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Swiss growth suffered from US tariffs in Q3: data
Swiss growth suffered from US tariffs in Q3: data
by  AFP

Switzerland's economy contracted in the third quarter of the year, suffering from high US tariffs which abruptly curtailed exports across the Atlantic, the economy ministry said on Monday. Employer federation Swissmem last week reported an overall 14.2-percent drop of Swiss exports to the US in the third quarter compared to the period a year earlier.

Asian markets struggle as fears build over tech rally, US rates
Asian markets struggle as fears build over tech rally, US rates
by  AFP

Asian markets struggled Monday on simmering concerns that the Federal Reserve will not cut interest rates as hoped next month, while fears of a bubble continue to weigh on sentiment. That has been compounded by a weakening US jobs market that has fanned expectations the Fed will cut rates.

Japan-China spat sinks tourism stocks
Japan-China spat sinks tourism stocks
by  AFP

Japanese tourism and retail shares fell sharply on Monday after China warned its citizens to avoid travelling to the East Asian country in a spat over comments by Prime Minister Sanae Takaichi about Taiwan. China and Japan last week summoned each other's ambassadors, with Beijing then advising its citizens to avoid travelling to Japan.

Zelensky in Paris to seek air defence help for Ukraine
Zelensky in Paris to seek air defence help for Ukraine
by  AFP

Ukraine's President Volodymyr Zelensky visits Paris on Monday in a new bid to secure weaponry to defend his country against increasingly lethal Russian missile and drone attacks. Ukraine has said it plans to use more than 4.5 million drones this year, for frontline attacks and to fight off Russian drones.

Greenpeace says French uranium being sent to Russia
Greenpeace says French uranium being sent to Russia
by  AFP

The Greenpeace environment group said Sunday that France was sending reprocessed uranium to Russia for treatment so it can be reused, despite the Kremlin's war in Ukraine. These operations have not been affected by international sanctions over the Ukraine war.

Serbia avoiding 'confiscation' of Russian shares in oil firm NIS
Serbia avoiding 'confiscation' of Russian shares in oil firm NIS
by  AFP

Serbia's president on Sunday said he wanted to avoid the "confiscation" of Russian shares in Serbian oil company NIS "at all costs", as his country seeks an exit from crippling US sanctions. "I want us to avoid at all costs confiscation, nationalisation or seizure of property...

Samsung plans $310 bn investment to power AI expansion
Samsung plans $310 bn investment to power AI expansion
by  AFP

South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next five years mostly in technology powering artificial intelligence, aiming to meet growing demand driven by a global boom. The investment package announced on Sunday comes after the South Korean government had pledged to triple spending on artificial intelligence next year.

Budget coffee start-up leaves bitter taste in Berlin
Budget coffee start-up leaves bitter taste in Berlin
by  AFP

Instantly recognisable by their electric blue shop fronts, branches of LAP Coffee have become a common sight in Berlin's hippest neighbourhoods over the past two years. Inside its branches, seating is sparse -- the idea being to snap an Instagrammable selfie in front of the chic decor before taking your coffee away in one of LAP's signature electric blue cups.