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China, US agree to $30b tariff cut, AI dialogue during Xi visit, Beijing says

China said on Saturday it had agreed with the United States on a $30 billion reciprocal tariff-reduction arrangement and on launching a ​dialogue on AI, under an eight-point consensus reached during President ‌Xi Jinping's visit to Washington. The two sides have also agreed to set up a trade council and extend the outcomes of earlier talks in Kuala Lumpur, the Chinese ​Foreign Ministry said. The agreement follows an earlier move by ​the world's two largest economies to extend by two months ⁠a trade truce that had been due to expire on November 10, ​allowing more time to work on a potentially bigger trade deal, US ​Treasury Secretary Scott Bessent said on Wednesday. Read: US, China buy time with trade truce as pressure builds The three-day summit between Xi and President Donald Trump, which ended on Friday, showcased personal diplomacy rather than big public breakthroughs. ​Xi has since landed in Beijing, Chinese state news agency Xinhua reported ​on Saturday. On a...

'Drone attack unlikely caused fire at Zaporizhzhia plant':UN

The International Atomic Energy Agency (IAEA) said Monday that its experts visited the damaged cooling tower at Ukraine’s Zaporizhzhia Nuclear Power Plant (ZNPP) and found no remains of a drone. "Based on the observations, the team assessed that it was unlikely that the primary source of the fire began at the base of the cooling tower," IAEA Director General Rafael Grossi said in a statement. His remarks came a day after Ukraine and Russia traded accusations following reports of a fire breaking out at one of the cooling systems of the Russia-controlled power plant. Russia accused Ukrainian forces of striking the cooling tower with an unmanned aerial vehicle (UAV), while Ukrainian President Volodymyr Zelenskyy accused Russian troops of setting fire to the plant. While visiting the impacted cooling tower, Grossi said the team observed burnt areas in the internal equipment higher up, near the water nozzle distribution level. Samples of the debris, including burnt and molten plastic, were collected, he said, adding: "Neither tire nor drone remains were observed during the walkdown." The team confirmed that there were no significant signs of disturbance of the debris, ash or soot located at the base of the cooling tower, and the nuclear safety of the plant was not affected, he stressed. "The team has not been able to draw definitive conclusions on the basis of the findings and observations so far," Grossi said, adding the IAEA will continue its overall analysis after an additional review and access to the water nozzle distribution level and the cold-water basin.

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