Finance

California discloses probe on Facebook privacy practices

California attorney general says he has been investigating Facebook‘s privacy practices since 2018. Attorney General Xavier Becerra offered few details about the probe and said he was disclosing it only because his office was making a public court filing to force Facebook to answer subpoenas. According to the filing, Facebook took a year to fully

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Serbia set to buy Russian missiles despite US sanctions hint

Russia will deliver a sophisticated anti-aircraft missile system to Serbia even though the U.S. has warned of possible sanctions against the Balkan country in the event of such purchases. Russia’s state TASS news agency said Wednesday that the Pantsir-S system will be delivered to Serbia “in the next few months in accordance with the signed

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Japan’s SoftBank tumbles into losses over costly investments

Japanese technology company SoftBank Group Corp. tumbled into losses in the last quarter as its earnings were hammered by money-losing investments, including a bailout for office-space sharing startup WeWork. SoftBank’s founder, Masayoshi Son, said he was regretting “mistaken investment moves.” He said the situation at WeWork was under control, and he expects to turn it

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Global stocks higher after possible US-China trade snag

Global stock markets were mostly higher Wednesday after investors were rattled by a possible snag in a U.S.-Chinese trade truce following reports Beijing wants Washington to lift punitive tariffs. Germany and Paris opened higher and London was unchanged. Tokyo rose while Shanghai declined and Hong Kong was flat. Beijing wants 15% tariffs imposed in September

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