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Asian shares slide further as rate cut, tariff worries hit market sentiment

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www.clickorlando.com – Elaine Kurtenbach, Associated Press – 2025-01-09 23:40:00

SUMMARY: Asian shares declined on Friday, influenced by a closed U.S. market for a National Day of Mourning for former President Jimmy Carter. U.S. futures dropped as oil prices increased. Analysts cited waning confidence in potential interest rate cuts by the Federal Reserve amid strong U.S. economic data. Minutes from a recent Fed meeting revealed concerns about inflation and the incoming Trump administration’s trade and policy changes. Regional markets, including Japan and China, showed losses. In bond markets, yields remained steady after recent increases linked to better-than-expected economic reports and inflation concerns. Brent crude oil prices rose slightly.

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Investigators will question a driver who allegedly rammed a car into a crowd in Germany, killing 2

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www.news4jax.com – Stefanie Dazio, Associated Press – 2025-03-04 02:48:00

SUMMARY: In Mannheim, Germany, a 40-year-old man is being interrogated by police after allegedly driving into a crowd, resulting in two fatalities and 11 injuries. Investigators aim to uncover the motive, though initial reports indicate no extremist or religious links to the crime. The suspect, who has prior convictions, including assault and drunken driving, is currently hospitalized following self-inflicted injuries during his arrest. Local authorities emphasized that the incident does not pose further risk to the public. Recent similar acts of violence in Germany raise concerns about public safety, prompting calls for preventive measures from political leaders.

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Asian shares fall after Wall St retreats on fears over hit to the US economy from Trump’s tariffs

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www.clickorlando.com – Elaine Kurtenbach, Associated Press – 2025-03-03 20:43:00

SUMMARY: Asian shares opened lower on Tuesday following a sharp decline in U.S. stocks amidst the impending implementation of higher tariffs by President Trump on Canada, Mexico, and China. The Nikkei 225 dropped 1.9%, and the Hang Seng lost 1.6%, as fears of retaliatory measures from China, particularly targeting U.S. agricultural exports, loomed. The S&P 500 fell 1.8%, with Trump’s tariff announcement casting doubt on future negotiations. Weaker-than-expected U.S. manufacturing data added to market pessimism, with significant losses for tech stocks like Nvidia and Tesla. European markets performed better following easing inflation reports, while crude oil and cryptocurrency prices also declined.

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UN food program closes its southern Africa office in the wake of Trump administration aid cuts

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www.news4jax.com – Gerald Imray And Farai Mutsaka, Associated Press – 2025-03-03 14:46:00

SUMMARY: The United Nations’ World Food Program (WFP) is closing its southern Africa office due to aid cuts from the Trump administration, which terminated 90% of USAID’s foreign aid contracts. Acknowledging constrained funding, WFP spokesperson Tomson Phiri stated the agency will consolidate its southern and East Africa operations into a regional office in Nairobi, Kenya. Despite the office closure, WFP’s commitment to assist vulnerable communities remains strong. The organization faced a severe funding loss, as it received $4.4 billion from the U.S. last year, significantly influencing its annual budget. The WFP continues to seek donations to address increasing hunger in the region.

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