A survey of factory managers in China shows manufacturing contracted in December in the latest sign the world's second-largest economy remains sluggish.

The official purchasing managers index, or PMI, fell to 49 last month in what officials said was evidence of weak demand, the National Bureau of Statistics reported on Sunday. It was the third straight month of contraction. The PMI is on a scale up to 100 where 50 marks the cutoff between expansion and contraction.

Brazilian President Luiz Inácio Lula da Silva likes to boast he had a good first year after returning to the job. The economy is improving, Congress passed a long-overdue tax reform bill, rioters who wanted to oust him are now in jail, and his predecessor and foe Jair Bolsonaro is barred from running for office until 2030.

Still, the 78-year-old leader has struggled to boost his support among citizens and lawmakers. Some major setbacks, including a series of votes by Congress to override his vetoes, signaled that Lula's future could be less productive in a Brazil almost evenly split between his supporters and Bolsonaro's.

European benchmarks were higher Tuesday after Asian markets mostly fell on the first trading day of 2024.

U.S. President Joe Biden has announced that he is extending a suspension of Trump-era steel and aluminum tariffs against the European Union (EU) for two years as negotiations continue.

With a name that doesn't ring old-school French like Jean, Pierre or Jacques, and a home address in a tough suburb of Paris where riots flared, Salah Benkadmir is discovering how hard it can be to make prospective employers in France see beyond their prejudices.

Despite having a high school diploma in sales and work experience as a vendor on his resume, the 19-year-old job seeker says that when he sends it to stores making hires, often no one calls him back.

European shares opened higher on Friday after a mixed session in Asia on the last trading day of the year for most markets.

Germany's DAX rose 0.3% to 16,745.67 and the CAC 40 in Paris climbed 0.4% to 7,566.11. Britain's FTSE 100 edged 0.2% higher to 7,736.52.

The U.S. has imposed sanctions on a group of money exchange services from Yemen and Turkey alleged to help provide funding to Iranian-backed Houthi rebels who have been launching attacks on commercial shipping vessels in the southern Red Sea — including a drone and a missile that were shot down Thursday by the U.S. military.

Included in the sanctions are the head of a financial intermediary in Sana'a, Yemen, along with three exchange houses in Yemen and Turkey. U.S. Treasury alleges that the people and firms helped transfer millions of dollars to the Houthis at the direction of sanctioned Iranian financial facilitator Sa'id al-Jamal.

Chinese consumer electronics giant Xiaomi unveiled its first electric car model on Thursday, with its boss declaring ambitions of becoming a global automotive powerhouse despite fierce competition at home.

Norway's largest pension fund said Thursday it has divested from Saudi Aramco due to the oil giant's lack of climate action and from 11 other Gulf companies over human rights concerns.

KLP, which manages over 700 billion kroner ($70 billion), said the exclusion amounted to $15 million.

India's foreign minister met Wednesday with Russian President Vladimir Putin, who said relations between the countries are progressing even amid turbulent times.

Subrahmanyam Jaishankar's meeting was part of a five-day visit. At the start of the meeting, Putin said he would inform the Indian diplomat about the fighting in Ukraine, on which Indian Prime Minister Narendra Modi has held a neutral stance.