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Asian markets rise again on recovery hope as inflation data looms
Asian equities pushed higher Wednesday as investors were buoyed by China's reopening and optimism that key data due this week will signal a further slowdown in US inflation. "Although we are not pitching a tent in that camp just yet, many investors are starting to believe China's reopening could be faster than expected on pent-up demand, a robust economic rebound and fewer supply constraints."
Meta bans ads targeted at teens based on gender
Meta, owner of Instagram and Facebook, on Tuesday said it will stop allowing advertisers to target ads at teens based on gender, as it fights accusations that its platforms are harmful to young users.
Airbus books 820 net plane orders, highest since 2017
Airbus said Tuesday that it booked 820 net plane orders last year, a sharp jump from the previous year and its highest level of sales since 2017. It booked a net 516 orders for A320 planes last year, up from 483 the year before.
France pushes forward with plan to speed up renewables
French MPs on Tuesday moved ahead with a law to accelerate the deployment of renewable energy, as the country's nuclear plants suffer a maintenance crisis and Russia's invasion of Ukraine drives up energy costs. Russia's invasion of Ukraine at the same time as the nuclear power crisis has upped the pressure to boost alternative sources of energy.
Record cocaine seizures in Antwerp as Belgium battles drug gangs
Cocaine seizures at the port of Antwerp, the main gateway for illegal drugs into Europe, hit a new record last year, as Belgian and Dutch authorities face off against violent international gangs.
Canadian mining giant says nearing deal on huge Panama pit
The Canadian mining giant First Quantum Minerals said Tuesday it is close to an agreement with Panama to avert the closure of Central America's largest copper mine. First Quantum, one of the largest copper miners in the world, began commercial copper production at the site in 2019, through its local affiliate, Minera Panama.
Airbus tops Boeing in 2022 plane orders and deliveries
Airbus consolidated its leadership in civil aviation for 2022 on Tuesday, reporting more orders and deliveries than American archrival Boeing as both companies contend with lingering supply chain challenges. - Engine trouble - At Airbus, deliveries rose eight percent from the 2021 level, but lagged the company's earlier targets due to lingering supply chain problems.
EU tells TikTok chief to respect data privacy laws
The European Union warned online giant TikTok on Tuesday to respect EU law and ensure the safety of European users' data, as the video-sharing app's CEO met with top officials in Brussels.
Fed official sees chance to lower inflation without major downturn
US unemployment has stayed low despite rising interest rates and easing inflation, representing a "hopeful sign" that consumer prices can come down without a significant downturn, a Federal Reserve official said Tuesday. "I take this as a hopeful sign that we can succeed in lowering inflation without a significant economic downturn," she added.
AFP
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