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China 'firmly rejects' US claim that it violated tariff deal
China 'firmly rejects' US claim that it violated tariff deal
by  AFP

China said Monday it "firmly rejects" US claims that it had violated a sweeping tariffs deal, as tensions between the two economic superpowers showed signs of ratcheting back up. "China firmly rejects these unreasonable accusations," its commerce ministry said in a statement.

US, China trade row could ease after Trump-Xi talks: Treasury chief
US, China trade row could ease after Trump-Xi talks: Treasury chief
by  AFP

US Treasury Secretary Scott Bessent said Sunday that President Donald Trump could speak with China's Xi Jinping "very soon," and that such a call could help break the logjam in the trade talks between the world's two biggest economies. On when a Trump-Xi call could take place, Bessent said: "I believe we will see something very soon."

In changing times, young Germans gun for defence sector jobs
In changing times, young Germans gun for defence sector jobs
by  AFP

In a country with strong pacifist traditions due to its dark World War II history, German student Mika Scheid had never considered working in the arms industry -- until Russia invaded Ukraine. Still, beyond the traditional reluctance of young Germans to work in the defence sector due to the country's past, there are other challenges in recruiting for the industry.

Oil under $65 a boon for consumers, but a burden on producers
Oil under $65 a boon for consumers, but a burden on producers
by  AFP

US President Donald Trump's tariffs, his call to "drill baby drill" and especially a decision by OPEC+ to hike crude output quotas have oil prices trading at lows not seen since the Covid pandemic. Analysts say the hikes have likely been aimed at punishing OPEC members that have failed to meet their quotas, but it also follows pressure from Trump to lower prices.