Australian markets climbed Thursday, diverging from Wall Street’s decline as the Federal Reserve maintained interest rates unchanged. The S&P/ASX 200 rose 0.37%, with Australia’s export price index up 3.6% in Q4 2024 but down 8.6% annually. In contrast, Japan’s Nikkei 225 and Topix index fell after previous gains, while U.S. markets dropped post-Fed decision, with Nvidia losing 4.1% amid reports of potential chip sales restrictions to China.— CNBC’s Lisa Kailan Han and Brian Evans contributed to this report.
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EU set to make it easier for UK professionals to work in the bloc
SummaryBrussels has proposed legislation to facilitate the recognition of UK professional qualifications in the EU, addressing a key demand from London and aiming to improve post-Brexit relations. The plan is part of a new EU single market strategy and is expected to benefit various UK professionals, who will still need visas to work in EU member states. UK Chancellor Rachel Reeves emphasizes the importance of rebuilding trading relationships with Europe to boost economic growth, while...
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