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Twitter suspends account tracking Elon Musk's jet
A Twitter account that tracked flights of Elon Musk's private jet put out word Wednesday that it was suspended by the platform despite the billionaire's talk of free speech. Musk's jet "flew from LA to Austin last night after my account was suspended on Twitter," he said in an Instagram post Wednesday.
EU vows investment in push to boost SE Asia ties
The EU vowed billions of dollars of investment in southeast Asia Wednesday, as leaders looked to bolster ties at a summit in the face of the Ukraine war and challenges from China. EU nations are pushing to diversify key supply chains away from China as the war in Ukraine has highlighted Europe's vulnerabilities.
HSBC bank says to stop funding new oil and gas fields
Banking giant HSBC on Wednesday said it would end financing for new oil and gas fields, a decision welcomed by environmentalists who nevertheless urged greater action from banks and government.
Microsoft seeks to bring internet to millions in Africa by satellite
Microsoft announced plans Wednesday to bring internet access via satellite to 10 million people, half of them in Africa, as part of efforts to bridge a digital divide with the developing world. The latest effort is part of Microsoft's Airband Initiative, which aims to provide internet access to 250 million people, 100 million of them in Africa, by the end of 2025.
Zara owner's profits rise despite inflation
Zara owner Inditex reported Wednesday a jump in profits in the third quarter of its fiscal year despite soaring inflation and the war in Ukraine impacting business costs. The company has seen manufacturing and transport costs rise, along with other businesses impacted by supply chain bottlenecks after Covid lockdowns and Russia's invasion of Ukraine.
Istanbul mayor's 'insult' trial resumes ahead of elections
Istanbul's popular opposition mayor faced new hearings Wednesday in a politically-charged trial that could bar him from seeking office months before next year's general election. Prosecutors have charged the mayor with the crime of "insulting" public officials.
Asian markets extend US rally after inflation boost, eyes on Fed
Asian markets rose Wednesday and the dollar struggled to recover as investors welcomed softer-than-expected US inflation data that could allow the Federal Reserve to slow down its pace of interest rate hikes.
US Fed expected to slow pace of rate hikes as inflation eases
US central bankers open the second day of a key policy meeting Wednesday, with mounting anticipation of a smaller hike to its benchmark lending rate as inflation showed signs of easing. Analysts widely expect the Fed to adopt a smaller, half-point hike on Wednesday, with Ian Shepherdson of Pantheon Macroeconomics calling it a "a done deal" in an analysis.
Confidence falls among Japan's major manufacturers
Business confidence fell slightly among Japan's largest manufacturers for the fourth straight quarter, a closely watched Bank of Japan survey showed Wednesday. Among large non-manufacturers, business confidence improved to 19 from a previous reading of 14, the Tankan showed.
AFP
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