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Traders struggle to recover from selloff as Fed rate fears linger
Traders struggle to recover from selloff as Fed rate fears linger
by  AFP

Asian markets fluctuated Thursday following a plunge on Wall Street as a forecast-beating US jobs report revived worries about the Federal Reserve's interest rate-hiking campaign. Data from private payrolls firm ADP showing companies created 324,000 new jobs last month -- smashing forecasts of 190,000 -- suggested the labour market remained tight.

BoE set for fresh rate hike as UK inflation stays high
BoE set for fresh rate hike as UK inflation stays high
by  AFP

The Bank of England is set to raise its key interest rate for a 14th time in a row Thursday as UK inflation stays high, adding to a cost-of-living crisis. - Highest since financial crisis - At five percent, the bank's interest rate is at the highest level since the global financial crisis in 2008.

X, the former Twitter, lets users hide once-vaunted blue check
X, the former Twitter, lets users hide once-vaunted blue check
by  AFP

Users on the social media platform X, formerly known as Twitter, will now be allowed to hide their once-prized blue check marks, the company says. A coveted status symbol at Twitter before Elon Musk bought the company, the blue checks have been mocked by some as a sign that the user is willing to pay for special treatment.

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