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Vietnam appeals to US for 'market economy' status
Vietnam appeals to US for 'market economy' status
Economy
by  AFP

Vietnam called Tuesday on the United States to recognize it as a market economy, saying stronger trade ties would benefit Washington in key areas as it seeks to diversify from China. Vietnam and China are among a dozen countries designated non-market economies by the United States, allowing tougher actions on exports.

Swiss Re warns insured disaster losses could double in a decade
Swiss Re warns insured disaster losses could double in a decade
Economy
by  AFP

Insured property losses could double in the coming decade due to climate change and more frequent and more intense severe weather events, reinsurance giant Swiss Re warned Tuesday. Swiss Re estimates that insured losses "could double within the next 10 years as temperatures rise and extreme weather events become more frequent and intense".