Business and Economy
US Congress passes bill to avert shutdown
AFP - 5h ago
The US Congress averted a Christmastime government shutdown early Saturday after weeks of tense negotiations that went …
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Google counters bid by US to force sale of Chrome
AFP - 6h ago
Google late Friday countered a US call to sell its Chrome browser, suggesting a judge address antitrust concerns by …
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Amazon says US strike caused 'no disruptions'
AFP - 8h ago
A US strike targeting Amazon in the peak festive period extended into a second day Friday as the retail behemoth said …
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Qualcomm scores key win in licensing dispute with Arm
AFP - 9h ago
A federal jury in the United States on Friday delivered a key win to mobile commputing titan Qualcomm in a licensing …
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US House passes bill to avert shutdown, Senate vote to follow
Dec 20 2024
The US House of Representatives voted Friday to avert a government shutdown with just hours to spare, with Democrats …
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US hours from government shutdown over Christmas
Dec 20 2024
US lawmakers raced Friday to stave off a government shutdown set to bite within hours, after Donald Trump and Elon Musk …
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Wall Street climbs as markets brace for possible govt shutdown
Dec 20 2024
Wall Street stocks bounced higher Friday following a pullback in US Treasury yields as markets braced for a looming US …
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Amazon expects no disruptions as US strike goes into 2nd day
Dec 20 2024
A US strike targeting Amazon in the peak festive period extended into a second day Friday as the retail behemoth said …
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EU, Swiss hail 'historic' new deal resetting relations
Dec 20 2024
The European Union and Switzerland announced Friday a new set of agreements aimed at recalibrating relations between the …
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US confirms billions in chips funds to Samsung, Texas Instruments
Dec 20 2024
President Joe Biden's administration said Friday that it has cemented deals for billions in funding to South Korean …
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Wall Street rebounds despite US inflation ticking higher
Dec 20 2024
Wall Street stocks bounced higher Friday despite data showing an uptick in inflation and a looming US government …
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Ex-IMF chief Rato gets four-year jail term in Spain for tax crimes
Dec 20 2024
A Madrid court sentenced ex-IMF chief and Spanish economy minister Rodrigo Rato to more than four years in prison for …
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Fed's favored inflation gauge edges higher in November
Dec 20 2024
The Federal Reserve's preferred inflation measure rose for a second straight month in November, according to government …
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Argentina's dollar craze cools under greenback-loving Milei
Dec 20 2024
"Dollars, selling dollars!" a money changer shouts to people streaming past in Buenos Aires' financial district.
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'Dark lull' in German energy transition sparks political debate
Dec 20 2024
As Germany heads for February 23 elections the grey winter weather has become a hot campaign topic because of its impact …
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Stocks retreat as US inflation ticks higher
Dec 20 2024
Global stock markets slid on Friday as investors grow concerned about the economic outlook for next year and a looming …
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Spain orders 25 more Eurofighter jets from Airbus
Dec 20 2024
Spain has ordered another 25 advanced Eurofighter jets from European aerospace giant Airbus in the NATO member's drive …
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Russia central bank holds off rate hike after criticism
Dec 20 2024
Russia's central bank kept interest rates at 21 percent on Friday despite surging inflation, a surprise decision that …
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Fed's favored inflation gauge rises again in November
Dec 20 2024
The Federal Reserve's preferred inflation measure rose for a second straight month in November, according to government …
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Credit Suisse collapse probe slams banking regulator
Dec 20 2024
Switzerland's financial regulator was ineffective in tackling the scandals at Credit Suisse, where executive …
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Brits kindle Christmas spirit with second-hand gifts
Dec 20 2024
Bursting with customers one afternoon the week before Christmas, a second-hand charity shop in London's Marylebone High …
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European stocks retreat further before US inflation data
Dec 20 2024
European stock markets slid for a second session running Friday and the dollar dropped as investors grow concerned about …
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Markets struggle as traders digest Fed's hawkish pivot
Dec 20 2024
Equities fell Friday while the dollar maintained gains against its peers as investors assessed the fallout from the …
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China lifts rock lobster ban, bringing end to Australian trade barriers
Dec 20 2024
China has lifted a ban on imports of Australian live rock lobsters, Canberra said Friday, demolishing the final barrier …
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Asian markets struggle as traders digest Fed's hawkish pivot
Dec 20 2024
Equities mostly fell Friday while the dollar maintained gains against its peers as investors assessed the fallout from …
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Starbucks workers to start US strike on Friday: union
Dec 20 2024
Workers at Starbucks will walk off the job Friday in three US cities in a strike their union threatened could spread …
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Asian markets mixed as traders digest Fed's hawkish pivot
Dec 20 2024
Equities fluctuated Friday and the dollar maintained its gains against its peers as investors assessed the fallout from …
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US Fed's caution on rate cuts could cause friction with Trump
Dec 20 2024
Donald Trump's imminent return to the White House and uncertainty about his policy proposals has begun weighing on the …
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Japanese inflation jumps to 2.7% in November
Dec 20 2024
Japanese inflation accelerated in November, with prices rising 2.7 percent on-year partly because of higher energy …
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US lawmakers reject Republican bill to avert government shutdown
Dec 20 2024
The US House of Representatives on Thursday overwhelmingly rejected a Republican-led funding bill aimed at averting a …
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El Salvador plans to sell or shut its crypto wallet
Dec 20 2024
El Salvador will privatize or close the cryptocurrency wallet "Chivo" created by President Nayib Bukele when he made …
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New Nike CEO vows turnaround after earnings drop
Dec 19 2024
Nike reported lower profits on another drop in revenue Thursday, with new CEO Elliott Hill vowing to get the slumping …
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Republicans push new deal to avert US government shutdown
Dec 19 2024
Republicans in the US Congress agreed on a new funding package Thursday aimed at averting a holiday-season government …
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Thousands of US Amazon staff strike days before Christmas
Dec 19 2024
Thousands of Amazon workers on Thursday launched what they called the "largest strike against Amazon in US history" …
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Global stocks mostly fall as US Treasury yields climb
Dec 19 2024
Global stocks mostly fell Thursday as markets digested fresh central bank decisions and a rebound effort on Wall Street …
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IMF confirms talks with Argentina about new loan agreement
Dec 19 2024
The IMF and Argentina have begun negotiations over a new loan agreement as the current program draws to a close, a …
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US govt shutdown looms as Trump, Musk kill funding deal
Dec 19 2024
The United States was staring down the barrel of a holiday-period government shutdown Thursday after a late-hour …
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Tariffs could cause 'massive' price increases: Top Biden advisor
Dec 19 2024
Sweeping tariffs under consideration by Donald Trump could cause "massive" increases to the cost of producing everyday …
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Turkey's Pegasus Airlines says to buy 200 Boeing 737 aircraft
Dec 19 2024
Turkey's Pegasus Airlines said Thursday it would buy 200 Boeing 737 MAX 10 aircraft in its largest-ever order worth some …
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Wall Street stocks rebound despite government shutdown threat
Dec 19 2024
Wall Street stocks rebounded Thursday from sharp losses over the prospect of fewer US rate cuts next year despite the …
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Amazon workers in US strike days before Christmas
Dec 19 2024
Thousands of workers at Amazon facilities across the United States went on strike Thursday, the Teamsters Union said, …
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BoE holds interest rate after inflation rise
Dec 19 2024
The Bank of England on Thursday kept its key interest rate at 4.75 percent, deciding against a cut in line with the US …
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Stock markets decline as Fed eyes fewer rate cuts
Dec 19 2024
European and Asian stock markets slid Thursday following sharp losses on Wall Street as the Federal Reserve signalled …
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Portugal, Spain, France bust contaminated seafood ring
Dec 19 2024
A European operation has spared revellers a potential food poisoning nightmare before Christmas, seizing 30 tonnes of …
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US-based Friedkin Group complete Everton takeover
Dec 19 2024
The US-based Friedkin Group have completed the takeover of Everton, the Premier League club announced Thursday.
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US, European, Chinese firms seek to draw Vietnam arms deals from Russia
Dec 19 2024
Major US weapons manufacturers including Boeing and Lockheed Martin, along with Europe's Airbus and Chinese firms, put …
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Markets track Wall St down after Fed forecast, BoJ hits yen
Dec 19 2024
Equity markets sank Thursday following a severe sell-off on Wall Street that came after the Federal Reserve halved its …
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Sony buys 10% of 'Elden Ring' owner for $320 mn
Dec 19 2024
Japanese electronics titan Sony said Thursday it had paid more than $300 million for a 10 percent stake in the media …
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Asian stocks track Wall St down after Fed forecast, BoJ hits yen
Dec 19 2024
Asian markets sank Thursday following a severe sell-off on Wall Street that came after the Federal Reserve halved its …
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Ivory Coast wants bigger share of its mining boom
Dec 19 2024
Ivory Coast's mining industry is booming, driven by foreign investment and the discovery of new deposits, but the …
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Taiwan's Foxconn in talks with Renault over Nissan stake: report
Dec 19 2024
Taiwan's Foxconn is in talks with French auto giant Renault to buy its major stake in Japanese carmaker Nissan, a report …
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Yen drops as Bank of Japan maintains key interest rate
Dec 19 2024
The yen weakened against the dollar Thursday after the Bank of Japan kept borrowing costs unchanged, extending a retreat …
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Asian markets track Wall St rout as Fed pares rate-cut forecast
Dec 19 2024
Asian markets sank Thursday and the dollar held gains following a severe sell-off on Wall Street that came after the …
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TikTok's rise from fun app to US security concern
Dec 18 2024
As the US Supreme Court considers whether to uphold a law that could get TikTok banned in the United States, here is a …
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US Fed signals fewer cuts, sending stocks tumbling
Dec 18 2024
The US Federal Reserve on Wednesday cut interest rates by a quarter point and signaled a slower pace of cuts ahead, …
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US stocks tumble, dollar rallies as Fed signals fewer 2025 rate cuts
Dec 18 2024
Wall Street stocks tumbled and the dollar rallied Wednesday after the Federal Reserve lowered borrowing rates again but …
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US Supreme Court agrees to hear TikTok ban case
Dec 18 2024
The US Supreme Court agreed on Wednesday to hear TikTok's appeal of a law that would force its Chinese owner to sell the …
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US Fed cuts key rate a quarter point and signals fewer cuts ahead
Dec 18 2024
The US Federal Reserve cut interest rates by a quarter point Wednesday and signaled a slower pace of cuts ahead, as …
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Spain targets Airbnb in illegal ads probe
Dec 18 2024
Spain's leftist government on Wednesday opened an investigation into holiday rental platform Airbnb for allegedly …
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US Fed cuts key rate a quarter point, signals fewer cuts ahead
Dec 18 2024
The US Federal Reserve cut interest rates by a quarter point Wednesday and signaled a slower pace of cuts ahead, as …
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Stocks and dollar edge higher before Fed rate decision
Dec 18 2024
Stock markets mostly edged higher while the dollar rose against main rivals Wednesday ahead of an expected decision by …
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UniCredit ups pressure on Commerzbank, fuelling German anger
Dec 18 2024
Italian bank UniCredit said Wednesday it had boosted its stake in Germany's Commerzbank, intensifying takeover …
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Stock steady, dollar climbs before Fed rate decision
Dec 18 2024
Stock markets moved sideways while the dollar edged higher against main rivals Wednesday with the US Federal Reserve …
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US Fed expected to cut again, despite uncertain path ahead
Dec 18 2024
The US Federal Reserve is expected to cut interest rates by a quarter point Wednesday and signal a slower pace of cuts …
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UK electricity grid set for 'unprecedented' £35 bn investment
Dec 18 2024
National Grid unveiled Wednesday a massive plan to nearly double the transmission capacity of the UK's electricity grid, …
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Germany criticises UniCredit's 'unfriendly' moves on Commerzbank
Dec 18 2024
Italian bank UniCredit's move to increase its stake in German lender Commerzbank, which further fuelled speculation of a …
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After long delay, French nuclear plant coming on stream
Dec 18 2024
France's flagship nuclear reactor at Flamanville in Normandy will finally enter service on Friday after a dozen years of …
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Further hike in UK inflation hits rate cut chance
Dec 18 2024
UK annual inflation climbed further above the Bank of England's target rate in November, official data showed Wednesday, …
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Pokemon is back with a hit new gaming app
Dec 18 2024
With over 60 million downloads and an estimated $180 million in revenue since late October, a new Pokemon mobile game …
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Stock markets, dollar climb before Fed rate decision
Dec 18 2024
Stock markets mostly climbed and the dollar steadied against main rivals Wednesday with the US Federal Reserve set to …
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Japanese carmakers Honda, Nissan in preliminary merger talks: reports
Dec 18 2024
Japanese auto giants Honda and Nissan are in preliminary merger talks to help them compete against Tesla and Chinese …
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Asian markets mixed ahead of Fed news, Nissan soars on merger reports
Dec 18 2024
Asian markets swung Wednesday ahead of the Federal Reserve's much-anticipated policy announcement, while shares in …
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Shares in Japan chipmaker Kioxia jump 10% on Tokyo debut
Dec 18 2024
Shares in Japanese chipmaker Kioxia closed 10 percent higher in Tokyo on Wednesday after an initial public offering that …
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Shares in Japan chipmaker Kioxia jumps 10% on Tokyo debut
Dec 18 2024
Shares in Japanese chipmaker Kioxia closed 10 percent higher in Tokyo on Wednesday after an initial public offering that …
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Economic woes mount for Russia's war machine
Dec 18 2024
Stubborn inflation, exorbitant borrowing costs, bankruptcy risks and a growth slowdown: the Russian economy is facing a …
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Shares in Japan chipmaker Kioxia rally on Tokyo debut
Dec 18 2024
Shares in Japanese chipmaker Kioxia rallied more than seven percent on their debut in Tokyo on Wednesday after an …
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True blue tradition: how Japan's coveted jeans are made
Dec 18 2024
Call it an antidote to fast fashion: Japanese jeans hand-dyed with natural indigo and weaved on a clackety vintage loom, …
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Asian markets diverge ahead of Fed news, Nissan soars on merger reports
Dec 18 2024
Asian markets swung Wednesday ahead of the Federal Reserve's much-anticipated policy announcement, while shares in …
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Japan's Honda and Nissan in preliminary merger talks: reports
Dec 18 2024
Japanese auto giants Honda and Nissan are in preliminary merger talks, according to media reports Wednesday, adding that …
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'Everybody wants to be my friend': Trump feels the love
Dec 18 2024
A shock outsider when he was first elected president eight years ago -- and a pariah when he left office -- Donald Trump …
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One billion users, but controversies mount up for TikTok
Dec 18 2024
TikTok's breakneck rise from niche video-sharing app to global social media behemoth has drawn intense scrutiny, …
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Stock markets mostly drop ahead of Fed policy update
Dec 17 2024
Major stock markets mostly fell Tuesday as attention turned to the US Federal Reserve's upcoming policy decision, with …
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AI startup Databricks raises $10 bn as value soars
Dec 17 2024
Young startup Databricks, which specializes in scaling and building artificial intelligence, said Tuesday it raised $10 …
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Japan's Honda and Nissan to begin merger talks: report
Dec 17 2024
Japanese auto giants Honda Motor and Nissan Motor will enter talks on a merger aimed at helping them compete against …
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US Fed begins final 2024 rate meeting with cut expected
Dec 17 2024
The US Federal Reserve began its last interest rate meeting of the year on Tuesday, with expectations high for another …
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Stock markets mostly drop awaiting Fed policy update
Dec 17 2024
Major stock markets mostly fell Tuesday as attention turned to the Federal Reserve's upcoming policy decision, with …
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A US farm breeds pigs for human kidney transplants
Dec 17 2024
On a farm in the southern US state of Virginia, David Ayares and his research teams are breeding genetically modified …
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Spain central bank raises 2024 growth forecast despite floods
Dec 17 2024
Spain's central bank raised its 2024 growth forecast by 0.3 percentage points on Tuesday despite the impact of the …
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Markets mostly down as Fed gears up for interest rate decision
Dec 17 2024
Most markets fell Tuesday as attention turned to the Federal Reserve's upcoming policy decision, with traders hoping for …
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Asian markets drop as Fed gears up for interest rate decision
Dec 17 2024
Most Asian markets fell Tuesday as attention turned to the Federal Reserve's upcoming policy decision, with traders …
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Canada deputy PM quits in tariff rift with Trudeau
Dec 17 2024
Canada's Deputy Prime Minister Chrystia Freeland quit Monday in a surprise move after disagreeing with Justin Trudeau …
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Chinese casino hub Macau struggles to evolve beyond gaming
Dec 17 2024
In the shadow of the Grand Lisboa, the Macau casino world-famous for its "golden lotus" design, fashion boutique owner …
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Asian markets mixed as Fed gears up for interest rate decision
Dec 17 2024
Asian markets fluctuated Tuesday as attention turned to the Federal Reserve's upcoming policy decision, with traders …
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TikTok asks Supreme Court to temporarily block looming US ban
Dec 17 2024
TikTok asked the US Supreme Court on Monday to temporarily block a law that would force its Chinese owner to sell the …
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Brazil judge orders Adele song be pulled globally
Dec 17 2024
A Brazilian judge has ordered a song by British pop superstar Adele, "Million Years Ago," be pulled worldwide -- …
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ChatGPT search opens to all users in challenge to Google
Dec 17 2024
OpenAI on Monday said it is making ChatGPT-powered internet search available to all users, escalating its threat to …
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Global stocks mostly fall, bitcoin soars to new peak
Dec 16 2024
Global shares mostly retreated Monday as markets awaited a Federal Reserve interest rate decision while concerns over …
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Palestinian economy facing unprecedented crisis: World Bank
Dec 16 2024
The war in the Palestinian territories is having a catastrophic impact on the local economy, the World Bank said Monday, …
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Trump touts $100 bn SoftBank investment, vowing 100,000 jobs
Dec 16 2024
US President-elect Donald Trump on Monday praised Japan's SoftBank for its decision to invest $100 billion in the United …
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SoftBank pledges to invest $100 bn into US, creating 100,000 jobs
Dec 16 2024
The Japanese tech titan SoftBank will invest $100 billion in the United States, creating at least 100,000 jobs, US …
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Cameroon leader urges 'urgent action' on central African economy
Dec 16 2024
Cameroonian President Paul Biya on Monday urged central African states to take "urgent action" to face the region's …
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Global stocks stall, bitcoin soars to new peak
Dec 16 2024
Global shares stalled Monday ahead of an expected US interest-rate cut later this week while concerns over political …
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