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Lower rates, surging stock market fail to ignite US IPO market
Public listings on Wall Street have seen a slow comeback in 2024 despite a resilient US economy, a long-awaited interest rate cut by the central bank and stock valuations hitting record highs.
Panama Canal crossings down 29 percent due to drought
Traffic in the Panama Canal fell by 29 percent over the past year due to a severe drought linked to climate change, the canal's operator said late Tuesday. The volume of cargo shipped through the canal, which links the Atlantic and Pacific oceans, was down by 17 percent in a year to 423 million tons, the canal authority of the central American country added.
Amazon bets on nuclear power to fuel AI ambitions
Amazon announced significant investments in nuclear energy on Wednesday, joining other tech giants in aiming to meet the high electric power demands of cloud computing and artificial intelligence using atomic energy.
Israeli booths, equipment barred from defence show in France
Israeli delegations taking part in the major Euronaval defence show in France next month will not be permitted to set up any stand or exhibit hardware following a decision by the French government, organisers said on Wednesday.
Lufthansa fined 'record' $4 mn for barring Jewish passengers
US authorities have hit Lufthansa with a record $4 million penalty after finding the airline discriminated against more than 100 Jewish travelers by blocking them from boarding a flight in 2022, officials said Tuesday. Lufthansa denied boarding "to everyone for the apparent misbehavior of a few, because they were openly and visibly Jewish," DOT authorities said in a filing.
Zelensky rules out ceding Ukrainian land in Victory Plan, urges NATO invite
Zelensky rules out ceding Ukrainian land in Victory Plan, urges NATO invite
Musk's X escapes tough EU competition rules
Tech billionaire Elon Musk's X platform will not face the EU's stringent competition rules aimed at keeping digital markets open, the European Commission said on Wednesday. Although Musk has escaped the DMA's crosshairs, his X platform still faces fierce scrutiny under mammoth content moderation rules, and even the risk of a large fine.
'Age of Electricity' coming as fossil fuels set to peak: IEA
More than half of the world's electricity will be generated by low-emission sources before 2030 but the deployment of clean energy is "far from uniform" across the globe, the International Energy Agency said Wednesday.
UK inflation hits three-year low, fuelling rate-cut hopes
Britain's annual inflation rate fell to a three-year low in September, official data showed Wednesday, fuelling speculation that the Bank of England will resume cutting interest rates next month. - 'Dramatic drop' - It comes after official data on Tuesday showed an easing in Britain's unemployment rate and wage growth, which also bolstered analysts expectations of a rate cut.
AFP
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