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Alphabet's share price plunges on traffic drop testimony
Alphabet's share price plunges on traffic drop testimony
Economy
by  AFP

Shares in Google parent Alphabet plunged more than seven percent on Wednesday after an Apple executive told a federal court that the search engine's traffic fell on Apple products last month. Cue told the court this would have a significant impact on Apple's ability to invest in new products and services. arp/dw

South Africa launches reform of derelict municipalities
South Africa launches reform of derelict municipalities
Economy
by  AFP

South African President Cyril Ramaphosa unveiled Wednesday a plan to revive South Africa's flagging local governments, weeks after publicly criticising the state of the financial capital Johannesburg as it prepares to host the G20 summit in November.

EU trade chief says accelerating free trade talks with Asia
EU trade chief says accelerating free trade talks with Asia
Economy
by  AFP

The European Union is accelerating free trade talks with Asia following hefty tariffs by US President Donald Trump, the bloc's trade chief said Wednesday. He was speaking in Singapore after signing a digital trade agreement between the EU and the city-state on Wednesday.