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US Fed poised to hold off on rate cuts, defying Trump pressure
US Fed poised to hold off on rate cuts, defying Trump pressure
Economy
by  AFP

The US central bank is widely expected to hold off slashing interest rates again at its upcoming meeting, as officials gather under the cloud of an intensifying pressure campaign by President Donald Trump. When mulling changes to interest rates, the central bank -- which meets on Tuesday and Wednesday -- seeks a balance between reining in inflation and the health of the jobs market.

New Zealand farmers battle pine forests to 'save our sheep'
New Zealand farmers battle pine forests to 'save our sheep'
Economy
by  AFP

New Zealand sheep farmers are fighting to stop the loss of pasture to fast-spreading pine plantations, which earn government subsidies to soak up carbon emissions. New Zealand is one of the rare countries to allow 100 percent of carbon emissions to be offset by forestry.