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Nintendo shares tumble as Switch 2 preview disappoints
Nintendo shares tumble as Switch 2 preview disappoints
by  AFP

Nintendo shares tumbled more than six percent Friday after the Japanese games giant failed to impress with a brief video preview of its new Switch 2 console. In morning trade in Tokyo, Nintendo shares were down 5.67 percent at 9,046.00 yen ($58.28), having earlier fallen more than six percent.

US trade envoy finds China shipbuilding policies 'actionable'
US trade envoy finds China shipbuilding policies 'actionable'
by  AFP

The US Trade Representative said Thursday that its probe into China's practices in the shipbuilding, maritime and logistics sectors found that Beijing's "targeted dominance" warranted action. The USTR investigation found China's efforts to dominate the sector "unreasonable" as it displaces foreign firms and creates dependencies on the world's second biggest economy.

Insurance access for US homeowners with higher climate risks declines
Insurance access for US homeowners with higher climate risks declines
by  AFP

Homeowners in areas of the United States with the highest climate-related risks saw declining access to insurance, a Treasury Department report released Thursday said. Average insurance non-renewal rates were about 80 percent higher for consumers in high-climate-risk areas than for those in the lowest-risk ones, the report found.

China set to post sluggish growth as doldrums deepen
China set to post sluggish growth as doldrums deepen
by  AFP

China is set on Friday to post some of its weakest growth in decades, as leaders grapple with economic doldrums and nervously eye a potential trade standoff with incoming US President Donald Trump.

Music industry girds for looming US TikTok ban
Music industry girds for looming US TikTok ban
by  AFP

TikTok has dramatically changed music discovery and marketing -- a reliance the looming US ban on the popular app has underscored as the music world braces for an unknown future. And Americans are already trying new alternatives, like China's popular viral video app RedNote.

EU's ex-tech chief joins Bank of America as advisor
EU's ex-tech chief joins Bank of America as advisor
by  AFP

The EU's influential former tech enforcer Thierry Breton will join Bank of America's advisory council, he told AFP on Thursday, a move denounced by one lawmaker as flouting a lobbying ban. Breton confirmed to AFP that he would be a member of the global advisory council, a role he held before joining the commission, from 2013 to 2019.