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Germans face big energy levy but government vows aid
Germans face big energy levy but government vows aid
by  AFP

German households face an energy surcharge reaching hundreds of euros in the wake of the Ukraine war, according to the rate published Monday, prompting the government to promise relief measures. He promised that the "levy will be accompanied by another relief package", details of which are still being discussed.

Putin pushes Russia's combat-tested arms for export
Putin pushes Russia's combat-tested arms for export
by  AFP

President Vladimir Putin on Monday promoted Russian weapons to his foreign allies, saying they had all been tested on the field of battle. He said Russian weapons are valued by military professionals for their "reliability, quality and most importantly -- high efficiency".

Asian markets mostly rise, China data shows slowdown
Asian markets mostly rise, China data shows slowdown
by  AFP

Asian markets mostly rose Monday as investors took heart from signs of cooling US inflation, but Hong Kong and Shanghai fell as data showed China's economy was struggling with its Covid-19 restrictions. China unexpectedly cut key interest rates as a raft of data released Monday indicated the world's second-largest economy was struggling with virus restrictions and a slumping property market.

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