World Bank raises China’s GDP forecast for 2024, 2025

Densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China, on Aug. 16, 2011. Qilai Shen | Corbis Historical | Getty Images The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, … Read more

More than 100 migrants rescued trying to cross English Channel on Christmas, officials say

French authorities said they rescued 107 migrants trying to cross the English Channel from France to England on Wednesday. Over the course of Christmas Day, 12 rescue operations were staged along the coast of northern France, including of a boat experiencing engine trouble, France’s Channel and North Sea maritime prefecture said in a statement. In … Read more

French authorities rescue 107 migrants crossing Channel

LILLE, FRANCE —  French authorities said they rescued 107 migrants trying to cross the Channel from France to England on Wednesday. Over the course of Christmas Day, 12 rescue operations were staged along the coast of northern France, including of a boat experiencing engine trouble, France’s Channel and North Sea maritime prefecture said in a … Read more

Singapore manufacturing data on deck

People standing outside astore at Pitt Street Mall in Sydney, New South Wales, Australia, on Boxing Day.  Bloomberg | Bloomberg | Getty Images Asia-Pacific stocks mostly rose Thursday, with several markets remaining closed for Boxing Day. Japan’s Nikkei 225 rose 0.44%, while the Topix added 0.49%, a day after a report said the country was … Read more

Kosovo appeals panel lets ethnic Serb party run in parliamentary election

PRISTINA, Kosovo —  Kosovo’s election appeals authority on Wednesday canceled a ban on the main party of the ethnic Serb minority, allowing it to field candidates in the upcoming parliamentary election. The Electoral Panel for Complaints and Appeals decided that the party, Srpska Lista, or Serb List, has “fulfilled the political terms to be certified … Read more

Bank of Japan meeting minutes

People posing for photos in front of a Christmas light installation in central Seoul on December 22, 2023. Jung Yeon-je | Afp | Getty Images Asia-Pacific markets traded mixed on Christmas Eve, after key U.S. benchmarks rose overnight, helped by gains in tech stocks. Japan’s Nikkei 225 slipped 0.32% to close at 39,036.85 as minutes … Read more

Plane crash in Kazakhstan killed dozens, but nearly half of those on board survived, officials say

Moscow — An Azerbaijani airliner with 67 people on board crashed Wednesday in western Kazakhstan, near the city of Aktau, killing 38 people and leaving 29 survivors, a Kazakh official said. Deputy Prime Minister Kanat Bozumbaev disclosed the figures while meeting with Azerbaijani officials, the Russian news agency Interfax reported.  Azerbaijan Airlines said 67 people … Read more

Pope urges ‘all people of all nations’ to silence arms and overcome divisions in Christmas address

Vatican City —  Pope Francis in his traditional Christmas message on Wednesday urged “all people of all nations” to find courage during this Holy Year “to silence the sounds of arms and overcome divisions” plaguing the world, from the Middle East to Ukraine, Africa to Asia. The pontiff’s “Urbi et Orbi” — “To the City … Read more

President Biden to decide fate of Nippon Steel’s $15 billion bid for U.S. Steel

The United States Steel Corp. Clairton Coke Works in Clairton, Pennsylvania, US, on Tuesday, Dec. 19, 2023. Justin Merriman | Bloomberg | Getty Images Nippon Steel’s $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie up he has … Read more