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WORLD FINANCE UPDATE:

The Australian share market looks set to open firmly in positive territory, as US equities gain for their fifth straight session with investors seemingly forgetting their fears over inflation.

At 0700 AEDT on Friday, the share price futures index was up 18 points, or 0.31 per cent, at 5,880.

Meanwhile, the Australian dollar is hardly changed against its US counterpart which has continued to weaken in the offshore session.

The local currency was trading at 79.35 US cents at 0700 AEDT on Friday, from 79.37 on Thursday.

ELSEWHERE:

NEW YORK CITY – A bug in some versions of Apple’s operating systems is causing iPhones to crash when a single character in Telugu, an Indian language, is sent to the device or even typed in text editor, the Verge reports.

LOS ANGELES – Kanye West and Lloyd’s of London have ‘amicably resolved’ their $US10 million ($A14 million) row over the musician’s cancelled tour.

TOKYO – Fasten your seatbelts for a flight departing to Paris, and never leave the ground.