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Asian equities rally after China-US framework on trade
Asian stocks rose Wednesday as investors welcomed a China-US agreement to lower trade tensions that stoked hopes the economic superpowers will eventually reach a broader tariff deal. The deal, which was reached late Tuesday, boosted Asian markets with Hong Kong and Shanghai among the best performers, while Tokyo, Sydney, Seoul, Wellington, Taipei and Manila were also up.
Nintendo says sold record 3.5m Switch 2 consoles in first four days
Nintendo said Wednesday it had sold a record 3.5 million Switch 2 units worldwide in the first four days after the console was launched. Since its 2017 launch, the original Switch -- which enjoyed a popularity boost during the pandemic with hit games such as "Animal Crossing" -- has sold 152 million units.
'Applied AI' set to dominate France's Vivatech trade fair
Drawing high-powered tech CEOs and a presidential visit, Paris's Vivatech trade fair opening on Wednesday will spotlight hoped-for economic benefits from AI. The top attraction on the opening day of this year's four-day show will be Nvidia chief executive Jensen Huang, looking to make a mark in Europe for the company that builds the most computing hardware for artificial intelligence.
World Bank cuts growth forecast on trade tumult
The World Bank slashed its 2025 global growth forecast Tuesday, citing trade tensions and resulting policy uncertainty, as US President Donald Trump's wide-ranging tariffs strained ties and weighed on economic outlooks.
French Senate to vote on regulating fast fashion
The French Senate is due to vote Tuesday on a bill to regulate the fast fashion industry, by sanctioning companies and banning advertisements. - Advertisement ban - The bill would impose sanctions on influencers who promote such products and ban fast fashion advertisements.
Uber to launch driverless taxis in London next year
Ride-hailing firm Uber will launch self-driving taxis in London next year when England trials new driverless services, the firm and the UK government said on Tuesday. The government announcement will see companies including Uber allowed to trial commercial driverless services without a human presence for the first time in the UK. They will include taxis and "bus-like" services.
UK pumps £14 bn into nuclear plant on path to net zero
The UK government Tuesday said it will invest billions of pounds in the new Sizewell C nuclear power plant as it strives to meet net zero and energy security targets. The £14.2-billion ($19-billion) investment will end "years of delay and uncertainty", the UK Treasury said in a statement, adding it would unlock a "golden age" of nuclear power to "boost the UK's energy security".
Hopes rise as US and China hold second day of trade talks
The United States and China began a second day of trade talks on Tuesday, seeking to shore up a shaky tariff truce in a bitter row deepened by export curbs. China is also in talks with other trading partners -- including Japan and South Korea -- to try to build a united front to counter Trump's tariffs.
Eurostar to launch routes to Germany and Switzerland
Eurostar said Tuesday it would launch new direct train routes from London to Frankfurt and Geneva, as potential competitors threaten to break its three-decade monopoly on cross-channel rail travel. The announcements come as Eurostar's three-decade monopoly in the Channel Tunnel looks likely to end.
AFP
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