Economy

Economy Latest News

Trump names China hawk Howard Lutnick as US commerce secretary
Trump names China hawk Howard Lutnick as US commerce secretary
by  AFP

US President-elect Donald Trump nominated Howard Lutnick, the co-chair of his transition team, as his commerce secretary on Tuesday -- a choice set to bring a tougher stance on China from the incoming administration. As co-chair of Trump's transition team, Lutnick has been identifying new hires for the president-elect's administration. bys/bjt

Trump names China hawk Howard Lutnick commerce secretary
Trump names China hawk Howard Lutnick commerce secretary
by  AFP

President-elect Donald Trump nominated Howard Lutnick, the co-chair of his transition team, as his commerce secretary on Tuesday -- a choice set to bring a tougher stance on China from the incoming administration. Trump's administration could harden this stance.

Top-selling daily French daily Ouest-France stops posting on X
Top-selling daily French daily Ouest-France stops posting on X
by  AFP

French regional daily Ouest-France, the top-selling paper in the country, announced Tuesday it was joining several other European publications by suspending posts on X following the takeover of the site formerly known as Twitter by billionaire Elon Musk.

New Botswana leader eyes cannabis, sunshine to lift economy
New Botswana leader eyes cannabis, sunshine to lift economy
by  AFP

Botswana will diversify its diamond-dependent economy by launching into the medicinal cannabis market and exploiting its abundant sunshine, President Duma Boko said Tuesday, in his first state of the nation address. The arid country will also begin cultivating medicinal cannabis and industrial hemp to plug into the growing international market.

Taxing the richest: what the G20 decided
Taxing the richest: what the G20 decided
by  AFP

Anti-poverty campaigners have hailed a decision by G20 leaders meeting in Rio to make sure the world's billionaires "are effectively taxed." On Monday, G20 leaders corroborated that decision in a statement with the same wording.

IMF, Ukraine, reach agreement on $1.1 bn loan disbursement
IMF, Ukraine, reach agreement on $1.1 bn loan disbursement
by  AFP

The IMF said Tuesday that it has reached agreement with Ukraine on a loan program review that paves the way for an additional $1.1 billion in much-needed funds. The swift agreement, which comes just over two months after the last one, will provide Ukraine with a large injection of funds amid Russia's ongoing assault on the country, which entered its 1000th day on Tuesday.

China's Xi urges 'strategic' ties in talks with Germany's Scholz
China's Xi urges 'strategic' ties in talks with Germany's Scholz
by  AFP

Chinese leader Xi Jinping called for Beijing and Berlin to develop ties with a "strategic" and "long-term" perspective Tuesday as he met with German Chancellor Olaf Scholz in Rio de Janeiro, state media said. "The two countries need to view and develop bilateral relations from a long-term and strategic perspective," Xi said.