Ekati Diamond Mine is getting a $115 million loan from the Canadian government to continue operations at the mine and protect jobs, its owner announced Thursday, CBC.ca reported. Jeremy King, CEO of Australia-based Burgundy Diamond Mines, which owns Ekati, said his company was working in the background with the government of the Northwest Territories and came close to shutting the mine down "weeks ago." "We were in a very bleak, or stark, scenario," he said. "It was either this line or we were looking at bankruptcy and shutting the mine down," he said.

Speaking this month at an international finance conference in Tokyo, Prime Minister Sanae Takaichi of Japan used an unusual turn of phrase to sell the assembled crowd on her plan to revive the economy, the New York Times reported. “Just shut your mouths and invest everything in me,” Ms. Takaichi declared, quoting a line from the popular manga series “Attack on Titan” — a reference that several in the room admitted was lost on them. “Japan is back. Invest in Japan,” she continued. Ms.

Investors are snapping up yuan credits and surging yuan lending is poised to overtake overseas dollar loans at Chinese banks as attractive pricing helps drive a sustained push by Beijing to put the yuan on the global stage, Reuters reported. China's overseas bank lending has tripled in four years to 2.52 trillion yuan and sales of onshore and offshore yuan debt are at or near records for the second year running. Bankers say the boom is encouraged by cost, because yuan rates are low.

China is expected to leave benchmark lending rates unchanged for a seventh consecutive month in December, a Reuters survey showed, despite a depressed economy and deepening woes in the property sector, Reuters reported. Analysts say China's central bank is not in a hurry to loosen monetary policy as the economy is on track to meet this year's growth target and banks are grappling with record-low margins, but fresh interest rate cuts are likely in early 2026.

TVS Supply Chain Solutions has moved appellate tribunal NCLAT, challenging an NCLT order which had rejected its plea to initiate insolvency against the Indian unit of telecom gear manufacturer ZTE, the Economic Times of India reported. The NCLAT registrar has accepted the request of TVS Supply Chain for more time to cure defects in the plea, which was accepted by it on Thursday. It also directed that the plea be listed before a bench for hearing.

Lured by the promise of richer margins, a wave of Chinese consumer brands is making deeper inroads into American retail to offset sluggish spending at home, Reuters reported. Throughout 2025, companies including Labubu-maker Pop Mart trinket purveyor Miniso sportswear giant Anta and fast‑fashion label Urban Revivo have announced new U.S. stores or retail expansions, trying to establish a foothold in the world’s richest consumer market despite harsh U.S. tariffs and talk of economic decoupling.

The redirection of China’s export machine is one of the most dramatic examples of how President Trump’s trade war has rewired global commerce, according to a Wall Street Journal commentary. China is outfoxing Trump’s efforts to isolate Beijing, with shipments to Europe and Southeast Asia more than offsetting the nearly 20% contraction to the U.S. The European Union has this year topped the U.S. as the largest market for China’s $100 billion cheap package blitz for the first time, according to Chinese customs data.

China on Thursday split off a Belgium-sized island with an economy comparable to a mid-ranked country from the mainland for customs processing, part of a bid to join a major trans-Pacific trade deal and establish a new Hong Kong-style commercial hub, Reuters reported. Officials hope that turning the southern province of Hainan into a duty-free zone will spur foreign investment, with goods that achieve at least 30% local value-added able to move on into the world's second-largest economy tariff-free.