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Top German minister on peace mission amid China EV tariffs row
Germany's Vice Chancellor Robert Habeck will arrive in Beijing on Friday on a last-ditch mission to avoid a damaging trade war with China after the EU threatened to slap additional tariffs on electric cars. Germany's large and influential auto manufacturers are fearful of a trade war with Beijing that could rebound on their business activities in China.
Asian markets retreat after tech losses hobble Wall St
Asian markets mostly fell Friday following a broadly negative lead from Wall Street, where tech giants led a sell-off on profit-taking, while traders are on intervention watch as the yen retreats back towards a three-decade low.
Argentina has surplus harvest, but farmers want more from Milei
In the pampas, Argentina's vast and fertile grasslands outside Buenos Aires, grain silos overflow with this year's harvest -- but nobody is selling just yet. One sells just enough to cover expenses," Ricardo Semino, a farmer from Lobos, 110 kilometers (68 miles) southwest of Buenos Aires, told AFP as he finished harvesting his corn and wheat fields.
Japan inflation ticks up in May to 2.5%
The pace of Japanese inflation accelerated in May partly due to higher energy bills, government data showed Friday, as analysts speculate on the timing of the Bank of Japan's next rate hike. Data released earlier this month showed that Japan's household spending rose in April for the first time in 14 months, with wage growth at the fastest pace in three decades.
IMF signs off new $786 million Tanzania loan agreement
The IMF executive board approved a new loan program with Tanzania worth around $786 million on Thursday to help it "build resilience to climate change," and also unlocked the latest tranche of money under an existing agreement.
US bans Russia's Kaspersky antivirus software
The United States on Thursday banned Russia-based cybersecurity firm Kaspersky from providing its popular antivirus products in the country on national security grounds, the US Commerce Department announced.
US philanthropist Melinda French Gates endorses Biden
American philanthropist Melinda French Gates, the ex-wife of Microsoft co-founder Bill Gates, endorsed President Joe Biden on Thursday for November's US election, arguing that he is the best candidate for women.
Niger revokes French operating licence at major uranium mine
Niger has revoked the operating licence of French nuclear fuel producer Orano at one of the world's biggest uranium mines, the company said Thursday, in a move that highlighted tensions between France and the African country's ruling junta.
European stocks advance, AI propels US into record territory
Enthusiasm over AI helped propel tech stocks higher and Wall Street to fresh records on Thursday while European stocks advanced as central banks made interest rate calls. - Central banks - Interest rate calls by central banks in Europe animate trading across the Atlantic, helping stocks rise across the region.
AFP
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