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Spain central bank raises 2024 growth forecast despite floods
Spain central bank raises 2024 growth forecast despite floods
by  AFP

Spain's central bank raised its 2024 growth forecast by 0.3 percentage points on Tuesday despite the impact of the devastating October 29 floods, the country's worst such disaster in decades. The bank also increased its growth forecast for 2025 by 0.3 percentage points to 2.5 percent. imm/cw

Chinese casino hub Macau struggles to evolve beyond gaming
Chinese casino hub Macau struggles to evolve beyond gaming
by  AFP

In the shadow of the Grand Lisboa, the Macau casino world-famous for its "golden lotus" design, fashion boutique owner Suzanne Leong wonders if the economic miracle that initially made her fortune has now cast her aside. Having endured an "extremely tough" year, boutique owner Leong said she had no plans to close her business.

Asian markets mixed as Fed gears up for interest rate decision
Asian markets mixed as Fed gears up for interest rate decision
by  AFP

Asian markets fluctuated Tuesday as attention turned to the Federal Reserve's upcoming policy decision, with traders hoping for guidance on its interest rate plans as president-elect Donald Trump prepares to take office. However, he added: "The wild card is what happens after Donald Trump takes office as US president.

ChatGPT search opens to all users in challenge to Google
ChatGPT search opens to all users in challenge to Google
by  AFP

OpenAI on Monday said it is making ChatGPT-powered internet search available to all users, escalating its threat to Google's dominance. "We're really just making the ChatGPT experience that you know better with up-to-date information from the web," ChatGPT Search product lead Adam Fry said in the video.

TikTok asks Supreme Court to temporarily block looming US ban
TikTok asks Supreme Court to temporarily block looming US ban
by  AFP

TikTok asked the US Supreme Court on Monday to temporarily block a law that would force its Chinese owner to sell the popular online video-sharing platform or shut down a month from now. Should the law come into force it would "shutter one of America's most popular speech platforms the day before a presidential inauguration," TikTok said.