Asia shares becalmed, dollar on back foot

Asia shares becalmed, dollar on back foot

By Wayne Cole SYDNEY (Reuters) – Asia share markets were becalmed by a Wall Street holiday on Monday while the dollar nursed losses suffered after a weak U.S. retail sales report rekindled wagers for two rate cuts this year. Geopolitics remained in focus with reports that talks on the Russian-Ukraine conflict will begin in Saudi…

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Australia, China trade barbs over midair encounter above South China Sea | South China Sea News

Australia, China trade barbs over midair encounter above South China Sea | South China Sea News

Canberra says Chinese jet dropped flares nears its air force plane as China accuses Australia of airspace intrusion. Australia has accused China of “unsafe” military manoeuvre after a Chinese fighter jet dropped flares near an Australian air force plane patrolling the South China Sea, drawing a quick pushback from Beijing. The Australian Defence Force said…

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Why are gold prices soaring amid US President Trump’s tariffs? | Donald Trump News

Why are gold prices soaring amid US President Trump’s tariffs? | Donald Trump News

United States President Donald Trump’s tariffs – some threatened, others executed – have sent global markets into a tizzy, pushing down several currencies. But some things have become costlier, especially on grocery shelves. And for those who visit the jeweller, gold. With Trump’s 25 percent tariffs on steel and aluminium imports kicking in this week,…

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Vance rails against AI regulation in Paris as US faces off with EU, China | Technology News

Vance rails against AI regulation in Paris as US faces off with EU, China | Technology News

US vice president warns global leaders against striking AI deals with ‘authoritarian regimes’ in a veiled jab at China. United States Vice President JD Vance has warned against “excessive regulation” of artificial intelligence at a Paris summit on the technology, warning both European allies and rivals like China against tightening governmental grip. “Excessive regulation of…

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