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Stocks rise further on growing trade deal hopes
Asian stocks extended their rally Thursday on hopes for an easing of trade war tensions as China and the United States prepare for weekend talks and after Donald Trump flagged a "major trade deal" later in the day. Meanwhile, Trump posted on his Truth Social platform that he would announce "a major trade deal with representatives of a big, and highly respected, country" later Thursday.
Bank of England set to cut rate amid Trump's tariffs
The Bank of England is widely expected to cut its key interest rate by a quarter point Thursday as US President Donald Trump's planned tariffs threaten to weaken economic growth.
Trump tariff plan brings Hollywood's struggles into focus
Donald Trump's proposal to put 100 percent tariffs on foreign movies left many filmmakers scratching their heads. Newsom reacted to Trump's tariff suggestion with a counter-proposal for a $7.5 billion federal tax credit that would apply nationwide.
California leads lawsuit over Trump's EV charging funding change
Donald Trump's order to withhold $5 billion earmarked to grow the electric vehicle charging network in the United States is being challenged in court by more than a dozen states, California officials said Wednesday.
Google shares plunge after Apple executive's court testimony
Shares in Google parent Alphabet plunged more than eight percent on Wednesday after Apple executive Eddy Cue testified in federal court that Google's search traffic on Apple devices declined last month for the first time in over two decades.
Perrier ordered to remove water filters
Regional French authorities ordered Nestle on Wednesday to remove a system that filters Perrier and to renew its authorisation to call it natural mineral water, marking the latest turn in a saga that has ensnared the government. But having to remove the filtering system within two months and obtain reauthorisation to call Perrier natural mineral water was another blow for its owner Nestle Waters.
US safety officials slow operations at Newark airport after outage
Regulators said Wednesday they have been slowing arrivals and departures at one of the United States' busiest airports following a 90-second traffic control system outage last week that has industry experts sounding alarm bells.
Alphabet's share price plunges on traffic drop testimony
Shares in Google parent Alphabet plunged more than seven percent on Wednesday after an Apple executive told a federal court that the search engine's traffic fell on Apple products last month. Cue told the court this would have a significant impact on Apple's ability to invest in new products and services. arp/dw
South Africa launches reform of derelict municipalities
South African President Cyril Ramaphosa unveiled Wednesday a plan to revive South Africa's flagging local governments, weeks after publicly criticising the state of the financial capital Johannesburg as it prepares to host the G20 summit in November.
AFP
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