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Poor hiring data points to US economic weakness
Poor hiring data points to US economic weakness
Economy
by  AFP

US private-sector hiring data released Wednesday painted a downcast picture of the job market in the world's biggest economy, especially among small businesses. Other US data released Wednesday contained conflicting signs on the economy.

Trump to scrap Biden's fuel-economy standards
Trump to scrap Biden's fuel-economy standards
Economy
by  AFP

President Donald Trump's administration is set to revoke tougher fuel-economy standards put in place by his predecessor Joe Biden, in a move it says will lower car prices, an official said Wednesday. "As America's largest auto producer, we appreciate President Trump's leadership in aligning fuel economy standards with market realities," Ford CEO Jim Farley said in a statement.