Bloomberg Facebook Inc said it’s pausing work on rolling out an Instagram Kids site after social networking company came under criticism for its negative effect on children, especially on teenage girls. Facebook said it’s not abandoning the idea to create a dedicated experience for kids under 13, but will take time to discuss with experts, parents and policymakers to “demonstrate …

Bloomberg China’s central bank injected liquidity into the financial system for a ninth day in the longest run since December as it sought to meet a surge in seasonal demand for cash. The People’s Bank of China (PBOC) pumped in 100 billion yuan ($15.5 billion) of cash with 14-day reverse repurchase agreements, resulting in a net injection of 40 billion …

Bloomberg UK consumers have just one year left to spend about $32 billion of paper 20- and 50-pound notes as the Bank of England (BOE) withdraws them from circulation. The notes, which have been superseded by polymer equivalents featuring artist JMW Turner and mathematician Alan Turing, will no longer be accepted in shops after September 30, 2022, the BOE said …