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US judge orders Argentina to sell 51% stake in oil firm YPF
US judge orders Argentina to sell 51% stake in oil firm YPF

A federal judge in New York ordered Argentina on Monday to sell its majority stake in oil firm YPF, the latest blow to Buenos Aires in a decade-long international legal saga. To partially satisfy the outstanding sum, Preska on Monday ordered Argentina to transfer its 51 percent stake of YPF to an intermediary, with instructions that the shares then be handed over to the plaintiffs.

by  AFP

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Ireland launches EU privacy probe into Google AI development
Ireland launches EU privacy probe into Google AI development
by  AFP

An Irish regulator helping to police European Union data privacy on Thursday launched an investigation into Google's artificial intelligence development. The Irish regulator said that its inquiry "concerns the question of whether Google has complied with any obligations that it may have had to undertake" under the EU's strict General Data Protection Regulation (GDPR).

Russia faces stagflation threat as growth slows
Russia faces stagflation threat as growth slows
by  AFP

Prices for bread have jumped so much over the last few years that Russian pensioner Oleg Ivanovich sometimes has to go without. When the special military operation ends, prices will return to normal," he told AFP in Moscow, using the official Russian term for the offensive.

With inflation slowing, ECB to cut rates again
With inflation slowing, ECB to cut rates again
by  AFP

With inflation slowing and the economic outlook darkening, the European Central Bank is expected to cut interest rates again Thursday but is unlikely to give much away about its next moves. The Frankfurt-based central bank made its first cut in June, reducing the key deposit rate to 3.75 percent from a record high of four percent.

Pope says migrant workers need 'a fair wage'
Pope says migrant workers need 'a fair wage'
by  AFP

Pope Francis on Thursday made a plea for migrant workers to be paid fairly, as he visited the affluent city-state of Singapore on the last stop of his marathon Asia-Pacific tour. - 'I'm going to cry' - Singapore is the last stop on the pope's 12-day, four-nation Asia-Pacific trip aimed at boosting the Catholic Church's standing in the world's most populous region.

Asian markets rally with Wall St after US inflation eases further
Asian markets rally with Wall St after US inflation eases further
by  AFP

A surge in tech firms Thursday helped Asian markets track a Wall Street rally after data showed US inflation at a more than three-year low, reinforcing expectations the Federal Reserve will cut interest rates next week. The spike in Japan's Nikkei was helped by a drop in the yen sparked by expectations US rates will only likely be cut by the smaller amount.