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Bolivia announces $1 bn deal with China to build lithium plants
Bolivia said Tuesday it had signed a $1 billion deal with China's CBC, a subsidiary of the world's largest lithium battery producer CATL, to build two lithium carbonate production plants in the country's southwest. Bolivia claims to have the world's largest lithium deposits.
Autos, food: What are the risks from Trump's tariff threat?
Fresh US tariffs on Canada and Mexico could raise costs of automobiles and building materials, analysts said Tuesday, after President-elect Donald Trump threatened to erect new trade barriers.
Trump tariffs threat casts chill over Canada
Canada was scrambling Tuesday to blunt the impact of US President-elect Donald Trump's threat to implement steep tariffs once he takes office, as experts warned of a potentially "catastrophic" hit to the Canadian economy.
Saudi 2025 budget sees lower deficit on spending trims
Saudi Arabia on Tuesday approved a budget for 2025 that projected a smaller deficit than last year despite continued heavy spending on reforms to transition the economy away from oil. In 2022, Saudi Arabia recorded its first budget surplus in nearly a decade after Russia's invasion of Ukraine led to a surge in oil prices.
Carrefour attempts damage control against Brazil 'boycott'
French supermarket group Carrefour attempted Tuesday to end a supplier "boycott" of its stores in Brazil by apologizing for refusing to sell Mercosur-origin meat in its outlets in France.
Sales of new US homes lowest in around two years: govt
New home sales in the United States fell short of analyst expectations in October, hitting the lowest rate since late 2022, according to government data released Tuesday, with mortgage rates ticking up during the month. The figure in October was the lowest since late 2022, and comes as the popular 30-year fixed-rate mortgage edged up in the month.
Man Utd revenue falls as Champions League absence bites
Manchester United suffered a £14 million ($17.6 million) drop in total revenue to £143.1 million, taking a hit from their absence from the lucrative Champions League, first-quarter results showed Tuesday. They are predicting total revenue for 2025 of between £650 million and £670 million.
US lawmakers warn Hong Kong becoming financial crime hub
US lawmakers urged the government Monday to rethink banking ties with Hong Kong, citing its "increasing role" in money laundering, sanctions evasions and reported funneling of banned technology to Russia.
Compressed natural gas vehicles gain slow momentum in Nigeria
Car mechanic Adebola Omotosho has to drive eight kilometres across Nigeria's bustling commercial hub Lagos to fill his tank with compressed natural gas. In September 2023, Tinubu established the Presidential Compressed Natural Gas Initiative (PCNGI) to drive CNG adoption and ease Nigeria into a cleaner energy era.
AFP
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