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Rapper Diddy finally responded to the allegations against him on social media. The star released a statement stating he's innocent of what he is accused of.
Things are not looking good for Sean "Diddy" Combs as his assault allegations keep stacking up. Sizwe Dhlomo weighed in on Diddy's fate amid the scandal.
Chinese exports rose in November for the first time in seven months, officials said Thursday, as the country navigates a troubled recovery from the Covid-19 pandemic. Officials have struggled to sustain a recovery from the impact of the pandemic, even after removing draconian containment measures at the end of 2022.
Germany's strict constitutional debt rule faces an overhaul after a shock court ruling blew a hole in the budget and left the government scrambling to make its sums add up. As well as pushing the 2023 budget beyond the limit of the debt brake, the ruling has left Germany with a 17-billion-euro ($18-billion) hole in its financial plan for 2024.
Asian stocks sank Thursday, extending a rollercoaster week across world markets as investors jockey for position ahead of key US jobs data, while oil struggled to bounce back after hitting a five-month low. Data on Thursday from payrolls firm ADP showing a smaller-than-forecast rise in private sector jobs reinforced views that the labour market and economy were slowing as inflation comes down.
The Russian founder of the Bitzlato cryptocurrency exchange pleaded guilty on Wednesday to operating a money transfer business that accepted illicit funds.
The US state of New Mexico filed a lawsuit Wednesday accusing Facebook and Instagram of being a "breeding ground" for predators who target children. "Facebook and Instagram are a breeding ground for predators who target children for human trafficking, the distribution of sexual images, grooming, and solicitation," the suit argued.
McDonald's announced an aggressive expansion roadmap Wednesday to reach 50,000 restaurants worldwide by 2027, in the fastest growth plan in brand history. The company is planning about $2.5 billion in capital expenditures in 2024 and will add $300 million to $500 million each year thereafter through 2027.
Large US banks railed against new proposed capital requirements at a congressional hearing on Wednesday, joining Senate Republicans in casting the measures as crimping loans to everyday Americans.
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