The report flood
Meta's share rushes 20 percent on "efficiency year"
Facebook's parent company Meta rushes around 20 percent in pre-trade on Wall Street after Mark Zuckerberg's statement during yesterday's report release about "a year of streamlining", writes Bloomberg.
According to Zuckerberg, the tech giant's organization will become flatter, which means that several middle managers will be forced to leave the company. In addition, investment must be made in the development of AI tools to make engineers more productive.
If the stock rally holds at this afternoon's stock market opening, Meta's market capitalization looks set to increase to over $200 billion. In that case, this means that the stock has recovered more than 72 percent since the bottom in November last year.
"In the future, we will probably look back on 2023 as the year when the feeling around Meta's stock shifted," writes Barclays analyst Ross Sandler in a client letter.
Christine Lagarde, head of the ECB. Michael Probst / AP
Economy
The ECB raises interest rates by 50 basis points - may also raise in March
As expected, the ECB raises interest rates by 50 points to the highest levels since the financial crisis in 2008.The deposit rate is raised to 2.5 percent and the key rate to 3 percent. Both increases were in line with the Trading Economics consensus forecast.
At the same time, the central bank is flagging for a further increase of 50 points in March
"In light of underlying inflationary pressures, the Governing Council intends to raise interest rates by a further 50 basis points at its next policy meeting in March and will then assess the subsequent path of monetary policy," the ECB writes.
Image from protest in Pakistan, January 27. Ikram Suri / AP
Reactions to the Koran burnings
"Worrying" negative image spread after Paludan's action
The Swedish Institute, which analyzes the image of Sweden in other countries, has never seen such "enormous reporting on the image of Sweden" as after Rasmus Paludan's Koran burning. This is what the authority's director general Madeleine Sjöstedt tells DN.
The reporting is considerably more comprehensive than during the corona pandemic, when the Swedish strategy received a lot of focus. The image being conveyed now is that Sweden tolerates terrorism and that we are Islamophobic, according to Sjöstedt. She emphasizes that things like the treatment of one's own and other populations, and the view of religion, affect the image of Sweden.
- It is worrying.
The authority has also reported several threats, but it is not clear to what extent or against whom.
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