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China central bank cuts benchmark lending rate to boost economy
China central bank cuts benchmark lending rate to boost economy
Economy
by  AFP

China's central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to boost its flagging growth. But that, and recent announcements including central bank interest rate cuts and measures to boost lending, have had little impact so far.

Made-in-China airliner shown overseas at Singapore Airshow
Made-in-China airliner shown overseas at Singapore Airshow
Economy
by  AFP

China's first domestically produced passenger jet will be presented to potential buyers in an international debut at Asia's biggest airshow, which opens in Singapore on Tuesday. But while Boeing will be present at the airshow, it is not presenting any physical commercial aircraft, unlike in previous years.

Ecuador backtracks on plan to send weapons to Ukraine
Ecuador backtracks on plan to send weapons to Ukraine
Economy
by  AFP

Ecuador's foreign minister said Monday the country did not plan to send Soviet-era weapons to Ukraine after the president's vow to do so sparked a spat with Moscow over banana and flower exports. On Friday Ecuador's Trade Minister Sonsoles Garcia said on X that the Russian embargo on five banana exporting companies had been lifted.

Italy takes over troubled steel mill
Italy takes over troubled steel mill
Economy
by  AFP

Following months of unsuccessful talks, the Italian government Monday launched a temporary state takeover of a troubled steel mill that that is majority-owned by steel giant ArcelorMittal, according to sources close to the situation. ArcelorMittal owns a 62 percent stake in the Taranto steel mill and the Italian state the remaining 38 percent.