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Asian equities, oil prices dragged by recession fears
Asian equities, oil prices dragged by recession fears
Business and Economy
by  AFP

Asian investors extended a sell-off across global markets Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession. JPMorgan Chase chief Jamie Dimon tipped a "mild to hard recession" and Goldman Sachs' David Solomon said jobs and pay would be hit, while Morgan Stanley and Bank of America were also uneasy about the outlook.

Apple loosens tight grip on App Store pricing
Apple loosens tight grip on App Store pricing
Business and Economy
by  AFP

Apple on Tuesday announced the biggest upgrade to the App Store pricing system since the launch of the shop, allowing developers to charge from 29 cents to $10,000 for their offerings. Under the updated pricing system, developers will be able to choose from 900 price points, which is nearly 10 times the number of pricing options previously available for app makers, Apple said.

Hungary scraps petrol price caps amid fuel shortage
Hungary scraps petrol price caps amid fuel shortage
Business and Economy
by  AFP

Hungary on Tuesday abolished petrol price caps after a fuel shortage led to "panic buying" at petrol stations with Hungarian energy giant MOL blaming the price limits. The government-mandated price cap on vehicle fuel products has led foreign firms to cut fuel shipments to Hungary, according to the Association of Independent Petrol Stations.

'Avatar 2' gets world premiere in London
'Avatar 2' gets world premiere in London
Business and Economy
by  AFP

One of the most delayed sequels in blockbuster history finally hit the big screen on Tuesday as "Avatar: The Way of Water" got its much-anticipated world premiere in London. But Cameron added he was confident that the sequel to his 2009 blockbuster delivers.

Meta expected to face new fines after EU privacy ruling
Meta expected to face new fines after EU privacy ruling
Business and Economy
by  AFP

Meta is expected to face another large fine after Europe's data watchdog on Tuesday imposed binding decisions concerning the treatment of personal data by the owner of Facebook, Instagram and WhatsApp. Previous interventions by the EDPS have led to large fines on tech platforms, including a 405-million-euro fine on Instagram in September over a breach in the handling of children's data.