Business

Asian markets trade mixed amid recession fears;  China to release trade data

Asian markets trade mixed amid recession fears; Chinese trade data falls short of expectations

China’s exports and imports fall more than expected China’s dollar-denominated exports fell 8.7% in November on an annualized basis, down more than expected from a 3.5% drop, analysts said in a Reuters poll. U.S. dollar imports also fell 10.6% for the month from a year ago, beating the drop of 6% expected in a separate …

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Crypto will be regulated as securities - ICE boss and Senator Warren

Crypto will be regulated as securities – ICE boss and Senator Warren

Most cryptocurrencies are likely to be regulated as securities in the United States according to Intercontinental Exchange Inc (ICE) CEO Jeffrey Sprecher and Senator Elizabeth Warren. The renewed focus on regulating cryptocurrencies as securities comes in light of the recent FTX implosion, which wiped countless billions from the market, sent consumer funds into limbo and …

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Tim Cook and President Biden came to Arizona to announce US-made chip plans

Tim Cook and President Biden came to Arizona to announce US-made chip plans

Apple plans to start using American-made processors after opening a new state-of-the-art chip factory in Phoenix, Arizona. For factory customers, which also include AMD and NVIDIA, the new facility means more secure chip supply and faster production times. Chipmaker TSMC also said today that it will begin construction of a second factory in Phoenix next …

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Asian markets trade mixed amid recession fears;  China to release trade data

Asian markets trade mixed amid recession fears; China to release trade data

China expects further drop in exports and imports China’s trade data for November is expected to show a further decline in both exports and imports, according to a Reuters poll of economists. Exports are expected to fall 3.5% in November on an annualized basis after falling 0.3% in October, and imports are expected to fall …

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SF officials investigate allegedly illegal rooms at Twitter headquarters, as Elon Musk slams Mayor Breed

SF officials investigate allegedly illegal rooms at Twitter headquarters, as Elon Musk slams Mayor Breed

San Francisco officials are investigating a complaint alleging that Twitter illegally converted part of its headquarters into bedrooms. The complaint was dropped off at the city’s 311 service by a user on the social media network itself, after Forbes reported that some conference rooms had been converted into “modest rooms with unmade mattresses, drab curtains …

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This privacy ruling against Facebook and Insta could put an end to targeted ads

This privacy ruling against Facebook and Insta could put an end to targeted ads

Photo: Sergey Yelagin (Shutterstock) European Union privacy regulators have ruled that Meta, the parent company of Facebook and Instagram, cannot donate up data for targeted advertising condition of membership in social networksaccording to information published on Tuesday in the the wall street journal and Reuters. The decision threatens to upend the social media giant’s business …

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Apple to charge less than $100,000 for Apple Car, slated for 2026 launch

Apple to charge less than $100,000 for Apple Car, slated for 2026 launch

Apple aims to launch a consumer-focused Apple-branded vehicle by 2026, and its goal is to price the car below $100,000 to appeal to a wider range of customers, reports Bloomberg. Apple originally planned to design a car that might resemble Canoo’s Lifestyle vehicle, where passengers could face each other in a limo-style car without a …

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Renewables will overtake coal by early 2025, Energy Agency says

Renewables will overtake coal by early 2025, Energy Agency says

Globally, the growth of renewable energy capacity is expected to double by 2027, adding as much renewable energy in the next five years as in the past two decades, the International Energy Agency announced on Tuesday. ‘energy. Renewables are on track to overtake coal as the main source of electricity generation by early 2025, the …

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S&P posts fourth straight decline as recession talk weighs on Wall Street

S&P posts fourth straight decline as recession talk weighs on Wall Street

Meta stumbles upon EU concern report over targeted ads Energy stocks fall as crude trades at lowest level since January Indices down: Dow 1.03%, S&P 1.44%, Nasdaq 2% Dec 6 (Reuters) – Wall Street ended lower on Tuesday, with the S&P 500 extending its losing streak to four sessions, as jittery investors worried about Federal …

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Apple Announces Biggest App Store Price Upgrade, Adding 700 New Price Tiers

Apple Announces Biggest App Store Price Upgrade, Adding 700 New Price Tiers

December 6, 2022 PRESS RELEASE Apple Announces Biggest App Store Price Upgrade, Adding 700 New Price Tiers Developers will also get new flexibility to manage pricing globally CUPERTINO, CALIFORNIA Apple today announced the most comprehensive upgrade to pricing capabilities since the launch of the App Store, giving developers 700 additional pricing tiers and new pricing …

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