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German forecast to offer signs if ailing economy on the mend
German forecast to offer signs if ailing economy on the mend
Economy
by  AFP

The German government will present its latest growth forecasts on Wednesday as Europe's crisis-hit top economy shows tentative signs it is finally turning a corner. But slight improvements in indicators do not mean the government will make any big changes to its forecasts, with analysts still expecting tepid growth this year.

China, future HQ: New ASML boss faces bulging in-tray
China, future HQ: New ASML boss faces bulging in-tray
Technology
by  AFP

Frenchman Christophe Fouquet takes the reins of Dutch chip giant ASML on Wednesday with a daunting to-do list, top of which will be steering business with China as semiconductors become a geopolitical battleground. Fouquet is the second Frenchman to run the Dutch firm, after Eric Meurice, and trade publication Bits&Chips said his nationality could cut both ways.

Asian stocks rise on earnings optimism as US data approaches
Asian stocks rise on earnings optimism as US data approaches
Economy
by  AFP

Asian equities extended the week's gains Wednesday following a strong rally on Wall Street and another record in London, as traders cheered more upbeat earnings reports and data indicating a slowdown in US economic activity. General Electric, Spotify, and diaper and paper product brand Kimberly-Clark were among the companies posting strong gains after releasing quarterly reports.

Recycled 'zombie' misinformation targets US voters
Recycled 'zombie' misinformation targets US voters
Technology
by  AFP

Migrants, vaccines, pedophilia rings -- old conspiracy theories are resurfacing ahead of the US election despite being repeatedly debunked, in what researchers call "zombie" falsehoods that appear to resonate with polarized voters. Yet it later grew into the sprawling QAnon conspiracy movement, which gained popularity ahead of the 2020 election.

Tesla profits tumble but shares rise on new vehicle plan
Tesla profits tumble but shares rise on new vehicle plan
Economy
by  AFP

Tesla reported a big drop in quarterly profits Tuesday, pointing to elevated pressure on the electric vehicle market that has led to deep cost-cutting. Tesla is committed to "company-wide cost reduction" as part of an effort to achieve "profitable growth," it said.