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Asian markets rise on US rate cut hopes
Asian markets rise on US rate cut hopes
by  AFP

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
India's Modi dangles tax cuts as US tariffs loom
by  AFP

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
Rebrand of US culture 'fixture' Cracker Barrel sparks backlash
by  AFP

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
Trump, Intel announce deal giving US a 10% stake in chipmaker
by  AFP

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."

German, French post offices restrict packages to US over tariffs
German, French post offices restrict packages to US over tariffs
by  AFP

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.

TikTok's UK content moderation jobs at risk in AI shift
TikTok's UK content moderation jobs at risk in AI shift
by  AFP

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.