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Markets rise on growing rate cut hopes
Markets rose Wednesday on growing hopes of US interest rate cuts after soft inflation data, with Japan's Nikkei hitting a second record high in as many days. That boosted hopes among that the US Federal Reserve and its embattled chief Jerome Powell will cut interest rates next month.
European powers tell UN they are ready to reimpose Iran sanctions
European powers tell UN they are ready to reimpose Iran sanctions
Fortnite developer claims win against Apple and Google
An Australian court has found Apple and Google misused their market power in a dispute with the maker of wildly popular video game Fortnite. Fortnite is one of the most popular video games in the world, laying claim to hundreds of millions of registered players. lec/sft/mtp
Soft US inflation boosts Asia markets
Japan's Nikkei hit a second record high in as many days Wednesday, as hopes of US interest rate cuts following soft inflation data cheered equity investors across Asia. Early afternoon, the Nikkei 225 index was at 43,359.03, up 1.5 percent, having already hit a new intraday record high of 42,999.71 the previous day.
German gas drive fuels fears of climate backsliding
Germany's conservative-led government has launched a drive to rapidly build more gas-fired power plants, fuelling fears about climate policy backsliding and sparking unease even within its own ranks. The Climate Union, grouping CDU and other conservative politicians, has warned subsidies for new gas plants could push up power costs, the Handelsblatt financial daily reported.
India reels from US tariff hike threat
Indian exporters are scrambling for options to mitigate the fallout of US President Donald Trump's threatened tariff salvo against the world's most populous nation. Since Trump's tariff threats, Prime Minister Narendra Modi has spoken to both Putin and Ukrainian President Volodymyr Zelensky, urging a "peaceful resolution" to the conflict.
Chatbot Grok stirs confusion over suspension after Gaza claims
AI chatbot Grok on Tuesday offered conflicting explanations for its brief suspension from X after accusing Israel and the United States of committing "genocide" in Gaza, as it lashed out at owner Elon Musk for "censoring me."
Passwords under threat as tech giants seek tougher security
Fingerprints, access keys and facial recognition are putting a new squeeze on passwords as the traditional computer security method -- but also running into public hesitancy. The companies have been working on creating and popularising password-free login methods, especially promoting the use of so-called access keys.
'Stop production': Small US firms battered by shifting tariffs
When US President Donald Trump announced tariffs on almost all trading partners in April, Ben Knepler contacted the factory in Cambodia producing his company's outdoor furniture.
AFP
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