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Author's articles
Trump says 'very wealthy' group to buy TikTok
President Donald Trump said Sunday a group of buyers had been found for TikTok, which faces a looming ban in the United States due to its China ties, adding he could name the purchasers in two weeks. In mid-June Trump extended a deadline for the popular video-sharing app by another 90 days to find a non-Chinese buyer or be banned in the United States.
Strike shuts down Bangladesh's biggest port
Operations at Bangladesh's biggest port were suspended on Sunday as a strike by customs officials brought shipping activity to a halt. Mahmud Hasan Khan, president of the Bangladesh Garment Manufacturers and Exporters Association, said the halt in port operations would cost the industry $222 million.
Trump metal tariffs wreak havoc on US factory
In the sweltering US summer, metal containers decorated with snowmen and sleighs are taking shape -- but tempers are also rising as their manufacturer grapples with President Donald Trump's steep steel tariffs. But Trump's tariffs are complicating this task.
'Eat the rich': Venice protests shadow Bezos wedding
At least 500 protesters marched through Venice on Saturday, condemning Amazon founder Jeff Bezos's wedding to journalist Lauren Sanchez, a lavish affair that has drawn backlash in the historic Italian city. The ceremony capped off a week of yacht parties and VIP events, due to end with a lavish ball Saturday night -- as Venetians remain divided over the impact on the city's image.
US inflation edges up as Trump renews criticism of Fed chief
The US Federal Reserve's preferred inflation measure logged a mild uptick Friday while spending weakened, triggering another tirade by President Donald Trump against the central bank chair for not cutting interest rates sooner. But central bank officials have not rushed to slash interest rates, saying they can afford to wait and learn more about the impact of Trump's recent duties.
UK govt climbs down on welfare cuts in latest U-turn
The UK government backed down Friday on controversial plans to slash disability and sickness benefits after a major rebellion by MPs, dealing a blow to Prime Minister Keir Starmer's authority. The prime minister has a massive majority of 165 MPs, meaning he should be able to force whatever legislation he wants through parliament.
US Fed's preferred inflation gauge picks up as tariff effects loom
The US Federal Reserve's preferred measure of inflation edged up in May while spending weakened, government data showed Friday, with policymakers monitoring the effects of President Donald Trump's tariffs in the coming months. But central bank officials have said they expect to learn more about the impact of tariffs over the summer, meaning they will be scrutinizing data in the coming months.
Spain makes Booking.com scrap 4,000 tourist rental ads
Online hotel booking giant Booking.com on Friday said it had taken down thousands of advertisements in Spain in the leftist government's latest crackdown on illegal short-term tourist rentals. Spain has also ordered online tourist accommodation giant Airbnb to take down more than 65,000 adverts for violating licence rules and has been in a legal battle with the US-based company.
China confirms trade deal framework reached with United States
China confirmed on Friday details on the framework of a trade deal with the United States, saying Washington would lift "restrictive measures" while Beijing would "review and approve" items under export controls. Under the deal, China "will review and approve applications for the export control items that meet the requirements in accordance with the law".
AFP
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