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Instagram moves to face rising tide of sextortion scams
Meta, the parent company of Facebook and Instagram, on Thursday announced new measures to fight sextortion, a form of online blackmail where criminals coerce victims, often teens, into sending sexually explicit images of themselves.
US retail sales pick up pace in September
Retail sales in the United States accelerated in September, according to government data released Thursday, a positive sign for consumption as the election approaches. Overall sales rose 0.4 percent to $714.4 billion between August and September, according to Commerce Department data, beating analysts' expectations.
Couche-Tard executives in Japan to push 7-Eleven deal
Executives from Canada's Alimentation Couche-Tard are in Japan in a bid to overcome resistance to their $47-billion takeover of 7-Eleven's parent but are being given the cold shoulder, according to interviews published Thursday.
Taiwan's TSMC posts sharp rise in third quarter net profit
Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and raised its growth forecasts for the year on "extremely robust" demand for AI technology. TSMC said it expected full-year revenue to increase by nearly 30 percent.
Trial into Brazil mining disaster to open in London
A long-awaited trial into whether Australian miner BHP is liable for one of Brazil's worst environmental disasters opens in London on Monday, potentially triggering compensation totalling billions of dollars. Vale has offered to share any compensation BHP ends up paying as a result of the London trial.
UN report says 1.1 billion people in acute poverty
More than one billion people are living in acute poverty across the globe, a UN Development Program report said Thursday, with children accounting for over half of those affected. The five countries accounted for nearly half of the 1.1 billion poor people. af-nr/bjt/jgc
China to boost credit for property market, renovate 1 mn homes
China said Thursday it would boost the credit available to the ailing property market and help renovate a million homes as it unveiled another round of measures to shore up the sector and try to reignite the economy. "An additional one million worn-out homes... will be renovated," he added.
ECB set to cut rates again as inflation cools
European Central Bank policymakers meet on Thursday with fading price pressures and weaker economic activity in the eurozone nudging them towards making another cut to interest rates. "The ECB is on a path to cut interest rates at each one of the next five policy meetings," including Thursday's gathering, HSBC bank analyst Chris Hare said.
Asian markets rally, with eyes on China housing briefing
Asian markets rose Thursday as Chinese investors waded back ahead of a briefing in Beijing by the country's housing minister that fanned hopes for more measures to support the ailing property sector.
AFP
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