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EU-China relations have reached an "inflection point", European Commission President Ursula von der Leyen told her Chinese counterpart Xi Jinping at a one-day summit in Beijing, BBC reported.

"As our co-operation has deepened, so have imbalances," von der Leyen said, referring to the European Union's huge trade deficit with China. She also warned China's ties with Russia were now the "determining factor" in its relations with the EU. 

Xi urged EU leaders to "properly manage differences", saying "the current challenges facing Europe do not come from China".

Earlier in the year there were suggestions a Trump presidency could help the EU and China find common cause but instead ties have grown more fraught, according to BBC.

Hulk Hogan, one of America's best-known wrestling stars, has died at the age of 71.

The star, born Terry Gene Bollea and known for his flowing blond hair and iconic handlebar moustache, died at his home in Florida on Thursday.

Hogan began his professional wrestling career in 1977, but shot to fame after signing for the World Wrestling Federation (WWF), as it was known before it became World Wrestling Entertainment (WWE), in 1983.

He was one of the most prominent characters as the popularity of wrestling exploded, and later became well-known for his reality show, Hogan Knows Best, which aired on VH1 from 2005 to 2007.

France will officially recognise a Palestinian state in September, President Emmanuel Macron has said, which will make it the first G7 nation to do so, BBC reported.

In a post on X, Macron said the formal announcement would be made at a session of the UN General Assembly in New York.

"The urgent need today is for the war in Gaza to end and for the civilian population to be rescued. Peace is possible. We need an immediate ceasefire, the release of all hostages, and massive humanitarian aid to the people of Gaza," he wrote.

Palestinian officials welcomed Macron's decision, while Israeli Prime Minister Benjamin Netanyahu said the move "rewards terror" following Hamas's 7 October 2023 attack in Israel, according to BBC.

US President Donald Trump visited the Federal Reserve headquarters in Washington on Thursday, calling for lower interest rates to ease housing costs and support economic growth, Xinhua reported.

Speaking to reporters after his meeting with Fed Chairman Jerome Powell, Trump said interest rates were too high, making home ownership difficult despite strong economic performance.

“We have no inflation and strong cash flow. We should have the lowest interest rates globally,” he said, expressing confidence that Powell would eventually take appropriate action, according to Xinhua.

Local media viewed the visit as part of the administration’s effort to increase pressure on the Fed to reduce borrowing costs.