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US third quarter GDP revised up to 3.2% with help from spending
The US economy expanded 3.2 percent in the third quarter, the Commerce Department said Thursday, in a further upward revision of data reflecting stronger consumer spending and investment than earlier estimated.
Protesters shut luxury Paris store La Samaritaine
Dozens of trade union members and disgruntled employees protested Thursday at the ultra-luxury La Samaritaine shopping store in the heart of Paris, causing managers to shut its doors. Wearing red vests with the union's emblem, they could be seen standing among the displays of luxury handbags, make up and clothing even after management shut the store in the morning.
Mining giant BHP to face £10bn damages trial in UK over Brazil dam collapse
Global mining firm BHP must stand trial in the UK to face an estimated £10 billion ($12 billion) damages claim over a deadly 2015 dam collapse in Brazil, a judge has ruled. Following several years of preliminary court hearings, judge Finola O'Farrell ruled in a judgement published Wednesday that the case must go to trial.
Amazon can be liable when sellers breach trademarks: EU court
Online retail giant Amazon can potentially be held responsible when third-party sellers on its website misuse trademarks, the European Court of Justice said on Thursday. The firm argued Amazon itself was breaching its trademark by hosting adverts for shoes from third-party sellers featuring its trademark red sole.
France fines Microsoft 60 million euros over advertising cookies
France's privacy watchdog said Thursday it has fined US tech giant Microsoft 60 million euros ($64 million) for foisting advertising cookies on users. Google and Facebook were sanctioned by the French regulator with fines of 150 million and 60 million euros respectively for similar breaches around their use of cookies.
Crypto firm Binance endures wild weeks in wake of FTX collapse
Even by the extreme standards of cryptocurrency trading, the past few weeks have been a wild ride for Binance, the world's biggest exchange for crypto assets. For Leigh Drogen of Starkiller Capital, it would be "armageddon" for short-term crypto asset prices if Binance collapsed.
Asian markets enjoy some much-needed festive cheer
Asian markets extended a Wall Street advance into Thursday as forecast-busting US earnings and consumer confidence data tempered worries about a deep recession. All three main indexes on Wall Street ended more than one percent higher, while European equities also barrelled along.
Twitter-owner Musk seeks new CEO, but casts big shadow
Twitter boss Elon Musk is looking for a new CEO, but the winner will have to live in the shadow of the mercurial billionaire, who says the platform avoided certain ruin thanks to his leadership. "The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive," Musk tweeted.
Chile's ALMA observatory resumes work after cyberattack
The ALMA telescope in the Chilean Andes has resumed operations nearly two months after shuttering due to a cyberattack, the observatory said Wednesday. "To resume science observations was our top priority following the attack," ALMA director Sean Dougherty told AFP on Wednesday.
AFP
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