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India and China to resume direct flights as ties improve
India and China to resume direct flights as ties improve
Economy
by  AFP

India and China resume direct flights on Sunday after a five-year suspension, a move important both for trade and a symbolic step as Asia's giants cautiously rebuild relations. Exports from India to China were $ 1.47  billion, modest by comparison, but up around 34 percent year-on-year.

How risky is the growth in US private credit?
How risky is the growth in US private credit?
Economy
by  AFP

The recent bankruptcies of US companies First Brands and Tricolor have focused attention on risks associated with the growth in the private credit market, or lending outside traditional banks. However, anxiety about the sector rose following bank losses from First Brands, a US auto supply company and Tricolor, a subprime auto lender.

US Fed will likely cut again despite economic murkiness from shutdown
US Fed will likely cut again despite economic murkiness from shutdown
Economy
by  AFP

The Federal Reserve is expected to announce its second rate cut of the year on Wednesday, despite a lack of clarity over the health of the US economy due to the ongoing government shutdown. Swonk expects the Fed to cut twice more this year, and to announce an end to its program of shrinking its balance sheet next week -- known as quantitative tightening -- in the face of rising liquidity risks.

Global race for rare earths comes to Kenya's Mrima Hill
Global race for rare earths comes to Kenya's Mrima Hill
Economy
by  AFP

Division and suspicion have gripped five villages near Kenya's coast as global powers from the United States to China eye a forest that is rich in rare earths -- minerals vital to high-tech and low-carbon industries. But it now sees a major opportunity, particularly as China -- the biggest source of rare earths -- increasingly limits its exports.

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