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Exclusive - Turkey's Erdogan says court will decide fate of detained U.S. pastor

NEW YORK (Reuters) - Turkish President Tayyip Erdogan said a Turkish court, not politicians, will decide the fate of an American pastor whose detention on terrorism charges has hit relations between Ankara and Washington.

Spotify, Deezer and others call for stronger EU action against US rivals

Music streaming services Spotify and Deezer joined European business and industry bodies in calling on EU regulators to take tougher action to curb what they say are the unfair practices of online platforms.

Spotify and Deezer joined businesses and industry bodies such as the European Publishers Council and the European Association of Craft, Small and Medium-Sized Enterprises in petitioning the EU authorities in a joint letter, saying the P2B proposal did not go far enough. — Bloomberg

China says plots to disrupt ties with Pakistan will fail

BEIJING (Reuters) - Any plots to sow discord in China's ties with Pakistan will not prevail, the Chinese government's top diplomat said on Tuesday, as Beijing fends off criticism of its economic projects in Pakistan and a clampdown in China's western Xinjiang region.

Why the ‘gig’ economy may not be the workforce of the future

The “gig” economy might not be the new frontier for America’s workforce after all.

From Uber to Lyft to TaskRabbit to YourMechanic, so-called gig work has been widely seen as ideally suited for people who want the flexibility and independence that traditional jobs don’t offer. Yet the evidence is growing that over time, they don’t deliver the financial returns many expect. — AP

US-China trade war dims Asia’s 2019 growth outlook

MANILA: Developing Asia could grow more slowly than previously thought next year as the U.S.-China trade war inflicts collateral damage on the region’s export-reliant economies, the Asian Development Bank (ADB) said on Wednesday.

Ringgit almost unchanged against US$ as investors await US Fed meeting results

KUALA LUMPUR: The ringgit was almost unchanged against the US dollar in early trade Wednesday as investors adopted a wait-and-see attitude awaiting the outcome of the two-day US Federal Reserve meeting, a dealer said.

At 9 am (0100gmt), the local currency stood at 4.1350/1400 against 4.1350/1390 recorded at 6 pm on Tuesday.  The dealer said the meeting could offer direction on future interest rate hikes thus influencing the greenback's movement, which has started to show a downward pattern.

Asian shares hover below three-week high as Fed rate hike looms

TOKYO: Asian shares barely budged on Wednesday, lacking traction as U.S. bond yields edged near a seven-year peak ahead of a widely expected rate hike by the Federal Reserve and as international oil prices rose to four-year highs.

MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat in early trade, in part as South Korea is closed for a holiday. It stayed below a three-week high hit on Friday.  In Japan, the Nikkei edged down 0.4 percent.

Nike’s sales rise 10% on higher spending on sneakers and apparel

Footwear giant said efforts to sell directly to consumers have paid off

Japan Game Awards Future Division: from Kingdom Hearts III to Call Of Duty: Black Ops 4

The Japanese game industry's list of anticipated upcoming hits ranges from Disney Pixar video game crossover Kingdom Hearts III to the first Call Of Duty without a traditional solo campaign.

Characters from Big Hero 6 with franchise hero Sora (right) in a scene from Kingdom Hearts III. — AFP Relaxnews

Oil prices drop, Brent moves further away from 4-year high(Update)

TOKYO: Brent oil edged further away from a four-year high on Wednesday and U.S. crude fell, after the U.S. said it would ensure crude markets are well supplied before sanctions are re-imposed on Iran and as President Donald Trump criticized high prices.

Brent crude futures were down 43 cents, or 0.5 percent, at $81.44 a barrel by 0041 GMT, after gaining nearly 1 percent the previous session. Earlier on Tuesday, Brent hit its highest since November 2014 at $82.55 per barrel.  U.S. crude futures were down 40 cents, or 0.6 percent at $71.88 a barrel. They rose 0.3 percent on Tuesday to close at their highest level since mid-July.

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