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Asian markets rally with Wall St after US inflation eases further
Asian markets rally with Wall St after US inflation eases further
Economy
by  AFP

A surge in tech firms Thursday helped Asian markets track a Wall Street rally after data showed US inflation at a more than three-year low, reinforcing expectations the Federal Reserve will cut interest rates next week. The spike in Japan's Nikkei was helped by a drop in the yen sparked by expectations US rates will only likely be cut by the smaller amount.

Boeing faces potential strike as Seattle workers vote
Boeing faces potential strike as Seattle workers vote
Economy
by  AFP

Boeing faces a potentially crippling strike in the Seattle region, depending on how 33,000 workers vote Thursday on a new contract that has angered many employees despite solid wage gains. Broadcast reports in the Seattle region have featured footage of line workers who hold daily rallies on the factory floor and call the wage hikes inadequate in light of inflation.

On Cuban streets, mid-century icons face challenge from new rides
On Cuban streets, mid-century icons face challenge from new rides
Economy
by  AFP

Brand new Mercedes, state-of-the-art 4x4s, even Teslas: high-end, modern cars have started appearing in Havana, a city whose image is intricately linked to the classic American sedans and Soviet-era Ladas that cruise its streets. The most ubiquitous group of cars date from the Soviet era -- mainly of the Lada and Moskvitch brands.