WORLD


IANS 24 August 2022
Facebook users globally on Wednesday were left in shock and awe when celebrities like Lady Gaga, Nirvana and The Beatles filled their main feeds with endless posts with picture, videos and memes. The company later said it was a bug and fixed that.   Several Facebook users also faced...

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IANS 23 August 2022
The local newspaper industry in the US is backing the proposed Journalism Competition and Preservation Act to force Big Tech to pay publishers for aggregating their news stories online.   The legislation aims to provide news publications a level-playing field, letting them negotiate...

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Andrew Perez (The Lever)  and   Andy Kroll  and   Justin Elliott (ProPublica) 23 August 2022
This story was originally published by ProPublica.   In the largest known political advocacy donation in U.S. history, industrialist Barre Seid funded a new group run by Federalist Society co-chair Leonard Leo, who guided Trump’s Supreme Court picks and helped end federal abortion...

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IANS 22 August 2022
China's central bank has cut its mortgage rate as officials work to support the crisis-hit property market.   The People's Bank of China (PBOC) lowered the five-year loan prime rate (LPR) by 1.5 percentage points, which matches its biggest cut on record, the BBC...

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AC Thompson (ProPublica) 18 August 2022
This story was originally published by ProPublica.   In a Q&A with ProPublica reporter A.C. Thompson, former intelligence officer and data scientist Welton Chang explains how conspiracy theorists and violent racists fled to smaller platforms. Once there, their remarks festered and...

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Spencer Woodman, Malia Politzer, Peter Whoriskey  and   Nicole Sadek (ICIJ) 16 August 2022
Photos featured in Architectural Digest stories on the homes of the billionaire Lindemann family offer clues to investigators struggling to reclaim lost cultural heritage and shed light on the secretive private antiquities trade.   The January 2021 issue of Architectural Digest...

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IANS 12 August 2022
FBI agents were looking for documents relating to nuclear weapons, among others, in the unprecedented search they conducted of the premises of former US President Donald Trump earlier this week in Florida, according to a stunning news report.   Neither the Justice Department, which...

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IANS 11 August 2022
Masayoshi Son-led SoftBank Group on Wednesday revealed plans to sell nearly 242 million American depository receipts (ADRs) of Chinese behemoth Alibaba, that will help it gain 4.6 trillion yen ($34 billion) in pre-tax gain from the sale.   The Japanese giant, which saw massive losses...

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Jesse Eisinger (ProPublica) 10 August 2022
This story was originally published by ProPublica.   Law professor Lev Menand has a new book out on that strange institution, the Federal Reserve, what it does and how its power and responsibility have grown over time.   Menand is an associate professor at Columbia Law School...

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Moneylife Digital Team 01 August 2022
China's embattled property giant Evergrande has failed to deliver a preliminary debt restructuring plan it had promised by July 31, leading to further concerns about the future of the world's most indebted developer, media reports said.   The real estate company's failure to meet its...

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Expectedly, the US Federal Reserve jacked up its benchmark overnight interest rate by 75 basis points in an effort to tamp down the bristling inflation genie virtually bursting out of the bottle.   The spike in inflation, highest since the 1980s, with "ongoing increases" in borrowing...

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The Cyberspace Administration of China (CAC) on Thursday fined ride-hailing company Didi Global $1.18 billion after a year-long probe that found the company breaking data security and personal information protection laws.   Senior executives Will Cheng Wei and Jean Liu Qing were each...

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Uri Blau (ProPublica) 13 July 2022
This story was originally published by ProPublica.   The cybersecurity firm has invested heavily in top lobbyists and law firms in an effort to lift restrictions on doing business in America. NSO is hoping the Israeli prime minister will raise the issue with Joe Biden when the two...

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Heathrow Airport on Tuesday introduced an unprecedented 100,000 limit on daily departing passengers until September and ordered airlines to stop selling summer tickets as airports battle against a staffing crisis, the media reported.   The dramatic move will impose a maximum limit on...

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Andrea Suozzo (ProPublica) 12 July 2022
This story was originally published by ProPublica.   The Family Research Council (FRC), a staunch opponent of abortion and LGBTQ rights, joins a growing list of activist groups seeking church status, which allows organizations to shield themselves from financial...

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A sensational leaked trove of internal Uber documents has revealed the dark side of the ride-hailing platform, that allegedly broke laws and secretly lobbied governments as it planned to expand globally.   According to The Guardian that accessed 'Uber Files' with over 124,000...

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Students of economics, around 2005, would distinctly remember the book Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Levitt and Dubner. A bestseller of its time, the book was a phenomenon, igniting young minds to think out of the box, offering compelling and...

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Japan's former Prime Minister Shinzo Abe died on Friday after he was shot while addressing an election rally in the city of Nara, according to state media. "Officials say former Japanese Prime Minister #Abe Shinzo has been confirmed #dead. He was reportedly #shot during a speech on...

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Indian-origin Ramesh 'Sunny' Balwani, the former business partner and 'boyfriend in secret' of Elizabeth Holmes, founder and CEO of healthcare company Therano, has been found guilty of defrauding Theranos investors and patients in the US.   Balwani faced 10 counts of wire fraud and...

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Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world's second largest economy, media reports said.   Shanghai-based Shimao Group failed to pay the interest and principal on a $1 billion bond due Sunday, according...

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