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Under Trump pressure, US Fed chief to walk tightrope in speech
Under Trump pressure, US Fed chief to walk tightrope in speech
by  AFP

US Federal Reserve chief Jerome Powell is expected to walk a fine line while delivering a closely watched speech at a central banking conference on Friday, as he faces down attacks from President Donald Trump alongside mixed economic data. Powell is due to deliver his final Jackson Hole speech as Fed chair at 10:00 am Eastern Time (1400 GMT) on Friday.

Nvidia chief says H20 chip shipments to China not a security concern
Nvidia chief says H20 chip shipments to China not a security concern
by  AFP

Shipping Nvidia's H20 chips to China was "great" for Beijing and Washington and not a security threat, the tech giant's chief said Friday. The California-based company produces some of the world's most advanced semiconductors but cannot ship its most cutting-edge chips to China due to concerns from Washington that Beijing could use them to enhance military capabilities.

Rice prices up 91 pct year-on-year in Japan
Rice prices up 91 pct year-on-year in Japan
by  AFP

Rice prices in Japan soared 90.7 percent in July year-on-year, official data showed Friday, but the rate of increase slowed from previous months offering some relief for Prime Minister Shigeru Ishiba. But other data released Wednesday showed exports to the United States plunging 10.1 percent in July, with cars down 28.4 percent.

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