SAN FRANCISCO: Facebook will prioritize “trustworthy” news in its feed of social media posts, using member surveys to identify high-quality outlets and fight sensationalism and misinformation, Chief Executive Mark Zuckerberg said on Friday. The company, which has more than 2 billion monthly users, said its members, not experts or Facebook executives, would determine how news outlets rank in terms of trustworthiness. It also said it would put an emphasis on local news sources. The move is likely to send shockwaves…
LONDON: British manufacturing shrank at its fastest pace in more than three years in July and business confidence tumbled following the Brexit vote, according to surveys that show an increased chance of a recession ahead.
LONDON: Signs China's economic slowdown is deepening and weak growth in Europe and the U.S. reported on Friday further damaged the outlook for the global economy, sending stocks and commodity prices reeling.