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Asian markets fluctuate after mixed US jobs report
Asian markets fluctuate after mixed US jobs report
Business and Economy
by  AFP

Asian equities swung Monday following a mixed US jobs report that left investors weighing the chances of another Federal Reserve interest rate hike. The cheer was offset by a still-strong read on wage growth, which backed up the hawkish outlook for more tightening, with Bloomberg reporting traders see a 40-percent chance of another hike this year.

Relief and despair: repeal of logging ban divides Kenya
Relief and despair: repeal of logging ban divides Kenya
Business and Economy
by  AFP

It was the news Kenya's timber industry had waited over five years to hear: a ban on logging was over, and the country's forests were once again open for business. The ban was introduced at a time when Kenya's forests were being cleared at a rate of 5,000 hectares a year, depleting water supply in the drought-prone country, and contributing to global warming.

Water-stressed Iraq dries up fish farms
Water-stressed Iraq dries up fish farms
Business and Economy
by  AFP

Iraqi villager Omar Ziad gazes at the cracked and barren earth where his fish farm once stood, lost to water conservation efforts during a devastating four-year drought. "I've worked in this industry since 2003," the 33-year-old said at his village of Al-Bu Mustafa in Iraq's central Babylon province.

New York drives towards first US congestion charge
New York drives towards first US congestion charge
Business and Economy
by  AFP

New York wants to introduce car-loving America's first congestion charge, but the move faces fierce opposition -- including from the city's famous yellow taxis. New York Governor Kathy Hochul has vowed that New Jersey's suit will not stop congestion pricing from going ahead.