AFP
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Asian markets track Wall St record after Fed cut
Asian equities rose Friday as investors tracked a record day on Wall Street in the wake of the Federal Reserve's latest interest rate cut. Still, investors in New York continued to look at the positives, pencilling in more cuts next year and pushing the S&P 500 and Dow to fresh records.
Windswept Kazakh rail hub at the heart of China-Europe trade
Operating a huge cargo lifter, Zhandos Nurmagambetov was stacking containers onto a train before it headed across the steppe of Kazakhstan on a new railway route vital for China-Europe trade. Though Kazakhstan and China share a 1,800-kilometre border, the first container trains to Europe only launched in 2013, said railway official Utegulov.
Kushner returns to team Trump, as ethical questions swirl
His only official job title at the White House is son-in-law. As Trump sought a Gaza ceasefire in his second term, he turned again to his son-in-law.
Crypto mogul Do Kwon sentenced to 15 years for fraud
A US court sentenced cryptocurrency tycoon Do Kwon to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets. Kwon successfully marketed them as the next big thing in crypto, attracting billions in investments and global hype.
Crypto mogul Do Kwon sentenced to 15 years for fraud: US media
South Korean cryptocurrency tycoon Do Kwon was sentenced to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets, US media reported. Kwon successfully marketed them as the next big thing in crypto, attracting billions in investments and global hype.
US Treasury chief seeks looser regulation at financial stability panel
US Treasury Secretary Scott Bessent signaled key changes Thursday to a high-level panel on financial stability, putting more emphasis on economic growth and reduced regulation. Chaired by the Treasury secretary, it comprises representatives of top financial regulators including the Federal Reserve, the Securities and Exchange Commission, and the Federal Deposit Insurance Corporation.
Make your own AI Mickey Mouse - Disney embraces new tech
Walt Disney and OpenAI announced a three-year licensing deal Thursday that will allow users to create short videos featuring beloved Disney characters through artificial intelligence. Disney shares rose as much as two percent on Thursday after the announcement.
Mexico approves measure raising tariffs on Chinese imports
President Claudia Sheinbaum defended a tariff increase on goods from China and other countries with which Mexico has no trade agreements, saying the measure was intended to strengthen the national economy. "The reason for these legal adjustments is to strengthen the national economy," she said.
Steam - and uncertainty - rise from Serbia's shuttered refinery
Steam still rises from the chimneys of Serbia's only oil refinery as it slowly grinds to a halt under US sanctions, fuelling fears of job losses and uncertainty. Vladimir Mutavdzic, 33, from Pancevo, also feared job loss -- and the impact not just locally, but across Serbia.
AFP
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