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New eurozone rate cut expected as Trump trade war weighs
US President Donald Trump's tariff blitz, persistent growth worries and slowing inflation are expected to prompt eurozone rate-setters to lower borrowing costs again on Thursday. The ECB is expected to cut its inflation predictions when it releases its own new economic forecasts Thursday, with most observers now believing that Trump's tariffs will add to downward pressure.
Gamers get hold of Nintendo's hotly awaited Switch 2
Gamers on Thursday finally got their hands on Nintendo's new Switch 2 console, which could score record early sales for the Japanese "Super Mario" creator. Serkan Toto from Tokyo consultancy Kantan Games said he "would not be surprised to see Switch 2 breaking sales records in the next weeks and months".
China lead mine plan weighs heavily on Myanmar tribe
Hundreds of protesting Myanmar tribespeople march up a hillside to a cavernous facility where a Chinese joint venture's giant milling machines stand ready to grind up the rocks of their ancestral homeland for lead ore. They say Myanmar firm Four Star Company and a Chinese partner have planned a mega-project mining lead upriver from their village, Thi Kyeik, in Pekon township.
Most Asian markets rise as US data feeds rate-cut hopes
Asian shares mostly rose Thursday after soft US economic data boosted expectations the Federal Reserve will soon cut interest rates and put the focus on key jobs figures coming at the end of the week. However, the readings ramped up bets on a Fed cut, with markets pricing in two by the end of the year, with the first in September.
Reddit sues AI giant Anthropic over content use
Social media outlet Reddit filed a lawsuit Wednesday against artificial intelligence company Anthropic, accusing the startup of illegally scraping millions of user comments to train its Claude chatbot without permission or compensation.
Nintendo fans stoked for Switch 2 'mega launch'
With shops planning midnight launch parties after a run on pre-orders, Nintendo releases the Switch 2 on Thursday, hoping to score record early sales for a games console. "For us, this will be a record in terms of first-day sales for a games console," said Charlotte Massicault, director of multimedia and gaming at France's Fnac Darty.
Germany unveils tax breaks to boost stagnant economy
Germany's government on Wednesday put forward a sweeping package of corporate tax breaks aimed at boosting investment and pulling Europe's largest economy out of the doldrums. Under the plans, Germany's corporate tax rate would fall by one percent a year from 2028 to reach 10 percent, down from 15 percent.
Czechs sign nuclear deal with S.Korea firm KHNP: PM
A Czech state-run company signed Wednesday a deal with South Korea's KHNP to build two nuclear reactors in the EU country after a court dismissed a bid by France's EDF to block the deal. KHNP is due to build the two units at the southern Czech nuclear plant of Dukovany run by the state-run CEZ group.
US private sector hiring sharply slows, drawing Trump ire
US private sector hiring hit its slowest pace since 2023 in May, according to data Wednesday from payroll firm ADP, significantly missing expectations in a month where all eyes are on the effects of President Donald Trump's trade war. Private sector employment rose by 37,000 jobs last month, slowing from the 60,000 figure in April.
AFP
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