AFP
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EU gives Germany free pass over defence spending
Germany will escape EU punishment for breaking the bloc's budget rules because of a defence spending exemption, the European Commission said on Tuesday. Germany's public deficit is expected to be above three percent in 2025, but it will not be punished because it is "fully explained by the increase in defence spending", the EU executive said.
US retail sales miss expectations as consumers see higher costs
US retail sales grew at a slower pace than anticipated in September, government data showed Tuesday, as higher prices added to affordability concerns while firms grappled with an uptick in business costs. On Tuesday, Commerce Department figures showed that September retail sales were up 4.3 percent from a year ago.
EU says must 'step up' against China rare earths 'racket'
The European Union must ramp up efforts to break its dependence on China for rare earths faced with export curbs that amount to a "racket" by Beijing, the bloc's industry chief Stephane Sejourne said Tuesday. China, the world's top producer of rare earths, in October announced new controls on the export of the elements, used to make magnets crucial to the auto, electronics and defence industries.
Kyrgyzstan arrests Chinese CEO of gold mining firm
Kyrgyzstan said Tuesday it had arrested the Chinese CEO of a gold mining firm accused of causing "large-scale" environmental damage, amid growing public scrutiny over Beijing's influence in the Central Asian country. "The activities of the mine ... caused particularly large-scale damage," it said.
EU, Africa talks hone in on closer ties in Angola
European leaders sought to put some meat on the bones of pledges to boost ties with Africa on Tuesday as an Angola summit with their African counterparts entered its final stage.
UK hoping budget eases pressure of high energy bills
Pub landlord James Fitzgerald will wait a while longer to switch on the outside Christmas lights at the Thatched House in London, as high energy bills cause financial pain across Britain. Further tax rises in Wednesday's budget, as Prime Minister Keir Starmer's government seeks to cut debt, could see the Thatched House shut its doors at lunchtimes, said Fitzgerald, who has cut staff this year.
NGO links major chocolate brands to Liberia deforestation
Some of the world's best-known chocolate, from Mars to KitKat, is likely linked to deforestation in Liberia's rainforest despite many brands' claims of sustainability, according to research published by NGO Global Witness Tuesday.
Mexican farmer protest blocks US border bridge
Hundreds of farmworkers and truck drivers blocked the Mexican side of a major border bridge with the United States on Monday as part of an ongoing national farmers' strike. The protest blocked the Zaragoza-Ysleta International Bridge, which connects the US city of El Paso, Texas with Mexico's Ciudad Juarez.
Asia markets advance as odds for another Fed rate cut grow
Asian investors on Tuesday welcomed more dovish comments from Federal Reserve officials reinforcing hopes it will cut interest rates next month, while a tech-led rally on Wall Street soothed recent AI bubble worries.
AFP
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