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Asian markets track Wall St gains ahead of key inflation data
Asian markets track Wall St gains ahead of key inflation data
Economy
by  AFP

Asian markets rose Thursday as investors gear up for the release of major US inflation data that could have a huge bearing on the Federal Reserve's timetable for cutting interest rates. "Our expectations are for headline inflation to continue to cyclically bottom well below three percent, possibly to 2.5 percent, and for the Fed to then start cutting rates sometime over the next six months."

Business trumps politics for Chinese companies at CES
Business trumps politics for Chinese companies at CES
Technology
by  AFP

Xiaoyu Fan smiled as she looked around a bustling China Pavilion at the Consumer Electronics Show Wednesday as gadgets like bladeless fans were displayed and deals were being made. Chinese titans like TCL and Hisense dazzled CES goers with stunning televisions while less well-known companies showed off robots, drones, electronic bikes, charging cables and much more.

US regulators authorize first bitcoin funds on public markets
US regulators authorize first bitcoin funds on public markets
Economy
by  AFP

US securities regulators gave the green light Wednesday to a group of bitcoin exchange-traded funds, a keenly anticipated decision expected to boost the cryptocurrency. Until Wednesday, investors seeking to invest in bitcoin had to open an account on a cryptocurrency exchange and transact through a traditional medium of exchange, such as the dollar.

UN 'very concerned' over attacks on Red Sea trade
UN 'very concerned' over attacks on Red Sea trade
Economy
by  AFP

The United Nations raised the alarm on Wednesday over increasing attacks on shipping in the Red Sea, blamed by Western countries on Huthi rebels, and the risk of escalation in the region. Intensifying attacks by Yemen's Huthi rebels in the Red Sea have caused shipping companies to bypass the route and instead divert around Africa's Cape of Good Hope, significantly adding to journey times and cost.

Amazon cuts hundreds of jobs at Twitch, Prime Video and MGM
Amazon cuts hundreds of jobs at Twitch, Prime Video and MGM
Economy
by  AFP

Amazon's gamer streaming unit Twitch on Wednesday announced that it was laying off 500 staff, reportedly one third of the company, as it struggles financially despite strong popularity among players. The cull comes as part of Amazon's biggest ever job cutting plan launched last year, which it said will reach 27,000 positions across the company.