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Musk's X escapes tough EU competition rules
Musk's X escapes tough EU competition rules
by  AFP

Tech billionaire Elon Musk's X platform will not face the EU's stringent competition rules aimed at keeping digital markets open, the European Commission said on Wednesday. Although Musk has escaped the DMA's crosshairs, his X platform still faces fierce scrutiny under mammoth content moderation rules, and even the risk of a large fine.

UK inflation hits three-year low, fuelling rate-cut hopes
UK inflation hits three-year low, fuelling rate-cut hopes
by  AFP

Britain's annual inflation rate fell to a three-year low in September, official data showed Wednesday, fuelling speculation that the Bank of England will resume cutting interest rates next month. - 'Dramatic drop' - It comes after official data on Tuesday showed an easing in Britain's unemployment rate and wage growth, which also bolstered analysts expectations of a rate cut.

World heading into 'the Age of Electricity': IEA
World heading into 'the Age of Electricity': IEA
by  AFP

More than half of the world's electricity will be produced by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.

Mexico touts foreign investments as IMF warns about reforms
Mexico touts foreign investments as IMF warns about reforms
by  AFP

Seeking to calm investor jitters over controversial judicial reforms, Mexico's new president said Tuesday that four foreign companies would invest around $20 billion in the Latin American nation next year. While the confirmed total was more than $20 billion, actual investments could exceed $30 billion by 2025, he said.

Trump's crypto platform falters on first day of sales
Trump's crypto platform falters on first day of sales
by  AFP

Former US president Donald Trump's cryptocurrency platform had a faltering sales launch Tuesday, with only a fraction of its digital tokens that went on the market finding a buyer. The tokens can be used as cryptocurrencies and give buyers a vote on the platform's governance.