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German defence giant Rheinmetall to take over warship maker
German defence giant Rheinmetall to take over warship maker
by  AFP

Germany's Rheinmetall has struck a deal to take over a warship builder, both companies said, the defence giant's latest expansion to meet booming demand as European countries rush to rearm. European countries have been racing to build up their militaries since Russia's 2022 invasion of Ukraine.

US-China trade talks resume in Madrid
US-China trade talks resume in Madrid
by  AFP

China and the United States resumed trade talks on Monday in Madrid, seeking to narrow differences on trade and technology that have strained relations between the world's two largest economies. Over the weekend, China launched investigations into the US semiconductor sector, signalling frictions remain high despite the Madrid talks.

Chinese factory, consumer activity slow amid economy struggles
Chinese factory, consumer activity slow amid economy struggles
by  AFP

China's economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year. Industrial production edged up 5.2 percent year-on-year in August, according to data from the National Bureau of Statistics (NBS), the slowest pace since the same month last year.

WTO fishing deal: the net results
WTO fishing deal: the net results
by  AFP

The World Trade Organization's agreement on fisheries subsidies -- its first environmentally focused accord -- enters into force on Monday after years of thorny negotiations at a time of heightened international trade tensions.

Asian markets fluctuate ahead of expected US rate cut
Asian markets fluctuate ahead of expected US rate cut
by  AFP

Asian markets were mixed Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week. Equities have enjoyed a strong run-up over recent weeks as a string of data on jobs and inflation provided the US central bank with enough leeway to resume its rate reductions.