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China's solar goes from supremacy to oversupply
China's solar goes from supremacy to oversupply
Economy
by  AFP

Strong state support and huge private investment have made China's solar industry a global powerhouse, but it faces new headwinds, from punitive tariffs abroad to a brutal price war at home. The sector's supersonic expansion has overleveraged the domestic industry, overloaded China's grid and sparked a brutal price war, experts say.

Asian markets track Wall St record as Hong Kong, Shanghai stabilise
Asian markets track Wall St record as Hong Kong, Shanghai stabilise
Economy
by  AFP

Asian markets tracked a record day on Wall Street Thursday, with Shanghai and Hong Kong supported by a Chinese central bank move to boost liquidity for major stock-buyers. The gains led a rally across Asia, which came after the Dow and S&P 500 chalked up fresh records on Wall Street thanks to a burst in tech giants including Amazon and Apple.

'A casino in every kitchen': Brazil's online gambling craze
'A casino in every kitchen': Brazil's online gambling craze
Economy
by  AFP

Fernanda, a cleaner from Rio de Janeiro, lists off the items she sold to feed her online gambling addiction, one of millions of Brazilians caught in a betting craze that has swept the nation. The Brazilian government recently published a list of around 200 betting sites that have been licensed to operate after agreeing to the new regulations.