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UK Covid-19 inquiry to grill PM Sunak over Eat Out scheme
UK Covid-19 inquiry to grill PM Sunak over Eat Out scheme
Economy
by  AFP

British Prime Minister Rishi Sunak faces questions Monday over whether his "Eat Out to Help Out" scheme to help the struggling hospitality sector during the pandemic spurred the spread of Covid-19. The hospitality sector had been badly hit by lockdown policies which forced them to close.

TikTok announces $1.5 bn deal to restart Indonesia online shop
TikTok announces $1.5 bn deal to restart Indonesia online shop
Technology
by  AFP

TikTok on Monday announced a $1.5 billion investment in GoTo in a deal that would allow the Chinese-owned short video app to restart its online shop in Indonesia. It was now set to resume that business in Indonesia -- one of TikTok's largest e-commerce markets -- under a deal with GoTo, which owns the popular local online shopping platform Tokopedia.

Falling inflation shifts focus to when ECB could cut rates
Falling inflation shifts focus to when ECB could cut rates
Economy
by  AFP

With inflation dropping faster than expected and the economic outlook darkening, markets will be looking for clues about when eurozone borrowing costs might start to come down as rate-setters meet this week. But all eyes will be on whether the ECB gives any indications of when borrowing costs -- the key deposit rate is currently sitting at a record high -- will start to be reduced.

Elon Musk reinstates far-right conspiracy theorist Alex Jones on X
Elon Musk reinstates far-right conspiracy theorist Alex Jones on X
Technology
by  AFP

Elon Musk, the billionaire owner of X, on Sunday reinstated far-right conspiracy theorist Alex Jones on the social media platform, a year after vowing never to let him return. Musk had himself promised never to let the Infowars host back on the social media platform, which he bought last year for $44 billion.