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Zuckerberg defends Meta in landmark social media addiction trial
Meta Platforms CEO Mark Zuckerberg repeatedly said during a landmark Los Angeles trial over youth social media addiction that the Facebook and Instagram operator does not allow children under 13 on its platforms. Zuckerberg maintained that lawyers were “mischaracterising” communications in multiple internal documents which suggested they were a key demographic. Mark Lanier, a lawyer…
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U.S. bank CEOs earned $258m in 2025
CEOs at six of the largest U.S. banks earned a combined $258m in 2025, up 21% year on year, as strong economic conditions and Wall Street activity boosted results. Leaders of JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo each received $40m or more. Morgan Stanley’s Ted Pick and Wells…
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U.S. airlines required to certify merit-based pilot hiring practices
The Federal Aviation Administration (FAA) has mandated that all U.S. airlines must confirm they are hiring pilots based solely on merit, in response to allegations of discrimination based on race and gender. Transportation Secretary Sean Duffy said that the directive aims to ensure that “pilot hiring is exclusively merit-based to fulfil its duty to provide…
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Mexican inflation accelerates in January following new taxes
Inflation in Mexico sped up in January as the new year saw new taxes launched by the government on products deemed unhealthy, including soda, cigarettes and video games, alongside an increased minimum wage and new tariffs on China and other mainly Asian countries that the Central American nation does not have a free trade agreement…
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Kaiser reaches $30m settlement with U.S. Labor Dept
The U.S. Department of Labor has announced a settlement with Kaiser Foundation Health Plan to resolve multiple investigations into the company’s failure to provide timely and appropriate access to mental health and substance use disorder services. The agreement resolves claims that Kaiser failed to maintain adequate provider networks for mental health and substance use disorder…
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U.S. added 130,000 jobs in January
U.S. employers added 130,000 jobs in January, surpassing economists’ expectations and marking the strongest monthly gain in several months. The unemployment rate dipped slightly to 4.3%, signaling modest improvement in a labor market that has shown signs of stabilization. Health care led job growth with 82,000 new positions, followed by social assistance (42,000) and construction…
