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Dozens of US states sue Meta over harm to children
Dozens of US states sue Meta over harm to children
by  AFP

Dozens of US states on Tuesday accused Facebook and Instagram owner Meta of profiting "from children's pain," damaging their mental health and misleading people about the safety of its platforms. "Meta has profited from children's pain by intentionally designing its platforms with manipulative features that make children addicted to their platforms while lowering their self-esteem."

China announces $137 bn sovereign bond issuance
China announces $137 bn sovereign bond issuance
by  AFP

China announced Tuesday it would issue sovereign bonds worth 1 trillion yuan ($137 billion), state media said, in a move seen as an attempt to shore up the economy after a sluggish post-Covid recovery. The bonds unveiled Tuesday will be distributed to local governments to support national disaster prevention and recovery, state news agency Xinhua said.

Israel-Hamas war threatens world economy, bankers tell Saudi forum
Israel-Hamas war threatens world economy, bankers tell Saudi forum
by  AFP

The Gaza war raging between Israel and Hamas could deal a heavy blow to the global economy, banking titans told a glitzy investment forum in Saudi Arabia on Tuesday. "What just happened recently in Israel and Gaza ... you put all this together, I think the impact on economic development is even more serious," World Bank President Ajay Banga told the Future Investment Initiative (FII).

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