Business
Finally, US, China End Trade War
Finally, US, China End Trade War
The United States and China have reached a framework agreement for a potential trade deal expected to be finalised when both leaders, President Donald Trump and President Xi Jinping, meet later this week in South Korea.
US Treasury Secretary, Scott Bessent, disclosed this during an interview with CBS, the BBC’s US news partner, saying the agreement covers a “final deal” on TikTok’s US operations and a deferral of China’s tightened restrictions on rare earth mineral exports.
He added that he does not expect the 100 per cent tariff earlier threatened by President Trump on Chinese goods to take effect, while China will resume large-scale purchases of US soybeans.
“We have reached a substantial framework for the two leaders,” Bessent said. “The tariffs will be averted.”
The development comes as both nations seek to prevent a fresh escalation in the trade war between the world’s two largest economies.
Bessent met senior Chinese trade officials on the sidelines of the Association of Southeast Asian Nations (ASEAN) Summit in Malaysia, which President Trump also attended as part of his Asian tour.
In a statement, the Chinese government confirmed that both sides held “constructive discussions” and “reached a basic consensus on arrangements to address their respective concerns.”
“Both sides agreed to further finalise specific details,” Beijing stated.
Since returning to the White House, President Trump has reintroduced aggressive trade policies, arguing that imposing tariffs on imported goods would boost US manufacturing and job creation.
His tariff measures have led several countries, including the United Kingdom, to renegotiate trade terms with Washington.
China has been the main target of the US president’s tariff strategy. Earlier this month, Trump threatened to impose a 100 per cent tariff on Chinese goods starting in November, following Beijing’s decision to tighten export controls on rare earth minerals — essential materials used in electronics, electric vehicles, and renewable energy technologies.
China processes about 90 per cent of the world’s rare earths, making it a dominant player in the global supply chain. Its restrictions earlier this year sparked outrage from US manufacturers that depend on the materials.
Bessent said China had now agreed to delay those export restrictions for one year while the two countries review their trade terms.
One of the biggest casualties of the trade dispute has been US soybean farmers, as China — the world’s largest soybean importer — halted purchases during the height of the trade conflict.
Bessent, himself a soybean farmer, hinted that the new framework would ease the pain of American farmers.
“I think we have addressed the farmers’ concerns,” he said. “When the announcement of the deal with China is made public, our soybean farmers will feel really good about what’s going on for this season and the coming seasons.”
The US Treasury Secretary also revealed that both countries had reached a final understanding on TikTok’s US operations, with Trump and Xi expected to “consummate that transaction” during their meeting on Thursday.
The White House had earlier insisted that TikTok’s Chinese parent company, ByteDance, must divest its US arm over national security concerns. However, Trump has repeatedly extended the deadline to allow for negotiations.
Under the proposed arrangement, US companies will control TikTok’s algorithm, while Americans will hold six of seven board seats for its US entity.
Trump, who once called for TikTok’s outright ban, has since shifted position, using the app as part of his outreach strategy during his successful 2024 presidential campaign.
Meanwhile, Washington announced on Sunday that new trade deals with Malaysia and Cambodia had been finalised, while frameworks had also been agreed with Thailand and Vietnam as part of efforts to expand American trade ties in Asia.
The outcome of this week’s meeting between Trump and Xi is expected to shape the next phase of US–China relations and determine whether the long-running trade tensions between both countries will ease or reignite.
Business
US Government Shutdown Grounds Flights as Air Travel Faces “Trickle” Threat
US Government Shutdown Grounds Flights as Air Travel Faces “Trickle” Threat
Air travellers in the United States continue to face severe disruptions for a third consecutive day as the federal government shutdown drags on, with Transportation Secretary Sean Duffy warning that flights could be reduced to a “trickle” if lawmakers fail to resolve the funding impasse.
According to flight tracker FlightAware, approximately 1,400 flights to, from, or within the US were cancelled on Sunday morning, while 2,700 others were delayed.
Newark, New Jersey, reported the longest delays, averaging over two hours.
The shutdown, now in its 40th day, has left hundreds of thousands of federal workers unpaid and disrupted vital services, including air traffic management.
Federal Aviation Administration (FAA) officials had announced last week that air travel capacity would be cut by up to 6% this weekend and 10% next weekend at 40 of the nation’s busiest airports.
While international flights are officially exempt, airlines may still cancel some of these services.
The root of the crisis lies in a political deadlock between Republicans and Democrats over government funding.
Duffy cautioned on CNN that the situation could escalate further, particularly as Americans prepare for the Thanksgiving holiday.
“You’re going to see air travel be reduced to a trickle,” Duffy said.
“Many of them are not going to be able to get on an airplane because there are not going to be that many flights that fly if this thing doesn’t open back up.”
The shutdown has left air traffic controllers fatigued, with many refusing to report to duty due to unpaid wages, forcing the FAA to reduce flight allowances.
While Defence Secretary Pete Hegseth offered military controllers as a stopgap, Duffy rejected the proposal, citing civilian certification requirements.
Political tensions remain high, with each party blaming the other for the growing chaos.
Senate Minority Leader Chuck Schumer accused Republicans of “playing games with people’s livelihoods,” while the White House claimed Democrats are “inflicting their man-made catastrophe on Americans just trying to make life-saving medical trips or get home for Thanksgiving.”
Democrats insist on including funding for health insurance subsidies, a condition that Republicans have resisted, preferring a clean government funding bill.
Meanwhile, President Donald Trump suggested over the weekend that money be sent directly to Americans to purchase health insurance instead of going through insurance companies.
Efforts to reach a compromise appeared to gain some traction, with the Senate convening in a rare weekend session.
Republican lawmakers were reportedly working on a compromise package that could end the stalemate, with a possible vote to advance legislation expected.
Business
U.S. Air Travel in Crisis as 13,000 Air Traffic Controllers Work Without Pay Amid Government Shutdown
U.S. Air Travel in Crisis as 13,000 Air Traffic Controllers Work Without Pay Amid Government Shutdown
The United States is facing a deepening aviation crisis as nearly 13,000 air traffic controllers continue to work without pay for over a month due to the prolonged federal government shutdown, the Federal Aviation Administration (FAA) has said.
The shutdown, now entering its second month, has caused severe disruptions across the country’s air transport system, grounding hundreds of flights and leaving thousands of passengers stranded.
On Sunday morning, the FAA issued a ground stop at Newark Liberty International Airport, one of New York’s busiest air hubs, with average delays stretching beyond three hours.
Officials warned that disruptions could last into Monday as staff shortages cripple flight operations.
At least half of America’s 30 major airports are grappling with critical manpower shortages. The U.S. Transport Secretary, Sean Duffy, confirmed that more flight cancellations are imminent to “ensure public safety.”
“Flights will be cancelled across national airspace to make sure people are safe,” Duffy said during a television interview on Sunday.
Air traffic controllers, like other essential federal workers, have been compelled to remain on duty despite not receiving pay.
They are among thousands affected by the funding deadlock between the Republican-controlled Congress and the Democratic-led Senate.
The FAA, in a statement, appealed to lawmakers to end the shutdown and allow workers to receive their wages, warning that the current situation could trigger further operational breakdowns.
“The shortage means we have had to reduce the flow of air traffic to maintain safety,” the agency stated. “This may result in delays or cancellations.”
According to flight-tracking platform FlightAware, nearly 4,500 flights across the U.S. were delayed and more than 500 cancelled on Saturday alone.
In New York, the nation’s busiest airspace, about 80% of air traffic controllers were absent heading into the weekend, the FAA said.
The resulting gridlock has left airlines scrambling to manage schedules and passengers stranded in terminals.
Secretary Duffy acknowledged the growing strain on aviation workers, noting that many controllers were under “a great deal of stress” as they try to balance their duties and family responsibilities without pay.
“They don’t make a lot of money,” he said.
“Some of them are the only breadwinners in their households. They’re being forced to choose between going to work without a paycheque or finding side jobs just to put food on the table.”
The shutdown stems from a budget impasse in Washington.
A Republican-backed funding bill has failed more than a dozen times to pass the Senate, while Democrats have insisted on conditions to protect social welfare programmes.
They are demanding an extension of health insurance tax credits and a reversal of President Donald Trump’s cuts to Medicaid, which supports millions of low-income, elderly, and disabled Americans.
Meanwhile, Trump has accused Democrats of “holding the government hostage for political gain,” while opposition lawmakers blame the administration’s intransigence for the crisis affecting federal workers and public services.
As the shutdown drags on, pressure is mounting on both sides of the political divide to reach a compromise.
Labour unions and aviation experts have warned that prolonged staff shortages could compromise safety and lead to a cascading effect on the global aviation network.
For now, the FAA insists it will maintain operations under reduced capacity — but warns that the situation is unsustainable.
“The safety of the travelling public remains our top priority,” the agency said. “But our workforce must be supported. America’s airspace cannot run on goodwill forever.”
Business
Gold Rush Chaos Rocks Northwestern Zambia
Gold Rush Chaos Rocks Northwestern Zambia
A sudden gold rush in northwestern Zambia has degenerated into violence as thousands of fortune seekers stormed the region following viral social media claims that the precious metal could be easily found beneath the surface.
The unverified reports, which spread rapidly earlier this year, triggered a massive influx of people from different parts of Zambia and neighbouring countries, overwhelming local communities and sparking tension with security forces.
According to reports, hundreds of police officers deployed to the area to curb illegal mining activities were confronted by hostile miners.
Some officers were also accused of collecting bribes from the illegal operators, further fuelling public outrage and mistrust.
In a swift move to restore order, a delegation of senior government officials, including the Minister of Defence and the Minister of Home Affairs, visited the affected communities to assess the situation and engage with local leaders.
A government statement described the unrest as “unacceptable” and warned against spreading false information capable of inciting violence.
Authorities also assured residents of their commitment to ensuring peace and protecting legitimate mining operations.
Officials said the chaos was largely driven by misleading social media posts suggesting that gold deposits were easily accessible in the area.
The posts prompted thousands to abandon their livelihoods in search of quick wealth, leading to illegal mining and lawlessness.
Experts have warned that such misinformation can have devastating consequences, including environmental destruction and loss of lives.
They also noted that the growing trend of unregulated artisanal mining across Zambia poses a serious challenge to sustainable development.
Zambia has witnessed several gold rush incidents in recent years, driven by rising global demand for the commodity and limited economic opportunities in rural communities.
Analysts say the latest unrest reiterates the need for the government to strengthen control over the mining sector, improve public awareness, and create safer opportunities for artisanal miners within a regulated framework.
Authorities have since intensified security presence in the region and appealed to residents to cooperate with law enforcement agencies to restore peace and normalcy.
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