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Asia tracks Wall St lower as traders pause Fed-fuelled rally
Asia tracks Wall St lower as traders pause Fed-fuelled rally
Economy
by  AFP

Asian equities sank Wednesday as traders take a breather from a global rally that has been fuelled by expectations the Federal Reserve will cut interest rates next month. And while traders are taking a step back for now, observers are optimistic that with more rate reductions on the way, equities have further to go.

Australia approves world's 'largest' solar hub
Australia approves world's 'largest' solar hub
Economy
by  AFP

Australia on Wednesday approved plans for a massive solar and battery farm that would export energy to Singapore, a project dubbed the "largest solar precinct in the world". "It will be the largest solar precinct in the world –- and heralds Australia as the world leader in green energy," said Environment Minister Tanya Plibersek.

Privacy lawsuit over Chrome 'Sync' feature gets new life
Privacy lawsuit over Chrome 'Sync' feature gets new life
Technology
by  AFP

A federal appeals court on Tuesday breathed new life into a lawsuit by Chrome users who say Google gathered data even though they did not "Sync" to their accounts. The appeals court also pointed out that Google did not deny collecting the users' data; instead, the company only said the users had agreed to the company's privacy policy. gc/jgc

Boeing suspends 777X flight tests after part failure
Boeing suspends 777X flight tests after part failure
Economy
by  AFP

Boeing has suspended flight testing of its new 777X wide-body jet after identifying the failure of a part connecting the engine to the body of the aircraft, the manufacturer told AFP on Tuesday. The part that brought about the suspension of flight testing is custom to the 777-9 model, and connects the engine to the aircraft structure, Boeing said.