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UBS's latest report shows a record increase in billionaires worldwide, reaching 2,919 with collective wealth of $15.8 trillion. Women are outpacing men in wealth growth for four consecutive years, and inheritance continues to drive the rise, especially in the US and Europe. The billionaire class is diversifying and expanding rapidly.
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Latvia's parliament votes on withdrawing from the Council of Europe treaty aimed at supporting victims of violence. The move follows criticism from conservative groups claiming the treaty promotes gender ideology. President Rinkēvičs will review the law, with options including a referendum or reassessment.
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Meta is purchasing environmental attributes of solar projects in Louisiana, adding to its renewable energy portfolio. Meanwhile, other tech companies are investing in natural gas plants and nuclear reactors in Texas and Iowa to meet rising AI data center power demands. The shift reflects a mix of renewable and fossil fuel investments amid grid constraints.
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As of November 25, 2025, Character.AI will prohibit users under 18 from engaging in open-ended chatbot conversations following lawsuits linking its AI companions to teen suicides. The company will implement age verification and daily chat limits, shifting younger users toward AI-driven creative tools like video and story generation amid growing regulatory scrutiny in the US.
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In late 2025, President Donald Trump began demolishing the historic East Wing of the White House to build a $300 million, 90,000-square-foot ballroom funded by corporate donors. The project has sparked bipartisan criticism over the destruction of a century-old building, displacement of the First Lady's office, and concerns about donor influence amid a government shutdown.
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North Korea has condemned US sanctions targeting cybercrime networks linked to its regime, asserting that these measures will not alter its strategic stance. Meanwhile, the US and allies have imposed new sanctions on North Korean hackers and financial entities accused of laundering over $3 billion to fund nuclear programs, amid ongoing diplomatic stalemates.
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Stock markets declined on Tuesday amid fears of overvaluation, especially in AI stocks like Palantir, which fell despite strong earnings. Major banks forecast a possible 10-20% correction within the next year, but some investors see recent dips as healthy pullbacks in a long-term bull trend.
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Recent reports detail a rise in cybercrime, including North Korean hacking schemes, phishing kits sold by Chinese groups, and UK fraud prevention efforts. Authorities are deploying AI, call tracing, and international cooperation to combat these threats, which impact millions globally and target individuals, businesses, and governments.
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Cursor and Gamma exemplify new hiring strategies in AI, focusing on unconventional recruitment and lean operations. Cursor employs aggressive, global recruiting and practical assessments, while Gamma raises significant funding with a small team. ElevenLabs emphasizes European talent and remote work, challenging traditional hiring norms.
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As of December 2025, major tech firms including HP, Amazon, Meta, and IBM are accelerating AI adoption, leading to thousands of job cuts and workforce shifts. HP plans to cut up to 6,000 jobs by 2028, citing AI-driven productivity gains. Meanwhile, AI-assisted "vibe coding" has been named Collins Dictionary's 2025 word of the year, reflecting a transformative shift in software development and workplace culture.
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Elon Musk's AI startup, xAI, is reportedly valued at $230 billion following a new funding round, nearly doubling its previous valuation. The company is investing heavily in AI infrastructure, including supercomputers, amid ongoing debates over environmental impact, AI safety, and social influence. Musk's broader business ventures remain intertwined with xAI's growth.
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Recent articles highlight contrasting approaches to economic growth and governance. US debates focus on taxing the wealthy and attracting business, while UK local leaders emphasize practical solutions like public transport and affordable housing. Both stories reflect broader tensions between economic policies and community needs, with implications for future policy directions. Today's date: Sat, 15 Nov 2025 11:20:12 +0000.
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U.S. data centers are expanding rapidly, raising concerns over energy demands and rising utility bills. Lawmakers question the accuracy of utility forecasts and the risk of taxpayers footing the bill for unnecessary infrastructure. The story highlights regional debates and regulatory efforts to address these issues.
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The European Commission is moving to delay and relax key digital regulations, including AI and data privacy laws, citing the need to boost competitiveness. Critics warn this marks a retreat from Europe's leadership in digital rights, amid US and Chinese competition. The changes aim to simplify rules for businesses, especially startups, but raise concerns over privacy and innovation.
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Yann LeCun, Meta's chief AI scientist and a pioneer in neural networks, is departing to establish a startup focused on advanced AI that understands the physical world. Meta will partner with the new venture amid ongoing internal restructuring and shifting AI priorities.
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Meta has announced it will restrict access for Australian users aged 13-15 starting December 4, ahead of a new law requiring social media platforms to exclude under-16s. The law, effective December 10, aims to protect minors but raises concerns over privacy and effectiveness.
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Australia will enforce a law from December 10 that bans social media platforms including Facebook, Instagram, TikTok, and Twitch from allowing users under 16. The law aims to protect minors from online harm, with penalties up to A$49.5 million for non-compliance. Twitch plans to deactivate underage accounts from January 9.
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Australia plans to enforce a ban on social media accounts for users under 16 starting December 10, aiming to protect children from online harms. The government is reviewing mechanisms used in other countries, including Malaysia, to implement age restrictions and ensure platform compliance.
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Children in Gaza are suffering severe psychological and developmental impacts due to ongoing conflict and infrastructure destruction. Thousands with autism face regressions, while many children require urgent mental health support amid restricted aid and continued violence. UN and local efforts aim to address these crises.
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From December 10, Australia enforces a pioneering law banning under-16s from major social media platforms including TikTok, Instagram, and YouTube. Companies face fines up to A$49.5 million for non-compliance. Platforms must block underage accounts, with Meta and TikTok already notifying users. The law aims to protect youth mental health but faces a High Court challenge over free speech rights.
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The European Parliament has approved a non-binding resolution calling for an EU-wide ban on social media access for children under 16, with stricter limits for those under 13. The move aims to address concerns over mental health and addictive design features, amid ongoing debates and Australia's upcoming social media ban for under-16s.