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Meta tightens teen safeguards on Instagram with PG-13-style content filters

(Reuters) -Instagram will limit what users under 18 can see on the platform using filters inspired by the PG-13 movie rating system, in the latest step by its parent Meta to address criticism that it has not done enough to protect teenagers online. Modeled on the Motion Picture Association’s ratings, the new system will restrict …

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Google offers to tweak search results as EU antitrust fine looms

By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google has offered to make further changes to its search results in its latest attempt to avoid a European Union antitrust fine, according to a document seen by Reuters. The world’s most popular internet search engine modified its July proposal following feedback and criticism from vertical search engines, …

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World needs U.S. engagement for financial stability, ECB’s Villeroy says

NEW YORK (Reuters) -Protectionism is already proving costly for the U.S. consumer and Washington should instead engage with its allies to tackle global issues that threaten financial stability, French central bank governor Francois Villeroy de Galhau said on Tuesday. The Trump administration has withdrawn from a host of international programmes and agreements on top of …

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Trade jitters drag European shares lower; France stays in focus

By Sruthi Shankar and Pranav Kashyap (Reuters) -European stocks slipped on Tuesday, weighed down by fresh jitters over U.S.-China trade tensions and a sharp drop in Michelin shares, while investors eyed France where the prime minister planned to hit pause on a key pension overhaul. The pan-European STOXX 600 index was down 0.4%, paring some …

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Consumer stocks lift FTSE 100, US-China trade tension simmer

(Reuters) -London’s FTSE 100 closed modestly higher on Tuesday, as mounting U.S.-China trade tensions kept investors on edge, while losses in industrial metal miners were offset by gains in consumer staples. The blue-chip FTSE 100 edged up 0.1% recovering earlier losses, while the domestically focused FTSE 250 fell 0.16%.  On Friday, global stocks slumped after …

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Citigroup’s AI usage frees up 100,000 hours for developers a week

NEW YORK (Reuters) -Citigroup CEO Jane Fraser said the company’s use of artificial intelligence has saved time and allowed it to free up 100,000 hours of weekly capacity for software developers. Almost 180,000 of the bank’s employees in 83 countries have access to Citi’s internal AI tools, she told analysts on an earnings call on …

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EU leaders to demand more industry support to meet new climate goal, draft shows

By Kate Abnett BRUSSELS -European Union leaders plan to agree for the bloc to set a new climate change target for 2040, but demand the EU does more to support industries like steel and carmaking to meet it, draft conclusions for an EU summit next week showed. The EU had planned to approve its new …

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Sweden nominates IKEA veteran Jesper Brodin as UN refugee chief candidate

By Anna Ringstrom and Greta Rosen Fondahn STOCKHOLM (Reuters) -Sweden’s government has nominated Jesper Brodin, a veteran executive at the world’s biggest furniture brand IKEA, to head the U.N. Refugee Agency UNHCR, saying on Tuesday he would bring valuable business acumen to the role at a time of funding challenges. Current United Nations High Commissioner …

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UK watchdog secures $101 million redress for BlueCrest fund investors

By Kirstin Ridley (Reuters) -Britain’s Financial Conduct Authority on Tuesday secured $101 million in redress for investors in a fund sub-managed by BlueCrest Capital Management and imposed a public censure on the investment firm, marking an end to a drawn-out battle. The FCA said BlueCrest, the investment firm co-founded by billionaire Michael Platt, had failed …

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