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Sales of US existing homes slip slightly in August
Sales of previously owned US homes fell in August, according to industry data released Thursday, but lower mortgage rates and growing supply were likely to boost the industry. Compared with a year ago, NAR data showed that existing home sales were 4.2 percent down in August.
US Fed rate cut is 'very positive sign' for economy: Yellen
The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday. Her comments came after Republican presidential nominee Donald Trump charged Wednesday that the Fed's decision was either a response to a "very bad" economy, or it had been "playing politics."
Brazil judge orders X to reimpose block or face hefty fine
Brazil's Supreme Court on Thursday ordered Elon Musk's X to suspend access to the social network, after service was restored despite a ban, or face a daily fine of over $900,000.
Bank of England freezes rate after jumbo US cut
The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve.
Coming winter 'sternest test yet' for Ukraine energy grid
The coming winter will prove the "sternest test yet" for Ukraine's energy grid, the International Energy Agency said on Thursday, as the EU announced additional aid to help the country weather Russia's attacks on its power infrastructure. But this winter will be, by far, its sternest test yet," the agency's executive director Birol said in a news release accompanying the report.
Late Harrods owner Al-Fayed accused of rape: BBC
Multiple women have accused Egyptian billionaire Mohamed Al-Fayed, the former owner of upmarket London department store Harrods where they worked, of rape and sexual assault, the BBC said on Thursday. Fayed had previously been accused of sexually assaulting and groping multiple women but a 2015 police investigation into a rape allegation did not lead to any charges.
Meta and Spotify blast EU decisions on AI
A group of companies including Meta and Spotify blasted the European Union Thursday for its "fragmented and inconsistent" decision-making on data privacy and artificial intelligence (AI).
Hong Kong probe finds Cathay Airbus defect could cause 'extensive' damage
The engine defect in the Airbus A350 plane that led to the cancellation of dozens of Cathay Pacific flights in early September could have escalated into "extensive damage", according to a Hong Kong probe released Thursday. Hong Kong-based Cathay Pacific briefly grounded its fleet of A350s for inspections and repairs after a Zurich-bound plane was forced to turn back to Hong Kong on September 2.
AI development cannot be left to market whim, UN experts warn
The development of artificial intelligence should not be guided by market forces alone, UN experts cautioned on Thursday, calling for the creation of tools for global cooperation. - To the backdrop of his clarion call, the experts called on UN members to put in place mechanisms to grease the wheels of global cooperation on the issue, as well as to prevent unintended proliferation.
AFP
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