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New eurozone rate cut expected as Trump trade war weighs
New eurozone rate cut expected as Trump trade war weighs
Economy
by  AFP

US President Donald Trump's tariff blitz, persistent growth worries and slowing inflation are expected to prompt eurozone rate-setters to lower borrowing costs again on Thursday. The ECB is expected to cut its inflation predictions when it releases its own new economic forecasts Thursday, with most observers now believing that Trump's tariffs will add to downward pressure.

Gamers get hold of Nintendo's hotly awaited Switch 2
Gamers get hold of Nintendo's hotly awaited Switch 2
Economy
by  AFP

Gamers on Thursday finally got their hands on Nintendo's new Switch 2 console, which could score record early sales for the Japanese "Super Mario" creator. Serkan Toto from Tokyo consultancy Kantan Games said he "would not be surprised to see Switch 2 breaking sales records in the next weeks and months".

China lead mine plan weighs heavily on Myanmar tribe
China lead mine plan weighs heavily on Myanmar tribe
Economy
by  AFP

Hundreds of protesting Myanmar tribespeople march up a hillside to a cavernous facility where a Chinese joint venture's giant milling machines stand ready to grind up the rocks of their ancestral homeland for lead ore. They say Myanmar firm Four Star Company and a Chinese partner have planned a mega-project mining lead upriver from their village, Thi Kyeik, in Pekon township.

Most Asian markets rise as US data feeds rate-cut hopes
Most Asian markets rise as US data feeds rate-cut hopes
Economy
by  AFP

Asian shares mostly rose Thursday after soft US economic data boosted expectations the Federal Reserve will soon cut interest rates and put the focus on key jobs figures coming at the end of the week. However, the readings ramped up bets on a Fed cut, with markets pricing in two by the end of the year, with the first in September.