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Asia stocks surge on US-China trade deal breakthrough
Asia stocks surge on US-China trade deal breakthrough
by  AFP

Asian equities surged Monday as investors cheered a breakthrough in US-China trade talks that set the stage for leaders Donald Trump and Xi Jinping to finalise a deal, averting an escalation in the world's biggest trade dispute. Futures for US copper surged on the trade deal optimism, bolstering the outlook for global demand.

'Definitive solution' on Brazil-US trade within days: Lula
'Definitive solution' on Brazil-US trade within days: Lula
by  AFP

Brazil's President Luiz Inacio Lula da Silva said Monday a trade deal with the United States could happen within days, possibly easing punitive tariffs after months of animosity. Lula met President Donald Trump at an Association of Southeast Asian Nations (ASEAN) summit on Sunday, after urging the US leader earlier this month to lift punitive 50 percent trade tariffs.

ECB to hold interest rates steady with inflation subdued
ECB to hold interest rates steady with inflation subdued
by  AFP

The European Central Bank is expected to hold interest rates steady this week for its third straight meeting, with inflation under control and the long-struggling eurozone economy looking healthier. The eurozone economy has long been treading water, dragged down in particular by a poor performance in Germany, with growth rates lagging far behind those of China and the United States.

Australia sues Microsoft over 'misleading' AI offer
Australia sues Microsoft over 'misleading' AI offer
by  AFP

Australia's competition watchdog accused Microsoft on Monday of misleading people into paying for its AI assistant Copilot. But there was a partly hidden third option -- visible only when people started to cancel -- of sticking to existing "Classic" plans without Copilot for the original price, the Australian Competition and Consumer Commission said in a statement.

Novartis acquiring US firm Avidity Biosciences for $12 bn
Novartis acquiring US firm Avidity Biosciences for $12 bn
by  AFP

Swiss pharmaceutical giant Novartis announced Sunday it had agreed to buy Avidity Biosciences, with the San Diego-based biopharmaceutical company being valued at $12 billion. Novartis, based in Basel in northern Switzerland, announced in April that it planned to invest $23 billion in the United States over five years. rjm/jj