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Asian stocks rise after big gains on Wall Street
Asian stocks rise after big gains on Wall Street
Business and Economy
by  AFP

Asian stocks were up on Friday, tracking big gains on Wall Street fuelled by strong tech earnings and mixed, but manageable, macroeconomic data. Hong Kong was up nearly one percent in early trade Friday on the back of solid gains by Chinese tech giant Tencent and strong performances by commerce and industry stocks.

Australia closes oldest coal plant, pivots to renewables
Australia closes oldest coal plant, pivots to renewables
Business and Economy
by  AFP

Australia's oldest coal-fired power plant will shut down Friday as the country, a once-notorious climate straggler, prepares for a seismic shift towards renewable energy. Besides being inefficient, highly polluting and expensive to repair, the continued widespread use of coal-fired power plants would make Australia's climate targets almost impossible to meet.