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Sweden drowns in discarded fast fashion items
Sweden drowns in discarded fast fashion items
Economy
by  AFP

Sweden's recycling centres are overflowing with clothes after an EU-wide ban this year on throwing away textiles, leaving overwhelmed municipalities eager to have fast fashion giants take responsibility.

Stocks, dollar sink and gold hits record as Trump tariff panic returns
Stocks, dollar sink and gold hits record as Trump tariff panic returns
Economy
by  AFP

Stocks and the dollar tumbled while gold hit a fresh record high as panic gripped markets again Friday after Donald Trump admitted that his global tariff blitz could see "a transition cost". The weaker dollar and the rush for safety has also sent gold to a fresh record high above $3,200, while fears of a possible global recession have battered oil prices, which extended losses Friday.

Trump admits trade war 'cost' as markets hit
Trump admits trade war 'cost' as markets hit
Economy
by  AFP

Jitters about US tariffs hammered Asian stocks again early Friday as President Donald Trump acknowledged a "cost" to his surging trade offensive against superpower rival China. Trump acknowledged "a transition cost and transition problems," but dismissed global market turmoil.