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Asian markets follow Wall St higher as US inflation eases
Data showing inflation easing further boosted Asian markets Monday, fuelled by hopes central banks could be nearing the end of their interest rate hiking cycle. The S&P 500 and Nasdaq chalked up big gains to end a strong first half of the year, even after a series of rate hikes as well as a regional banking crisis.
Yellen to visit China, raising need to 'responsibly manage' ties
Treasury Secretary Janet Yellen is set to visit Beijing this week, the United States said Sunday, marking the second trip by a cabinet official to China since ties between the world's top two economies deteriorated earlier this year. In Beijing, Yellen will discuss how the United States views its economic relationship with China, a senior Treasury official said Sunday.
New 'Indiana Jones' tops N.America box office despite tepid debut
The latest -- and likely last -- installment in the popular "Indiana Jones" franchise lassoed the competition at the North American box office, industry estimates showed Sunday, but analysts noted the weak debut for the fan favorite.
'Thin-armoured' French tanks impractical for attacks, says Ukraine commander
Ukrainian President Volodymyr Zelensky thanked French leader Emmanuel Macron for sending light combat tanks to Kyiv, and Defence Minister Oleksiy Reznikov was filmed riding in one. According to the French defence ministry, AMX-10s offer protection against light infantry fire.
Israel approves buying 25 new F-35 stealth fighter jets: ministry
Israel has approved buying a third squadron of advanced F-35 fighter jets manufactured by Lockheed Martin in a $3-billion deal, the defence ministry said on Sunday. The deal to purchase 25 F-35 jets -- expected to be signed in coming months -- will expand the country's fleet of the aircraft to 75, a ministry statement said.
Nestle steps up reforestation project in Ivory Coast
Nestle is stepping up its project to combat deforestation in Ivory Coast caused by the growth of cocoa farming, bringing cocoa trading companies directly on board. - Plenty at stake - For its second three-year phase, the Swiss trading company Cocoasource and the French firm Touton, which work directly with cocoa and rubber cooperatives in the area affected, have been brought on board.
Culture wars put American companies on the defensive
Boycotting a beer, attacking products celebrating the LGBTQ community, and criticizing shareholders for promoting diversity: In the face of growing criticism from conservatives, American companies are backtracking on progressive corporate initiatives.
In AI tussle, Twitter restricts number of posts users can read
Elon Musk announced Saturday that Twitter would temporarily restrict how many tweets users could read per day, in a move meant to tamp down on the use of the site's data by artificial intelligence companies. The day before, Musk had announced that it would no longer be possible to read tweets on the site without an account.
PM Hun Sen says Facebook reps no longer allowed in Cambodia
Prime Minister Hun Sen has backed down from threats to cut off access to Facebook in Cambodia, even as he declared the company's representatives would no longer be welcome in the country. Hun Sen did, however, say the social media giant's representatives would "no longer be allowed in Cambodia".
AFP
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