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Author's articles
WTO fishing deal: the net results
The World Trade Organization's agreement on fisheries subsidies -- its first environmentally focused accord -- enters into force on Monday after years of thorny negotiations at a time of heightened international trade tensions.
Asian markets fluctuate ahead of expected US rate cut
Asian markets were mixed Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week. Equities have enjoyed a strong run-up over recent weeks as a string of data on jobs and inflation provided the US central bank with enough leeway to resume its rate reductions.
Australia's ANZ bank hit with record fine over 'widespread misconduct'
Australia's ANZ, one of the country's "big four" banks, has agreed to pay a record fine of Aus$240 million ($159.5 million) over "widespread misconduct", the financial regulator said Monday.
Trump concerned S. Korean arrests could 'frighten' investors
President Donald Trump on Sunday said foreign workers sent to the United States are "welcome" and he doesn't want to "frighten off" investors, 10 days after hundreds of South Koreans were arrested at a work site in Georgia.
New round of US-China trade talks kicks off in Madrid
China and the United States kicked off the latest round of trade talks on Sunday in Madrid, where they are set to thrash out their TikTok dispute and President Donald Trump's promised hefty tariffs. Top leaders from both countries will also discuss their dispute over the TikTok social media platform during the meetings in Madrid.
Lab-grown diamonds robbing southern Africa of riches
Botswana and southern African peers that built much of their prosperity on diamonds are scrambling for alternatives as cheaper, lab-grown stones threaten their economies. Just steps away, a lab-grown diamond valued at $115 was unguarded.
US Fed poised for first rate cut of 2025 as political tension mounts
The US Federal Reserve is widely expected to make its first interest rate cut of the year at its policy meeting this week, spurred by a weakening jobs market -- but political tension looms over the gathering. Analysts now broadly expect a 25 basis points rate cut at the end of its two-day meeting on Wednesday, as hiring slows.
US to stop collecting emissions data from polluters
The United States moved on Friday to dismantle a "burdensome" federal program that tracks greenhouse gas emissions across the US economy, the latest step by President Donald Trump's administration to undercut efforts against climate change. Democrats had anticipated the move after they obtained documents in the spring that indicated the change was planned.
Boeing defense workers reject deal to end strike
Boeing workers at its St. Louis area defense factories will stay on strike after union members voted Friday to reject a new contract offer from the US aviation giant. "We're disappointed our employees have rejected a five-year offer, including 45 percent average wage growth," said Dan Gillian, a senior St. Louis site executive with Boeing.
AFP
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