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1. CNN: Scientists discover new species of dinosaur 2. Reuters: China unveils new trade partnership with US 3. The Guardian: US and China forge new trade deal 4. BBC: Scientists uncover previously unknown species of dinosaur 5. ABC News: US and China agree to historic trade pact 6. Wall Street Journal: US and China sign landmark trade deal 7. The New York Times: US strikes new trade deal with China 8. Bloomberg: China and US sign new trade agreement 9. CNBC: Scientists find new species of dinosaur 10. Fox News: China and US ink new trade pact
The global equity sell-off looks set to extend into Europe on Thursday although the region may be spared the carnage in parts of Asia, where Japan's Nikkei tumbled as much as 3% and Hong Kong's Hang Seng slumped close to 2%. Earnings this week from the likes of Alphabet and Tesla have not supported the market's sky-high tech valuations, sending not just mega-cap stocks but all of Wall Street sliding back to earth from near-record peaks. Japan's exporter-heavy equity market was hit particularly hard by a reversal in the yen, which has rebounded to about 152 per dollar from a three-decade trough near 162 yen per dollar around the start of this month.
Japan's government maintained its economic assessment but noted a more pessimistic outlook for exports due to weakening demand from China. According to the Cabinet Office's Monthly Economic Report, the Japanese economy is recovering at a "moderate pace," though it has recently "appeared to be pausing." The assessment of exports was downgraded from "appearing to be pausing for picking up" to "almost flat," reflecting the impact of slowing Chinese demand.
Riding on steady production, a robust aftermarket and growth in exports, turnover of the automotive component industry in India has broken all previous records, reaching $74.1 billion in FY24. Get more Automobile News and Business News on Zee Business.
THE International Maritime Trade Competitiveness Act is expected to address “unreasonably high” international shipping charges, which are holding back both importers and exporters, the Department of Trade and Industry (DTI) said. In a statement, the DTI said that it is supporting such a measure, which will establish a regulatory framework for the maritime industry and […]