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Trump claims China's Xi called him on tariffs
Trump claims China's Xi called him on tariffs
by  AFP

US President Donald Trump has insisted Chinese leader Xi Jinping called him despite Beijing denials of any contact between the two countries over their bitter trade dispute. "He's called," Trump said.

TikTok exploits trade war to shift fake luxury goods
TikTok exploits trade war to shift fake luxury goods
by  AFP

TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. The accusation that luxury goods officially manufactured in Europe were in reality being secretly made in China "does not make any sense", concurred Michel Phan, professor of luxury marketing at emlyon business school in France.

Russia holds key rate at two-decade high despite slowdown fears
Russia holds key rate at two-decade high despite slowdown fears
by  AFP

Russia's central bank kept borrowing costs at a two-decade high of 21 percent on Friday to combat rampant inflation, despite banks and businesses warning the economy was headed for a slowdown. In a statement announcing the rate decision, Russia's central bank acknowledged lending activity was "subdued" but that inflation, running above 10 percent, was still too high.

Bayer says legal woes could force it to pull weedkiller
Bayer says legal woes could force it to pull weedkiller
by  AFP

German chemicals giant Bayer said Friday it could be forced to pull its Roundup weedkiller from the market if it is not able to limit simmering legal troubles. Bayer has asked investors to approve a capital increase through the issuance of new stock to cover potential legal costs related to Roundup.

China's top leaders pledge economic support as trade war rages
China's top leaders pledge economic support as trade war rages
by  AFP

China's top leaders pledged on Friday to step up support for the economy and oppose "unilateral bullying" in global trade in a veiled rebuke of hefty tariffs imposed by US President Donald Trump. They also said they would seek to "work with the international community to actively uphold multilateralism and oppose unilateral bullying practices", it said.

Arms maker Saab posts record sales as Europe rearms
Arms maker Saab posts record sales as Europe rearms
by  AFP

Swedish defence group Saab on Friday reported soaring quarterly earnings and record sales as European countries beef up their defence capacities amid geopolitical tensions and uncertainties.