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Asian markets battle to recover from tech rout after US data
Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured that the economy was still in rude health, but did not dent hopes for an interest rate cut.
In swing state Pennsylvania, middle class struggles to get by
The giant steelworks that greets visitors to Allentown, Pennsylvania once symbolized the city's success as an industrial hub. - More visitors at food pantries - On Friday, all eyes will be on new inflation figures from the US government.
Babe Ruth jersey breaks world record for sports item at auction
A jersey belonging to American baseball legend Babe Ruth broke the world record Thursday for most expensive sports object sold at auction -- and the sale has not even ended yet. However, the sale will not end until August 24, according to organizer Heritage Auctions, with experts estimating the bidding could soar to as much as $30 million.
Video game actors to strike in California
Hollywood's video game actors will go on strike early Friday to demand safeguards against artificial intelligence, the US actors' union announced. Facing stalled negotiations, the video game actors had authorized their union to call a strike last September.
OpenAI to challenge Google with new search functionality
OpenAI on Thursday said it was putting its artificial intelligence engine to work in a challenge to Google's market-dominating search engine. OpenAI said it was working with some publishers to refine SearchGPT, which is being kept separate from the training of its generative AI foundation models.
American Airlines reports lower profits but wins on IT outage
American Airlines lowered its 2024 outlook Thursday on lingering effects of a botched booking system upgrade, but shares rallied as it touted a speedy recovery to last week's IT outage that plagued rivals.
US sees no need for global deal to tax super-rich: Yellen
The United States sees no need to negotiate an international agreement on taxing the super-wealthy, Treasury Secretary Janet Yellen said Thursday on the sideline of a G20 finance ministers' meeting. On Friday, the ministers will tackle the financing of the climate transition and debt in their last meeting before a G20 summit on November 18 and 19. alb/tmo/fb/des
Deutsche Bahn suffers 16-fold jump in losses in first half
Germany's state-owned train operator Deutsche Bahn said Thursday that its year-on-year net losses soared 16-fold in the first half of 2024, reflecting the impacts of extreme weather, strikes and upgrades to its ageing network.
Palestinian Olympic threat video fake of possible Russian origin: sources, experts
A video that has been widely shared on social media showing a purported Palestinian militant threatening attacks on France during the Olympic Games in Paris is a fake and could be of Russian origin, security sources and experts said on Thursday.
AFP
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