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ECB set to pause rate hikes as eurozone feels pinch
ECB set to pause rate hikes as eurozone feels pinch
Economy
by  AFP

European Central Bank policymakers are widely expected to leave interest rates unchanged when they meet in Athens on Thursday, as their previous policy moves seemed to be biting. - 'Clear impact' - ECB policymakers were in "watch and see" mode Thursday, Ducrozet said, with new official forecasts only set to be published at the governing council's next meeting in December.

A year after Musk's Twitter takeover, X remains mired in turmoil
A year after Musk's Twitter takeover, X remains mired in turmoil
Technology
by  AFP

A year ago Elon Musk purchased X, formerly known as Twitter, taking the platform on a journey that has resulted in lost money, advertisers and trust. - Money matters - Over the past year, the platform's advertising business partially collapsed as marketers soured on X. Insider Intelligence forecasts that X will finish 2023 with $2.98 billion in ad revenue, compared to $4.14 billion in 2022.

Meta quarterly profit jumps but it sees volatility in ad market
Meta quarterly profit jumps but it sees volatility in ad market
Technology
by  AFP

Meta on Wednesday reported that its quarterly profit more than doubled from last year's figure as it looks ahead at a volatile ad market and lawsuits accusing it of profiting from "children's pain." Dozens of US states this week accused Meta of profiting "from children's pain," damaging their mental health and misleading people about the safety of its platforms.

Elon Musk teases audio and video calls at X
Elon Musk teases audio and video calls at X
Technology
by  AFP

X is tinkering with video and audio calling at the platform formerly known as Twitter, according to a post Wednesday by owner Elon Musk. "Early version of video and audio calling on X," Musk wrote in a post that contained a screen capture showing how to turn the feature on in the platform's settings.

Mattel posts strong Q3 results, boosted by 'Barbie' mania
Mattel posts strong Q3 results, boosted by 'Barbie' mania
Economy
by  AFP

American toy maker Mattel revised its annual earnings forecast after its third quarter results beat analysts' expectations, riding on the success of the "Barbie" blockbuster. He added: "Our results benefited from the success of the Barbie movie, which became a global cultural phenomenon, and marked a key milestone for Mattel."

Meta quarterly profit more than doubles
Meta quarterly profit more than doubles
Technology
by  AFP

Meta on Wednesday reported that its quarterly profit more than doubled from last year's figure to $11.6 billion as ad revenue climbed. The tech firm behind Facebook, Instagram and WhatsApp said revenue also grew 23 percent to $34 billion when compared to the same period a year earlier.