BRUSSELS, BELGIUM - The European Union has called on Facebook and other platforms to invest more in fact-checking, but a new study shows those efforts may rarely reach the communities worst affected by fake news. The analysis by big-data firm Alto Data Analytics over a three-month period ahead of this year's EU elections casts doubt on the effectiveness of fact-checking even though demand for it is growing. Facebook has been under fire since Russia used it to influence the election that brought Donald Trump to power. The company quadrupled the number of fact-checking groups it works with worldwide over the last year and its subsidiary WhatsApp launched its first fact-checking service. The EU, which has expanded its own fact-checking team, urged online platforms to take greater action or risk regulation. Fact-checkers are often journalists who set up non-profits or work at mainstream media outlets to scour the web for viral falsehoods. Their rebuttals in the form of articles, blog posts … [Read more...] about Fake news fact-checks hobbled by low reach, study shows
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Asian shares fall as bets off on sharp U.S. rate cuts
SYDNEY: Asian shares fell on Monday after strong U.S. jobs data tempered expectations for a Fed rate cut, while the Turkish lira hovered near two-week lows on worries about central bank independence. Share sentiment was also dampened by U.S. investment bank Morgan Stanley's decision to reduce its exposure to global equities due to misgivings about the ability of policy easings to offset weaker economic data. Asian shares were broadly weaker on Monday, tracking Wall Street which fell from record highs last week. MSCI's broadest index of Asia-Pacific shares outside Japan lost more than 1%, with every market in the red. Japan's Nikkei faltered 0.9%. Chinese shares started lower with the blue-chip index off 1.7% and Hong Kong's Hang Seng index down 1.5%. South Korea's KOSPI was off 1.8% and Australian shares slipped about 1% to a five-week low. "We are lowering our exposure to global equities to the range we consider 'underweight'," Morgan Stanley's London-based strategist Andrew Sheets … [Read more...] about Asian shares fall as bets off on sharp U.S. rate cuts
Asian shares fall as bets off on sharp US rate cuts
SYDNEY: Asian shares fell on Monday after strong U.S. jobs data tempered expectations for a Fed rate cut, while the Turkish lira hovered near two-week lows on worries about central bank independence.Share sentiment was also dampened by U.S. investment bank Morgan Stanley's decision to reduce its exposure to global equities due to misgivings about the ability of policy easings to offset weaker economic data.Asian shares were broadly weaker on Monday, tracking Wall Street which fell from record highs last week.MSCI's broadest index of Asia-Pacific shares outside Japan lost more than 1per cent, with every market in the red.Japan's Nikkei faltered 0.9per cent. Chinese shares started lower with the blue-chip index off 1.7per cent and Hong Kong's Hang Seng index down 1.5per cent.South Korea's KOSPI was off 1.8per cent and Australian shares slipped about 1per cent to a five-week low."We are lowering our exposure to global equities to the range we consider 'underweight'," Morgan … [Read more...] about Asian shares fall as bets off on sharp US rate cuts
‘God is good’: Gary V shares journey to being cancer-free
'God is good': Gary V shares journey to being cancer-free MANILA, Philippines — Kapamilya singer Gary Valenciano has revealed that after undergoing a heart bypass surgery, he also had another health issue: kidney cancer. In his Twitter account, "Mr. Pure Energy" posted a video where he admitted that he also battled kidney cancer. "It was May of last year that I was given a life-changing diagnosis of cancer in my right kidney," Gary bared. "This was revealed to me as I was healing from a bypass procedure done last May 6, 2018. A few weeks later, on June 13, 2018, I underwent surgery to remove the cancer from my kidney," he added. The veteran performer said he just shared the news for people to see how good God is. "Just needed to share this with you all. God bless you in ways that will simply make you see just how good He really is," he said. He thanked his family, friends and fans for all the love and support he received during the … [Read more...] about ‘God is good’: Gary V shares journey to being cancer-free
Facebook trumps radio, newspaper as news source: SWS
MANILA — One in 5 Filipino adults use Facebook daily as a source of news, higher compared to the combined number of those who rely on radio and newspapers, according to a Social Weather Stations (SWS) survey released Saturday. The March 28 to 31 poll found that 21 percent of adult Filipinos or an estimated 13.9 million individuals use Facebook daily for reading the news. A majority 60 percent or 40.4 million adults still consume news daily through television, while only 15 percent do so through radio and only 2 percent read newspapers daily, said SWS. "Thus, Facebook as a daily news source is more common than radio and newspapers combined, and is second only to television," the pollster noted. FACEBOOK MEMBERSHIP As of March 2019, 99 percent of adults who use the internet or around 30.3 million individuals have a Facebook account, said SWS. YouTube is the second most popular social media site among adult Filipinos, with 11.7 million individuals … [Read more...] about Facebook trumps radio, newspaper as news source: SWS