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China Evergrande Group delisted from Hong Kong stock exchange
Shares in heavily indebted China Evergrande Group were taken off the Hong Kong Stock Exchange on Monday, capping a grim reversal of fortune for the once-booming property developer. The statement added that China Evergrande Group was a holding company and that liquidators had assumed control of more than 100 companies within the group.
Asian markets rise on US rate cut hopes
Asian markets kicked off the week with a rally Monday morning, tracking gains made by Wall Street on Friday after the US central bank chief suggested coming interest rate cuts. During the first trading sessions in major Asian markets following the comments, stocks made notable gains.
India's Modi dangles tax cuts as US tariffs loom
Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say. But experts say Modi's tax reform could help shore up demand by reducing tax collections by between $13 billion and $17 billion.
Rebrand of US culture 'fixture' Cracker Barrel sparks backlash
Cracker Barrel has a special place in the hearts of many Americans, offering homestyle American cuisine in a folksy "Old Country Store" setting complete with rocking chairs and occasional country music performances. Life is change," said the retired social worker, 67, as she and her husband sat on the chain's signature rocking chairs.
Trump, Intel announce deal giving US a 10% stake in chipmaker
Chipmaker Intel has agreed to give the US government a 10-percent stake in its business, the company and President Donald Trump announced Friday. Referring to a meeting with Intel last week, Trump told reporters Friday: "I said, I think you should pay us 10 percent of your company."
Canada removing tariffs on US goods compliant with free trade deal
Canada will remove all tariffs on US goods that are compliant with the existing North American free trade agreement, Prime Minister Mark Carney said Friday, matching exemptions affirmed earlier this month by Washington.
German, French post offices restrict packages to US over tariffs
The postal services of Germany and France on Friday announced a raft of restrictions on package deliveries to the United States due to tariffs imposed by President Donald Trump. In April, DHL said it was suspending delivery of packages to the United States with a value in excess of $800.
Embattled Bordeaux winemakers see Trump's tariffs as latest blow
The sun is shining, the grapes are ripe and a good harvest is expected but a heavy cloud is looming over Laurent Dubois's vineyard in southwestern France. "There will be a price adjustment but there is no expected market shutdown.
TikTok's UK content moderation jobs at risk in AI shift
Social media platform TikTok announced on Friday it will restructure its UK trust and safety operations, putting several hundred jobs at risk as it shifts to AI-assisted content moderation. TikTok in June announced plans to increase investment in the UK, its biggest community in Europe, with the creation of 500 more jobs.
AFP
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