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Asian stocks drop after Fed warning, oil dips with Mideast in focus
Asian stocks drop after Fed warning, oil dips with Mideast in focus
by  AFP

Asian stocks fell Thursday after the Federal Reserve warned Donald Trump's trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict. Still, with no concrete signs of escalation, oil prices edged down after another volatile day on Wednesday.

Bolivia risks debt default without new funding: president to AFP
Bolivia risks debt default without new funding: president to AFP
by  AFP

Bolivia, battling an economic crisis that has plunged it into social unrest, risks defaulting on its loan payments if it does not obtain new foreign financing, President Luis Arce told AFP on Wednesday. Arce has dismissed calls to stand down over an economic crisis marked by a dire shortage of foreign currency, fuel and other basics.

Waymo looks to test its self-driving cars in New York
Waymo looks to test its self-driving cars in New York
by  AFP

Google-owned Waymo on Wednesday said it has applied for a permit to start testing its self-driving cars in New York City, a first for the Big Apple. New York State law limits the use of autonomous cars to testing and does not allow Waymo to offer the kind of robotaxi services it provides in San Francisco, Los Angeles, Phoenix and Austin, a Waymo spokesperson said.

Lakers to be sold in record-breaking $10 billion deal: ESPN
Lakers to be sold in record-breaking $10 billion deal: ESPN
by  AFP

The Los Angeles Lakers are being sold in a record-breaking $10 billion deal that makes the iconic franchise the highest-valued sports team in US history, ESPN reported Wednesday. Walter is the chief executive of holding company TWG Global which has built an impressive portfolio of professional sports teams, including the Los Angeles Dodgers and Los Angeles Sparks.

US approves Gilead's twice-yearly injection to prevent HIV
US approves Gilead's twice-yearly injection to prevent HIV
by  AFP

The US Food and Drug Administration on Wednesday approved Gilead Sciences' twice-yearly injection to prevent HIV, a move the company hailed as a major breakthrough in the fight against the sexually transmitted virus. The approval also comes as President Donald Trump's administration has slashed funding for HIV treatment and prevention programs both overseas and within the United States. ia/dw