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❗️Meta Culls Further 10k Jobs
The fresh wave of cuts due Wednesday comes just four months after Facebook-owner Meta made 11k employees redundant.
Zuckerberg had announced in February that Meta would adopt a mantra of “efficiency” in 2023 after advertisng revenue slumped and billions was ploughed into building the metaverse.
The latest cuts are expected to disproportionately hit the policy, marketing and communications teams.
@RiseGS
The fresh wave of cuts due Wednesday comes just four months after Facebook-owner Meta made 11k employees redundant.
Zuckerberg had announced in February that Meta would adopt a mantra of “efficiency” in 2023 after advertisng revenue slumped and billions was ploughed into building the metaverse.
The latest cuts are expected to disproportionately hit the policy, marketing and communications teams.
@RiseGS
American Banks Bounce Bank After Monday's Collapse
The industry index rose 4.8% from lows just 24hrs earlier. Not suspicious at all?
@RiseGS
The industry index rose 4.8% from lows just 24hrs earlier. Not suspicious at all?
@RiseGS
❤1
Washington has summoned the Russian ambassador after a US Reaper reconnaissance drone was intercepted by Russian fighter jets near Crimea.
The Pentagon has accused
Moscow's DefMin said the drone had its transponders off and violated air space. More than just arming and funding Kiev?
@RiseGS
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Suspicious Yellow Smoke in Sky Above New Albany Chemical Plant
Roads near the Blue Grass Chemical Specialties plant in Indiana have been shut down, with firefighters drafted in - despite there being no sign of a fire.
Reports have suggested the factory's reactor malfunctioned, releasing chemicals in the air.
Nothing to see here...
@RiseGS
Roads near the Blue Grass Chemical Specialties plant in Indiana have been shut down, with firefighters drafted in - despite there being no sign of a fire.
Reports have suggested the factory's reactor malfunctioned, releasing chemicals in the air.
Nothing to see here...
@RiseGS
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Looks a bit one-sided, as Israel's police use tear gas to stop Ultra-Orthodox Jews throwing eggs...
... Stay tuned.
@RiseGS
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Hundreds of Thousands Moan Reddit is Down... Again
Is there a Reddit page for talking about how Reddit went down?
@RiseGS
Is there a Reddit page for talking about how Reddit went down?
@RiseGS
World's First Robot Lawyer Sued in 🇺🇸 for Not Having Law Degree
The DoNotPay AI app - a robolawyer designed by a Stanford student - could end up having to defend itself in court.
It was made to help those who want to represent themselves, but a Chicago-based firm has called it dangerous to think it is a legal professional.
It cites a case over a parking ticket when the robot forgot to send a subpoena which ended up in more fines.
More Futurama than the future of law, or the legal world in a panic?
@RiseGS
The DoNotPay AI app - a robolawyer designed by a Stanford student - could end up having to defend itself in court.
It was made to help those who want to represent themselves, but a Chicago-based firm has called it dangerous to think it is a legal professional.
It cites a case over a parking ticket when the robot forgot to send a subpoena which ended up in more fines.
More Futurama than the future of law, or the legal world in a panic?
@RiseGS
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😁5👍1
Forwarded from Multipolar Market
India refutes reports on joining Western price cap on Russian oil
India has not adhered to the price cap on Russian oil imposed by the Group of Seven and other Western nations, Reuters reported, citing an Indian oil ministry source.
The source clarified that India has not signed any agreement with Western countries to impose a price cap on oil from Russia.
Earlier on March 12, Bloomberg, citing its sources, said that India would not breach the Western sanctions on Russia, including the price cap of $60 imposed on purchases of oil from Moscow. Indian authorities have asked banks and traders to comply with the sanctions, per the publication.
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India has not adhered to the price cap on Russian oil imposed by the Group of Seven and other Western nations, Reuters reported, citing an Indian oil ministry source.
The source clarified that India has not signed any agreement with Western countries to impose a price cap on oil from Russia.
Earlier on March 12, Bloomberg, citing its sources, said that India would not breach the Western sanctions on Russia, including the price cap of $60 imposed on purchases of oil from Moscow. Indian authorities have asked banks and traders to comply with the sanctions, per the publication.
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Top Gun Maverick Flops at Oscars
Here's CBS overplaying the US surveillance drone being 'taken out' by a Russian fighter jet
@RiseGS
Here's CBS overplaying the US surveillance drone being 'taken out' by a Russian fighter jet
@RiseGS
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Video shows a bridge collapsing into a river. Local media say at least five people have been killed and many are missing.
@RiseGS
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Rise of the Global South
Credit Suisse shares fall 26% to record low
BlackRock ranks among Credit Suisse’s top shareholders, along with Harris Associates LP and wealthy Middle Eastern investors, including the Qatar Investment Authority and Saudi Arabia’s Olayan Group.
@RiseGS
BlackRock ranks among Credit Suisse’s top shareholders, along with Harris Associates LP and wealthy Middle Eastern investors, including the Qatar Investment Authority and Saudi Arabia’s Olayan Group.
@RiseGS
Rise of the Global South
Credit Suisse shares fall 26% to record low BlackRock ranks among Credit Suisse’s top shareholders, along with Harris Associates LP and wealthy Middle Eastern investors, including the Qatar Investment Authority and Saudi Arabia’s Olayan Group. @RiseGS
Blackrock Falls? American Risk Management Behemoth Has Over 160mn Shares in Crisis-Hit Credit Suisse
Credit Suisse shares tanked nearly 30% Wednesday as part of the Silicon Valley Bank fallout with the chairman of the Saudi National Bank – which owns 9.8% of the embattled Swiss lender – appearing to rule out any further funding.
Credit Suisse has been hit by a series of missteps and compliance failures in recent years – customers withdrawing a whopping $133bn from the bank last year, with the majority in the fourth quarter.
@RiseGS
Credit Suisse shares tanked nearly 30% Wednesday as part of the Silicon Valley Bank fallout with the chairman of the Saudi National Bank – which owns 9.8% of the embattled Swiss lender – appearing to rule out any further funding.
Credit Suisse has been hit by a series of missteps and compliance failures in recent years – customers withdrawing a whopping $133bn from the bank last year, with the majority in the fourth quarter.
@RiseGS
⚡️EU to Send Next Tranche of Macro-Financial Aid to Ukraine Worth €1.5bn Next Week
Brussels has allocated up to 18 billion euros for Kiev in 2023.
@RiseGS
Brussels has allocated up to 18 billion euros for Kiev in 2023.
@RiseGS
Twitter Glitches... Again
Outages and issues with the search bar have been flagged up on Downdetector.
@RiseGS
Outages and issues with the search bar have been flagged up on Downdetector.
@RiseGS
@RiseGS
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