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Cash-strapped Sri Lanka eyes China development
Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend. When the island nation plunged into chaos, CIA chief Bill Burns blamed its economic collapse on what he called "dumb bets" on Chinese-funded projects.
Asian markets fluctuate on uncertainty over Fed rate plan
Asian markets swung between gains and losses Wednesday as traders tried to ascertain how big an expected Federal Reserve interest rate cut would be later in the day, while the dollar held gains against the yen after forecast-beating US data. Still, Asian markets fluctuated.
US Fed set to make first rate cut since 2020
The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more than four years, a significant move likely to ripple through global financial markets. But as inflation has fallen in the months since, and the labor market has cooled, analysts at top US banks have raised the number of cuts they expect the Fed to pencil in this year.
Musk to deliver 'drastic' cuts to Trump government
Elon Musk's fervent support for Donald Trump in the upcoming US election could extend far beyond incendiary tweets and campaign cash if the former president returns to the White House. The nine-member top court is now dominated by conservatives, including several Trump appointees, and has made recent decisions increasing the powers of the White House.
Google faces another test in EU court over 1.5-bn euro fine
An EU court will rule on Wednesday on Google's appeal of a 1.49-billion euro ($1.65 billion) fine from the European Union, a week after the US tech giant suffered a stinging legal defeat over a bigger penalty. The legal saga continues in that case after Google appealed the latest decision before the higher European Court of Justice.
Bolivian ex-leader Morales, backers set out on weeklong protest march
Bolivian ex-president Evo Morales embarked on a seven-day march with thousands of supporters Tuesday against incumbent leader Luis Arce, who has denounced the protest as a "coup attempt." Arce has accused his former ally-turned-rival Morales of plotting a coup by calling for demonstrations against him.
Boeing, union resume talks as strike empties Seattle plants
Negotiators from Boeing and the machinists union representing its workers resumed talks Tuesday after some 33,000 employees went on strike late last week, effectively shutting down two Seattle-area factories. Workers late Thursday overwhelmingly rejected the deal and voted 96 percent to strike.
Instagram, under pressure, tightens protection for teens
Meta on Tuesday announced the creation of "Teen Accounts," designed to better protect underage users from the dangers associated with Instagram.
Inflation slows again in Canada to 2%
Inflation in Canada eased to two percent year-on-year in August, hitting the target set by the country's central bank and marking its slowest increase since February 2021, official data showed Tuesday. The easing was due in part to lower gas prices, down 5.1 percent year-on-year after a 1.9 percent increase in July, Statistics Canada said in a statement.
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