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Facebook’s parent company Meta cuts 11,000 jobs

San Fransisico, U.S. | Xinhua | Meta Platforms Inc., the parent company of Facebook, said on Wednesday that it would lay off 13 percent of its staff, or more than 11,000 employees. The mass layoffs result from a sharp reduction of the company’s value amid a crumbling advertising market and decades-high …

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British minister resigns amid bullying allegations

London, UK | Xinhua | Gavin Williamson, a cabinet office minister in Sunak’s government, resigned on Tuesday after mounting allegations that he had bullied colleagues. The Sunday Times and other local media outlets reported days ago that Williamson sent expletive-laden messages to a colleague. On Monday, the Guardian reported that he …

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American voters cast ballots in high-stakes midterm elections

Washington, U.S. | Xinhua | Concerned voters across the United States cast their ballots in the high-stakes 2022 midterm elections on Tuesday amid heightened partisanship and divide. All 435 U.S. House of Representatives seats are up for grabs, as are 35 of the 100 seats in the Senate. Plus, 36 out …

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EU officials warn of economic slowdown

Brussels, Belgium | Xinhua | The European economy is slowing down and a contraction is predicted at least for the winter months due to the energy crisis and high inflation, European Commissioner for Economy Paolo Gentiloni warned on Monday. “If we look at high-frequency indicators and the economic sentiment, we see …

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WHO expert calls for faster response to climate change

Copenhagen, Denmark | Xinhua | Hans Kluge, regional director for Europe at the World Health Organization (WHO), called the current response to climate change “dangerously inconsistent and far too slow” in a statement on Monday. “Climate change and the crises it has triggered have long been clear health emergencies. WHO …

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Japan gov’t urged to end free COVID-19 vaccinations

Tokyo, Japan | Xinhua | An advisory panel for the finance minister on Monday proposed that the Japanese government end free-of-charge coronavirus vaccinations, highlighting concerns over a further increase of its financial strain. Japan’s Ministry of Finance convened a subcommittee meeting on Monday and asked a panel of experts to start …

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Dollar as U.S. currency, now is problem of world

Washington, U.S. | Xinhua | The U.S. central bank raised the benchmark lending rate by 0.75 percentage point last week, the fourth increase of that size and the sixth hike this year, bringing its key rate into a range of 3.75 percent to 4 percent, the highest in 15 years. The …

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