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Treat Facebook like big tobacco

People are mad at Facebook — for being too big, too powerful, too omniscient. Last week a co-founder of the company joined the calls from politicians like Senator Elizabeth Warren for the government to break up the social media giant. Facebook has repeatedly asked for regulation, with CEO Mark Zuckerberg appealing to the government in a Washington Post op-ed this ...

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Japan Inc is doing better than people realise

Investors should get used to more big surprises from Japan. The country’s economy grew an annualised 2.1% in the first quarter, defying economists’ expectations for a contraction. The government wasn’t expecting good news: Earlier this month, it moved its provisional assessment of the economy to “worsening” from “weakening” for the first time in six years after an index of economic ...

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Victorious Modi faces a $1.4 trillion roadblock

Don’t get your hopes up that India’s infrastructure will start to look like China’s after Narendra Modi’s historic victory. Modi’s Bharatiya Janata Party made big promises in its election manifesto, among them 100 trillion rupees ($1.4 trillion) of investments in infrastructure by 2024 that would double the length of highways by 2022 and lead to a similar increase in the ...

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