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Asian markets struggle as traders weigh geopolitical tensions
Asian investors struggled Wednesday to track a positive lead from Wall Street as they assess the prospect of an escalation in the Russia-Ukraine war, Donald Trump’s second presidency and the outlook for US interest rates.They were also keenly awaiting the release of earnings from chip behemoth Nvidia later in the day, which many see as …
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Strike at French cognac maker Hennessy over measures in China spat
Hundreds of employees of French cognac maker Hennessy, part of the LVMH group luxury empire, went on strike on Tuesday to protest measures the brand plans to employ to circumvent Chinese tariffs imposed in a spat with the EU.Some 500-600 staff in cognac’s home Charente region in southwestern France were protesting at an experimental plan …
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European stocks fall on Ukraine-Russia fears, US focused on earnings
Stock markets fell in Europe but finished mostly higher in New York Tuesday as markets weighed worries about escalating conflict between Russia and Ukraine.Moscow vowed to react “accordingly” after saying Ukraine had fired its first US-made long-range missile onto Russian territory, after being cleared to do so by US President Joe Biden. “The news rattled markets …
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Hong Kong tycoon Jimmy Lai takes witness stand in collusion trial
Pro-democracy Hong Kong tycoon Jimmy Lai will on Wednesday take the stand in his collusion trial, testifying in court for the first time despite five previous trials in almost four years.Lai’s case is one of the most prominent prosecuted under the national security law imposed by Beijing in 2020, with Western countries and rights groups …
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Trump names China hawk Howard Lutnick as US commerce secretary
US President-elect Donald Trump nominated Howard Lutnick, the co-chair of his transition team, as his commerce secretary on Tuesday — a choice set to bring a tougher stance on China from the incoming administration.Lutnick will also lead the country’s tariff and trade agenda, with “additional direct responsibility for the Office of the United States Trade …
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