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German factory outfitters warn of 'crisis' from US tariffs
German factory outfitters warn of 'crisis' from US tariffs
by  AFP

Germany's plant and equipment makers' federation warned Wednesday the sector is facing an "existential crisis" after the United States broadened the reach of its metals tariffs. "The harm caused by them, along with the prospect of still more in the months to come, are sending key machinery sectors hurtling toward the precipice of an existential crisis," wrote the group's president Bertram Kawlath.

US tariffs on Indian goods double to 50% over Russian oil purchases
US tariffs on Indian goods double to 50% over Russian oil purchases
by  AFP

US tariffs of 50 percent took effect Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil. While Trump has slapped fresh duties on allies and competitors alike since returning to the presidency in January, this 50-percent level is among the highest that US trading partners face.

Asian markets diverge with eyes on Nvidia earnings
Asian markets diverge with eyes on Nvidia earnings
by  AFP

Asian markets diverged Wednesday morning following broad losses the previous day, as attention turns from political pressure on the US central bank to a key earnings report by AI giant Nvidia. California-based AI chip giant Nvidia will report second-quarter financial results on Wednesday evening, closely watched as a bellwether for the industry as worries about a tech bubble rise.

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