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US trade gap narrowest in five months as imports slip
An uptick in exports and a fall in imports brought the August US trade deficit to its narrowest in five months, according to government data released Tuesday. The goods deficit with China -- a point of contention during the trade war between the United States and China -- slid by $2.6 billion to $24.7 billion in August, according to Commerce Department data.
China says to take anti-dumping measures against EU brandy imports
China said on Tuesday it would impose anti-dumping measures on brandy imported from the European Union, marking the latest salvo in an escalating trade row between Beijing and Brussels.
'Appeals Centre' to referee EU social media disputes
An independent appeals panel was unveiled Tuesday to decide disputes between social media firms and their users in the European Union over content posted on their platforms. "The body will initially decide cases relating to Facebook, TikTok and YouTube, aiming to include more social media platforms over time," the board said in a statement.
Top economic official 'confident' China will hit 2024 growth target
China's top economic planner said Tuesday that authorities were "fully confident" the country would hit its economic growth targets for the year, after last month announcing a series of stimulus measures that sent stock markets soaring. "We are fully confident in achieving the goals of economic and societal development for the year," the top economic planner said.
COP29 fight looms over climate funds for developing world
The developing world needs trillions of dollars in climate aid, but who should pay for it? China, like some other developing countries, actually pays climate finance, it just does so on its own terms.
Shanghai stocks soar to extend stimulus rally amid Asia-wide drop
Mainland Chinese stocks roared ahead Tuesday as traders returned from a week-long break to resume a blistering rally fuelled by a raft of measures aimed at reigniting the world's number two economy. Investors have been racing back into mainland and Hong Kong stocks since authorities last month began announcing a raft of stimulus measures to reverse a long period of tepid economic growth.
Will Tesla's robotaxi reveal live up to hype?
After years of talking up Tesla's prowess on autonomous driving, Elon Musk is set to host Thursday a much-hyped robotaxi event amid a mix of anticipation and skepticism. "We believe widescale Tesla robotaxi deployment is unlikely within the coming years," said a note from UBS last month.
Musk says he is 'all in' on Trump in US election
Elon Musk is ramping up his public support of Donald Trump, telling Tucker Carlson in a conversation streamed Monday that he is "all in" on the Republican presidential candidate. "If he loses, it's going to be hard for you to pretend you never supported him," said Carlson.
US judge orders Google to open Android to rival app stores
A US judge on Monday ordered Google to open its Android smartphone operating system to rival app stores, in a fresh legal setback for the tech giant. Phones running on the Android operating system have about a 70 percent share of the world's smartphone market.
AFP
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