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Markets mostly rise as traders try to look past expected rate hikes
Markets mostly rise as traders try to look past expected rate hikes
Business and Economy
by  AFP

Most stock markets rose Friday, reversing early losses and a sell-off on Wall Street, as traders contemplate further interest rate hikes by central banks struggling to tame inflation. In a sign that the spectre of inflation will linger for some time, central banks in Sweden, Norway and Switzerland all warned they would likely have to hike again at some point owing to sticky inflation.

Military exemption for South Korean gamers reignites debate
Military exemption for South Korean gamers reignites debate
Business and Economy
by  AFP

K-pop powerhouse BTS didn't get one, star footballer Son Heung-min did: South Korea grants limited exemptions from military service and for the first time eSports players can earn one. South Korean skipper and Spurs striker Son avoided full military service after the national football team won gold at the 2018 Asian Games.

Japan sticks to ultra-loose monetary policy
Japan sticks to ultra-loose monetary policy
Business and Economy
by  AFP

The Bank of Japan stuck to its ultra-loose monetary policy Friday, though officials face increasing pressure to turn more hawkish as the yen weakens and after fresh data showed inflation remained stubbornly high. The former economics professor said in a recent media interview that the central bank may have enough data by the year's end to decide whether to end the ultra-loose programme.

EU seeks to put brakes on China without hurting ties
EU seeks to put brakes on China without hurting ties
Business and Economy
by  AFP

When the EU launched an investigation into Chinese electric car subsidies, Brussels wanted the world to know that it will protect the automotive sector that is the jewel in Europe's industrial crown, even if it upsets Beijing. According to Bruegel, the commission has launched 342 subsidy investigations since 2008 against imports from China, of which 101 led to no countervailing duties.