Ukrainian service members fire a howitzer M119 at a front line near the city of Bakhmut, Ukraine March 10, 2023. REUTERS/Oleksandr Ratushniak |
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- US Treasury Secretary Janet Yellen is seeking to reclaim the narrative on the Biden administration's economic record, arguing that Americans are better off than they were when President Joe Biden took office.
- China is considering approving next week the issuance of over $1.4 trillion in extra debt in the next few years to revive its fragile economy, a fiscal package which is expected to be further bolstered if Donald Trump wins the US election, said two sources with knowledge of the matter.
- ByteDance founder Zhang Yiming is China's richest person, with personal wealth of $49.3 billion, an annual rich list showed, although counterparts in real estate and renewables have fared less well.
- BP reported a 30% drop in third-quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading results.
- Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants in Europe's biggest economy as it plots a deeper-than-expected overhaul, the company's works council head said.
- Thyssenkrupp is focused on a 50:50 steel joint venture with Czech billionaire Daniel Kretinsky but will seek talks with other steelmakers should that deal falter.
- A new lawsuit accuses Subway of "grossly misleading" customers by advertising sandwiches that contain at least three times more meat than it delivers.
- Next week, voters will choose between Donald Trump and Kamala Harris. Their decision will impact governments, companies and investors outside the US. In this episode of The Big View podcast, geopolitical strategist Tina Fordham explains why markets misjudge the possible turmoil.
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In a small Wisconsin church, Trump's threat of refugee crackdown looms |
Masomo Rugama and fellow Congolese community members dance and sing at a local church in Appleton, Wisconsin, October 20, 2024. REUTERS/Carlos Barria |
On a fall Sunday in the US election battleground state of Wisconsin, Masomo Rugama and fellow Congolese community members danced and sang to worship songs in their native Kinyamulenge. They prayed for a good outcome in the presidential election. This Congolese church is one of several in the city of Appleton that have sprung up to serve a growing number of refugees who have settled there after fleeing the war-torn African nation. Rugama, who became a US citizen in 2022, is new to American politics but is keenly aware that Trump has repeatedly painted Congolese immigrants as formerly imprisoned criminals - despite any evidence of widespread criminality among them - and is expected to again greatly reduce entries of refugees from abroad. |
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Tourists take selfies at Bukchon Hanok Village in Seoul, South Korea, October 25, 2024. REUTERS/Kim Soo-hyeon |
Kwon Young-doo, owner of a private art gallery in Seoul's historic Bukchon Hanok Village, is concerned about an impending curfew policy aimed at mitigating overtourism in the area. The curfew, set for a trial in November and to be officially launched in March next year, will limit tourist access to specific areas of Bukchon from 5 p.m to 10 a.m. Fines of up to 100,000 won will be imposed on violators. |
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