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For the first time, Chinese internet giants such as Alibaba, Tiktok-owner ByteDance, and Tencent have shared details about their algorithms with China’s regulators. Algorithms determine what users see and the order in which they see it, and they are critical to the growth of social media platforms. Meta and Alphabet have successfully argued that they are trade secrets in the United States, despite calls for greater transparency. The Chinese Cyberspace Administration (CAC) has published a list of 30 algorithms with descriptions. It stated in a statement that its algorithm list would be routinely updated in order to prevent data abuse.…

Luisa Vicinanza-Bedi, the founder of Luisa’s Vegan Chocolates, is an artisan chocolate maker in Nottingham. “I’ve always loved chocolate, but when I discovered all the tastes and nuances of single-origin chocolate – the incredible flavor notes, like a fine wine,” she says, “my eyes were opened.” Much of the chocolate we consume is made from cocoa sourced from multiple farms, regions, or countries. Ms Vicinanza-Bedi, on the other hand, claims that using a single bean variety from a single farm gives the chocolate a distinct flavor. “We trade directly with our farmers and inspect the beans,” she explains. “We conduct…

After a nearly six-month suspension due to the Ukraine conflict, the Moscow Exchange will reopen to foreign investors in part on Monday. It states that only investors from “non-hostile countries” will be permitted to trade bonds. The decision excludes many of Russia’s largest investors who have imposed sanctions on the country’s economy. In February, Russia closed its markets to prevent money from leaving the country during the war. The Moscow Exchange said in a statement that it would reopen its bond market to “non-resident clients from non-hostile countries, as well as non-residents whose ultimate beneficiaries are Russian legal entities or…

The Saudi Arabian oil giant Aramco achieved a profit of $48.4 billion (or £29.8 billion) during the second quarter of 2022, which set a new record for the company. It is the largest increase in earnings for the world’s largest energy exporter since it went public three years ago, marking a 90% year-on-year increase and making it the largest increase in earnings ever. As a direct result of Russia’s invasion of Ukraine, oil and gas prices have significantly increased. Although Russia is one of the world’s largest exporters, Western nations have committed to reducing their reliance on the country to…

In 2019, Johnson & Johnson (J&J) announced that company will no longer produce or sell its baby powder containing talc in any market. More than two years after the healthcare giant stopped selling the product in the US, the announcement has finally been made. Tens of thousands of women have filed lawsuits against J&J, claiming that their talcum powder contained asbestos and was the direct cause of their ovarian cancer. However, the manufacturer insisted once again that decades of outside studies prove the product is risk-free. “As part of a global portfolio assessment, we have made the commercial decision to transition…

Elon Musk, owner of Tesla, has sold another 7.92 million worth shares of the company, which brought in a total of approximately $6.88 billion (£5.7 billion). According to regulatory filings, the sales occurred after the company’s annual shareholder meeting the previous week. Mr. Musk claims that he requires the funds in the event that he is compelled to purchase Twitter for $44 billion. After announcing one month ago that he would back out of a deal to buy the social media platform, the multibillionaire is currently engaged in a legal battle with the company that owns the platform. According to…

Following Russia’s invasion of Ukraine in March, McDonald’s restaurants there were forced to close, but the fast food chain recently announced plans to reopen the restaurants there. The quick-service restaurant chain expressed the hope that the action would contribute to the restoration of a “small but important sense of normalcy.” The burger giant has announced that over the next few months, there will be a phased reopening in Kyiv and western Ukraine in areas that have been determined to be safe. Prior to the outbreak of hostilities, Ukraine was home to more than a hundred McDonald’s restaurants. Since then, the…

A member of Iran’s Islamic Revolutionary Guard offered $300,000 in the assassination scheme of Trump’s national security adviser John Bolton. According to Justice Department officials, a member of Iran’s Islamic Revolutionary Guard Corps has been charged in a murder-for-hire plot targeting former National Security Adviser John Bolton. Federal charges unsealed against Shahram Poursafi, who allegedly attempted to arrange Bolton’s assassination in retaliation for a US drone strike in Baghdad in 2020 that killed Iran commander Qasem Soleimani. According to federal prosecutors, Poursafi attempted to pay a U.S. contact $300,000 to carry out the plot, unaware that the unidentified person was a…

House Speaker Nancy Pelosi upheld her decision to visit Taiwan last week, saying “it was worth it,” despite China’s actions since she left the island. Since Pelosi’s divisive trip, China has withdrawn from climate talks and expanded threatening military exercises around Taiwan, disrupting shipping and air traffic and raising fears of conflict in a vital trade region. Taiwan warned Tuesday that Chinese military drills are more than just a dress rehearsal for an invasion of the self-governing island, but also reflect Beijing’s ambitions to control large swaths of the western Pacific, as Taipei conducted its own drills to demonstrate its…