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Asian markets mixed after Wall St drop, Shanghai dips before briefing
Most Asian markets were mixed Friday as investors digested disappointing US inflation data that further dampened expectations for another bumper interest rate cut next month. Tokyo ended the morning on the front foot thanks to a weaker yen as investors scale back expectations for US rate cuts, while Singapore, Seoul, Wellington, Taipei and Jakarta also edged up.
Automaker Stellantis says CEO will retire in 2026
The struggling auto giant Stellantis said late Thursday that its CEO Carlos Tavares will retire in 2026 when his contract runs out and it is now looking for a successor. At the same time, he said he might retire in January 2026.
Internet Archive reels from 'catastrophic' cyberattack, data breach
The Internet Archive, an online repository of web pages, was offline Thursday after its founder confirmed a major cyberattack that exposed the data of millions of users and left the site defaced. It operates a web archive called the Wayback Machine, which has captured snapshots of millions of internet pages.
Panama lashes out at EU over tax haven 'outrage'
Panama on Thursday lashed out at the European Union for keeping the country on its tax haven blacklist despite its efforts to crack down on tax evasion. The Caribbean island of Antigua and Barbuda was removed from the list, which was created in 2017, a year after the Panama Papers scandal, to crack down on tax evasion.
TD Bank to pay more than $3 bn to US in money-laundering case
Canada's TD Bank has agreed to pay more than $3 billion in penalties for failing to adequately monitor money laundering by drug cartels, US officials said Thursday. Garland said that between January 2014 and October 2023, TD Bank failed to monitor $18.3 trillion in customer activity, allowing three money laundering networks to transfer over $670 million through TD Bank accounts.
Over 200 women in legal talks with Harrods over Fayed abuse claims
More than 200 women are now in settlement talks with Harrods over alleged abuse by its former owner Mohamed Al Fayed, the upmarket London department store said Thursday. Separately, the BBC said Thursday that another 65 women had told them they were abused by Fayed, while lawyers for the Justice for Harrods Survivors group representing alleged victims said they now have more than 70 clients.
Musk finally unveiling his long-promised robotaxi
Elon Musk has been promising a car that can drive itself for years, pledging a series of reveals that never materialized. As many car makers have found, self-driving is tricky.
US consumer inflation eases to 2.4% in September
US consumer inflation cooled slightly less than expected last month, according to government data published Thursday, providing further evidence that price pressures are easing ahead of November's presidential election.
New French government faces key test with budget plan
New French Prime Minister Michel Barnier faces a major test Thursday as he presents a deficit-slashing budget to his cabinet before submitting it to a largely hostile parliament. If the opposition parties in parliament come out against the budget draft law, the government has the option of forcing it through without a vote under article 49.3 of the French constitution.
AFP
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