Chinese President Xi Jinping and Communist Party elites are in Beijing for the Fourth Plenary, where the roadmap for the country's industrial development over the next five years will be set. We take a closer look. But first, the country's latest economic data paints a troubling picture. 

US President Donald Trump says Prime Minister Narendra Modi has agreed that India will stop buying Russian oil, as American tariffs hit Indian exports to the United States. Treasury Secretary Scott Bessent has hinted at a possible de-escalation of the US–China trade war, while Argentina’s manufacturing sector is feeling the side effects of Javier Milei’s free-market policies.

Reintroducing a wealth tax has become a particularly divisive issue in France’s ongoing budget battle. In a world where the richest 1 percent hold more wealth than the bottom 95 percent combined, Susana Ruiz, Tax Policy Lead at Oxfam International, tells FRANCE 24 that taxing the rich is “a new common sense.” Also in this segment, Elon Musk’s Starlink has come under scrutiny amid allegations it is helping to power online scam centres in Southeast Asia.

In the face of an unprecedented political crisis, France's re-appointed prime minister Sébastien Lecornu proposed suspending President Emmanuel Macron's signature pension reform enacted in 2023.  Speaking before parliament, Lecornu warned however of the estimated cost of such a move as he pressed lawmakers to agree on next year's budget.  Also in the segment, the US and China have started collecting new tit-for-tat port fees imposed on each other's maritime transport and shipping industry. 

Port fees imposed by China and the US took effect on Tuesday, adding a new front to the trade war between the world’s two largest economies. In this edition, we explore the reasons behind these new fees and their impact on the broader talks between Washington and Beijing. Also, we examine how US soybean farmers are being affected by China’s halt on imports of US-produced soybeans.

The 2025 Nobel Prize in Economics was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their work on "explaining innovation-driven growth". They are credited with quantifying the concept of "creative destruction" – the idea that innovations like steam engines and artificial intelligence, which replace older technologies and businesses, can ultimately benefit humanity in the long run. And, in an unprecedented move, the Dutch government took control of the Chinese-owned chipmaker Nexperia over national security concerns, marking an unprecedented move.

Long reliant on humanitarian aid due to the Israeli blockade, Gaza’s economy is now in ruins –unemployment exceeds 80 percent, 92 percent of its private homes have been destroyed, and more than 98 percent of its farmland is rendered unusable. Rebuilding cost estimates range from 50 to 80 billion dollars, but it remains unclear who will foot the bill.

Ferrari has unveiled technology – new powertrain and chassis – that will power its first electric car, scheduled for launch next year. However, the Italian carmaker also scaled back its electrification plan, and its revised profit and revenue forecast disappointed investors, sending its stock down 15 percent. But first: amid the ongoing political chaos, we look at how French businesses are struggling to plan ahead.   

China's commerce ministry has announced it is imposing new rules limiting the export of rare earths and associated technology, including related to overseas companies using Chinese rare earths. The move comes amid long-standing trade talks with the United States and ahead of expected talks between Presidents Xi Jinping and Donald Trump later this month. Also in this edition: Ben & Jerry's co-founder Ben Cohen vows to keep fighting for his brand's social activism.

France's caretaker Prime Minister Sébastien Lecornu says he'll present a draft budget bill next Monday, adding that there is still "a lot to debate".  Among the sticking points is President Emmanuel Macron's signature pension reform, which was passed in 2023. So could it possibly be suspended? If so, at what cost? Also in the segment: British Prime Minister Keir Starmer says he wants the "biggest post-Brexit trade deal" with India to be implemented "as soon as humanly possible", as he begins a two-day visit to the Asian country.