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Asian markets struggle as focus turns to US inflation
Asian markets struggle as focus turns to US inflation
Business and Economy
by  AFP

Asian markets struggled Tuesday to track another record day on Wall Street, with traders now awaiting the release of US inflation data that could dictate Federal Reserve policy in coming weeks. The tepid performance came after a hot couple of weeks on trading floors fuelled by optimism over an easing of US monetary policy.

Maverick Georgian designer Demna debuts for Gucci in Milan
Maverick Georgian designer Demna debuts for Gucci in Milan
Business and Economy
by  AFP

Maverick Georgian designer Demna makes his debut for Gucci at Milan Fashion Week on Tuesday with a film of a family of Italian characters bursting with attitude, as the house pledged a "new era" its history. The Italian fashion house, famous for its handbags, has struggled since the Covid pandemic against a slowing Chinese appetite for luxury goods that has hit the sector hard worldwide.

Singapore firm rejects $1bn Sri Lankan pollution damages
Singapore firm rejects $1bn Sri Lankan pollution damages
Business and Economy
by  AFP

A Singapore shipping company told AFP on Tuesday it will refuse to pay Sri Lankan court-ordered damages of US$1 billion for causing that country's worst case of environmental pollution. Sri Lanka's Supreme Court in July ordered the company to pay Colombo an "initial" US$1 billion in damages within a year, with the first tranche of US$250 million to be paid by Tuesday.

China may strengthen climate role amid US fossil fuel push
China may strengthen climate role amid US fossil fuel push
Business and Economy
by  AFP

All eyes are on China this week, as the world's biggest polluter readies a new emissions-cutting plan -- reinforcing its role as a steadfast defender of global climate diplomacy while Europe stalls and the United States doubles down on fossil fuels. And the United States under President Donald Trump has recast itself as a zealous promoter of fossil fuels.