Chinese leaders wrapped up a two-day planning meeting in Beijing on Thursday with pledges to take a more proactive approach in pepping up the world's second-largest economy, but gave no details on new stimulus measures. A state-run CCTV report on the annual meeting mainly reiterated a strategy outlined earlier in the week after a session of the ruling Communist Party’s powerful Politburo at which leaders pledged to loosen monetary policy and adopt a more proactive fiscal approach. Markets in China have climbed recently on renewed hopes for a stronger dose of stimulus to help counter weak consumer spending that has kept the economy growing this year at a rate slightly slower than the government's official target of about 5%.
More than 100 people including children have been killed by security forces in post-election protests in Mozambique that have lasted nearly two months, rights and civil society groups said. The main opposition leader called Thursday for more demonstrations against what he says was a rigged vote by the governing party. The southern African nation, which endured a 15-year civil war from 1977 to 1992, has been beset by unrest and street protests since two prominent opposition officials were fatally shot in their car by unknown gunmen on Oct. 18.
The Swiss central bank announced an unexpectedly large interest-rate cut on Thursday, citing rising "uncertainty" about the economic outlook due to the potential impact of Donald Trump's policies and political turmoil in Europe.In particular, the future course of economic policy in the US is still uncertain, and political uncertainty has also risen in Europe," it said.
The Wall Street Journal, which first reported the news, said the donation was a departure from past practice by CEO Mark Zuckerberg and Meta. Zuckerberg had declined to endorse either Donald Trump or Joe Biden for this year's election, in a media interview that took place before Biden stepped down as the Democratic nominee and was replaced by Kamala Harris.
She’s an Iraq War combat veteran and sexual assault survivor who has advocated for years to improve how the military handles claims of sexual misconduct. “The American people spoke,” said Bob Vander Plaats, president and CEO of the Family Leader and a conservative activist in Ernst’s home state. It underscores the power Trump is expected to wield on Capitol Hill in a second term and serves as a warning to other lawmakers who may be harboring their own concerns about other Trump selections, including Robert F. Kennedy Jr. for health secretary and Tulsi Gabbard to be director of national intelligence.
If what comes next is anything like what he promises, Trump will reshape the nation and the world
Pope Francis on Thursday called on wealthy countries and institutions to substantially reduce if not outright cancel debt as a matter of justice on the occasion of the Vatican's 2025 Jubilee Year. In a message for world peace, Francis referred to St. John Paul II’s admonition in Jubilee Year 2000 that debt “threatens the future of many nations.”
As several of President-elect Donald Trump’s choices for high-level positions in his incoming administration face scrutiny on Capitol Hill, a poll from The Associated Press-NORC Center for Public Affairs Research shows that Americans have their own doubts. Relatively few Americans overall approve of Pete Hegseth, Trump's choice to lead the Department of Defense, or Tulsi Gabbard, his pick for intelligence chief, although a substantial share doesn’t know who those figures are. The other selections who were included in the poll, Robert F. Kennedy Jr.
A man identifying himself as Missourian Travis Timmerman tells CBS News he was liberated from a Syrian prison upon dictator Bashar al-Assad's ouster.
Biden said he will "take more steps in the weeks ahead" and continue to review clemency petitions to advance "equal justice under the law."
The victor of a cutthroat primary for mayor in 2021, New York City’s Eric Adams rushed to embrace national political stardom.
How Kamala Harris’ campaign burned through more than $1.4 billion in 15 weeks dominated the storyline of vice president’s devastating loss to Donald Trump on Nov. 5.
The dangers of concussion are known but the brain injuries of survivors of domestic violence often go undiagnosed and untreated. Doctors are trying to change that.
A report on proposed changes to U.S. dietary guidelines suggests encouraging Americans to eat more beans and lentils for protein and less red meat.
Gaza's civil defence agency reported that Israeli air strikes on Thursday killed at least 33 people, including 12 guards securing aid trucks in southern parts of the Palestinian territory.Israeli air strikes on two homes near Nuseirat refugee camp and Gaza City killed 21 more people, including children, the civil defence agency said.
European stock markets rose Thursday as the Swiss central bank made a bigger-than-forecast interest rate cut before eurozone policymakers are expected to trim the bloc's own borrowing costs again.The European Central Bank (ECB) is widely expected to cut its interest rates by 25 basis points, marking its third consecutive reduction.
Investors get the next piece of the inflation puzzle after the latest reading on consumer prices boosted bets on a December rate cut.
The European Commission is not considering changing Europe's policies to cut CO2 emissions from cars, despite a push from the EU's biggest political group to weaken the laws, the bloc's climate policy chief told Reuters on Thursday. The centre-right European People's Party - the European Parliament's biggest lawmaker group - launched a campaign this week to weaken the climate rules, adding to pressure on Brussels from automakers and national governments to urgently help Europe's ailing autos sector.
Shares of Adobe fell nearly 10% in premarket trading on Thursday after the Photoshop maker's downbeat full-year revenue forecast led to concerns that returns from AI investments into its software applications might take longer than expected. "While the company remains on track with its GenAI product roadmap, we think the lack of ... explicit monetization metrics has made it harder for investors to get comfortable with the progress," RBC analyst Matthew Swanson said. The San Jose, California-based company on Wednesday forecast fiscal 2025 annual revenue between $23.30 billion and $23.55 billion, compared with the average analyst estimate of $23.78 billion, according to data compiled by LSEG.
MOSCOW (Reuters) -The Kremlin said on Thursday that Russian President Vladimir Putin had fully supported a prisoner of war exchange between Moscow and Kyiv proposed by Hungarian Prime Minister Viktor Orban, but that Ukraine appeared to have turned down the idea. Orban made the proposals during a call with Putin, Kremlin spokesman Dmitry Peskov told reporters. "Hungarian Prime Minister Viktor Orban, during yesterday's telephone conversation with President Putin, made a proposal on the eve of Christmas to carry out a major prisoner exchange between Russia and Ukraine, as well as to announce a Christmas ceasefire," Peskov said.