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Eurozone inflation slows sharply in May
Eurozone inflation slows sharply in May
by  AFP

Inflation in the eurozone eased in May to its lowest level in eight months, back below the European Central Bank's two-percent target, further raising expectations for another interest rate cut this week. The ECB is expected to deliver its seventh-straight interest rate cut Thursday as the United States' volatile trade policies hang over the sluggish eurozone economy.

Trump, Xi will 'likely' talk this week: White House
Trump, Xi will 'likely' talk this week: White House
by  AFP

US President Donald Trump and China's President Xi Jinping will likely hold a long-awaited call later this week, the White House said Monday, as trade tensions between the world's two biggest economies ratchet back up.

Trade war cuts global economic growth outlook: OECD
Trade war cuts global economic growth outlook: OECD
by  AFP

The OECD slashed its annual global growth forecast on Tuesday, warning that US President Donald Trump's tariffs blitz will stifle the world economy -- hitting the United States especially hard. While annual inflation is expected to "moderate" among the Group of 20 economies to 3.6 percent in 2025 and 3.2 percent in 2026, the United States is "an important exception".

Asian markets rise as traders eye possible Trump-Xi talks
Asian markets rise as traders eye possible Trump-Xi talks
by  AFP

Asian stocks rallied Tuesday as investors kept tabs on developments in the China-US trade war amid speculation the countries' leaders will hold talks soon. And Japanese trade point man Ryosei Akazawa is eyeing another trip to Washington for more negotiations amid speculation of a deal as early as this month.

Coral-rich Greek archipelago hopes to gain from trawler ban
Coral-rich Greek archipelago hopes to gain from trawler ban
by  AFP

As a reddish dawn broke over the tiny, coral-rich Greek archipelago of Fournoi, Manolis Mytikas's wooden fishing boat slowly glided home, his nets almost empty. Last month, the Greek government banned bottom trawling in the waters around the archipelago, to protect a recent discovery of exceptionally rich coral reefs.

Lebanon on bumpy road to public transport revival
Lebanon on bumpy road to public transport revival
by  AFP

On Beirut's chaotic, car-choked streets, Lebanese student Fatima Fakih rides a shiny purple bus to university, one of a fleet rolled out by authorities to revive public transport in a country struggling to deliver basic services. In the capital, university student Fakih encouraged everyone to take public buses, "also to protect the environment".

Aiming a blow at narcos, Colombia pays farmers to uproot coca
Aiming a blow at narcos, Colombia pays farmers to uproot coca
by  AFP

With cocaine production at an all-time high, Colombia's government is testing a pacific approach to its narcotics problem: paying farmers to uproot crops of coca, the drug's main ingredient. With high stakes for its crop replacement gamble, observers fear the government may be taken advantage of.