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Asian markets sink on concerns over tech rally, Fed rates
Asian markets sink on concerns over tech rally, Fed rates
by  AFP

Asian markets sank Friday, tracking a selloff on Wall Street as worries over next month's Federal Reserve interest rate decision and persistent speculation about a tech bubble dampened sentiment. The dimmer outlook for rates compounded worries that the tech sector may be overpriced after an AI-fuelled surge this year that has sent markets to records.

Fight over fossil fuels drawdown looms at UN climate summit
Fight over fossil fuels drawdown looms at UN climate summit
by  AFP

Two years after nations agreed to transition away from fossil fuels, dozens are pushing to go even further at the COP30 climate summit, setting up a showdown with oil powers. It was the first time a decision by all nations at a climate summit had explicitly mentioned a global move away from fossil fuels, the main driver of climate change.

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