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'Resilient' Africa set for growth rebound: ADB
'Resilient' Africa set for growth rebound: ADB
Economy
by  AFP

Africa saw the pace of economic growth sag last year as inflation continued to rise but is set to rebound this year, the African Development Bank said Friday. While economic growth slowed to 3.2 percent last year, from 4.1 percent in 2022, according to the ADB's calculations, this still makes it the world's second-fastest-growing region after Asia.

UK bank NatWest shakes off CEO turmoil as profits jump
UK bank NatWest shakes off CEO turmoil as profits jump
Economy
by  AFP

British bank NatWest on Friday said net profit jumped nearly a third in 2023 on higher interest rates, adding that Paul Thwaite would become permanent chief executive following boardroom turmoil. - Shares surge - The bank on Friday added that operating pre-tax profit came in at £6.2 billion, the highest since 2007, or eve of the crisis.

EU watchdog urged to reject Meta 'pay for privacy' scheme
EU watchdog urged to reject Meta 'pay for privacy' scheme
Technology
by  AFP

Civil rights groups on Friday called on an EU watchdog to rule against Facebook owner Meta's scheme to let Europeans pay to opt out of data tracking, which they say violates EU law. The EU regulator, the European Data Protection Board (EDPB), is due to decide shortly on whether a system like Meta's violates the bloc's data privacy laws.