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Asian stocks rallied Wednesday, following another record performance on Wall Street as traders continue to bet on the US Federal Reserve slashing interest rates several times next year. Still, Wall Street enjoyed another strong day, with the Dow finishing at a fifth straight record high, while the S&P 500 approached its own all-time peak.
Pharmacy group Rite Aid was ordered Tuesday to stop using facial recognition for the next five years by a US regulator, which said the company falsely identified consumers as shoplifters using the technology. But the technology "falsely flagged... consumers as matching someone who had previously been identified as a shoplifter or other troublemaker."
Meta's independent oversight board on Tuesday criticized the social media titan of removing posts that showed human suffering in the Middle East conflict. The board, set up by Meta in 2020 as a supreme court of sorts for the social media titan, overturned two post removal decisions, and urged the company to respond more quickly to changing circumstances in the war between Hamas and Israel.
Spain said Tuesday it will acquire 10 percent of local telecoms giant Telefonica, just months after Saudi Telecom took a significant stake in the operator. The move follows the September announcement by Saudi Telecom (STC) it had paid 2.1 billion euros ($2.3 billion) for a 9.9 percent share in Telefonica which has a strong presence in Latin America and the United Kingdom.
Musician Vusi Nova shared an emotional and bittersweet moment at Somizi's party. The star was seen on the video getting emotional before performing.
Rihanna explained how her partner and baby daddy A$AP Rocky is coping with fatherhood. She said she adores him differently because of his love for their sons.
Khosi Twala is back to serve body goals with her stunning hourglass figure. The media personality shared new photos showing off her body and had fans in awe.
Tamia Mpisane and her daughter Miaandy broke the internet with their cute pictures posted online. They were at the beach and they donned matching outfits.
DJ Sbu recently honoured singer Zahara with a song. The media personality who used to work with the 'Loliwe' singer republished their hit song 'Indlela Yam'.
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