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Boeing had been hopeful about averting a strike after reaching a preliminary deal that included a 25 percent general wage increase over four years

Boeing Not Taking Strike Talks Seriously, Union Says

The union for striking Boeing workers said Tuesday the aviation giant was not "taking mediation seriously," after some 33,000 US employees walked out last week over a contract dispute, effectively shutting down two Seattle-area plants.
Imran Furkan at geopolitical risk analysis firm Tresync said the development fed into the strategic rivalry between China and India

Cash-strapped Sri Lanka Eyes China Development

Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend.
Forecast-beating US retail sales data helped to temper worries about the world's number one economy

Asian Markets Fluctuate On Uncertainty Over Fed Rate Plan

Asian markets swung between gains and losses Wednesday as traders tried to ascertain how big an expected Federal Reserve interest rate cut would be later in the day, while the dollar held gains against the yen after forecast-beating US data.
The Fed's benchmark lending rate sits at a 23-year high

US Fed Set To Make First Rate Cut Since 2020

The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more than four years, a significant move likely to ripple through global financial markets.

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