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China's economy slows as Xi plans for historic third term
China's economy slows as Xi plans for historic third term
World
by  AFP

As China's leaders gather for a crucial party congress, the country is expected on Tuesday to announce some of its weakest quarterly growth figures since 2020, its economy hobbled by Covid restrictions and a real estate crisis. That would be China's weakest growth rate in four decades, excluding 2020 when the global economy was hammered by the emergence of the coronavirus.

Ex-head of US electric truck firm found guilty of fraud
Ex-head of US electric truck firm found guilty of fraud
Business and Economy
by  AFP

The former head of Nikola, a start-up making electric- and hydrogen-powered trucks, was found guilty of fraud on Friday for misleading investors about his company's alleged progress and capabilities in order to raise more money. Prosecutors accused the entrepreneur of having exaggerated the number of orders placed and the company's ability to produce hydrogen and having lied about prototypes.

Eight-goal Sundowns just miss equalling their African record
Eight-goal Sundowns just miss equalling their African record
Africa
by  AFP

Mamelodi Sundowns of South Africa trounced La Passe of the Seychelles 8-1 on Friday, but just missed equalling the record overall winning margin for a CAF Champions League qualifier. The record 16-1 margin for a Champions League qualifier was achieved by Sundowns in the 2020 edition when they thrashed another Seychellois club, Cote d'Or 11-1 at home and 5-0 away.

Broader coalition not needed for Russia oil price cap: US
Broader coalition not needed for Russia oil price cap: US
World
by  AFP

The G7 is still working on setting a price cap on Russian oil but enrolling more nations to the scheme is not necessary for it to succeed, US Treasury Secretary Janet Yellen said Friday. Yellen said a broader coalition was not needed as the cap would be set by requiring Western financial services and insurance firms to abide by a maximum price in contracts for Russian oil shipments.