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Brussels looks to relax curbs on genetically modified crops
Brussels looks to relax curbs on genetically modified crops
Business and Economy
by  AFP

The European Commission will on Wednesday put forward a proposal to ease current restrictions on genetically modified crops, which is already being denounced by environmental groups and leftwing lawmakers. The commission says the rules on GMOs (genetically modified organisms) need to be relaxed to grow crops that require fewer pesticides, are better adapted to climate change and need less water.

Asian markets follow Wall St higher as US inflation eases
Asian markets follow Wall St higher as US inflation eases
Business and Economy
by  AFP

Data showing inflation easing further boosted Asian markets Monday, fuelled by hopes central banks could be nearing the end of their interest rate hiking cycle. The S&P 500 and Nasdaq chalked up big gains to end a strong first half of the year, even after a series of rate hikes as well as a regional banking crisis.

Yellen to visit China, raising need to 'responsibly manage' ties
Yellen to visit China, raising need to 'responsibly manage' ties
Business and Economy
by  AFP

Treasury Secretary Janet Yellen is set to visit Beijing this week, the United States said Sunday, marking the second trip by a cabinet official to China since ties between the world's top two economies deteriorated earlier this year. In Beijing, Yellen will discuss how the United States views its economic relationship with China, a senior Treasury official said Sunday.