A diminished Biden heads to APEC summit in Peru, overshadowed by China’s Xi

LIMA, Peru — If things had gone differently last week, U.S. President Joe Biden could have arrived at the Asia-Pacific Economic Cooperation forum in Peru on Thursday projecting confidence and pledging his successor’s cooperation with eager Latin American partners. No longer. Just as in 2016, the last time that Peru’s capital Lima hosted APEC, Donald…

‘Adults buying kids toys to escape global turmoil’, sales data suggests

BBC A Stitch puppet (left) with Richard North from Wow Stuff at the DreamToys event Toy sales have fallen for a third year in a row as family budgets are squeezed – but adults are buying childhood favourites to escape their troubles, research suggests. A falling birth rate, the cost of living and fewer big…

Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump trade

HONG KONG — Asian stocks on Wednesday followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory. Japan’s benchmark Nikkei 225 slipped 1.1% in morning trading to 38,953.44, as wholesale inflation reached its highest level since July of last year. The corporate goods price…

Trump ally Elon Musk doubles down on calls to prosecute Dr. Fauci

Tech titan Elon Musk, who has been advising President-elect Donald Trump, doubled down on his calls to prosecute former chief medical advisor Dr. Anthony Fauci.  “My pronouns are still prosecute/Fauci,” Musk wrote on X on Tuesday. The post was a reply to a pro-Trump account with the handle “Insurrection Barbie.” “Fauci retired from the federal…

Chinese hackers target Tibetan websites in malware attack, cybersecurity group says

BANGKOK — A hacking group that is believed to be Chinese state-sponsored has compromised two websites with ties to the Tibetan community in an attack meant to install malware on users’ computers, according to findings released Wednesday by a private cybersecurity firm. The hack of the Tibet Post and Gyudmed Tantric University websites appears geared…

John Paulson won’t join Trump administration as treasury secretary

Billionaire hedge fund manager John Paulson withdrew his name for consideration as treasury secretary in a second Trump administration — citing his “complex financial obligations,” according to a report. “Although various media outlets have mentioned me as a candidate for Secretary of the Treasury, my complex financial obligations would prevent me from holding an official…

Why some Thanksgiving meals will be more expensive this year

The price of this year’s Thanksgiving feast for cost-conscious shoppers who buy store-brand products will be more expensive than last year, according to a report released Tuesday.  A meal consisting of store labeled turkey, stuffing, salad, cranberries, dinner rolls and pumpkin pie that feeds 10 people will cost $73 — a 2.7% increase from last…

Louisiana House greenlights Gov. Jeff Landry’s tax cuts

BATON ROUGE, La. — Louisiana’s GOP-dominated House of Representatives on Tuesday overwhelmingly passed individual and corporate tax cuts, along with a constitutional amendment — all key provisions in Gov. Jeff Landry’s sweeping tax reform package, the centerpiece of the state’s third special legislative session of the year. The House voted 87-12 to flatten individual income…

Disney broadens CEO search to find Bob Iger’s successor

Embattled media giant Disney is expanding its search for Bob Iger’s successor beyond the walls of the Magic Kingdom, according to a new report. The Mouse House had been mulling a handful of internal candidates, but is now working with recruiters from search firm Heidrick & Struggles to conduct its review of external contenders for…

Argentina’s monthly inflation drops to 2.7%, the lowest level in 3 years

BUENOS AIRES, Argentina — Argentina’s inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to pull Argentina out of a dire economic crisis. Argentina’s statistics agency on Tuesday reported October’s number. In…

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