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Asian investors resume selloff on rate fears as Powell speech looms
Asian markets sank Friday as a mini rally came to a juddering halt ahead of a keenly awaited speech by Federal Reserve boss Jerome Powell later in the day, with traders increasingly worried the bank will hike interest rates further. Analysts said Powell must tread a fine line in his Friday speech at the annual symposium of central bankers and business leaders in Jackson Hole, Wyoming.
Central bankers head to Wyoming retreat seeking clarity on US interest rates
Central bankers and academics from around the world have descended upon the town of Jackson, Wyoming searching for clues on the US Federal Reserve's interest rate policy. European Central Bank President Christine Lagarde will address the symposium on Friday afternoon, while senior central bankers from the United Kingdom and Japan will take part in a panel discussion on Saturday.
Possible US auto strike as unions flex muscle in 'Hot Labor Summer'
With the clock ticking down to a possible strike, Detroit carmakers are staring at tough contract negotiations with an emboldened auto workers union led by a fiery new president. Shawn Fain, who was sworn in as president of the United Auto Workers five months ago, is laying the foundation to potentially strike if there is no agreement by September 14.
Meta's Twitter rival Threads launches web version
Threads, Meta's challenger to depose Twitter as the go-to platform for celebrities, companies and governments, is now available on the web as it seeks to revive its underwhelming launch. X, owned by Elon Musk, still dominates as the platform for comment and news, but the chaos endured at the platform since the Tesla owner took over has eroded its success and sent users seeking alternatives.
Canada probes allegations Walmart, Hugo Boss, Diesel used Uyghur forced labor
Canada's corporate watchdog on Thursday launched investigations of Walmart, Hugo Boss and jeans maker Diesel over allegations they used forced labor from China's Uyghur minority. A coalition of 28 civil society organizations last year filed complaints with the watchdog alleging Walmart, Hugo Boss and Diesel use Chinese suppliers with factories that have been linked to Uyghur forced labor.
Jackson Foo Wong and Boaz Dov Wong are BD Wong's children
Jackson Foo Wong is actor BD Wong's son with his ex-partner Richie Jackson. The celebrity son was raised by his gay parents in New York. Where is he today?
Affordable PEP Home haul under R140 sets South African TikTok abuzz before payday
A savvy woman shared an awesome PEP Home haul video on TikTok showing her R140 buy, and the people of Mzansi couldn’t get enough of the lush home design finds.
Nadia Nakai: Rapper teases new single 'Back In', video receives thumbs up from fans
Rapper Nadia Nakai gave fans a taste of what to expect from her upcoming single 'Back In'. She called it a banger and said she could not wait to release it.
Apple unexpectedly supports Right to Repair Act
Apple on Thursday confirmed it is endorsing passage of a California law requiring major gadget makers to enable people to fix their devices without taking them back to companies. "Apple supports California's Right to Repair Act so all Californians have even greater access to repairs while also protecting their safety, security, and privacy," the iPhone maker said in response to an AFP inquiry.
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