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United Kingdom

Euro drops after French bond auction

The euro has dropped to its lowest rate against the dollar in 16 months after France sold 8bn euros ($10.3bn, £6.6bn) of bonds at an auction.

blogSourcesWORLDCRUNCHUnited KingdomCountries

(BBC NEWS) London - The euro fell to $1.2831 against the dollar and was at an 11-year low versus the yen.

France paid an interest rate of 3.29% to borrow for 10 years, up from 3.18% at the last sale in December.

Many investors fear that France is poised to lose its top credit rating, making it more expensive to borrow.

Markets were also unsettled after Luis de Guindos, Spain's economy minister, told the Financial Times that its banks may face up to 50bn euros in new bad loans - higher than previous public estimates by the government.

Later on Thursday, Spain will unveil more austerity measures.

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Society
social media dangers

Who Is Responsible For The Internet's Harm To Society?

A school in the US is suing social media giants for damage done to children's well-being. But fining tech giants is a feeble response to their attacks on society's welfare.

a young boy looking at a smartphone

Are parents, website owners or government oversight bodies for to blame for the damage done to children and young adults?

Andi Graf/pixabay
SocietyCLARINArgentinaUSASourcesfeatured-postCountriesUnited States
Mónica Graiewski

BUENOS AIRES - In January 2023, schools in Seattle in the United States took court action against the websites TikTok, Instagram, Facebook, YouTube and Snapchat, seeking damages for losses incurred from the psychological harm done to their pupils.

They maintained that behavioral anomalies such as anxiety, depression and eating disorders were impeding pupils' education and had forced schools to hire mental health experts, develop special educational plans and provide extra training for teachers.

Here in Argentina just days after that report, two teenagers died from taking part in the so-called "blackout challenge" on TikTok.

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Clarin is the largest newspaper in Argentina. It was founded in August 1945 and is based in Buenos Aires.
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