AFP
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Embattled Bordeaux winemakers see Trump's tariffs as latest blow
The sun is shining, the grapes are ripe and a good harvest is expected but a heavy cloud is looming over Laurent Dubois's vineyard in southwestern France. "There will be a price adjustment but there is no expected market shutdown.
TikTok's UK content moderation jobs at risk in AI shift
Social media platform TikTok announced on Friday it will restructure its UK trust and safety operations, putting several hundred jobs at risk as it shifts to AI-assisted content moderation. TikTok in June announced plans to increase investment in the UK, its biggest community in Europe, with the creation of 500 more jobs.
Pressure on Merz as Trump tariffs hit German economy
Germany's economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor Friedrich Merz to turn Europe's top economy around.
Australia orders audit of crypto trading giant Binance
Australia has ordered the local arm of the world's largest cryptocurrency exchange, Binance, to appoint an external auditor after identifying "serious concerns" with its money laundering and terrorism financing controls.
US wine sellers left in limbo despite EU tariff deal
At a wine shop in Washington's Capitol Hill neighborhood, bottles sourced from Europe are becoming costlier to import -- and soon, pricier for customers to buy, the owner says -- thanks to a resident just down the road in the White House. "Everybody's redoing their price books at this point," said Michael Warner, co-owner of wine boutique DCanter in Washington's Capitol Hill neighborhood.
Under Trump pressure, US Fed chief to walk tightrope in speech
US Federal Reserve chief Jerome Powell is expected to walk a fine line while delivering a closely watched speech at a central banking conference on Friday, as he faces down attacks from President Donald Trump alongside mixed economic data. Powell is due to deliver his final Jackson Hole speech as Fed chair at 10:00 am Eastern Time (1400 GMT) on Friday.
Nvidia chief says H20 chip shipments to China not a security concern
Shipping Nvidia's H20 chips to China was "great" for Beijing and Washington and not a security threat, the tech giant's chief said Friday. The California-based company produces some of the world's most advanced semiconductors but cannot ship its most cutting-edge chips to China due to concerns from Washington that Beijing could use them to enhance military capabilities.
Rice prices up 91 pct year-on-year in Japan
Rice prices in Japan soared 90.7 percent in July year-on-year, official data showed Friday, but the rate of increase slowed from previous months offering some relief for Prime Minister Shigeru Ishiba. But other data released Wednesday showed exports to the United States plunging 10.1 percent in July, with cars down 28.4 percent.
Asian markets tick up as investors eye Jackson Hole meeting
Asian markets were mostly up Friday morning ahead of a pivotal speech by the US central bank chief, expected to shed light on possible interest rate cuts in the world's top economy.
AFP
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