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West African posts $567m profit
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eSafety Warned Elon Musk’s X Child Abuse Material Was ‘Particularly Systemic’ on the Platform
The eSafety commissioner has warned Elon Musk’s X about the availability and accessibility of child abuse material on the platform.
It can be recalled the X’s Grok came under fire earlier this year for generating illegal deepfake images that have sexually depicted women and children.
eSafety Says Child Abuse Material is ‘Particularly Systemic’ on X
The revelations were made in a letter that Guardian Australia was able to obtain under freedom of information laws.
In the letter, eSafety’s general manager of regulatory operations, Heidi Snell, said that “the availability of CSEM [child sexual exploitation material] continues to appear particularly systemic on X”.
“eSafety has not identified CSEM to be as readily accessible on any other mainstream service,” Snell added.
While the letter acknowledges X’s efforts to reduce the number of such material on the platform, Snell said that they were still rather prevalent as seen in hashtags advertising CSEM.
“We are concerned that apparently innocuous hashtags appear to be coopted to advertise CSEM, particularly when used together,” Snell said.
The Guardian notes in its report that it was unable to retrieve X’s response to eSafety’s letter.
Grok’s Deepfake Scandal
It can be recalled that X was embroiled in a scandal back in January when Grok began to generate sexualised content.
At that time, eSafety released a statement, saying that it “remains concerned about the use of the generative AI system Grok on X to generate content that may sexualise or exploit people, particularly children.”
While eSafety acknowledged that it was only getting a small number of reports on the issue, it already wrote to X regarding the matter.
“Additional mandatory codes will commence on 9 March 2026, which create new obligations for AI services, among others, to limit children’s access to sexually explicit content, as well as violent material and themes related to self-harm and suicide,” eSafety added in its statement.
Business
VNQ: REIT ETFs Are Not Suitable For Income (NYSEARCA:VNQ)
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Rupee falls 14 paise to 92.42 against US dollar in early trade
Subdued domestic equity markets and elevated American currency also weighed on the local unit even as investors moved cautiously, awaiting the interest rate decision of the US Federal Reserve, according to forex traders.
At the interbank foreign exchange, the local unit opened at 92.35 and fell further to trade at 92.42 against the US dollar, registering a 14-paise decline from its previous closing level.
The local unit ended Monday’s session with a marginal gain of 2 paise at 92.28 against the dollar.
The rupee, one of the worst-performing Asian currencies, touched its lowest intra-day level of 92.47 at the end of the previous week before closing the session at 92.30 against the dollar, its lowest-ever closing level until Friday.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.19 per cent higher at 99.65.
Brent crude, the global oil benchmark, was trading higher by 2.68 per cent at USD 102.87 per barrel in futures trade. On the domestic equity market front, the Sensex declined 91.62 points, or 0.12 per cent, to 75,411.23 in early trade, while the Nifty fell 34.25 points, or 0.15 per cent, to 23,374.55.
The latest government data released on Monday showed the country’s trade deficit narrowed to USD 27.1 billion in February compared to January.
Merchandise exports dropped marginally by 0.81 per cent to USD 36.61 billion, while imports increased by 24.11 per cent to USD 63.71 billion in February this year from USD 51.33 billion recorded a year ago.
Foreign institutional investors sold equities worth Rs 9,365.52 crore on a net basis on Monday, according to exchange data.
Business
Easter holidaymakers switching from Dubai to Spain as flights fill up
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Business
Growth Plans, Asset Optimization, and Future Investment Strategies
Indonesia’s Danantara, a sovereign investment platform, supports long-term growth by directing capital into key sectors, improving SOE performance, and aiming for $50 billion annual returns.
Indonesia’s Sovereign Investment Platform: Danantara
Indonesia’s sovereign wealth fund, Danantara, has completed its first year, marking a significant step in the country’s long-term economic planning. Positioned at the core of Indonesia’s strategy, Danantara aims to direct national capital toward critical sectors and large-scale development projects, moving beyond merely holding state enterprise assets. This shift reflects Indonesia’s commitment to fostering sustainable economic growth through strategic investments.
Strategic Goals and Sector Oversight
The platform manages a diverse portfolio across key industries such as banking, energy, telecommunications, infrastructure, and mining. Its role is to facilitate targeted investments that support industrial expansion and improve infrastructure. Early indicators show that Danantara is beginning to align state assets with national economic priorities, laying a foundation for broader economic stability and growth.
Asset Management and Future Ambitions
Danantara has set ambitious financial targets, aiming to generate around US$50 billion annually with a 5% return on assets. While comprehensive performance data remains limited due to ongoing restructuring, initial reports highlight a substantial 300% improvement in the return on assets of SOEs under its management. These early results suggest that governance reforms are effectively bolstering asset performance.
Read the original article : Indonesia’s Danantara After Year One: Growth Targets, Asset Consolidation, and Investment Implications
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