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Asian markets rally as Trump comments ease Fed, China trade fears
Asian markets rally as Trump comments ease Fed, China trade fears
Economy
by  AFP

Asian stocks rallied with Wall Street on Wednesday after Donald Trump said he had "no intention" of firing the head of the Federal Reserve and that eye-watering tariffs on China would be slashed drastically. However, Trump looked to temper those fears Tuesday, saying: "I have no intention of firing him."

Trial testimony reveals OpenAI interest in Chrome: reports
Trial testimony reveals OpenAI interest in Chrome: reports
Economy
by  AFP

OpenAI is ready to buy Chrome if Google is forced to sell its popular browser as part of antitrust trial, a top executive testified Tuesday, according to media reports. Turley said during his testimony that OpenAI had approached Google about integrating its search technology into ChatGPT artificial intelligence power digital assistant but was rebuffed, according to media reports.

Auto Shanghai showcases new EV era despite tariff speedbumps
Auto Shanghai showcases new EV era despite tariff speedbumps
Economy
by  AFP

The world's largest auto industry expo opens its doors Wednesday in Shanghai, showcasing the new electric world order even as mounting trade barriers risk dampening China's global ambitions. And although the levies will increase the cost of China's vehicle component exports by about 24 percent, "this represents only about 3.8 percent of China's total auto industry production value", it noted.

Trump says has 'no intention' of firing Fed chief
Trump says has 'no intention' of firing Fed chief
Economy
by  AFP

US President Donald Trump said Tuesday he had no plans to fire the Federal Reserve chief, in apparently conciliatory remarks after berating him and triggering market turmoil. The president does not have direct authority to fire Federal Reserve governors, but Trump could initiate a lengthy process to attempt to unseat Powell by proving there was cause to do so.

Jury finds New York Times did not libel Sarah Palin
Jury finds New York Times did not libel Sarah Palin
Economy
by  AFP

A US jury found Tuesday that The New York Times did not libel former Alaska governor and vice presidential candidate Sarah Palin in a 2017 editorial she claimed damaged her reputation, the paper said. Palin, a former governor of Alaska, was the running mate of Republican presidential candidate John McCain during his 2008 election defeat to Barack Obama.