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The Trump administration rescinded an order to freeze federal aid funding.

A judge temporarily blocked the pause on Tuesday shortly before it was due to come into effect.

The order sparked confusion among those relying on federal grants, including non-profit organisations,

schools and people receiving direct benefits from Medicaid, America's health insurance for the poor.

Alibaba, a Chinese e-commerce giant, unveiled an AI model it claims outperforms deepseeks, the Chinese startup, which triggered a market route on Monday.

Stock markets in Asia and Europe recovered on Wednesday, boosted by strong earnings from

ASML, a Dutch chipmaker.

American tech stocks, meanwhile, continued to post losses with NVIDIA's share price falling

by 4%.

America's Federal Reserve held its benchmark interest rate at a range of 4.25 to 4.5%.

In a statement, the central bank said inflation remained somewhat elevated.

Its chair, Jerome Powell, said he had not had any contact with Donald Trump.

Last week, Mr. Trump insisted he would demand

that the Fed lower rates. Dozens were killed during a stampede at the Mahal Khmer

Festival in India. Tens of millions of Hindus have flocked to Praaghra, a city in the northern

...