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Most Asian markets rise as traders await key US data
Most Asian markets rise as traders await key US data
Economy
by  AFP

Markets mostly rose Wednesday, following a resumption of Wall Street's rally, but gains were muted as investors await the last tranche of US data before next week's Federal Reserve meeting. IG market analyst Fabien Yip wrote: "Friday's core PCE index represents the final major inflation gauge before the Fed's December policy meeting.

Italy's luxury brands shaken by sweatshop probes
Italy's luxury brands shaken by sweatshop probes
Economy
by  AFP

A series of investigations into exploitative work conditions within fashion subcontractors has roiled Italy's luxury industry, with the government decrying attacks on "Made in Italy". Italy's government has gone on the offensive, with Industry Minister Adolfo Urso saying the reputation of Italian brands was "under attack".

What are 'rare earths' for?
What are 'rare earths' for?
Economy
by  AFP

Crucial for making smartphones, fighter jets and electric cars, "rare earth" metals have become a strategic bargaining chip since main producer China this year introduced restrictions on their exports. - Fighter jets, golf clubs - Aviation is a major consumer of rare earths, especially for military plane manufacturing.

San Francisco sues producers over ultra-processed food
San Francisco sues producers over ultra-processed food
Economy
by  AFP

San Francisco is suing makers of the ultra-processed food that health experts say has led millions of Americans into obesity during decades of over-consumption, the city said Tuesday. "These companies created a public health crisis with the engineering and marketing of ultra-processed foods," San Francisco City Attorney David Chiu said.