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Most Asian markets rally on US debt deal hope
Most Asian markets rally on US debt deal hope
Business and Economy
by  AFP

Most Asian markets built on a global rally Friday as traders grow increasingly hopeful that US lawmakers will hammer out a deal to lift the debt ceiling and avert a calamitous default. Markets expect the bank to stand pat next month, though traders are increasingly worried another increase could be on the cards.

Electric trucks pick up speed despite bumpy road
Electric trucks pick up speed despite bumpy road
Business and Economy
by  AFP

Using a motorised arm, a worker at Volvo's factory near Gothenburg slowly guides massive black blocks alongside a chassis, the three tonnes of batteries soon to power an electric truck. They need charging terminals dozens of times more powerful than those made for electric cars.

Commerce minister to pay rare senior Chinese visit to US
Commerce minister to pay rare senior Chinese visit to US
Business and Economy
by  AFP

China's commerce minister will visit the United States next week, the Chinese embassy announced Thursday, in a rare trip to Washington by a top Beijing official as tensions flare. Minister Wang Wentao will meet Commerce Secretary Gina Raimondo and US Trade Representative Katherine Tai in Washington, said Liu Pengyu, spokesman for the Chinese embassy in Washington.

TikTok users sue to stop app ban in Montana
TikTok users sue to stop app ban in Montana
Business and Economy
by  AFP

Five TikTok users are calling on a federal court to overturn Montana's overall ban on the video sharing app, arguing that it violates their free speech rights. The state is trying to exercise national security power that only the federal government can wield and is violating free speech rights in the process, the suit argued.

Twitter says Microsoft broke its rules for developers
Twitter says Microsoft broke its rules for developers
Business and Economy
by  AFP

Twitter called on Microsoft to identify all Twitter content that has been in its control during the past two years; how it is stored and what has been done with it, according to the letter sent to Nadella. Twitter said in the letter it is looking into whether Microsoft exceeded the "reasonable request volume" in what could constitute "abusive usage."