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US consumer inflation holds steady but tariff worries persist
Consumer inflation in the United States held steady in July, data showed Tuesday, but underlying price increases picked up as President Donald Trump's sweeping tariffs ripple through the world's biggest economy. From a year ago, underlying inflation rose 3.1 percent, picking up pace too.
EU ready to do plastic pollution deal 'but not at any cost'
The European Union is ready to do a deal to land a groundbreaking treaty on plastic pollution, but not at any cost, the EU's environment commissioner insisted Tuesday. However, we don't like plastic pollution and it's time to end plastic pollution as quickly as possible," the commissioner said.
China Evergrande Group says to delist from Hong Kong
Embattled property giant China Evergrande Group said Tuesday it will delist from Hong Kong Stock Exchange as a heavier-than-expected debt burden weighed on its liquidation process. Evergrande's shares on the Hong Kong stock exchange were suspended that month.
In China's factory heartland, warehouses weather Trump tariffs
Labourer Shuai Hang went a week without work earlier this year when sky-high US tariffs on Chinese goods overwhelmed the warehouse he works at and slowed the company's US-bound parcels to a trickle. Working at the warehouse was less tiring than labouring at a construction site, and earning money had become more difficult in the past two years, he said.
Most markets rise as China-US truce extended, inflation in focus
Asian markets mostly rose Tuesday, with Tokyo hitting a record, as investors welcomed the extension of a China-US tariff truce but looked ahead apprehensively to the release of key US inflation data later in the day.
Trump meets with Intel CEO after demanding he resign
US President Donald Trump on Monday said he had a "very interesting" meeting with the chief of US chip maker Intel, just days after calling for his resignation. "The meeting was a very interesting one," Trump said in the post.
One dead, dozens injured in Pennsylvania steel plant explosions
At least one person died and dozens were wounded Monday after blasts at a US Steel plant in the state of Pennsylvania, officials said. Senator John Fetterman of Pennsylvania posted on X that "dozens" had been wounded.
Accumulating bitcoin a risky digital rush by companies?
US President Donald Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon Musk, are among an increasing number of companies buying huge amounts of bitcoin. Tesla has previously accepted payments in bitcoin, while Trump Media soon plans to offer crypto investment products.
Trump says dealing 'nicely' with China as tariff deadline looms
President Donald Trump said Monday that the United States has been "dealing very nicely with China" -- while Beijing said it was seeking positive outcomes -- hours before a tariff truce between both countries was due to expire. Trump also touted the tariff revenue his country has collected this year, saying "we've been dealing very nicely with China."
AFP
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