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Shein, Temu branch further into toy market amid worry over fake products
NEW YORK, Nov 29 (Reuters) - Fast-growing specialty e-commerce sites such as PDD's (PDD.O), opens new tab Temu and its rival Shein are branching deeper into the business of selling toys as many American and European shoppers prepare to seek out steep bargains during the Black Friday weekend.Reuters
Fri, Nov 29
Australian social media ban started with call to act by politician's wife
SYDNEY, Nov 29 (Reuters) - Since Meta (META.O), opens new tab whistleblower Frances Haugen aired internal emails in 2021 showing the tech giant knew of social media's mental health impacts on teenagers, world leaders have agonised over how to curb the technology's addictive pull on young minds.
Reuters
Fri, Nov 29
Vancouver Mayor Pushes Bitcoin As Reserve Asset In Bold Financial Plan
Vancouver is the latest city to join the discussions on adding Bitcoin to the government’s financial reserves. At a city council meeting on November 26th, Mayor Ken Sim submitted his notice of motion, where he plans to introduce his proposed Bitcoin bill on December 11th.
Bitcoinist
Fri, Nov 29
'I will still use it' vows youth, as Australia's under-16 social media ban sparks anger and relief
SYDNEY, Nov 29 (Reuters) - Australians reacted on Friday with a mixture of anger and relief to a social media ban on children under 16 that the government says is world-leading, but which tech giants like TikTok argue could push young people to "darker corners of the internet".
Reuters
Fri, Nov 29
Oil prices mixed amid accusations of breaches to Israel-Hezbollah ceasefire
BEIJING, Nov 29 (Reuters) - Oil prices were mixed on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as a delay to an OPEC+ meeting left investors awaiting a decision on its output policy.Reuters
Fri, Nov 29
Core inflation in Japan's capital perks up, yen jumps on rate hike bets
TOKYO, Nov 29 (Reuters) - Core consumer inflation in Japan's capital accelerated in November and stayed above the central bank's 2% target, data showed on Friday, as price pressures broadened, keeping alive market expectations for a near-term interest rate hike.
WTI holds steady above $68.00, all eyes on OPEC+ meeting
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.85 on Friday. The WTI price steadies as the escalation in the Russia/Ukraine conflict offsets a less aggressive rate cut expectation from the Federal Reserve (Fed).Fxstreet
Fri, Nov 29
Dogecoin’s New All-Time High Is Just Around The Corner – Here’s How Close We Are
Following a recent resurgence in the general market, Dogecoin has begun to display upside momentum toward higher price levels, which has rekindled optimism about its potential to surpass its previous all-time high and set a new peak in the ongoing market cycle.
Japanese Yen jumps to over one-month high against USD after Tokyo CPI release
The Japanese Yen (JPY) strengthens across the board following the release of strong November consumer inflation figures from Tokyo, Japan’s capital, which backs the case for another Bank of Japan (BoJ) interest rate hike in December.Fxstreet
Fri, Nov 29
Gold remains above $2,600 amid geopolitical tensions, Fed easing speculation
Gold price consolidated around $2,630 on Thursday amid thin liquidity trading as US markets are closed for Thanksgiving. Geopolitics continued to drive the price of non-yielding metal, which dwindled during the last three trading days. The XAU/USD trades at $2,637, virtually unchanged.
Fxstreet
Fri, Nov 29
ECB's Villeroy: Victory against inflation is in sight
The European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Thursday that the central bank should keep its options open for a bigger rate cut next month and its policy rate could eventually fall to a level that once again boots growth, per Reuters.Fxstreet
Fri, Nov 29
