AFP
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China's leaders vow more 'relaxed' monetary policy in 2025
Chinese President Xi Jinping and other top leaders said Monday they would adopt a more "relaxed" approach to monetary policy as they hashed out plans to boost the economy next year. "Next year we should... implement a more active fiscal policy and an appropriately relaxed monetary policy," they added.
Arrivederci! Why young Italians are leaving in droves
Billie Fusto is not after a fat pay cheque: he is training to be an archivist and wants nothing more than "a quiet life" at home in Italy. "I want a quiet life, in which I don't have to worry about whether I have 15 euros to go shopping," he told AFP. "And currently, in Italy that's not guaranteed."
Seoul stocks drop on S.Korea woes; most Asian markets rise
South Korean stocks fell more than one percent Monday as the country was racked with political uncertainty after President Yoon Suk Yeol averted impeachment following his brief imposition of martial law last week.
ECB to cut rates again amid bleak eurozone outlook
The European Central Bank is expected to cut interest rates again this week amid a darkening outlook, with political turbulence in the eurozone's two biggest economies adding to the troubled picture. Even before the latest turbulence, the eurozone's biggest economy was struggling with a manufacturing slowdown, and its anaemic growth rates are weighing down the broader single currency area.
US clean energy, defense to be impacted by China export curbs
China's retaliatory export controls could take a toll on the growing US clean energy sector and its defense industry, analysts say, as a trade tussle escalates between the world's two biggest economies. - Clean energy - Besides defense, gallium-based semiconductors are used in radio frequency electronics, LEDs for lighting and high-efficiency solar cells, the US Geological Survey noted.
UK retailers feed off public affection for festive ads
They come with big budgets, are wrapped in sentimentality and boost company revenues -- Britain's latest instalment of eagerly awaited Christmas television advertisements has a nation tuned in. One of the most eagerly awaited UK Christmas ads is from department store chain John Lewis, with consumers buying into its "emotive storytelling", according to Deason.
Taylor Swift's record-breaking 'Eras' tour set for final show
Taylor Swift's record-shattering "Eras Tour" is set to end on Sunday in Vancouver with the final performance of a cultural phenomenon that has easily become the highest-grossing musical tour in history. Her second-last tour stop was Toronto, where she performed six shows over two weekends.
Musk's millions for Trump make him biggest US political donor
Tech billionaire Elon Musk spent at least $270 million to help Donald Trump win the US presidency, according to new federal filings, making him the country's biggest political donor. Musk donated $238 million to America PAC, a political action committee that he founded to support Trump, filings late Thursday with the Federal Election Commission showed.
TikTok loses appeal of US law ordering sale from Chinese owner
TikTok faces a US ban after an appeals court on Friday rejected its challenge to a law requiring the video-sharing app to divest from its Chinese parent company by January 19. The law, signed by President Joe Biden in April, would block TikTok from US app stores and web hosting services unless ByteDance sells the platform by January 19.
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