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Spain pushes back against mooted 5% NATO spending goal
Spain is resisting US President Donald Trump's demands to hike defence spending to five percent of national output, potentially threatening NATO unity at a crucial alliance summit this month.
UK inflation dips less than expected in May
British inflation eased less than expected in May after surging in April, official data showed Wednesday, fuelling expectations that the Bank of England will hold interest rates steady this week. The inflation update followed official data last week showing that Britain's economy shrank more than expected in April.
Energy transition: how coal mines could go solar
Disused coal mines could be refashioned to place vast fields of solar panels, a new report suggests, providing an unlikely solution to a common obstacle to uptake of the green energy source. Coal mine-to-solar conversions are already happening in some countries, most notably China, which leads the world in solar uptake.
Taiwan's entrepreneurs in China feel heat from cross-Strait tensions
Bustling Taipei-style shopping streets, majestic temples to the island's deities and thriving factories dot the eastern Chinese city of Kunshan, for years a hub for Taiwanese businesses. - No guarantee of safety - An hour's drive from economic powerhouse Shanghai, Kunshan has been a key hub for Taiwanese-owned industry in China since the 1990s.
Oil stabilises after surge, stocks drop as Mideast crisis fuels jitters
Oil prices stabilised Wednesday after surging the previous day on fears of a US intervention in the Israel-Iran conflict sparked by Donald Trump calling for Tehran's "unconditional surrender". The comments sent oil prices spiking more than four percent Tuesday on fears an escalation of the conflict could hammer supplies from the crude-rich region.
Made in Vietnam: Hanoi cracks down on fake goods as US tariffs loom
Since the United States accused Vietnam of being a hub for counterfeit goods, Tran Le Chi has found it increasingly hard to track down her favourite fake Chanel T-shirts, Gucci sunglasses and Louis Vuitton handbags.
US Fed set to hold rates steady as it guards against inflation
The US central bank is expected to hold interest rates steady Wednesday after its key policy meeting, as officials gauge the impact of tariffs on inflation -- and despite President Donald Trump's calls for rate cuts.
New rules may not change dirty and deadly ship recycling business
Mizan Hossain fell 10 metres (33-foot) from the top of a ship he was cutting up on Chittagong beach in Bangladesh -- where the majority of the world's maritime giants meet their end -- when the vibrations shook him from the upper deck.
Bali flights cancelled after Indonesia volcano eruption
At least two dozen flights to and from the Indonesian resort island of Bali have been cancelled, its international airport website showed Wednesday, after a volcano in the archipelago's east erupted, shooting an ash tower 10 kilometres into the sky.
AFP
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