Meta’s ‘friendly’ Threads collides with unfriendly internet

By Katie Paul NEW YORK (Reuters) -Mark Zuckerberg has pitched Meta’s Twitter copycat app, Threads, as a “friendly” refuge for public discourse online, framing it in sharp distinction to the more adversarial Twitter which is owned by billionaire Elon Musk. “We are definitely focusing on kindness and making this a friendly place,” Meta CEO Zuckerberg…

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China IPO applications fall by third in first half of 2023

SHANGHAI (Reuters) – China’s IPO applications slumped by a third in the first half of 2023, as earnings volatility, a slowing economy and tighter regulatory scrutiny deterred potential candidates. Chinese exchanges, which vet initial public offering (IPO) plans, accepted around 330 new applications during the period, down from more than 500 a year earlier, exchange…

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BOJ highlights broadening wage, price hikes in report on regional Japan

By Leika Kihara TOKYO (Reuters) -Many regional areas of Japan saw small and mid-sized firms aggressively raise wages, reflecting intensifying labour shortages, the Bank of Japan (BOJ) said on Monday, underscoring its growing conviction that wage hikes were broadening. In a quarterly report, the central bank also said some firms were considering raising the prices…

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Soaring vegetable prices may tip India’s delicate inflation balance -economists

MUMBAI (Reuters) – A steeper-than-expected surge in the prices of vegetables, especially tomatoes, over the past few weeks could push India’s retail inflation towards 5.5% in the July-September quarter, at least three economists said. The country’s inflation eased to between 4% and 5% in April and May, inching towards the central bank’s 4% target, and…

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