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US grounds SpaceX's Starship rocket pending probe
US grounds SpaceX's Starship rocket pending probe
by  AFP

The US Federal Aviation Administration on Friday grounded SpaceX's Starship pending an investigation by Elon Musk's company into why the rocket's upper stage dramatically disintegrated in a fiery cascade over the Caribbean during its latest test flight. But the triumph was short-lived when teams lost contact with the upper stage vehicle.

Trump, Xi speak by phone, vow improved ties despite threats
Trump, Xi speak by phone, vow improved ties despite threats
by  AFP

Donald Trump and Chinese President Xi Jinping spoke by phone on Friday, days before the incoming US president returns to the White House, with both leaders vowing to take a positive approach to improving ties between the rival countries.

US Supreme Court upholds law banning TikTok
US Supreme Court upholds law banning TikTok
by  AFP

The US Supreme Court on Friday upheld a law that will ban TikTok in the United States, potentially denying the video-sharing app to 170 million users in two days. The Supreme Court last week heard arguments from the company, ByteDance, that the law should be stopped because it was a violation of free speech.

IMF raises global growth outlook and flags rising economic divergence
IMF raises global growth outlook and flags rising economic divergence
by  AFP

Global growth is expected to increase slightly this year while remaining stuck below its pre-pandemic average, the IMF said Friday, flagging the growing economic divide between the United States and European countries. The Fund left its outlook for growth in Japan unchanged this year and next, and slightly increased its outlook for the United Kingdom in 2025.

Trump's economic plans could cause inflation: IMF chief economist
Trump's economic plans could cause inflation: IMF chief economist
by  AFP

Donald Trump's economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas told AFP, a few days before the president-elect returns to the White House. Other proposals the president-elect has floated, such as cutting red tape and taxes, could also fuel inflation by boosting demand, he added.

Bootleg liquor deaths revive debate on Turkey alcohol tax
Bootleg liquor deaths revive debate on Turkey alcohol tax
by  AFP

With 33 dead in four days and 29 in intensive care after drinking bootleg liquor in Istanbul, the politically-charged debate over Turkey's soaring alcohol taxes has swung back into the spotlight. Last year, 48 people died in Istanbul after drinking tainted alcohol, the governor's office said.