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1. Sour grapes? European wines left on the rack as China’s consumers cut back

   As China’s traditional spirits and premium wines grapple with declining consumption, a significant shift is under way across the beverage landscape. This three-part series examines the challenges faced by Maotai town as its once-coveted baijiu loses its lustre, the impact of economic shutdowns on European wine imports, and the rise of craft beer as a budget-friendly alternative for consumers...

2. US must build on Global South’s G20 momentum, not undermine it

   As South Africa hands over the Group of 20 presidency, something more consequential than a routine rotation is taking place. The moment marks the end of an unprecedented cycle: four consecutive presidencies led by major economies of the Global South – Indonesia, India, Brazil and South Africa. For four years, the G20 was steered by countries whose development priorities, demographic structures...

3. Brazil’s Bolsonaro begins 27-year prison sentence for coup attempt

   Former Brazilian president Jair Bolsonaro started on Tuesday to serve his 27-year prison sentence for leading a coup attempt designed to keep him in office after losing the 2022 presidential elections, a move that many in the South American nation doubted would ever take place. Supreme Court Justice Alexandre de Moraes, who has overseen the case, ruled Bolsonaro will remain at the same federal...

4. This Thanksgiving, Trump pardons turkeys and roasts foes

   US President Donald Trump did not bring much holiday cheer Tuesday when bestowing ceremonial pardons on two Thanksgiving turkeys, dispensing more insults than goodwill at the traditional White House ritual. He joked about sending the turkeys to an infamous prison in El Salvador that has been used to house migrants deported from the United States. He said the birds should be named Chuck and Nancy...

5. Ukraine ready to advance peace plan, will discuss disputed points with Trump

   President Volodymyr Zelensky said on Tuesday that Ukraine was ready to advance a US-backed framework for ending the war with Russia and discuss disputed points with US President Donald Trump in talks he said should include European allies. In a speech to allies known as the coalition of the willing, Zelensky urged European leaders to hash out a framework for deploying a “reassurance force” to...

6. Trump eyes Christmas deadline to name new Fed chair: Bessent

   US Treasury Secretary Scott Bessent said that a key theme of his interviews for the next chair of the Federal Reserve has been simplifying the US central bank, which he indicated has become too complex in how it manages money markets. “One of the things in terms of the criteria that I’ve been looking for” has been the interplay of the Fed’s various instruments, Bessent said on CNBC Tuesday. “I...

7. Jakarta bans dog and cat meat sales to curb rabies, in win for animal rights

   Indonesia’s capital Jakarta has banned the selling and consumption of dog, cat and bat meat to prevent rabies transmission, the city’s governor announced on Tuesday, in a win for animal rights advocates. “I have signed the regulation … which prohibits the sale of rabies-transmitting animals for food purposes,” Jakarta Governor Pramono Anung said in a statement on social media, a month after...

8. UK back-pedals on tougher English language test for Hongkongers on BN(O) pathway

   The UK government has rowed back from setting tougher English language requirements on Hongkongers seeking to settle in the country through the British National (Overseas) pathway, saying it will be subject to consultation. Minister for Migration and Citizenship Mike Tapp also said the government would consider extending the pathway to Hongkongers born after the city’s return to Chinese...

9. Trump eyes possible Xi reunion at Apec as diplomacy shifts into high gear

   US Treasury Secretary Scott Bessent said on Tuesday that Donald Trump may travel to China in November 2026 for the Asia-Pacific Economic Cooperation summit, one of four possible in-person meetings between the US leader and Chinese President Xi Jinping in the coming year. As with many features of the Trump presidency, this level of contact would be unprecedented, matched only by Trump’s four...

10. What economic cards will China play with Japan? Analysts see dilemma in the row

    Beijing is expected to calibrate its response to Japan with caution, weighing potential punitive measures against the risk of economic blowback, analysts say. And while China possesses an arsenal of levers – from tourism curbs to export controls – the experts warn that a heavy hand could backfire. “China won’t move abruptly,” said Xu Weijun, an assistant research professor with the Institute of...