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| May 22, 2025 |
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Stocks track Wall St sell-off as US deficit fears grow Hong Kong (AFP) May 22, 2025  Equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could balloon the already huge deficit. ... more |
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Iraq's first filmmaker in Cannes says sanctions no piece of cake Cannes, France (AFP) May 18, 2025  Hasan Hadi, the first filmmaker from Iraq to be selected for the prestigious Cannes Festival, said that economic embargoes like those imposed in his childhood under Saddam Hussein do not work. ... more |
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Oil prices jump on report of Israel prepping Iran strike Hong Kong (AFP) May 21, 2025  Crude prices rallied Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears. ... more |
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Main points of the agreement between the EU and the UK London (AFP) May 19, 2025  British Prime Minister Keir Starmer Monday signed an agreement in London with the heads of the European Union marking a new chapter in UK-EU relations since Brexit on 31 January 2020. ... more |
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Equities rebound to track Wall St up as China cuts rates Hong Kong (AFP) May 20, 2025 Most markets rose Tuesday as risk appetite returned following the previous day's US rating-fuelled losses, with sentiment also boosted after China cut interest rates to historic lows. ... more |
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Post-Brexit UK willing to 'align' with EU in some areas: minister London (AFP) May 18, 2025 A UK minister said on Sunday that the government could be willing to align with EU rules in some areas as opposition parties accused Prime Minister Keir Starmer of "surrender", ahead of landmark talks. ... more |
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Asian markets drop after US loses last triple-A credit rating Hong Kong (AFP) May 19, 2025  Asian stocks fell with the dollar Monday after Moody's removed the United States' last gold standard sovereign bond rating, citing the growing debt pile that it warned could balloon further. ... more |
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China slaps anti-dumping duties on plastic imports from US, EU, Japan Beijing (AFP) May 19, 2025  China slapped duties of up to 75 percent on imports of plastics from the United States, European Union, Taiwan and Japan on Monday, following an investigation into alleged dumping, Beijing's commerce ministry said. ... more |
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Asian markets stagger into weekend as trade rally runs out of legs Hong Kong (AFP) May 16, 2025  Markets limped into the weekend as investors consolidated gains fed by the China-US trade war hiatus, having enjoyed one of their best weeks since Donald Trump unloaded his "Liberation Day" tariff bazooka last month. ... more |
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Trump caps Gulf tour in Abu Dhabi with dizzying investment pledges Abu Dhabi (AFP) May 16, 2025  US President Donald Trump on Friday capped off a Gulf tour in Abu Dhabi that has seen the securing of multi-billion-dollar deals, a $1.4 trillion investment pledge from the UAE, as well as historic overtures to Syria and renewed optimism over an Iran nuclear deal. ... more |