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Bitcoin rockets past $93,000 mark

Photo Credit: Pixabay LONDON — Bitcoin struck a record high above $93,000 on Wednesday as the world’s biggest cryptocurrency benefits from President-elect Donald Trump’s pledge to ease regulation around digital tokens. The volatile asset has rocketed more than 30 percent in value since Trump won last week’s US presidential election, …

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TikTok makes AI driven ad tool available globally

SAN FRANCISCO, California — TikTok on Thursday began letting all marketers on its platform use an artificial intelligence-powered tool for generating marketing clips, becoming the latest platform to let advertisers tap into the technology. The news came with word that “We aim to empower advertisers and help them connect with …

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Japan planning $87B for stimulus package

TOKYO — The Japanese government is making arrangements to compile a supplementary budget of about 13.5 trillion yen ($87 billion) to fund a stimulus package to help low-income households and offset rising prices, media reported. Under the plan, the government would provide 30,000 yen ($193) to low-income households that are …

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IMF, World Bank chiefs vow to work with Trump

International Monetary Fund Managing Director Kristalina Georgieva/Reuters THE heads of the World Bank and International Monetary Fund (IMF) on Tuesday said they would work with the incoming US president, Republican Donald Trump, underscoring the importance of private sector funding for developing countries hit by climate change. IMF chief Kristalina Georgieva …

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Japan’s wholesale inflation jumps in Oct

A passerby walks past a retail shop displaying ‘SALE’ banners in Tokyo, Japan February 15, 2024/Reuters TOKYO — Japan’s wholesale inflation accelerated in October as renewed yen falls pushed up import costs for some goods, data showed on Wednesday, complicating the central bank’s decision on how soon to raise interest …

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Bitcoin rally nears $90,000 plateau

Photo Credit: The Economic Times SINGAPORE — Bitcoin stood on the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as US president on expectations his administration will be crypto-friendly. The world’s biggest cryptocurrency has become one of the most eye-catching movers in …

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Boeing reaches MAX crash settlement

NEW YORK — Beleaguered aviation giant Boeing reached a last-minute settlement on Monday with the family of a woman killed in the crash of a 737 MAX jetliner in 2019, averting a federal civil trial. Three sources close to the case told Agence France-Presse (AFP) that a settlement had been …

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Grab raises annual revenue forecast

Grab shares jumped by more than 10% after it increased its annual revenue forecast. (PHOTO: Grab Singapore)  SINGAPORE’S Grab Holdings raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing businesses during the busy holiday season. …

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Watsons opens Asia’s 8,000th store

Watsons, Asia’s No.1 health and beauty brand, supercharges the growth by opening its remarkable 8,000th store in Asia on November 7. Located at SM Mall of Asia, the new store highlights Watsons’ unwavering commitment to enhancing O+O (Offline plus Online) customer experience. “The reason why we selected the Philippines to …

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