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Social media can’t hide its problems anymore

  There’s a perfectly good reason to break open the secrets of social-media giants. Over the past decade, governments have watched helplessly as their democratic processes were disrupted by misinformation and hate speech on sites like Meta Platforms Inc’s Facebook, Alphabet Inc’s YouTube and Twitter Inc. Now some governments are gearing up for a comeuppance. In the next two years, ...

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Fed must get ready for higher unemployment

  Announcing another interest-rate increase, Federal Reserve Chair Jerome Powell said that the path towards a soft landing — with lower inflation and no significant rise in unemployment — has narrowed. The question is whether there is any such path. The first estimate of second-quarter gross domestic product showed a fall of 0.9% at an annual rate. This came after ...

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Lufthansa faces more turmoil as pilots back possible strikes

Bloomberg Deutsche Lufthansa AG may face further disruption after its pilots voted for strikes if they’re considered necessary to force a wage deal, a move that could unleash another wave of cancellations unless the airline’s negotiators and labour representatives can settle their differences. The VC pilots union voted overwhelmingly in favour of walkouts, meaning Lufthansa could be hit with stoppages ...

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