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Meta has been told its treatment of high-profile users, such as former US president Donald Trump, left dangerous content online, serving business interests at the expense of its human rights obligations. A damning report published on Tuesday from the company’s oversight board — a “Supreme Court” style body created by the parent company of Facebook,
Chinese cities accelerated the loosening of zero-Covid restrictions over the weekend, building expectations that Beijing could ditch the pandemic policy that has kept the country isolated for nearly three years and battered the economy. Several Chinese cities have eased controls, even as Covid continues to circulate. China reported 31,824 infections on Sunday for tests taken
Alameda Research was allowed to exceed normal borrowing limits on the FTX exchange since its early days, Sam Bankman-Fried has said, in a concession that illustrates how the former billionaire’s trading shop enjoyed preferential treatment over clients years before the 2022 crypto crisis. In an interview with the Financial Times, the 30-year-old described the outsized
UK house prices fell in November at their fastest pace since the financial crisis, excluding the lockdown period of spring 2020, as rising borrowing costs hit household finances, according to mortgage provider Nationwide. House prices fell 1.4 per cent between October and November — the biggest fall since the country was in the depths of
Inflation in the eurozone has fallen for the first time in 17 months, raising hopes that the biggest price surge for a generation has peaked and the European Central Bank will be able to shift to smaller interest rate rises next month. A slowdown in energy and services prices helped inflation in the single currency
China’s health authorities on Tuesday blamed local governments for their handling of coronavirus outbreaks as Beijing distanced itself from the crisis after unprecedented protests against President Xi Jinping and his zero-Covid policy. The National Health Commission reaffirmed Beijing’s commitment to the zero-Covid measures and pledged to boost vaccination rates among the elderly, a day after
Volodymyr Zelenskyy said Russia’s new strategy to destroy Ukraine’s infrastructure and plunge it into darkness would not weaken the country’s resolve to liberate all occupied land, describing the conflict as a “war of strength and resilience”. Pushing back against western fears of escalation, Ukraine’s president insisted there would be no lasting resolution to the war
Supporters of Jair Bolsonaro demonstrate against the election result © AFP via Getty Images The party of Brazil’s outgoing president Jair Bolsonaro has challenged the outcome of the runoff election he narrowly lost last month, calling for the cancellation of ballots from electronic voting machines with alleged malfunctions. The far-right populist was defeated on October
FTX’s new management team has located more cash belonging to the bankrupt crypto conglomerate, bringing the tally to $1.24bn, as consultants rush to identify the company’s assets ahead of a US court hearing later on Tuesday. Edgar Mosley, an executive at advisory firm Alvarez & Marsal, said in court filings teams working to track down
UK chancellor Jeremy Hunt confronted a backlash from Tory MPs angry at a new era of high taxation even as the IMF hailed his efforts to restore the country’s fiscal credibility. On a day that two leading think-tanks said that high taxes had arrived for good and that wages were set for their most prolonged
Jeremy Hunt, chancellor, will on Thursday seek to restore Britain’s tarnished economic reputation with a £54bn package of spending cuts and tax rises intended to repair the public finances and tame inflation. “We will face into the storm,” he will say. Hunt’s Autumn Statement will intensify the financial hardship facing millions of Britons and begin
The UK’s rate of inflation hit a fresh 41-year high in October, accelerating to 11.1 per cent on the back of rising energy and food prices. The Office for National Statistics said the rate rose from 10.1 per cent in September, putting inflation at its highest level since October 1981. Economists polled by Reuters had