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US stocks edge higher as shutdown drags on
US stocks edge higher as shutdown drags on
by  AFP

Wall Street stocks edged higher early Tuesday, extending an upbeat stretch as markets continue to look past a US government shutdown that has curtailed economic data releases. "Market participants are looking at the government shutdown with an historical lens and saying that in large part, it doesn't affect the market or the economy," said Art Hogan of B. Riley Wealth Management.

German factory orders drop in new blow to Merz
German factory orders drop in new blow to Merz
by  AFP

German industrial orders unexpectedly fell in August, marking a fourth straight month of decline, official data showed Tuesday, the latest blow to the government's efforts to reboot the ailing economy. Analysts surveyed by financial data firm FactSet had predicted an increase of one percent in August.

Renewables overtake coal but growth slows: reports
Renewables overtake coal but growth slows: reports
by  AFP

Solar and wind farms generated more electricity than coal for the first time on record this year, but US and Chinese policy shifts are slowing growth, putting a global 2030 target out of reach, reports said on Tuesday. The report found that solar power generation jumped by a record 31 percent in the first six months of 2025, far outpacing wind, which grew 7.7 percent.

Extreme rains hit India's premier Darjeeling tea estates
Extreme rains hit India's premier Darjeeling tea estates
by  AFP

Torrential rains that triggered deadly landslides and floods in India's Darjeeling region also destroyed swathes of premier tea estates, officials said Tuesday. Landslides destroyed more than 500 houses, forcing hundreds into temporary shelters, while tourists trapped by floodwaters were rescued by earthmovers, officials said.

EU channels Trump with tariffs to shield steel sector
EU channels Trump with tariffs to shield steel sector
by  AFP

The European Union will take a page out of US President Donald Trump's tariff playbook on Tuesday with a plan to hike levies and slash quotas for imported steel -- to protect the bloc's struggling industry from cheap Chinese competition.