AFP
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Asian markets swing as traders assess rates outlook
Asian markets drifted Thursday as investors try to gauge the outlook for US interest rates, while also keeping tabs on developments in France as it heads for crucial elections. Traders are eyeing developments in France as it heads for polls at the end of the month, with President Emmanuel Macron's centrist alliance in third place behind far-right and left parties.
As election looms, BoE set to sit tight on UK rate
The Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price risks and Britain's looming election preventing a cut, according to analysts. Nevertheless, the central bank "should not hesitate to cut interest rates, even during an election campaign.
France tries suspects over false Brigitte Macron transgender claim
Two women went on trial on Wednesday over false claims that France's first lady Brigitte Macron was transgender, which sparked online rumour-mongering by conspiracy theorists and the far right. The false claim also led to more serious accusations of child abuse brought against France's first lady.
Booking.com sounds alarm on AI-enabled travel scams
As travellers rush to book their summer getaways, Booking.com's internet safety boss says watch out for supercharged AI scams. “We've set up AI models to detect those and either block them from getting on there to begin or take it down before there's any booking," she said.
Senate probe urges France stop importing Russian LNG
A Senate investigating committee called Wednesday for France to stop importing Russian liquefied natural gas (LNG) and push for the fuel to face EU sanctions.
US billionaire eyes TikTok takeover to save internet from Big Tech
Frank McCourt, a US real estate billionaire, aims to buy TikTok to rescue the internet from the clutches of major platforms that he firmly believes are destroying society and endangering children.
UK inflation slows to central bank's 2% target
British inflation slowed in May to the central bank's two-percent target, official data showed Wednesday, boosting Prime Minister Rishi Sunak's struggling election campaign. Britain's economy, however, stagnated in April after emerging from recession in the first quarter of the year, official data showed last week.
EU to warn France, Italy and more over unruly budgets
The European Union is expected on Wednesday to rebuke nearly 10 governments, including France and Italy, over their excessive spending after new budget rules entered into force this year.
Chinese 'underground bankers' launder Sinaloa drug money: US
The US Justice Department on Tuesday accused Chinese "underground bankers" of helping Mexico's Sinaloa Cartel launder more than $50 million in drug trafficking proceeds. The Justice Department said the Chinese "underground bankers" had helped the cartel transfer drug profits from the United States to Mexico.
AFP
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