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Asian markets track another Wall St record on rate hopes
Asian markets track another Wall St record on rate hopes
Economy
by  AFP

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.

US bans pharmacy Rite Aid from facial recognition use
US bans pharmacy Rite Aid from facial recognition use
Technology
by  AFP

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 accused of mishandling Israel-Hamas war posts
Meta accused of mishandling Israel-Hamas war posts
Technology
by  AFP

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 takes 10% of Telefonica following Saudi stake
Spain takes 10% of Telefonica following Saudi stake
Economy
by  AFP

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.