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Biden hosts APEC summit after signaling calmer US-China ties
Biden hosts APEC summit after signaling calmer US-China ties
Economy
by  AFP

Promoting trade, protecting supply chains and fighting the climate crisis will feature at the APEC summit of Pacific rim powers opening Thursday in San Francisco after President Joe Biden and his Chinese counterpart Xi Jinping helped settle regional nerves by agreeing to dial down tensions.

US Fed governor says a 'soft landing' is possible
US Fed governor says a 'soft landing' is possible
Economy
by  AFP

The US Federal Reserve may be on track to bring down inflation while avoiding a damaging recession, a senior policymaker said Thursday. "I continue to expect that we will need to increase the federal funds rate further to bring inflation down to our two percent target in a timely way," Bowman told a conference in Ohio earlier this month.