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Australia central bank trims growth forecast

The Reserve Bank of Australia on Friday cut growth forecasts for this year and next, citing the effects of a weaker housing market. The central bank said growth would reach 2.5 percent in the middle of this year, well down from the 3.25 percent it previously projected. Bill Evans, an...

May, Juncker agree new Brexit talks after 'robust' meeting

Britain and the EU agreed Thursday to hold more talks to try to avoid a no-deal Brexit after a "robust" meeting between Prime Minister Theresa May and European Commission chief Jean-Claude Juncker. Juncker reiterated in a joint statement that the EU-UK divorce agreement struck in November...

Facebook restructures kids team in quest for youth

Facebook on Thursday announced it had restructured its team devoted to products or features designed to increase the social network's appeal to younger generations. Nascent projects such as a "LOL" platform for funny memes were taken off the board at the "youth team," which shifted focus to...