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Asian markets swing ahead of key US jobs data
Asian markets swing ahead of key US jobs data
Economy
by  AFP

Equities fluctuated in Asian trade Thursday as investors try to assess the Federal Reserve's plans for interest rates after boss Jerome Powell indicated they would start to come down this year. Traders are also keeping an eye on a policy meeting of the European Central Bank later Thursday, which is not expected to see any movement but investors are hoping for some guidance.

EU faces uphill battle to rein in big tech
EU faces uphill battle to rein in big tech
Technology
by  AFP

The EU's landmark curbs on how tech titans do business online kick in from Thursday, but just how far Brussels succeeds in bringing the giants to heel will hinge on bitter battles that still lie ahead. European tech businesses share this concern: industry sources said they want Brussels to make sure big tech follows the rules, not just propose new ones.

Despite oil riches, Libyans hit by plummeting purchasing power
Despite oil riches, Libyans hit by plummeting purchasing power
Economy
by  AFP

Libya may sit on Africa's biggest oil reserves, but many families are struggling with rapidly rising consumer prices as the festive Muslim holy month of Ramadan nears. Economic analyst Abubakr al-Tur said "Libya is experiencing a critical situation with rising prices and a currency devaluation".

Argentina's 'troll' president: Milei takes aim at rivals online
Argentina's 'troll' president: Milei takes aim at rivals online
Technology
by  AFP

Phone in hand, Argentina's President Javier Milei has become a social media junkie who tears into opponents, shares bizarre memes, vents and retweets with a gusto that has seen him dubbed an online "troll." - 'Influencer troll' - After the governor of southern Chubut province, Ignacio Torres, threatened to cut oil supplies over funding reductions, Milei shared and liked various memes about him.

Sticky inflation to keep eurozone interest rates on hold
Sticky inflation to keep eurozone interest rates on hold
Economy
by  AFP

Sticky inflation is expected to prompt eurozone rate-setters to hold borrowing costs steady again Thursday, as they await clearer signs of a sustained easing of consumer prices before beginning to cut. The Frankfurt-based institution's governing council is widely expected to hold the benchmark deposit rate steady at a record four percent for a fourth straight meeting on Thursday.