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7-Eleven to replace CEO in Couche-Tard takeover battle: reports
7-Eleven's owner is set to replace its CEO as the Japanese convenience store giant battles a $47-billion takeover bid by Canada's Alimentation Couche-Tard (ACT), reports said Monday.
AI, trade tensions to mark Barcelona mobile industry meet
Frantic optimism about artificial intelligence's potential to empower gadgets is set to clash with fears about trade tensions stoked by the White House at this week's Mobile World Congress (MWC) in Barcelona. Generative artificial intelligence's capture of tech industry attention since ChatGPT first emerged has made it a must-have for any firm developing new devices.
ECB to cut rates again as debate heats up on pause
The European Central Bank is expected to cut interest rates again this week in a bid to boost the floundering eurozone economy, even as debate heats up about when to hit pause. - Rate debate - Some policymakers are starting to ask how the central bank should continue on the path downward.
Asian markets climb on China fiscal hopes against Trump tariffs
Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US President Donald Trump's looming tariffs against Chinese goods. Meanwhile, Bitcoin slipped 1.3 percent on Asian markets after a six percent-surge on Sunday on the back of Trump's announcement that he was considering adding five digital assets to the US' strategic reserves.
SpaceX targeting Monday for next test of Starship megarocket
Elon Musk has been making headlines for mass layoffs and funding cuts at US federal agencies under his so-called Department of Government Efficiency. Now, as one of President Donald Trump's closest advisors, the world's richest person faces allegations of wielding undue influence over regulatory agencies overseeing his companies.
Trump's fentanyl tariffs hold wider political aims: analysts
In doubling down on tariffs targeting Canada, Mexico and China, US President Donald Trump cites a lack of progress on tackling fentanyl, but analysts say the drug crisis is just one of his political goals. In early February, Trump unveiled -- then temporarily halted -- sweeping tariffs on Canada and Mexico.
Iran lawmakers sack minister over economic woes
Iran's parliament sacked the country's finance minister on Sunday after impeaching him over soaring inflation and a plunging currency, state television reported. - 'Chronic inflation' - "The most important problem of the country's economy is inflation, and that is chronic inflation, which has plagued our economy for years," the economy minister added.
High-stakes father-son feud rocks Singapore property giant
A high-stakes father-and-son feud has plunged Singapore property giant City Developments Ltd (CDL) into turmoil, with the private boardroom dispute of one of the city-state's wealthiest families erupting into public view this week. "As a father, firing my son was certainly not an easy decision" but the stakes were "simply too high to allow reckless power grabs to destabilise the company", he said.
Indonesians swindled by scams using President Prabowo deepfakes
Wearing a traditional Indonesian black hat and shirt, President Prabowo Subianto speaks to the camera in an Instagram video, asking his people how he can help them after his election last year.
AFP
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