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Facebook parent Meta reveals 55% drop in profits after mass layoffs | Business News
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Facebook’s parent firm recorded a 55% drop in profits during the final quarter of 2022 – the result of a $4.2bn restructuring charge that included the cost of thousands of job cuts. Meta Platforms, which also includes WhatsApp and Instagram in its stable, said its net income profit measure slumped to $4.65bn between October and…
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Earth risks losing 40% of glacial mass if it doesn’t give up fossil fuels, projection warns | Climate News
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More than 40% of Earth’s glacial mass could disappear if humanity keeps investing in fossil fuels, warns a stark new projection. The bleak scenario would mean more than two thirds of the total number of glaciers would vanish by the end of the century, contributing to ever-increasing sea levels around the world. Lead researcher David…
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Elon Musk debuts Tesla’s first humanoid robot with eye on mass market | Business News
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Elon Musk has unveiled a prototype of Tesla’s humanoid robot Optimus, which the electric car maker aims to mass produce in the millions and sell for under £18,000. The billionaire tycoon said he expected the company would be ready to take orders in three to five years. Musk said the venture could outstrip that of…