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EU seeks to take on China, US to reverse economic decline
EU seeks to take on China, US to reverse economic decline
by  AFP

The European Union's economy is falling further behind China and the United States, a major headache that will dominate leaders' talks on Thursday as they discuss how to stem the bloc's economic decline and bounce back. The EU has been put further on the back foot as China and the United States have ploughed billions of dollars of state aid to prop up their critical industries.

Tesla, Starlink entry on agenda when Musk heads to India
Tesla, Starlink entry on agenda when Musk heads to India
by  AFP

Tech billionaire Elon Musk is set to visit India as his businesses seek new markets in the world's most populous nation, with electric carmaker Tesla -- suffering a sales downturn in the United States -- reportedly scouting factory locations. The Financial Times reported earlier this month that Tesla would send a team to scout locations in at least three states for a factory.

Markets rise as traders consider US rate outlook
Markets rise as traders consider US rate outlook
by  AFP

Asian markets rose Thursday with traders mulling the outlook for US interest rates as Federal Reserve officials questioned the need for a cut anytime soon. Comments from Fed officials reinforced the view that sticky inflation and a resilient US economy will keep the bank from easing monetary policy anytime soon.

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