WASHINGTON, United States — Meta reached a major settlement on Wednesday with U.S. states and territories over allegations that its social media platforms harmed children, agreeing to substantial financial penalties and significant changes to how teenagers use Facebook and Instagram.
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Target Clown Halloween Costume Pulled After Backlash
UNITED STATES — Target apologized Monday and confirmed it had pulled a children’s Halloween costume from sale after the product triggered backlash on social media over allegations that its appearance resembled a racist caricature. The retailer said it was reviewing how the costume was approved and what changes may be needed.
IMF Warns Fiscal Strain Could Test Global Economy
WASHINGTON, US — The global economy has shown greater resilience than expected despite the energy shock linked to the Iran war and the closure of the Strait of Hormuz, IMF Managing Director Kristalina Georgieva said ahead of next week’s G20 finance leaders’ meeting.
Stock Market Settlement Holiday: BSE, NSE Open Today?
Mumbai, India — Investors can continue trading on the BSE and NSE on Wednesday, August 26, as the Indian stock market remains open despite Eid-e-Milad. The Nifty50 and Sensex will follow their regular equity trading schedule, although clearing and settlement of shares and funds will not take place during the settlement holiday.
Unitree Shares Slump 45% After Shanghai IPO Surge
HONG KONG/SHANGHAI — Unitree shares steadied on Tuesday after three consecutive sessions of declines, but the roughly 45% retreat from their debut peak has intensified concerns that enthusiasm for artificial intelligence and robotics may have pushed the company’s valuation far beyond its underlying business performance.
Indian Stock Market Rises on Blue-Chip Buying
MUMBAI, India — Indian Stock Market : Benchmark equity indices Sensex and Nifty gained in early trade on Monday, supported by buying in major blue-chip stocks including HDFC Bank and Infosys amid positive global cues. However, concerns over geopolitical tensions and higher crude oil prices continued to limit risk appetite.