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Markets stall, inflation and bitcoin rise amid Trump fears
Markets stall, inflation and bitcoin rise amid Trump fears
by  AFP

Global equities stalled Wednesday while bitcoin hit a fresh high as traders fret over the impact of Donald Trump's presidency on the Chinese and global economies amid fears his policies may reignite US inflation, which rose on latest data.

US consumer inflation rises in October on higher housing costs
US consumer inflation rises in October on higher housing costs
by  AFP

US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data published Wednesday, complicating the US Federal Reserve's plans to cut interest rates. The October increase puts a slight spanner in the works of the Federal Reserve, which recently began lowering interest rates in response to easing inflation.

Elon Musk: rocket man takes aim at Washington
Elon Musk: rocket man takes aim at Washington
by  AFP

Billionaire Elon Musk took a wild gamble backing Donald Trump's White House candidacy, but the bet has paid off -- at least for now -- with the US president-elect handing him an outsized role to overhaul the government. Years later, Musk has become Trump's most prominent celebrity endorser, leaning fully in to get him and his "Make America Great Again" agenda back in the White House.

Australian airlines cancel Bali flights after volcano erupts
Australian airlines cancel Bali flights after volcano erupts
by  AFP

Several Australian airlines on Wednesday cancelled their flights to and from the Indonesian resort island of Bali, after a nearby volcano catapulted an ash tower miles into the sky. Australian tourists make up one of the biggest groups of tourists that visit the resort island every year.

China's Xi heads to Peru for APEC meeting shrouded in Trump fears
China's Xi heads to Peru for APEC meeting shrouded in Trump fears
by  AFP

Chinese leader Xi Jinping headed to Peru on Wednesday, bound for a meeting of Asia-Pacific Economic Cooperation (APEC) organisation leaders overshadowed by fears of renewed global trade tensions under Donald Trump. Xi will join leaders from the United States and other Asia-Pacific nations in the Peruvian capital Lima for the APEC gathering, after which he will go to Brazil for a G20 summit.