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Budget, debt: Trump's Treasury chief faces urgent challenges
Budget, debt: Trump's Treasury chief faces urgent challenges
by  AFP

President-elect Donald Trump's new Treasury chief needs to hit the ground running once he takes office, tasked with rolling out his boss's economic vision and grappling with the country's debt limit. With economic dissatisfaction being a key factor in the election outcome, tax cut extensions are set to be high among the Treasury secretary's priorities.

Amazon invests another $4 bn in AI firm Anthropic
Amazon invests another $4 bn in AI firm Anthropic
by  AFP

Amazon is doubling its investment in Anthropic to $8 billion in a deepened collaboration on artificial intelligence, the companies said Friday. Amazon is investing the additional $4 billion in Anthropic as part of an expanded alliance that includes working together on "Trainium" hardware to optimize machine learning, according to the companies.

Russian ruble hits lowest level against dollar since March 2022
Russian ruble hits lowest level against dollar since March 2022
by  AFP

The Russian ruble slumped on Friday to its lowest level against the US dollar since March 2022, a day after Moscow fired a hypersonic missile on Ukraine and Washington sanctioned a key Russian bank. The latest lurch lower came hours after Russian President Vladimir Putin said Moscow had fired a new generation hypersonic missile at Ukraine.

Investors seek 750 mn euros in damages over Wirecard collapse
Investors seek 750 mn euros in damages over Wirecard collapse
by  AFP

A lawsuit by Wirecard investors claiming 750 million euros ($780 million) in compensation over the German payment company's collapse in a 2020 fraud scandal had its first hearing on Friday. Some 8,500 investors are hoping to rake back some of the money they lost when it was revealed Wirecard had a two-billion-euro hole in its accounts.

Spain fines 'abusive' budget airlines 179 mn euros
Spain fines 'abusive' budget airlines 179 mn euros
by  AFP

Spain's leftist government said Friday it has fined five budget airlines including Ryanair and EasyJet 179 million euros ($187 million) for "abusive practices" such as charging passengers for hand luggage. Irish no-frills carrier Ryanair, which was the first to start charging extra for hand luggage in November 2018, was slapped with the biggest fine of 107.8 million euros.