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Australia's labour market has stabilised from a slowdown and remains tight, consistent with stubborn inflationary pressures in the economy, a senior central bank official said on Thursday, Reuters reported. Sarah Hunter, assistant governor at the Reserve Bank of Australia, said the central bank was closely monitoring conditions in the labour market to help assess how much the pick-up in inflation could be temporary.
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The Bank of Japan could raise key interest rates again as early as March and deliver up to three hikes this year in light of persistent inflation and yen weakness, Mizuho Financial Group's markets chief told Reuters on Thursday. With the yen having weakened and inflation continuing to run above the BOJ's target, "we can expect as many as three rate hikes this year, and it's entirely possible that the next one could come as early as March or April," Kenya Koshimizu, co-head of the lender's global markets division, said.
China released new guidelines to regulate pricing behaviour for the automotive sector and outlined draft safety standards on Thursday, marking the latest effort to curb price wars and safeguard the industry's value and quality, Reuters reported. The State Administration for Market Regulation (SAMR) introduced guidelines targeting practices such as failure to display prices transparently and deceptive promotions by automakers, parts suppliers, and dealers involved in car production and sales.
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China's chief trade negotiator Li Chenggang met Mexico's Deputy Economy Minister Vidal Llerenas in Beijing on Monday, in the first face-to-face talks since Mexico imposed higher tariffs on Chinese imports, drawing warnings from Beijing, Reuters reported. The two countries conducted in-depth exchanges on bilateral economic and trade relations and other issues, the Chinese Commerce Ministry said in a statement on Thursday. Mexico announced in December steep tariff increases on China and other countries without free trade agreements with Mexico - most up to 35%.
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South Korea's Bithumb said on Wednesday that serious flaws had left the crypto exchange's internal system susceptible to potential sabotage and failed to prevent an erroneous transfer of more than $40 billion in assets last week, Reuters reported. The country's second-largest virtual asset exchange said it accidentally gave away about 620,000 bitcoins to customers during a promotional event, instead of 620,000 won ($426), triggering a 17% slump in bitcoin's price.
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The European Union must simplify its regulations to make the bloc more competitive against the likes of the United States and China, European Commission President Ursula von der Leyen said ahead of summits of EU political and business leaders, Reuters reported. EU growth has been persistently lower than that of the United States over the past two decades, with EU productivity and innovation, particularly in fields like AI, falling short. "Let me take the U.S. example again. One financial system, one financial capital," von der Leyen said on Wednesday.
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The European Commission has imposed additional duties on imported electric vehicles made in China since 2024, though under European Union rules carmakers can now negotiate tariff exemptions for individual electric models imported from China, Reuters reported. In February 2026 the Commission approved, in a first such move, a request by Volkswagen's Cupra brand to free its Tavascan SUV coupe, which is made in China, from import tariffs in exchange for a minimum price and annual quota model.
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Taiwan’s exports showed no signs of slowing at the start of 2026, rising at the fastest pace in 16 years for the first month of the year as AI demand continues unabated, the Wall Street Journal reported. Exports rose 69.9% in January from a year earlier, official data showed Monday, topping the 52.2% increase expected in a Wall Street Journal poll of economists and logging the fastest pace of growth since early 2010.
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A Dutch court on Wednesday ordered an investigation into mismanagement at chipmaker Nexperia BV and upheld an October decision to suspend former CEO Zhang Xuezheng, the founder of Nexperia's Chinese parent Wingtech, saying that the company needs stability, Reuters reported. The decision leaves control of the company in the hands of the European team that has overseen it since a Dutch state intervention led to a conflict over the firm that has disrupted automotive industry supply lines around the world.
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