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the broadcaster will pay dominion 787 million dollars. the firm had accused fox of knowingly spreading false claims that machines were used to rig the election against donald trump. michelle fleury was at the courthouse for us. it was billed by some as the defamation trial of the century but at the 11th hour, both parties reached a settlement to avoid trial, which will see rupert murdoch s media empire pay out nearly $800 million. dominion had been seeking double that, arguing that lies broadcast by fox news hosts and guests about the company involving the 2020 us election had damaged its reputation. the voting technology company did not get an apology but dominion had plenty to say outside of the courthouse. 0ne lawyer saying that truth matters and lies have consequences. leaving court, the fox legal team were tight lipped but issued a written statement stating that the settlement reflected its continued commitment to the highest journalistic standards. despite putting this ....
we begin in the us, where time is ticking for tiktok. the chief of the social media app shou zi chew was grilled by us lawmakers over a range of issues, mostly related to the company s chinese ownership. his appearance before the congressional committee comes after the biden administration threatened to ban the social media app if the company s chinese owners didn t sell their stakes. tiktok is wildly popular in the states it has 150 million american users, which includes almost five million businesses. well, our north america business correspondent michelle fleury has been following the story in washington dc and sent this report. it was never going to be easy but from it was never going to be easy but from the moment the committee chairman opened the hearing. committee chairman opened the hearing, calling for tiktok to be banned in the united states, there be banned in the united states, there was be banned in the united states, there was no let up. the tikto ....
hello and a very warm welcome to the programme. elon musk has defended his decision to sack thousands of staff at twitter without warning. the world s richest man bought the social media platform last week. he tweeted that he was forced to make cuts because twitter was losing nearly $4 million a day. mr musk also attempted to allay concerns about the spread of hate speech, saying twitter s commitment to content moderation remained unchanged. here s our technology editor zoe kleinman. elon musk did not speak to any of the thousands of employees laid off today. instead he was a surprise guest at this investor conference in new york. meanwhile, many twitter staff woke up locked out of their work laptops. they were later told by an email to the personal accounts that it was their last working day at the firm. some have been told they will be paid until february next year, getting some sort of certainty after months of uncertainty. a mixed range of emotions, certainly upset, ....
so let s get down to business and we begin in the us where the world s most powerful central bank wraps up its monthly meeting later. it s a given the federal reserve will increase the cost of borrowing. the question is by how much. with recent inflation data flashing red the sentiment on wall street has been grim. on monday the s&p 500 entered a bear market after the index fell by more than 20% from january s recent high. our north america business correspondent, michelle fleury, has more from new york. this minnesota petrol station is letting customers know they share their frustration. skyrocketing fuel prices have helped drive up inflation, currently at a a0 year high. customers, our car coming up, ate her at her corolla and gets fuel and at $80, you can t know how much it hits home to people. how much it hits home to ”eole. ,, . , how much it hits home to n-eole. , . , ,, people. gas prices in the us hit a record people. gas prices in the us hit a record of pe ....
i ll take. . happy thursday, everybody. evi so as evidence piles up fromde shady overseas companies, shady loans and shady or beatings, one thing s for sure. g is like being president. old joe doesn t know a single thing about it. it even when slapped in the facein with an associated press poll showin t g 70% of americans, including 40% of democrats, believe he either acted illegally or% in regards to hs family s business dealings. and a new york post reporter had the nerve to ask him about it. usually says americans are americans and especially why you interacted with sowith many of your sunday brothers or business associates. i m not going brother commen. i did not. and it s just a bunch of lies. didn t interact with my associates. i did not. lies, lies, lie and lies. just a bunch of lies from lying liars who tell lying. sounds like a second grader being accused by his teacher of stealing a of somebody s lunchbox. he froze like a stripper outo in a igloo. or ....