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Mercosur meets in Brazil, EU eyes January 12 trade deal
Mercosur meets in Brazil, EU eyes January 12 trade deal
Business and Economy
by  AFP

Representatives of the South American Mercosur bloc met in Brazil Friday, as EU diplomatic sources said a long-delayed trade deal may now be signed on January 12. Several diplomats in Brussels told AFP the EU was working towards a signature on January 12 in Paraguay, which is set to take over leadership of Mercosur from Brazil in 2026.

US Fed official says no urgency to cut rates, flags distorted data
US Fed official says no urgency to cut rates, flags distorted data
Business and Economy
by  AFP

A key US Federal Reserve official said Friday that he sees no need to rush to cut interest rates further, adding that challenges with data collection likely distorted recent inflation numbers. Asked how the inflation data influences his view on the path of interest rates, he said that monetary policy is well-positioned for officials to gather more information.

French court rejects Shein suspension
French court rejects Shein suspension
Business and Economy
by  AFP

A French court on Friday rejected the state's request to suspend Shein's site in France as "disproportionate" after the Asian e-commerce giant removed illicit products sold on its platform. The state's request that Shein "at a minimum" maintain the suspension of its marketplace, which hosts products sold by third-party vendors, was not granted.