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Stocks, dollar drop as tariff talk dominates
Stocks, dollar drop as tariff talk dominates
by  AFP

Stock markets mostly fell alongside a retreating dollar Friday as international tensions over tariffs dominated sentiment. European stock markets retreated around midday, also as China said it will impose "anti-dumping" taxes of up to 34.9 percent on cognac and other brandy imported from the European Union starting from Saturday.

China to require EU brandy exporters to raise prices or face tariffs
China to require EU brandy exporters to raise prices or face tariffs
by  AFP

China will require major European brandy exporters to raise prices or risk anti-dumping taxes of up to 34.9 percent from Saturday, the latest salvo in its long-running trade spat with the bloc. Beijing's commerce ministry said on Friday that China's tariff commission had "decided to impose anti-dumping duties on imports of relevant brandy originating in the EU" from Saturday.

Rio to host BRICS summit wary of Trump
Rio to host BRICS summit wary of Trump
by  AFP

A summit of BRICS nations will convene in Rio de Janeiro on Sunday and Monday, with members hoping to weigh in on global crises while tiptoeing around US President Donald Trump's policies. Brazil nevertheless hopes that countries can take a common stand at the summit, including on the most sensitive issues.