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Asian stocks rise as US rate hopes soothe nerves after torrid week
Asian stocks rise as US rate hopes soothe nerves after torrid week
by  AFP

Asian markets mostly rose Monday as fresh hopes for a US interest rate cut provided some calm after last week's rollercoaster ride fuelled by worries of a tech bubble. That has been compounded in recent weeks by falling expectations the Federal Reserve will cut rates for a third successive time next month as stubbornly high inflation overshadows weakness in the labour market.

EU, Africa leaders to talk trade and minerals, as Ukraine looms large
EU, Africa leaders to talk trade and minerals, as Ukraine looms large
by  AFP

European and African leaders gather in Angola Monday for a summit aimed at deepening economic and security ties that will serve as a backdrop to emergency talks on Ukraine. After top US and Ukrainian representatives met in Geneva on Sunday for talks on a new version of the proposal, EU leaders were to hold a "special meeting" on the sidelines of the Luanda gathering on Monday.

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