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Asian markets rally as Fed cut hopes trump trade war fears
Asian markets rally as Fed cut hopes trump trade war fears
Economy
by  AFP

Stocks jumped Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank would cut interest rates again this month. And while price gains continue to outpace the bank's target pace, a series of weak readings has forced him to turn his focus on jobs, and last month announced the first rate cut since December.

US Republicans seek to shield oil giants as climate lawsuits advance
US Republicans seek to shield oil giants as climate lawsuits advance
Economy
by  AFP

President Donald Trump's second term has seen the United States go all-in to boost Big Oil and block renewables -- yet a wave of state and local climate-damage lawsuits against the fossil fuel industry continues to advance. Results in the cases have so far have been mixed: oil firms have won dismissals in some states, while others have allowed cases to advance.