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US Fed set to slow rate hikes but signal inflation fight not over
US Fed set to slow rate hikes but signal inflation fight not over
by  AFP

The Federal Reserve starts the second day of its policy meeting Wednesday, on growing expectations that it will step down to a smaller interest rate hike as red-hot inflation shows signs of cooling. Policymakers are widely expected to announce a 0.25 percentage point rate hike at the end of their two-day meeting, slowing from a half-point increase in December and steeper hikes before that.

Electric cars gain record market share in Europe
Electric cars gain record market share in Europe
by  AFP

Electric car sales set a new market share record in the European Union in 2022, industry figures showed Wednesday, as the region seeks to rid itself of fossil fuel cars. In Norway a record four out of five new cars (79 percent) sold last year were electric, in a major oil-producing country that aims to end the sale of new fossil fuel cars by 2025 -- a decade ahead of the EU's ban.

Share sale fails to halt Adani market slide in India
Share sale fails to halt Adani market slide in India
by  AFP

A successful public offer failed to stop investors dumping shares in Indian tycoon Gautam Adani's business empire for a fifth day on Wednesday after allegations of massive accounting fraud from a short-seller investment group.

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