
Hungary’s Recession Drags On as Eastern EU Economies Struggle
Hungary unexpectedly plunged deeper into recession for the longest economic contraction in at least 28 years as the
2023-08-16 14:49

Tesla Cuts China Prices For the Second Time in Three Days
Tesla Inc. made its second round of price cuts in China this week, further fueling concerns of reigniting
2023-08-16 14:24

Vietnam's VinFast faces stern EV sales test to retain eye-popping valuation
By Phuong Nguyen and Francesco Guarascio HANOI Vietnam's EV champion VinFast has managed to sell Wall Street on
2023-08-16 14:22

UK Inflation Falls Less Than Expected as Transport Costs Rise
UK inflation remained higher than expected last month, adding to the case for the Bank of England to
2023-08-16 14:22

UK inflation rate slows to 6.8% in July
LONDON British annual consumer price inflation slowed to 6.8% in July, figures from the Office for National Statistics
2023-08-16 14:21

PSG’s Abdou Diallo Joins Qatar’s Al-Arabi as Gulf Football Signings Multiply
Paris Saint-Germain said defender Abdou Diallo is joining Qatari club Al-Arabi, adding to a rush of transfers to
2023-08-16 14:20

Germany's Cabinet is set to approve a plan to liberalize rules on cannabis possession and sale
Germany’s Cabinet is set to approve a plan to liberalize rules on cannabis, setting the scene for the European Union’s most populous member to decriminalize possession of limited amounts and allow members of “cannabis clubs” to buy the substance for recreational purposes
2023-08-16 14:15

Temasek Weighs $2 Billion Pavilion Energy Asset Sale, Sources Say
Singapore’s Temasek Holdings Pte is considering selling some of Pavilion Energy Pte’s assets and seeking a valuation of
2023-08-16 13:59

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 13:24

Analysis-Higher-for-longer rates regime pressures US recession trades
By Davide Barbuscia NEW YORK Bond investors who had positioned portfolios defensively in anticipation of a U.S. recession
2023-08-16 13:18

Apple Supplier Foxconn Begins iPhone 15 Production in India
Apple Inc.’s next-generation iPhone 15 is beginning production in Tamil Nadu, in an effort to further narrow the
2023-08-16 12:52

Marketmind: Stock markets tense as China gloom builds
A look at the day ahead in European and global markets from Brigid Riley China's new home prices fell in
2023-08-16 12:51