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Equities gain ahead of Fed, yen rebounds on intervention warning
Equities gain ahead of Fed, yen rebounds on intervention warning
by  AFP

Most Asian stocks rose Wednesday ahead of an expected pause in the US Federal Reserve's interest rate campaign, while the yen fell from its 2023 highs after Japan's top forex official said authorities were "on standby" to intervene. But it picked up in early Asian trade after currency official Masato Kanda said Tokyo was ready to move if needed to step into forex markets.

US Fed likely to hold rates again despite strong economic growth
US Fed likely to hold rates again despite strong economic growth
by  AFP

The Federal Reserve is widely expected to announce Wednesday that it will keep interest rates at a 22-year high in a bid to tackle inflation without harming the buoyant US economy. However, economic growth has remained surprisingly robust, solidifying expectations of a so-called "soft landing," when the Fed smoothly brings down inflation without tanking the economy.

Halloween hits Hollywood strike as actors boycott Barbie costumes
Halloween hits Hollywood strike as actors boycott Barbie costumes
by  AFP

Generic ghosts and vague vampires haunted the Hollywood picket lines this Halloween, as striking actors tried to scare studio bosses by refusing to dress up as any of their famous characters. But despite the dire situation, Grace insisted that the strike should not totally prevent actors from dressing up and having some fun this Halloween.

Guyana seeks UN court protection on 'sinister' Venezuela territorial claim
Guyana seeks UN court protection on 'sinister' Venezuela territorial claim
by  AFP

Guyana has asked the UN's highest court to stop a Venezuelan referendum on whether or not to annex the oil-rich Essequibo region both South American nations lay claim to. The proposed wording for the referendum describes the border as "fraudulently imposed" in 1899 and suggests the granting of Venezuelan citizenship to the people of an annexed Essequibo.

Antitrust trial pits JetBlue against Biden administration
Antitrust trial pits JetBlue against Biden administration
by  AFP

Midsized carrier JetBlue began squaring off in court Tuesday against the US Department of Justice in a closely-watched challenge to the Biden administration's antitrust policy. In a conference call to discuss earnings, JetBlue Chief Executive Robin Hayes Tuesday defended the deal, saying the transaction could close in the first half of 2024 if the airline wins in court.

Toyota ups North Carolina EV plant investment by $8 bn
Toyota ups North Carolina EV plant investment by $8 bn
by  AFP

Toyota will significantly expand an electric battery plant in North Carolina, ramping up a bet on zero-emission vehicles in the United States, the automaker announced Tuesday. Under the expanded plan, the Toyota plant will have eight additional battery production lines added to the two previously announced.

UK govt backs down over plans to shut rail ticket offices
UK govt backs down over plans to shut rail ticket offices
by  AFP

The UK government has scrapped controversial plans to close almost all railway station ticket offices in England, following fierce criticism from disabled campaign groups, unions and passenger watchdogs. As well as groups representing disabled people, the move to retain ticket offices will likely also play well with many core older Conservative voters.