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Author's articles
Rod Stewart banks $100 million for song catalog: report
Rod Stewart, the singer whose hits include "Maggie May," is the latest artist to sell the rights to his music, The Wall Street Journal said Thursday. The paper said Irving Azoff's Iconic Artists Group acquired Stewart's interests in his recorded music and publishing catalog, as well as some rights to his name as likeness, for a tidy sum of nearly $100 million.
World Bank approves $300 mn in new funding for Afghanistan
The World Bank's executive board has approved $300 million in new funds for Afghanistan, which it will deploy outside the control of the Taliban authorities, the development lender confirmed Thursday.
Four Xbox exclusives heading to rivals in big shift
Microsoft on Thursday shook up the video game world with word it is making some once-exclusive Xbox video games available for play on rival consoles. Microsoft makes Xbox consoles along with game software, with titles such as hit "Halo" exclusive to its hardware.
'Sahil Omar': A forever criminal falsely linked to US shooting
"Sahil Omar" is 44, an illegal immigrant and has a Muslim-sounding name -- an apparently fictitious punching bag falsely linked to a slew of US crimes including the latest mass shooting in Kansas City. "At least one of the Kansas City Chiefs parade shooters identified as Sahil Omar, a 44 year old illegal immigrant," said one post on X, without offering any evidence.
Musk fights US state of Delaware after Tesla pay debacle
Elon Musk is on the warpath against Delaware and its powerful business court, moving his SpaceX company out of the eastern US state after a judge struck down his $56 billion compensation package at Tesla. The move came just weeks after Judge Kathaleen McCormick voided his eye-watering compensation package at Tesla, taking sides with a shareholder who claimed the entrepreneur was overpaid.
China urges firms not to be 'blinded by lies' over Xinjiang rights record
China on Thursday urged companies not to be "blinded by lies" about its rights record in Xinjiang, after German automaker Volkswagen said it was discussing the future of its activities in the troubled region. It urged firms to "respect the facts, distinguish right from wrong, and not be blinded by lies".
US dollar dominance not under threat, despite risks: Fed official
The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve official said Thursday. "I do not expect to see the US dollar lose its status as the world's reserve currency anytime soon, nor even see a significant decline in its primacy in trade and finance," he added. da/des
Bitcoin's renewed euphoria as price keeps rising
Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals. The world's biggest cryptocurrency reached $52,749, a high since December 2021.
Private spaceship bound for the Moon, in test for US industry
A private US spaceship was bound for the Moon on Thursday, where it will attempt to land near the south pole and carry out experiments that pave the way for the return of American astronauts later this decade.
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