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Division trumps unity in US election rhetoric
Donald Trump and Joe Biden have both stressed "unity" in the wake of the stunning assassination attempt on the Republican presidential contender, but any shift to a more civil political discourse is likely to be short-lived.
Asian traders struggle to match Wall St record as Trump odds grow
Asian markets fluctuated Tuesday as rising expectations that Donald Trump will return to the White House played up against fresh hopes that the Federal Reserve will cut interest rates at least once this year. The dovish comments over the past week have sent bets on a September rate cut soaring, while some traders are eyeing as many as three by the end of the year.
Young Chinese seek alternative jobs in shifting economy
Braving loneliness, tough auditions and an unfamiliarly hot and humid climate, aspiring actor Guo Ting is determined to make it in China's answer to Hollywood. The casting agent's office was next door to a community space run by an actors' union, where dozens of people sat waiting for auditions and job interviews.
Beijingers feel the pinch as economic data disappoints
Shopping online, skipping meals out and a general sense that decades of double-digit growth are very much a thing of the past -- Beijingers told AFP Monday they were feeling the pinch as the economy slowed. Beijing has said it is aiming for five percent growth this year -- enviable for many Western countries but a far cry from the double-digit expansion that for years drove the Chinese economy.
Recent data adds to Fed confidence on cooling inflation: Powell
Federal Reserve Chair Jerome Powell said Monday that recent data lifts the central bank's confidence that inflation is coming down towards its two percent target -- a trend that signals interest rate cuts on the horizon.
Swatch profits plunge as China luxury crisis bites
Swiss watch group Swatch saw its first half profits plunge due to the luxury market crisis in China and warned Monday the key market was likely to remain difficult throughout the rest of the year. But the Chinese market will likely remain challenging for the entire luxury goods industry until the end of the year, it said.
Belgrade's sewage problem festers despite pledges
The sight of ducklings struggling to swim in Belgrade's stinking sewage-choked rivers is one residents hope a long-promised wastewater treatment plant will make a thing of the past. Hopes for the city's water quality were raised in June after authorities announced they had found candidates willing to build a much-needed sewage treatment plant.
Stocks mixed, dollar rises as traders weigh Trump shooting
Asian markets were mixed Monday as investors weigh the impact of the assassination attempt on Donald Trump with data suggesting it has boosted his chances of being re-elected president. Still, Katrina Ell at Moody's Analytics said: "The assassination attempt might lead to a temporary boost in the polls for Trump, but a lot can change before November.
Pakistan reaches $7 bn aid deal with IMF
The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy. Pakistan's last $3 billion loan from the IMF in 2023 proved a lifeline.
AFP
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