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Asian markets drop as rate-hope rally loses steam
Asian markets drop as rate-hope rally loses steam
Economy
by  AFP

Asian markets fell Thursday as investors took a breather and cashed in on a recent rally, though analysts said the outlook was bright, even as data pointed to a soft landing for the world's top economy. The soft landing is taking shape," he said.

In Mexico, building a rail rival to the Panama Canal
In Mexico, building a rail rival to the Panama Canal
Economy
by  AFP

At Mexico's narrowest point, linking the Pacific and Atlantic oceans, the government is building a railway rival to the Panama Canal with promises of economic bounty but amid fears of environmental and social harm. But, he warned, that "does not erase its environmental and social impact."

US seizes $1 bn worth of fake luxury goods in NY
US seizes $1 bn worth of fake luxury goods in NY
Economy
by  AFP

Anyone who walks the streets of Manhattan can observe sidewalk vendors hawking counterfeit luxury products. From January through the end of October, the two defendants, Adama Sow, 38, and Abdulai Jalloh, 48, allegedly ran a large-scale knockoff goods ring out of storage facilities in Manhattan, authorities said.

US regulator greenlights Starship's next launch on Friday
US regulator greenlights Starship's next launch on Friday
Economy
by  AFP

The US Federal Aviation Administration (FAA) on Wednesday authorized SpaceX to carry out its second launch of Starship, the most powerful rocket ever built, after a first attempt in April ended in a spectacular explosion. On April 20, SpaceX blew up the uncrewed rocket four minutes after it blasted off.