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Germany's Scholz between tough talk and trade on China trip
Germany's Scholz between tough talk and trade on China trip
Economy
by  AFP

Chancellor Olaf Scholz travels to China this weekend, walking a fine line in shoring up economic ties with Germany's biggest trading partner at a time when the West is sharpening its tone towards Beijing. Scholz himself has characterised his approach as "derisking", urging companies not to "put all your eggs in one basket" and to nurture ties with other trading partners.

ECB seen holding interest rates one last time
ECB seen holding interest rates one last time
Economy
by  AFP

The European Central Bank is expected to freeze its key interest rate at a record high again Thursday but pave the way for a first cut in June as inflation eases. The Swiss National Bank kicked off the rate-cutting cycle last month when it lowered its main rate by 0.25 percentage points -- becoming the first major central bank to do so.

Panama plans dry alternative to drought-hit canal
Panama plans dry alternative to drought-hit canal
Economy
by  AFP

Panama on Wednesday unveiled plans for a "dry canal" to move cargo between the Pacific and Atlantic oceans due to low water levels in its century-old maritime channel. Honduras presented an ambitious project for a freight railroad between the Pacific and the Atlantic in February, although it currently lacks the financing to build it. fj/dr/bfm

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