Economy

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US Fed poised to hold off on rate cuts, defying Trump pressure
US Fed poised to hold off on rate cuts, defying Trump pressure
by  AFP

The US central bank is widely expected to hold off slashing interest rates again at its upcoming meeting, as officials gather under the cloud of an intensifying pressure campaign by President Donald Trump. When mulling changes to interest rates, the central bank -- which meets on Tuesday and Wednesday -- seeks a balance between reining in inflation and the health of the jobs market.

Battling tariffs is no trivial pursuit for US games retailer
Battling tariffs is no trivial pursuit for US games retailer
by  AFP

At a strip mall in Maryland, a miniature landscape extends across a table between Dash Krempel and his friend as a war game unfolds. Instead of buying more products, he now tries to support retailer Game Kastle College Park by renting tables to play in-store.

New Zealand farmers battle pine forests to 'save our sheep'
New Zealand farmers battle pine forests to 'save our sheep'
by  AFP

New Zealand sheep farmers are fighting to stop the loss of pasture to fast-spreading pine plantations, which earn government subsidies to soak up carbon emissions. New Zealand is one of the rare countries to allow 100 percent of carbon emissions to be offset by forestry.

Trump, EU chief to meet Sunday in push for trade deal
Trump, EU chief to meet Sunday in push for trade deal
by  AFP

EU chief Ursula von der Leyen and US President Donald Trump said Friday they would meet in Scotland this weekend in a decisive push to resolve a months-long transatlantic trade standoff. Von der Leyen first announced the meeting, writing on X: "Following a good call with POTUS, we have agreed to meet in Scotland on Sunday to discuss transatlantic trade relations, and how we can keep them strong."

Trump says '50/50 chance' of US-EU trade deal
Trump says '50/50 chance' of US-EU trade deal
by  AFP

Donald Trump said Friday there was a 50 percent chance of a trade deal with the European Union as the bloc's chief Ursula von der Leyen announced a weekend meeting with the US president. Von der Leyen said Friday she will meet Trump in Scotland this weekend to address the tariffs standoff.

How might Trump's tariffs hurt Brazil?
How might Trump's tariffs hurt Brazil?
by  AFP

With Donald Trump's punitive tariffs against Brazil poised to take effect within days, Latin America's largest economy is bracing for a virtual embargo on its planes, grains, and crude oil. Lula promised to apply "reciprocity" if Trump's tariff threat materializes, measures that could deepen the economic impact on both economies. ffb/arb/des

UK starts online checks to stop children accessing harmful content
UK starts online checks to stop children accessing harmful content
by  AFP

New UK age verification measures to prevent children accessing harmful online content came into force on Friday, with campaigners hailing them a "milestone" in their years-long battle for stronger regulations. The long-awaited new rules, which aim to prevent minors from encountering content relating to suicide, self-harm, eating disorders as well as porn, stem from a 2023 Online Safety Act.

French car dealer charged over Takata air bag injury
French car dealer charged over Takata air bag injury
by  AFP

A car dealer has been charged over failures that led to a driver being injured when a faulty Takata airbag sprayed him with metal fragments, a source said Friday, the first criminal charges in France in a massive recall scandal.