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Author's articles
Delayed US data expected to show solid growth in 3rd quarter
The US economy is expected to post another solid economic growth reading Tuesday, but the much-delayed figures likely will not settle debate on the labor market, AI and other variables. Forecasters expect Tuesday's third-quarter gross domestic product (GDP) report to show 3.2 percent growth, according to consensus estimates from MarketWatch and Trading Economics.
Asian markets rally again as rate cut hopes bring Christmas cheer
Equities extended a global rally Tuesday, while gold and silver hit fresh records as optimism for more US interest rate cuts and an easing of AI fears helped investors prepare for the festive break on a positive note. Precious metals were also pushing ever higher on the back of expectations for more US rate cuts, which makes them more attractive to investors.
Right wing urges boycott of iconic Brazilian flip-flops
Prominent figures on Brazil's right wing are calling for a boycott of Havaianas, the iconic Brazilian flip-flop sandals, over an ad seen as taking sides ahead of next year's presidential elections. I've seen many foreigners wearing this Brazilian flag on their feet... but I'm sorry, I'm going to throw these flip-flops in the trash," says the US-based, former Brazilian lawmaker.
Outcry follows CBS pulling program on prison key to Trump deportations
The leadership of CBS News was facing accusations of political meddling on Monday over a last-minute decision to not air a report on the notorious Salvadoran prison where US President Donald Trump has sent deported migrants. CBS, which was purchased by the Trump-linked Ellison family earlier this year, said that the prison report needed "additional reporting."
Billionaire Ellison offers personal guarantee for son's bid for Warner Bros
Oracle tech tycoon Larry Ellison is offering a $40.4 billion personal guarantee to back Paramount's hostile bid for Warner Bros. But Warner Bros last week described the Paramount offer as risky, saying it was backed by "an unknown and opaque revocable trust" and involved "no Ellison family commitment of any kind."
EU slams China dairy duties as 'unjustified'
Brussels hit back Monday at China slapping duties of up to 42.7 percent on some dairy products from the European Union, calling the move "unjustified". The "duty deposits", which range from 21.9 percent to 42.7 percent, come into effect on Tuesday.
Telefonica to shed around 5,500 jobs in Spain
Telefonica will cut up to 5,500 jobs in Spain under a voluntary departure plan agreed with trade unions last week, the debt-laden telecoms firm said in a statement on Monday. "An agreement was reached with the trade unions... concerning the implementation of a voluntary departure plan for approximately 5,500 workers," Telefonica said in a statement released via the stock market regulator.
Italy fines Apple nearly 100 mn euros over app privacy feature
Italy's competition authority said Monday it had fined the US tech giant Apple 98 million euros ($115 million) for allegedly abusing its dominant position in the mobile app market. French antitrust authorities earlier this year handed Apple a 150-million euro fine over its app tracking privacy feature.
EU to probe Czech aid for two nuclear units
The European Commission said Monday it had opened an investigation to assess whether the Czech government's support plan for the construction and operation of two nuclear units is in line with EU state aid rules.
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