China Guides Banks to Cap Early 2024 Loans, Shift Some Forward
China’s central bank has encouraged lenders to cap the amount of new loans they issue in early 2024
2023-11-21 12:54
Wanda Proposes Extending Payment on a Dollar Bond by 11 Months
A unit of Chinese conglomerate Dalian Wanda Group Co. proposed to extend the maturity date of a dollar
2023-11-21 12:50
Hamas Chief Says Close to ‘Truce’ Amid Hostage Negotiations
Hamas chief Ismail Haniyeh said his group is close to reaching a “truce agreement” in talks with Qatar
2023-11-21 11:52
Citigroup Wealth Services Head Campos Exits After Three Decades
Citigroup Inc. said its head of wealth services is leaving as the lender conducts a global reorganization. Eduardo
2023-11-21 11:47
Musk files defamation suit against Media Matters over Nazi X post claims
X, formerly known as Twitter, filed a federal defamation suit on Monday in Texas against Media Matters for America, accusing the media watchdog group of kicking off an advertiser exodus with a “harmful” article alleging the social network let top brands display ads near antisemitic and pro-Nazi posts. The liberal-leaning media observer allegedly curated a feed specifically with fringe accounts and those belonging to corporations like IBM, Comcast, Apple, and Oracle, then displayed screenshots of the unsavoury posts appearing near company ads in a critical article, according to the lawsuit. The Media Matters analysis, published last week, also alleges that X owner Elon Musk has increasingly begun a “descent into white nationalist and antisemitic conspiracy theories.” The lawsuit does not dispute that some top brands’ ads were featured near the inflammatory content. Rather, it suggests Media Matters gamed X to produce extremely unlikely pairings that are usually screened out by the service’s advertising tools, alleging that one harmful match appeared for “only one viewer (out of more than 500 million) on all of X: Media Matters.” “Not a single authentic user of the X platform saw IBM’s, Comcast’s or Oracle’s ads next to that content, which Media Matters achieved only through its manipulation of X’s algorithms,” the suit continues. “Media Matters created these pairings in secrecy, to manufacture the harmful perception that X is at best an incompetent content moderator (a harmful accusation for any social media platform), or even worse that X was somehow indifferent or even encouraging to Nazi and racist ideology,” the suit argues elsewhere. Media Matters told The Independent in a statement that its analysis of X and its content policies remains valid. “This is a frivolous lawsuit meant to bully X’s critics into silence,” Media Matters President Angelo Carusone said in the statement. “Media Matters stands behind its reporting and looks forward to winning in court.” Top executives at X have railed against Media Matters in recent days. “If you know me, you know I’m committed to truth and fairness. Here’s the truth,” Linda Yaccarino wrote on X on Monday. “Not a single authentic user on X saw IBM’s, Comcast’s, or Oracle’s ads next to the content in Media Matters’ article. Only 2 users saw Apple’s ad next to the content, at least one of which was Media Matters. Data wins over manipulation or allegations.” Mr Musk, meanwhile, called the organisation “pure evil” in an X post of his own. Outside of the disputed accuracy of the Media Matters report, Mr Musk has openly endorsed a right-wing conspiracy theory on X in recent days, prompting criticism that he’s fueling antisemitism. Last Wednesday, the billionaire X owner responded to a tweet echoing claims of the racist and often antisemitic “great replacement” theory, including that Jewish people were “flooding” America with “hordes of minorities” to promote “dialectical hatred against whites.” Mr Musk called the claim “the actual truth.” The theory referenced in the original post was among the hateful ideas directly referenced by the gunman who killed 11 people at a Pittsburgh synagogue in 2018, the deadliest antisemitic attack in US history. “At a time when antisemitism is exploding in America and surging around the world, it is indisputably dangerous to use one’s influence to validate and promote antisemitic theories,” Jonathan Greenblatt, CEO of the Anti-Defamation League civil rights group, which monitors antisemitism and other forms of extremism, wrote on X in response to Mr Musk. The White House also weighed in, alleging the tech CEO was contributing to the spread of “abhorrent promotion of antisemitic and racist hate.” “It is unacceptable to repeat the hideous lie behind the most fatal act of antisemitism in American history at any time, let alone one month after the deadliest day for the Jewish people since the Holocaust,” the White House said in a statement. The Independent contacted Mr Musk during the backlash against his response to the post and did not receive an answer. Amid the controversy, Mr Musk has alternatively defended X’s content policies and appeared to mock critics who allege the network is harbouring hateful content. Last week, he shared a clip of someone playing a video game level called “Echo of Hatred,” with the caption “defeating hatred is never easy.” “Clear calls for extreme violence are against our terms of service and will result in suspension,” he wrote elsewhere on X on Friday. This summer, a study from the Center for Countering Digital Hate alleged X failed to take down 99 per cent of a selection of hate content flagged by the group. The group alleged that “the platform is allowing them to break its rules with impunity and is even algorithmically boosting their toxic tweets.” Read More Musk's X sues liberal advocacy group Media Matters over its report on ads next to hate groups' posts Elon Musk and Trump aide want journalists jailed over X Hitler exposé IBM pulls ads from Elon Musk's X after report says they appeared next to antisemitic posts Dates and venues for three 2024 presidential debates announced 2024 polls: Three presidential debates revealed for next year Torso found washed up on New York beach could be missing Irish filmmaker: NYPD
2023-11-21 11:29
Chinese Property Bonds, Shares Jump on Funding Support Plan
Chinese developers’ bonds and shares gained after authorities began drafting a list of 50 real estate firms that
2023-11-21 10:59
Ukrainian sniper ‘breaks world record after killing Russian soldier nearly 2.5 miles away’
A Ukrainian sniper claims to have broken the world record by killing a Russian soldier almost 2.5 miles away, with a custom rifle called ‘Lord of the Horizon’. The previous record was held by a Canadian special operations sniper at a distance of 2.2 miles in Iraq in 2017. In a press statement, the Security Service of Ukraine (SBU) said: “The SBU sniper set a world record for a successful shot. “He hit a Russian soldier from an incredible distance. “SBU snipers are changing the rules of world sniping, demonstrating the ability to work effectively at fantastic distances.” Video footage apparently capturing the shot was shared on various Ukrainian media outlets, which appears to show the target falling several seconds after the sniper fires his weapon. The weapon used was developed and made by MAYAK and is said to fire bullets that travel faster than the speed of sound for nearly 10,000ft if used with the correct ammunition. The world record was once held by British sniper Craig Harrison, after he killed Taliban fighter in Afghanistan in 2009 from a distance of 1.54 miles. A separate record is held by another British sniper who killed six Taliban fighters with one shot after it triggered the suicide vest one of them was wearing. The world-record comes just a year after Ukraine almost broke the record when one of its snipers shot a Russian soldier from 1.7miles away, thought the be the world’s second-longest combat kill. Over the weekend, Ukrainian soldiers have been using high-speed jet skis to conduct attacks, with the country saying they will continue to use them as weapons to combat Putin’s troops in occupied Crimea. Read More Iceland volcano eruption update: Magma ‘very close’ to surface Russia-Ukraine war live: Putin to give shock G20 speech as troops desert Donetsk Cyprus' president says his country is ready to ship aid to Gaza once a go-ahead is given
2023-11-21 10:45
Treasuries Climb to Erase 2023 Losses as Fed Cut Bets Blossom
This year’s wild ride for the world’s deepest debt market may conclude with a happy ending as Treasuries
2023-11-21 10:26
China’s Yuan Rises Above PBOC’s Fix for First Time Since July
China’s yuan strengthened beyond its daily reference exchange rate for the first time in four months, getting some
2023-11-21 10:19
Musk’s X Sues Media Matters Over Pro-Nazi Content Link
Elon Musk’s X Corp., formerly known as Twitter, accused Media Matters for America in a lawsuit of “maliciously”
2023-11-21 09:26
Lions Gate’s ‘Hunger Games’ Leads Box Office With $44.6 Million
The Hunger Games: The Ballad of Songbirds & Snakes opened as the top film in US and Canadian
2023-11-21 07:59
BlackRock Backs Capital Power in $1.1 Billion US Gas Plant Deal
Capital Power Corp. agreed to buy two US natural gas-fired power plants in a $1.1 billion deal that’s
2023-11-21 07:57