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Indian rupee hits fresh record low past 90 per dollar
India's rupee fell to a fresh record low of over 90 per dollar Wednesday, extending recent declines, with traders partly blaming the delay in striking a trade deal with the United States. On Wednesday morning, the rupee weakened as much as 0.35 percent to a symbolic new low of 90.19, according to Bloomberg data.
YouTube says Australia social media ban makes children 'less safe'
YouTube on Wednesday attacked Australia's looming social media ban for under-16s, denouncing the world-first laws as "rushed" and saying they will make children less safe online. "This law will not fulfil its promise to make kids safer online, and will, in fact, make Australian kids less safe on YouTube," the company's public policy manager Rachel Lord said in a statement.
Chinese smart glasses firms eye overseas conquest
In China, AI glasses let the wearer pay in shops with just a glance at a QR code and a voice command, as a growing number of companies look to conquer both growing domestic and overseas markets. China's internet-based infrastructure, such as QR payment codes in shops, is "already more developed than in Europe and the United States", said Zhu.
Most Asian markets rise as traders await key US data
Markets mostly rose Wednesday, following a resumption of Wall Street's rally, but gains were muted as investors await the last tranche of US data before next week's Federal Reserve meeting. IG market analyst Fabien Yip wrote: "Friday's core PCE index represents the final major inflation gauge before the Fed's December policy meeting.
Italy's luxury brands shaken by sweatshop probes
A series of investigations into exploitative work conditions within fashion subcontractors has roiled Italy's luxury industry, with the government decrying attacks on "Made in Italy". Italy's government has gone on the offensive, with Industry Minister Adolfo Urso saying the reputation of Italian brands was "under attack".
Women don fake mustaches in LinkedIn 'gender bias' fight
Flipping their gender setting to "male" and even posting photos with fake mustaches, a growing number of women on LinkedIn have posed a provocative challenge to what they allege is an algorithmic bias on the platform.
What are 'rare earths' for?
Crucial for making smartphones, fighter jets and electric cars, "rare earth" metals have become a strategic bargaining chip since main producer China this year introduced restrictions on their exports. - Fighter jets, golf clubs - Aviation is a major consumer of rare earths, especially for military plane manufacturing.
San Francisco sues producers over ultra-processed food
San Francisco is suing makers of the ultra-processed food that health experts say has led millions of Americans into obesity during decades of over-consumption, the city said Tuesday. "These companies created a public health crisis with the engineering and marketing of ultra-processed foods," San Francisco City Attorney David Chiu said.
Trump hints economic adviser Hassett may be Fed chair pick
US President Donald Trump on Tuesday hinted that he wants to nominate his chief economic adviser Kevin Hassett to replace outgoing Federal Reserve Chairman Jerome Powell next year. Hassett, a PhD economist, is currently chair of the National Economic Council, a White House body which advises the president and his cabinet on policymaking.
AFP
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