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Traders struggle to recover from selloff as Fed rate fears linger
Traders struggle to recover from selloff as Fed rate fears linger
Business and Economy
by  AFP

Asian markets fluctuated Thursday following a plunge on Wall Street as a forecast-beating US jobs report revived worries about the Federal Reserve's interest rate-hiking campaign. Data from private payrolls firm ADP showing companies created 324,000 new jobs last month -- smashing forecasts of 190,000 -- suggested the labour market remained tight.

BoE set for fresh rate hike as UK inflation stays high
BoE set for fresh rate hike as UK inflation stays high
Business and Economy
by  AFP

The Bank of England is set to raise its key interest rate for a 14th time in a row Thursday as UK inflation stays high, adding to a cost-of-living crisis. - Highest since financial crisis - At five percent, the bank's interest rate is at the highest level since the global financial crisis in 2008.

X, the former Twitter, lets users hide once-vaunted blue check
X, the former Twitter, lets users hide once-vaunted blue check
Business and Economy
by  AFP

Users on the social media platform X, formerly known as Twitter, will now be allowed to hide their once-prized blue check marks, the company says. A coveted status symbol at Twitter before Elon Musk bought the company, the blue checks have been mocked by some as a sign that the user is willing to pay for special treatment.

Captain Kirk to the holodeck: Shatner beams in to remote meeting
Captain Kirk to the holodeck: Shatner beams in to remote meeting
Business and Economy
by  AFP

More than half a century after he materialized on far-flung planets as Captain James T. Kirk of the Starship Enterprise, William Shatner has beamed into a distant land in a demonstration of hologram technology. "William Shatner stamped the idea of holoportation on our imaginations with his performances on 'Star Trek' and now he can beam anywhere on Earth, in real life," he said.

Hollywood writers to resume talks over strike
Hollywood writers to resume talks over strike
Business and Economy
by  AFP

Hollywood studios will meet with writers this week to discuss reopening talks for the first time since a strike began nearly 100 days ago. Studios "reached out to the WGA today and requested a meeting this Friday to discuss negotiations," the union said in an email to members on Tuesday.

GSK sues Pfizer over patents for RSV vaccine
GSK sues Pfizer over patents for RSV vaccine
Business and Economy
by  AFP

GlaxoSmithKline sued Pfizer on Wednesday over patent infringement, alleging the US drugmaker's RSV vaccine steals key elements of the British company's version. The lawsuit lists four GSK patents granted by US officials between 2013 and 2023 that Pfizer is alleged to have infringed.