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Meta sees itself as dwarfed by 'Giant Tech' Apple
Meta sees itself as dwarfed by 'Giant Tech' Apple

Facebook parent Meta may be in the Big Tech club but it sees itself as being dwarfed by "Giant Tech" company -- and corporate foe -- Apple, a top executive, Nick Clegg, said Wednesday. "There's Big Tech and there's Giant Tech," Clegg told an audience in Brussels, where Meta was courting policymakers with its latest virtual-reality (VR) gear.

Canada central bank hikes key lending rate 50 basis points to 4.25%
Canada central bank hikes key lending rate 50 basis points to 4.25%

Canada's central bank on Wednesday hiked its key lending rate by 50 basis points to 4.25 percent, saying its aggressive moves to rein in inflation were working but that the economy was still too hot. The bank will need to assess whether its seven rate hikes this year have slowed demand as hoped, how supply challenges are resolving, and whether all of this is impacting inflation.