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US alleges software scheme to raise rent prices
US prosecutors unveiled sweeping antitrust charges Friday against a property management software company that they allege employs algorithms to enable collusion among landlords, harming renters across numerous US markets. The software then generates pricing recommendations, allowing landlords to charge more than they otherwise would, harming consumers.
UK PM tells China's Xi he hopes for 'honest' discussions
UK Prime Minister Keir Starmer told Chinese President Xi Jinping on Friday he hoped they could have "honest" discussions about thorny issues as they held the first call between leaders of the countries in over two years.
Sicily divers seek tycoon's daughter after superyacht sinking
Divers returned to the sea off Sicily Friday in search of UK tycoon Mike Lynch's teenage daughter, the last person missing after his family's luxury yacht sank killing the businessman and five others. "The long and delicate search operations for the last missing person continue," the service said on social media Friday.
Nestle shares fall after CEO's surprise departure
Nestle shares fell Friday after the surprise departure of chief executive Mark Schneider, which followed slowing sales growth and bad headlines at the Swiss food group. Freixe, a Frenchman who joined Nestle in 1986, told investors on Friday that his "big focus" will be on sales growth and "market share gains".
Energy-hungry Singapore eyes deserts, forest for renewables
With huge data centres set to drive up already outsized energy demand, the tiny city-state of Singapore is looking to Australia's deserts and Malaysia's rainforests for clean power. Demand, meanwhile, is only set to rise, particularly from data centres, which already account for seven percent of Singapore's electricity consumption.
UK Labour's move to tax private schools stirs passions
UK's Labour government has vowed to tax private schools in order to boost public education and create thousands of teaching posts, but the policy is causing concern for families already hard-pressed to meet the fees.
Alibaba to upgrade Hong Kong listing amid profit drop
Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm.
Asian stocks slip with Wall St ahead of Powell, yen rises
Asian investors jockeyed for position ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be. Powell's speech comes after three Fed officials said they wanted to see more data before agreeing to a rate cut.
US Fed chair expected to signal support for rate cuts
US Federal Reserve chair Jerome Powell is widely expected to use a keynote speech at a major central banking conference on Friday to signal support for cutting interest rates ahead of next month's rate decision. Powell is unlikely to come out strongly in favor of either move on Friday, said Luzzetti from Deutsche Bank.
AFP
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