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China, South Korea and Japan agree to strengthen free trade
China, South Korea and Japan agree to strengthen free trade
by  AFP

China, South Korea and Japan agreed Sunday to strengthen free trade, according to a joint statement from their top officials meeting in Seoul. South Korea and Japan are major auto exporters, while China has also been hit hard by new US tariffs.

Australian black market tobacco sparks firebombings, budget hole
Australian black market tobacco sparks firebombings, budget hole
by  AFP

Sky-high tobacco prices in Australia have created a lucrative black market, analysts say, sparking a violent "tobacco war" and syphoning away billions in potential tax revenue. In March, the government cut its budget forecast for tobacco tax revenue in the period to 2029 by Aus$6.9 billion.

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