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Asian markets fall on rate concerns
Asian markets fall on rate concerns
Economy
by  AFP

Asian markets fell Tuesday on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer. "This yield surge reflects the market's response to messaging from the Federal Reserve, indicating the central bank's commitment to keeping borrowing costs elevated to combat inflation," said Innes.

China's Evergrande resumes Hong Kong trading
China's Evergrande resumes Hong Kong trading
Economy
by  AFP

Shares in Chinese property giant Evergrande rose as trading resumed on Tuesday, following a suspension last week when the heavily indebted company announced its boss was under criminal investigation. When trading resumed Tuesday, prices initially jumped more than 60 percent before dropping to ten percent and then rising again.

Actor Tom Hanks warns of ad with AI imposter
Actor Tom Hanks warns of ad with AI imposter
Technology
by  AFP

Actor Tom Hanks and CBS talk show co-host Gayle King on Monday were warning fans about ads featuring imposters generated by artificial intelligence. King, a co-host of CBS Mornings talk show, posted what she said was a bogus video clip of her enticing viewers to click on a link to learn about her weight loss "secret."

Ford temporarily lays off 300 more US workers due to strike
Ford temporarily lays off 300 more US workers due to strike
Economy
by  AFP

Ford announced Monday that over 300 more workers have been temporarily laid off due to "knock-on effects" from the ongoing strike against the company and two other US automakers. "Our production system is highly interconnected, which means the UAW's targeted strike strategy has knock-on effects for facilities that are not directly targeted for a work stoppage," Ford said in a statement on Monday.

Apple working on fix for iPhone 15 models running hot
Apple working on fix for iPhone 15 models running hot
Technology
by  AFP

Apple on Monday said it is working to fix a "bug" it said was among reasons some newly released iPhone 15 smartphones are heating up. The release comes as Apple faces declining sales of iPhones, with higher prices pushing customers to delay switching to newer models.