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Author's articles
German minister axes trip over broken plane
German Foreign Minister Annalena Baerbock was forced Tuesday to scrap her trip to Australia, New Zealand and Fiji after her plane suffered recurring technical problems, the latest in a series of incidents with the German fleet.
Disney to shut Lucasfilm studio in Singapore
Lucasfilm's visual effects and animation studio in Singapore will close down in the coming months due to economic reasons, parent firm Disney said on Tuesday. "Over the next several months, ILM will be consolidating its global footprint and winding down its Singapore studio due to economic factors affecting the industry," Disney said in a statement.
Russian central bank hikes key rate after ruble falters
Russia's central bank on Tuesday hiked its key interest rate from 8.5 to 12 percent, after the ruble crashed to a more than 16-month low against the dollar. The bank is next scheduled to consider its key rate on September 15.
Italy's clam farmers fear blue crab 'invasion'
In the shallow waters of the Scardovari lagoon, fishermen catch clams for Italy's beloved spaghetti alle vongole, alongside mussels and oysters. This stretch of lagoon is becoming a desert," said Gianluca Travaglia, a 52-year-old farmer of mussels and clams.
Japanese economic growth smashes expectations
Quarterly growth data for Japan smashed expectations on Tuesday as car exports rebounded and tourists flooded back, but economists cautioned that it may not last.
Asian markets climb on US tech rally, China cuts rate
Asian markets rose Tuesday as a US tech rally bouyed sentiment although concerns over China weighed on Hong Kong as a surprise rate cut and a batch of weak figures gave little cheer on the economic outlook. Shanghai was down 0.1 percent while Hong Kong was off 0.7 percent as a fresh batch of data from Beijing failed to reassure investor concerns about the stuttering Chinese economy.
China suspends release of youth unemployment rates as economic data disappoints
China on Tuesday said it would suspend the release of youth unemployment rates, as its central bank cut a key interest rate to boost flagging growth. The central bank on Tuesday cut the medium-term lending facility (MLF) rate -- the interest for one-year loans to financial institutions -- from 2.65 percent to 2.5 percent.
China retail sales growth slows, falling below forecasts
China on Tuesday released weaker than expected economic data, with slowing retail sales growth pointing to shaky consumer confidence in the world's second-largest economy. The recent data suggests that China may struggle to achieve a five percent growth target set for the year.
Wine from Brazil's unsung savannah makes a splash
The tropical savannah around Brazil's ultra-modernist capital is not exactly known as wine country, but French enologist Jean-Michel Barcelo gushes as he plucks a ruby-red grape and pops it in his mouth. "The technique they're using here is different from what you see anywhere else in the world," says Barcelo, a silver-haired Frenchman who takes his wine very seriously.
AFP
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