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Asia-Pacific markets mostly lower ahead of Australia’s May inflation figures
Australia’s weighted consumer price index is expected to be 3.8% in May, according to Reuters poll of economists, higher than the 3.6% recorded in April.
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The Chinese yuan’s status as a global currency is gaining ground — but top CEOs see more hurdles
For China’s yuan to be used more globally, the currency needs more “applications” such as stocks and bonds, said Bonnie Chan, CEO of the Hong Kong exchange.
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Rivian secures up to $5 billion from Volkswagen, shares soar more than 50%
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion.
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Here’s how bad housing affordability is now
Home prices are now 47% higher than they were in early 2020, with the median sale price now five times the median household income.
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An AI data center boom is coming, Jefferies says, naming top stocks to buy right now
Artificial intelligence is set to give the global data center market a major boost, according to Jefferies, and usher in a “new era of electricity demand.”
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WikiLeaks gadfly: the Julian Assange saga
After spending seven years in an Ecuadorean embassy and five in prison, the US pursuit of him is drawing to a close
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A deepening stand-off in the South China Sea
The US is correct to support the Philippines in countering Chinese encroachment
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Philippines warns of region-wide conflict over South China Sea dispute
Ambassador to Washington raises spectre of nuclear war as tensions deepen around disputed Second Thomas Shoal