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US retail sales beat expectations in August despite tariffs
US retail sales beat expectations in August despite tariffs
by  AFP

Retail sales in the United States were hotter than expected in August, government data showed Tuesday, although analysts warned consumers may run out of steam as President Donald Trump's tariffs bite. A separate report Tuesday showed that industrial production rose 0.1 percent in August, reversing a 0.4 percent decline in July.

Europe slow to match economic rivals US, China: Draghi
Europe slow to match economic rivals US, China: Draghi
by  AFP

The European Union is "failing to match the speed of change" in the United States and China and must act urgently on economic reforms to avoid falling further behind, a key report's author said Tuesday. "They see us failing to match the speed of change elsewhere," said Draghi, a former Italian prime minister.

Protesting Peru residents block trains to Machu Picchu
Protesting Peru residents block trains to Machu Picchu
by  AFP

Train services to the Inca citadel of Machu Picchu, Peru's main tourist attraction, was suspended Monday as protesting residents placed logs and rocks on the tracks, police and PeruRail said. Residents are demanding that a new company be chosen to run the buses that ferry visitors from the Aguas Calientes train station at the foot of Machu Picchu, to the site itself.

US Senate poised to advance Trump aide's appointment at Fed
US Senate poised to advance Trump aide's appointment at Fed
by  AFP

The US Senate is due to vote late Monday on the confirmation of President Donald Trump's choice to join the Federal Reserve's board -- as the clock ticks down to a key policy meeting. Policymakers on the rate-setting Federal Open Market Committee are due to begin their next two-day meeting on Tuesday morning.