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China suspends release of youth unemployment rates as economic data disappoints
China suspends release of youth unemployment rates as economic data disappoints
by  AFP

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 retail sales growth slows, falling below forecasts
by  AFP

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
Wine from Brazil's unsung savannah makes a splash
by  AFP

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.

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