AFP news

Beijing Unveils Ambitious Plan to Dominate Global Tech by 2035

China announced plans to massively expand its high-tech industries over the next decade, focusing on quantum computing, hydrogen and fusion energy, and brain-computer interfaces. Officials say the initiative will reshape the country's technological landscape and strengthen its global leadership.

EU Takes Timid Step Towards Using Russian Assets For Ukraine

EU leaders Thursday tasked the European Commission to move ahead with options for funding Ukraine for two more years, leaving the door open for a mammoth loan using frozen Russian assets, diplomats told AFP. In broadly worded conclusions adopted after marathon talks in Brussels, EU leaders stopped short of greenlighting plans for the 140-billion-euro ($162-billion) "reparations loan" -- pushing that crunch decision to December.

UN Chief Warns Global Debt Crisis Threatens Trade System

UN Secretary-General Antonio Guterres warned that global debt has soared, leaving developing countries paying more on interest than on health or education. He launched the Sevilla Forum on Debt to improve financing, strengthen investment, and align trade policies with climate goals.

SpaceX Cuts Service to 2,500 Starlink Devices at Myanmar Scam Centres

SpaceX has disabled more than 2,500 Starlink internet devices at suspected scam centres in Myanmar, where online fraud operations have thrived. The move follows reports that Starlink receivers were widely used to facilitate illegal activities, including romance and business scams targeting foreigners.

US, EU Pledge New Sanctions On Russia For Ukraine War

The United States and European Union on Wednesday promised a fresh wave of sanctions against Russia for its relentless invasion of Ukraine, with Washington accusing Russian leader Vladimir Putin of not being "honest" in responding to its peace efforts.

US Pushes Plan To Disarm Hamas And Rebuild Gaza

US Vice President JD Vance warned Wednesday of the tough task ahead in disarming Hamas and building a peaceful future for Gaza, as Washington sought to reassure its ally Israel over the next steps in its ambitious ceasefire deal.

Gold Falls Again As Rally Comes To Halt, Stock Markets Mixed

Gold and silver sank for a second day Wednesday, bringing a rally in the precious metals to a juddering halt, while stocks were mixed after US President Donald Trump remarked that a meeting with Chinese counterpart Xi Jinping might not take place.

GM Shares Soar on Strong Q3 Profits Amid EV Strategy Shift

General Motors reported stronger-than-expected Q3 profits despite a $1.6 billion EV investment write-down and $1.1 billion in tariff costs. CEO Mary Barra's strategy pivot toward gasoline-powered vehicles and US plant investments drives a positive outlook, sending shares up over 15 percent.

Adidas Revenue Hits All-Time High Amid US Tariff Challenges

Adidas posts record third-quarter revenue of €6.63 billion, driven by brand momentum and successful tariff mitigation. The German sportswear giant raises its 2025 earnings forecast to €2 billion, signaling strong recovery after the Yeezy disruption and robust global sales performance.

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