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OECD ups world economic outlook as tariffs contained, for now
OECD ups world economic outlook as tariffs contained, for now
by  AFP

The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump's tariffs, but their full impact remains uncertain, the OECD said Tuesday. In June, the Paris-based organisation had cut its forecast from 3.1 percent to 2.9 percent, warning at the time that Trump's tariffs would stifle the world economy.

Asian markets struggle as focus turns to US inflation
Asian markets struggle as focus turns to US inflation
by  AFP

Asian markets struggled Tuesday to track another record day on Wall Street, with traders now awaiting the release of US inflation data that could dictate Federal Reserve policy in coming weeks. The tepid performance came after a hot couple of weeks on trading floors fuelled by optimism over an easing of US monetary policy.

Maverick Georgian designer Demna debuts for Gucci in Milan
Maverick Georgian designer Demna debuts for Gucci in Milan
by  AFP

Maverick Georgian designer Demna makes his debut for Gucci at Milan Fashion Week on Tuesday with a film of a family of Italian characters bursting with attitude, as the house pledged a "new era" its history. The Italian fashion house, famous for its handbags, has struggled since the Covid pandemic against a slowing Chinese appetite for luxury goods that has hit the sector hard worldwide.

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