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Breaking up Facebook would do more harm than good to market

Facebook Inc. bestrides the Earth. It attracts nearly 1.5 billion users a day, commands a fifth of global online advertising revenue, and has a market capitalisation that exceeds the GDP of many countries. An average user spends nearly an hour a day on its various platforms — about as much time as they spend eating and drinking. Any business of ...

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New weapons against antibiotic-resistant bacteria

It’s frustrating enough when progress in medicine plods along slowly, but downright alarming when it starts to backslide. Bacterial infections were considered essentially conque-red in the 20th century, and now resistant strains are projected to kill more people than cancer by 2050. While some people dispute the projected death rate, it’s agreed that bacteria are evolving resistance to antibiotics faster ...

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Banks are facing a squeeze from Trump’s trade war

Bloomberg For banks that finance trade in Asia, the tariff war between the US and China couldn’t come at a worse time. Lenders globally have faced declining revenue from the $9 trillion business of funding cross-border commerce for five years running, thanks to a drop in margins that is persisting in Asia. Now, as the trade dispute between the world’s ...

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