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Lab-grown diamonds robbing southern Africa of riches
Lab-grown diamonds robbing southern Africa of riches
Economy
by  AFP

Botswana and southern African peers that built much of their prosperity on diamonds are scrambling for alternatives as cheaper, lab-grown stones threaten their economies. Just steps away, a lab-grown diamond valued at $115 was unguarded.

US Fed poised for first rate cut of 2025 as political tension mounts
US Fed poised for first rate cut of 2025 as political tension mounts
Economy
by  AFP

The US Federal Reserve is widely expected to make its first interest rate cut of the year at its policy meeting this week, spurred by a weakening jobs market -- but political tension looms over the gathering. Analysts now broadly expect a 25 basis points rate cut at the end of its two-day meeting on Wednesday, as hiring slows.