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Most Asian markets rise on US rate hopes, Tokyo hits record
Asian markets mostly rose Tuesday fuelled by optimism the Federal Reserve will slash interest rates this year, with gains led by a record high in Tokyo while gold also hit a fresh peak. Gold hit a new high above $3,650.
Murdoch family settles dispute on control of media assets
Rupert Murdoch's children have reached a settlement in the legal dispute over control of the right-wing media mogul's companies, News Corp and Fox Corp announced Monday. The agreement establishes LGC Holdco, which will own all shares of News Corp and Fox Corp previously held by the original family trust.
Ex-WhatsApp executive sues Meta over alleged security failures
The former top security executive at WhatsApp filed Monday a US federal lawsuit alleging that parent company Meta systematically violated cybersecurity regulations and retaliated against him for reporting the failures.
Argentine peso, stocks fall after ruling party's election setback
The Argentine peso and share prices dropped sharply Monday after President Javier Milei's libertarian party suffered a drubbing in a key provincial election. The drubbing for Milei's party was far greater than opinions had predicted.
BRICS leaders denounce protectionism, tariff 'blackmail'
Leaders of the 11-member BRICS bloc railed against economic protectionism and "tariff blackmail" during a virtual meeting Monday held amid a damaging trade war with US President Donald Trump. In July, Trump lashed out at the BRICS and threatened its members with additional tariffs after they voiced concern that his trade war was putting the global economy at risk.
VW unveils affordable EVs to take on Chinese rivals
Europe's top car manufacturer Volkswagen on Monday presented a series of more affordable electric vehicles to take on fast-growing Chinese rivals as Germany's troubled auto sector seeks to turn around its fortunes.
At consumer tech show, German firms fret about US tariffs
Displaying one of her company's hot plates proudly labelled "Made in Germany", Sigrid Klenk concedes that maintaining production at home could become harder due in part to US tariffs. "Now we have to specify the amount of steel contained in our products, especially our hot plates," she told AFP. "This has kept us very busy in recent days."
Germany's US exports hit four-year low as tariffs bite
German exports to the United States dropped in July to their lowest level since 2021, data showed Monday, as President Donald Trump's tariffs exact a heavy toll on Europe's biggest economy. Trump's tariffs have dealt a major blow to Germany's export-driven economy, where major manufacturers had already been struggling with high energy costs, fierce competition from Asia and weak demand.
'Trump Whisperer' ex-minister joins Japan PM race
A former top diplomat dubbed the "Trump Whisperer" was the first candidate Monday to join the race to be Japan's next leader, a day after premier Shigeru Ishiba announced his resignation. With strong English, the Harvard-educated politician was dubbed the "Trump whisperer" for his deft handling of tricky US-Japan trade talks.
AFP
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