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China consumer spending falls as pressure on economy builds
China consumer spending falls as pressure on economy builds
by  AFP

China's consumer prices continued to fall last month, with official data highlighting the battle leaders face in trying to kickstart domestic spending in the world's number two economy while fighting a trade war with the United States.

Asian markets rally as Fed cut hopes trump trade war fears
Asian markets rally as Fed cut hopes trump trade war fears
by  AFP

Stocks jumped Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank would cut interest rates again this month. And while price gains continue to outpace the bank's target pace, a series of weak readings has forced him to turn his focus on jobs, and last month announced the first rate cut since December.

US Republicans seek to shield oil giants as climate lawsuits advance
US Republicans seek to shield oil giants as climate lawsuits advance
by  AFP

President Donald Trump's second term has seen the United States go all-in to boost Big Oil and block renewables -- yet a wave of state and local climate-damage lawsuits against the fossil fuel industry continues to advance. Results in the cases have so far have been mixed: oil firms have won dismissals in some states, while others have allowed cases to advance.

Brazil, other nations agree to quadruple sustainable fuels
Brazil, other nations agree to quadruple sustainable fuels
by  AFP

Brazil, India, Italy and Japan vowed Tuesday to quadruple their production and consumption of renewable fuels, hoping other countries will join the pledge during UN climate talks in November. The pledge involves quadrupling the production of sustainable fuels such as biofuels, hydrogen and some synthetic fuels by 2035, compared to 2024 levels.