal and eyewear firm EssilorLuxottica as his preferred buyers, although another of similar stature would also be acceptable.
AFP
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