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Markets take fresh hit on rate hike worries
Markets take fresh hit on rate hike worries
Business and Economy
by  AFP

Asian equities fell again Monday on growing expectations that US interest rates will go much higher and for longer than previously thought. Fears that rates will go even higher -- with some even predicting six percent from the current 4.50-4.75 percent -- are fanning concerns the Fed will tip the economy into recession.

Latvian winner causes a stir at world sommelier championships
Latvian winner causes a stir at world sommelier championships
Business and Economy
by  AFP

A competitor from non-wine producing Latvia has caused a stir at this year's Best Sommelier in the World contest, trouncing the entrant from France and claiming the top prize with his dizzying "thirst for knowledge". The new countries that discover wine have such a thirst to learn and share -- they have this incredible enthusiasm and they go very fast," she told AFP after the semi-final.

On climate, most corporations more talk than action
On climate, most corporations more talk than action
Business and Economy
by  AFP

The world's biggest and richest companies are failing to deliver on their climate pledges, according to an in-depth analysis released Monday that calls on governments to crack down on corporate greenwashing. "The overwhelming majority of these corporations are simply not delivering the goods they promised," the 2023 Corporate Climate Responsibility Monitor concluded.