News
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Porsche ignites blockbuster IPO, defying market turmoil
Even as markets worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car has pushed ahead with the bold flotation that gives Porsche a valuation of more than 76 billion euros
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UK PM Liz Truss bats for 'difficult' tax cuts despite market turmoil
In power for less than a month, Truss is already under severe pressure after the markets reacted to her government's tax cuts by sending the pound to an all-time low against the dollar
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Can Hong Kong recover as a global metropolis post pandemic?
Luxury storefronts have been replaced by pop-up shops selling masks. Whole floors of skyscrapers are deserted. Streets once crammed with locals and visitors jostling for space are quiet
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Dating apps thrive in China, not just for romance
These apps are flourishing — and Beijing appears to be leaving them alone — for more than just romantic reasons. They promise to nudge people toward marriage at a time when China's marriage and fertility rates are at record lows, but the apps also are helping users combat loneliness as Covid lockdowns have wreaked havoc on social connections
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From Barclays to Goldman Sachs: Texting on private apps costs Wall Street firms $1.8 billion in fines
A SEC investigation revealed that Wall Street firms did not monitor how employees were communicating on work-related matters or keep records of those messages, as federal law requires
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Climate change at 'point of no return': Jane Goodall
Earth's climate is changing so rapidly that humanity is running out of changes to fix it. Goodall said on the sidelines of a celebration of her $1.3 million Templeton Prize
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Elon Musk and Twitter dig for evidence as trial looms
Musk has been keen to find evidence to back his accusation that Twitter misled regulators and investors about what portion of accounts are actually spam or software "bots," as well as its key measures regarding growth
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World economy is slowing more than expected
Soaring inflation, fueled by the high price of energy and food, is driving the slowdown and spreading to other goods and services, weighing heavily on households and businesses
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TikTok seen moving towards US security deal but hurdles remain
The two sides have hammered out the foundations of a deal in which TikTok would make changes to its data security and governance without requiring its owner, the Chinese internet giant ByteDance, to sell it
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Apple to make iPhone 14 in India in shift away from China
The iPhone supply chain is based mainly in China but the country's zero-Covid policies and tensions with the United States have hurt production recently
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Silicon Valley slides back into 'bro' culture
From Mark Zuckerberg to Elon Musk and Mark Andreesen, tech's most powerful elite seem to be embracing a new tone lately. It is more openly defiant, combative and a turnaround from just a few years ago, when the industry was put on its heels by exposés about its "bro" culture