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Rental home investors poised to benefit as mortgage rates, high home prices sideline buyers in 2025

AP Business Writer LOS ANGELES (AP) — Elevated mortgage rates, rising home prices and other U.S. housing market trends that have kept many would-be homebuyers on the sidelines are likely to remain hurdles next year, driving solid demand for single-family rental houses, analysts say. Research notes from analysts at Mizuho Securities USA and Raymond James

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NATO and Ukraine to hold emergency talks after Russia’s attack with new hypersonic missile

Associated Press KYIV, Ukraine (AP) — NATO and Ukraine will hold emergency talks Tuesday after Russia attacked a central city with an experimental, hypersonic ballistic missile that escalated the nearly 33-month-old war. The conflict is “entering a decisive phase,” Poland’s Prime Minister Donald Tusk said Friday, and “taking on very dramatic dimensions.” Ukraine’s parliament canceled

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Japan passes $250B economic package meant to lift wages and spur growth

Associated Press TOKYO (AP) — Japan has approved a $250 billion economic stimulus package centered around initiatives intended to boost incomes. The broad plan passed by the Cabinet on Friday is the centerpiece of Prime Minister Shigeru Ishiba’s recently installed administration. It provides support for digital innovation in the world’s fourth largest economy, subsidies to

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Indigenous leaders travel to UK from Peru to draw attention to oil damage and banking

Associated Press LONDON (AP) — Indigenous leaders from the Wampis Nation in Peru are urging lawmakers at the House of Commons in London to ban international banks’ support for Amazon oil activities they say harm their ancestral rainforests. HSBC bank, JPMorgan Chase and Santander helped finance the Peruvian state-owned oil company Petroperu as it sought

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Tusk’s party holds primary to pick Polish presidential candidate for election in 2025

By VANESSA GERA Associated Press (AP) — Polish Prime Minister Donald Tusk’s centrist Civic Coalition is holding a primary to choose a candidate who will run in the nation’s presidential election next year. Party members are choosing between Warsaw Mayor Rafał Trzaskowski and Foreign Minister Radek Sikorski. The winner of the party primary will face

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Australia rejects Elon Musk’s claim that it plans to control access to the internet

Associated Press MELBOURNE, Australia (AP) — An Australian Cabinet minister on Friday rejected X Corp. owner Elon Musk’s allegation that the government intended to control all Australians’ access to the internet through legislation that would ban young children from social media. Treasurer Jim Chalmers said Musk’s criticism was “unsurprising” after the government introduced to Parliament

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Romania holds a presidential election Sunday that could narrow to nationalist and leftist candidates

Associated Press BUCHAREST, Romania (AP) — Romanians will vote Sunday in a presidential election that looks likely to pit a far-right nationalist party leader against the leftist prime minister in a runoff in two weeks. Thirteen candidates are vying for the presidency in the European Union and NATO member country. Romania also will hold parliamentary

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Hungary’s Orbán vows to disregard international arrest warrant for Netanyahu

Associated Press BUDAPEST, Hungary (AP) — Hungarian Prime Minister Viktor Orbán on Friday denounced the International Criminal Court’s issuing of an arrest warrant for Israeli Prime Minister Benjamin Netanyahu, saying he would defy it by inviting him to Hungary. In comments to state radio, Orbán accused the ICC, the world’s top war crimes court based

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Iran says it is activating new centrifuges after being condemned by UN nuclear watchdog

By Mohammed Tawfeeq, Eyad Kourdi and Jessie Yeung, CNN (CNN) — Iran announced Friday it was activating new advanced centrifuges – which enrich uranium for the country’s nuclear program – after the United Nations’ nuclear watchdog criticized the country for not cooperating with the agency. Iran will activate “a noticeable number of new and advanced

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Tariff hikes will backfire, and China can manage such ‘external shocks,’ a senior official says

AP Business Writer HONG KONG (AP) — A senior Chinese official says higher tariffs on Chinese exports will backfire by boosting prices paid by consumers. The official, Vice Commerce Minister Wang Shouwen, told reporters in Beijing that China can manage “the impact of external shocks” like higher tariffs. Asked about U.S. President-elect Donald Trump’s plan

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