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China's Tencent reports jump in Q2 income, misses revenue expectations
China's Tencent reports jump in Q2 income, misses revenue expectations
Chinese internet giant Tencent announced on Wednesday a 41 percent year-on-year jump in second-quarter net income, but missed...
2023-08-16 18:47
With a Gallic shrug, Fed bids adieu to the recession that wasn't
With a Gallic shrug, Fed bids adieu to the recession that wasn't
By Howard Schneider and Indradip Ghosh WASHINGTON Blame it on economic theory not matching reality, groupthink among forecasters
2023-08-16 18:22
Kenya's debt rises to historic high: treasury
Kenya's debt rises to historic high: treasury
Kenya's debt level has reached record highs despite President William Ruto's vow to tame the country's appetite for...
2023-08-16 18:20
Cargo ship exits Ukraine port despite threat from Russian navy
Cargo ship exits Ukraine port despite threat from Russian navy
Kyiv announced Wednesday a cargo vessel had exited its southern port of Odesa along a new maritime corridor, despite an earlier warning from Russia it could...
2023-08-16 18:18
Fed meeting minutes could hint at end of rate hikes
Fed meeting minutes could hint at end of rate hikes
By Howard Schneider WASHINGTON The minutes of the Federal Reserve's policy meeting last month may indicate on Wednesday
2023-08-16 18:16
Futures edge up as focus shifts to Fed meeting minutes
Futures edge up as focus shifts to Fed meeting minutes
U.S. stock index futures ticked higher on Wednesday as investors awaited minutes from the Federal Reserve's July policy
2023-08-16 17:46
Vietnam's VinFast targets US electric car market
Vietnam's VinFast targets US electric car market
Vietnamese electric vehicle maker VinFast has made its debut on the Nasdaq, and its shares soared to push its stock market valuation past Ford and General Motors...
2023-08-16 17:28
One year on, Biden still needs to explain his signature clean energy legislation
One year on, Biden still needs to explain his signature clean energy legislation
By Jarrett Renshaw U.S. President Joe Biden on Wednesday marks the first anniversary of signing his signature clean
2023-08-16 17:21
UK annual inflation drops to 15-month low
UK annual inflation drops to 15-month low
Britain's annual inflation rate dropped sharply in July to a 15-month low, official data revealed Wednesday, off the back of lower energy prices and...
2023-08-16 16:19
Hong Kong exchange posts 31% rise in H1 profit despite IPO malaise
Hong Kong exchange posts 31% rise in H1 profit despite IPO malaise
Hong Kong's stock exchange operator reported a "strong" first-half net profit of HK$6.31 billion ($807 million) on Wednesday, up 31 percent on the same period last year despite IPO...
2023-08-16 15:16
Twitter is turning Tweetdeck into paid service after slowing down access to rival sites
Twitter is turning Tweetdeck into paid service after slowing down access to rival sites
Twitter, rebranded as X, is now officially turning Tweetdeck into a paid service and placing it behind a paywall, after slowing down access to rival social media platforms including Meta’s Threads and Facebook. Tweetdeck, which was also rebranded recently to “X Pro”, now requires a Blue subscription to access it. The latest change follows Twitter’s announcement in July that users must be “verified” to access TweetDeck. Non-subscribing users visiting Tweetdeck’s website are now being redirected to a page promoting signup to Twitter’s premium service. Tweetdeck, which allows users to access different accounts and multiple custom feeds, was one of the most popular Twitter third-party apps, and was acquired by the social media company in 2011. Twitter has tried to make its premium subscription more enticing to users with added features like ad revenue sharing, formatting, and higher rankings in conversations. Now it appears the social media company, rebranded as X, is hoping the addition of XPro to this list of added features would attract more premium subscribers. On Tuesday, X also appeared to slow down the loading times of some of the platform’s competitors such as Meta’s Facebook, Instagram, and Threads as well as Substack and news media sites posted to X. Links posted to X from some websites were taking about five seconds longer than usual to load on Tuesday, but the platform began reversing some of the changes restricting quick view of news sites. Meta chief Mark Zuckerberg reacted to a post on the issue with a “thinking face emoji”. “Substack was created in direct response to this kind of behaviour by social media companies,” the company’s founders, Chris Best, Hamish McKenzie and Jairaj Sethi, said in a statement. This is not the first time X, formerly Twitter, has taken decisions to restrict access to rival websites. In December, X-owner Elon Musk announced he would ban “free promotion” of other social media services, and also suspend accounts encouraging users to move to other platforms. This announcement came as the platform’s rival Mastodon was growing in popularity, partly due to users’ discontent with changes made by the Tesla titan to Twitter since his takeover of the company. “We will no longer allow free promotion of certain social media platforms on Twitter,” Mr Musk said before the company decided to reverse its decision. Read More Mark Zuckerberg hits out at Elon Musk for wasting time over cage fight: ‘It’s time to move on’ Move fast and beat Musk: The inside story of how Meta built Threads Elon Musk says he may need surgery before proposed 'cage match' with Mark Zuckerberg Mark Zuckerberg hits out at Elon Musk for wasting time over cage fight Elon Musk reveals more dramatic details of fight against Mark Zuckerberg Mark Zuckerberg reveals his 4,000 calorie diet and large McDonald’s order
2023-08-16 13:25
Asian markets fall on China woes, US rate concerns
Asian markets fall on China woes, US rate concerns
Asian markets fell Wednesday on concerns about the Chinese economy and after stronger-than-expected US retail sales data increased the likelihood of...
2023-08-16 11:56
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