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Asian stocks mixed as tech sector struggles to rebound from selloff

Asian stocks were mixed Monday as investors struggled to recover from last week's tough run fuelled by disappointing earnings from tech titans, while eyes were also turning to the United States ahead of crucial midterm elections.

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Markets rally, dollar dips as US data tempers rate fears

Asian markets rallied Tuesday and the dollar eased after weak US factory data sparked optimism that a series of big interest rate hikes were taking their toll, allowing the Federal Reserve to ease its foot off the pedal.

Australia hikes rates less than forecast, boosting stocks

Australia raised interest rates less than expected Tuesday, boosting stocks and dragging the local dollar lower, as officials grow concerned about a slowing global economy sparked by rising borrowing costs and surging prices.

How China's civil society collapsed under Xi

Human rights activist Charles remembers a time when civil society was blossoming in China, and he could dedicate his time to helping improve the lives of people struggling in blue-collar jobs.

Why crypto's big 'merge' is causing big headaches

The biggest software upgrade in the short history of crypto has fulfilled its promise to wipe out more than 99 percent of the electricity used by the second-biggest cryptocurrency, experts have told AFP.

As Iraq concrete jungle swelters, ancient stone houses stay cool

As the sun beats down on Iraq, most people swelter in their concrete homes -- but not the inhabitants of one mountain town known for its ancient and cool stone houses.

Twitter Blue subscribers getting edit feature

Twitter on Monday said a feature to edit tweets is being rolled out to those subscribing to its Blue service in Australia, Canada and New Zealand.

US auto sales remain slow in third quarter

Automakers saw lackluster US sales in the third quarter, as manufacturers continued to grapple with supply constraints, according to reports from the companies Monday.

More data needed to tackle systemic racism by police: UN experts

A dearth of data in many countries on the race and ethnicity of people arrested or killed by police presents a major barrier to tackling systemic racism, UN investigators warned Monday.

US 'broad-based' inflation will take time to come down: Fed official

While there are some signs that global and domestic inflation pressures are easing, high prices have spread, making it harder to quell quickly, a top US central banker said Monday.

Concerns over Credit Suisse viability surge as shares dive

Credit Suisse shares plunged to new lows Monday, spurring swelling fears and even suggestions the bank could face a "Lehman Brothers moment", despite expert assurances it is too big to fail.

UK govt vows reform despite U-turn on tax cut for the rich

Britain's under-fire finance minister Kwasi Kwarteng on Monday vowed to press on with his controversial economic reform plans, despite announcing a dramatic U-turn on a controversial tax cut for high earners.

France 'ready' for winter as Macron adopts polo neck trend

French Prime Minister Elisabeth Borne said Monday that the country was "ready" for the winter despite gas shortages in Europe -- providing consumers made efforts to reduce their energy consumption.

Turkey and Libya sign maritime hydrocarbons deal

Turkey's foreign minister signed a deal in Libya's capital Monday allowing for oil and gas exploration in Libya's Mediterranean waters, three years after a maritime border deal that angered European nations.

Vodafone, Hutchison in talks to merge UK ops

Vodafone on Monday confirmed it was in talks over merging its UK operations with rival Three UK, owned by Hong Kong-based CK Hutchison.

US manufacturing growth slows to lowest since 2020: survey

US manufacturing growth slowed in September to its weakest pace in more than two years amid a decline in orders, as well as easing price pressures, according to an industry survey released Monday.

Kim Kardashian pays $1.26 mn for unlawful crypto promo

US reality star Kim Kardashian has agreed to pay a $1.26 million fine after unlawfully pushing a cryptocurrency on Instagram without revealing that she was paid to do so, the Securities and Exchange Commission announced Monday.

UK's new Tory govt in major U-turn over tax cut for wealthy after uproar

Britain's under-fire Conservative government on Monday announced a dramatic U-turn on a controversial tax cut for high-earners, part of a debt-driven economic package that has bombed with the markets, electorate and much of the ruling party.

OPEC+ tipped to make big cut in oil output

Major oil-producing nations led by Saudi Arabia and Russia are expected to make this week their biggest output cut since the start of the Covid pandemic in efforts to buttress prices.

UK economy not out of woods despite tax U-turn

Britain's debt-fuelled economy remains threatened by recession and the pound mired by trouble despite the government of new Prime Minister Liz Truss performing a swift tax U-turn.

Paris abandons controversial re-landscaping around Eiffel Tower

The Paris mayor's office has abandoned plans for new buildings around the foot of the Eiffel Tower following months of protests from environmentalists and a petition signed by nearly 150,000 people.

UK's new govt in major tax U-turn after uproar

Britain's beleaguered finance minister on Monday announced a dramatic U-turn on a tax cut unveiled as part of an economic package that has bombed with the markets, electorate and his party.

Markets drop as traders eye jobs and earnings, oil jumps

Stocks slipped on Monday as investors await key US jobs data, while girding themselves for a corporate earnings season many fear will highlight the impact of surging inflation and interest rates.

UK's new govt makes major tax U-turn after uproar

Britain's beleaguered finance minister on Monday announced a dramatic U-turn on a tax cut announced as part of an economic package that has bombed with the markets, electorate and his party.

Tesla says deliveries increased in Q3

New vehicle deliveries by Tesla increased in the third quarter, beating the previous three months during which its Chinese factory was shuttered for multiple weeks, the US electric automaker announced Sunday.

Paramount's gruesome 'Smile' tops N.America box office

New psychological horror film "Smile" has Paramount executives beaming after topping the North American box office with an estimated $22 million in weekend ticket sales, industry watcher Exhibitor Relations reported Sunday.

Poll puts Bulgaria ex-PM Borisov back on top but short of allies

Exit polls indicated the party of conservative former premier Boyko Borisov has come first in Bulgaria's general election Sunday, the country's fourth in 18 months, held amid mounting anxiety over soaring inflation and the impact of the Ukraine war.

Fall of Ukraine rail hub threatens Russian war gains

As Russian troops retreat after losing the key Ukrainian town of Lyman they need to set up a new frontline to protect their dwindling gains -- but one key supply route has already been cut off.

Hundreds protest in Turkey in support of Iranian women

Hundreds of protesters took to the streets in Turkey on Sunday to condemn Iran's crackdown on women-led demonstrations sparked by a young woman's death after her arrest by the country's notorious morality police.

UK's PM faces TV inquisition ahead of tense Tory conference

After a week of market turmoil, dismal headlines and disastrous polls, British Prime Minister Liz Truss faces a TV grilling Sunday at the start of her restive Conservative party's annual conference.

No Terminator: Musk teases 'useful' humanoid robot

Elon Musk on Friday showed off the latest version of a humanoid robot that the world's richest man said could one day eliminate poverty.

US suicide rate rose in 2021 after falling for two years

The US suicide rate rose in 2021, particularly among young men, according to official data out Friday -- an increase that ends a two-year-decline.

Cyberattack reveals Mexico president's health scare

Hackers have stolen sensitive Mexican files including previously undisclosed information that President Andres Manuel Lopez Obrador was taken to hospital by air ambulance in January with a heart problem, the government said Friday.

The China Mail - Economy (English)