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Brazil revs up for jolt of hybrid car investments
Brazil revs up for jolt of hybrid car investments
Economy
by  AFP

Brazil is charging up for a hybrid revolution as global car manufacturers race to pump billions of dollars into the development of green vehicles in Latin America's biggest economy. Toyota, which has bet bigger on hybrids than fully electric cars, announced it would pump $2.2 billion into Brazil until 2030.

TikTok devotees say platform unfairly targeted for US ban
TikTok devotees say platform unfairly targeted for US ban
Technology
by  AFP

TikTok creators voiced outrage Wednesday over proposed legislation that could scuttle the platform in the United States, saying it defies common sense and financial wisdom. "There is no sense of community on any other platform in comparison to what TikTok has created," King said.

Yellen says US unlikely to see 'stagflation'
Yellen says US unlikely to see 'stagflation'
Economy
by  AFP

The United States is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview broadcast Wednesday, adding that most forecasters expect inflation to cool as housing costs move lower. While it takes time for changes to filter into inflation measures, she stressed that she has "every expectation" housing costs will move down this year, easing price pressures.