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Affluent Americans are driving US economy and likely delaying need for Fed rate cuts

Since retiring two years ago, Joan Harris has upped her travel game.

Once or twice a year, she visits her two adult children in different states. She's planning multiple other trips, including to a science fiction convention in Scotland and a Disney cruise soon after that, along with a trip next year to neolithic sites in Great Britain.

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Musk visits China as competitors show off new electric vehicles at Beijing auto show

Tesla CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation's carmakers are showing off their latest electric vehicle models at the Beijing auto show.

Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on "win-win" cooperation, citing Tesla's operations in China as a successful example of economic cooperation, China's state broadcaster CCTV said on its main evening news program.

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Rooting for Trump to fail has made his stock shorters millions

Rooting for Donald Trump to fail has rarely been this profitable.

Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens of millions of dollars over the past month by betting that the stock price of his social media business — Truth Social — will keep dropping despite massive buying by Trump loyalists and wild swings that often mirror the candidate's latest polls, court trials and outbursts on Trump Social itself.

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5 cars from the Beijing auto show that reflect China's vision for the future of driving

China's vision of the future of the automobile — electrified and digitally connected — is on display at the ongoing Beijing auto show.

Organizers say that 117 new models are making their debut at Auto China 2024, which runs through May 4. They range from eye-poppingly cutting edge to more subtle novelties.

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EU toughens safety rules for online retailer Shein

Online fast-fashion retailer Shein must face the European Union's strictest level of digital regulations, the bloc said on Friday as it added the company to its list of big platforms that need extra scrutiny.

The EU's Executive Commission said it formally classed Shein as a "very large online platform" under the 27-nation bloc's Digital Services Act, an expansive rulebook designed to clean up online platforms and keep internet users safe.

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FIFA seals closer ties to Saudi Arabia with World Cup sponsor deal for oil firm Aramco

FIFA deepened its ties to Saudi Arabia by confirming a sponsorship on Thursday with the kingdom's state oil firm Aramco which made a profit of $121 billion last year.

The deal was expected and became inevitable once Saudi Arabia was all but sealed last October as the 2034 host of the men's World Cup.

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Xi tells Blinken US, China must be 'partners, not rivals'

Chinese President Xi Jinping on Friday told top U.S. diplomat Antony Blinken that the world's two biggest economies should be "partners, not rivals", adding that there were a "number of issues" to be resolved in their relations.

"The two countries should be partners, not rivals," Xi said, according to state broadcaster CCTV, adding: "There are still a number of issues that need to be resolved, and there is still room for further efforts."

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Clean energy champions assemble: Shape the future at Middle East Clean Energy 2024

Calling all clean energy specialists! Are you passionate about building a sustainable future powered by innovation? Then mark your calendars for the 3rd edition of Middle East Clean Energy (MECE), the premier clean and renewable energy exhibition & conference in Lebanon, happening from May 8th to 10th, 2024 at the InterContinental Phoenicia Beirut.

- Why you should be there? -

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French air traffic controllers cancel strike but Paris flights still disrupted

Air passengers traveling to and from Paris experienced significant disruptions Thursday, despite a decision by air traffic controllers to cancel a strike after last-minute negotiations. Flight operations were substantially reduced because of adjustments made to schedules ahead of the proposed industrial action.

French civil aviation authorities had preemptively requested airlines to cut their flights significantly — by 75% at Paris-Orly, 55% at Charles-de-Gaulle, and 65% at Marseille-Provence, with varying reductions across other French airports. As a result, operations were severely limited, also affecting international flights that cross French airspace.

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Macron outlines Europe vision as a global power amid war in Ukraine

French President Emmanuel Macron is expected to outline his vision for Europe to become a more assertive global power against a backdrop of war in Ukraine and other security and economic challenges, in a speech on Thursday ahead of pivotal European Parliament elections in June.

The French president plans to focus on strategic and geopolitical issues in Europe, including defense, the economy, protecting the environment and safeguarding democracy, his advisers said. Russia's war in Ukraine, now in its third year, is expected to be the main theme of the speech Macron will deliver at Paris' Sorbonne University on Thursday.

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