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Facebook changes its company name to Meta
Facebook Inc is now called Meta, the company said on Thursday, in a rebrand that focuses on building the “metaverse,” a shared virtual environment that it bets will be the successor to the mobile internet.
The name change comes as the world’s largest social media company battles criticisms from lawmakers and regulators over its market power, algorithmic decisions and the policing of abuses on its services.
CEO Mark Zuckerberg, speaking at the company’s live-streamed virtual and augmented reality conference, said the new name reflected its work investing in the metaverse, rather than its namesake social media service, which will continue to be called Facebook.
The metaverse is a term coined in the dystopian novel “Snow Crash” three decades ago and now attracting buzz in Silicon Valley. It refers broadly to the idea of a shared virtual realm which can be accessed by people using different devices.
“Right now, our brand is so tightly linked to one product that it can’t possibly represent everything that we’re doing today, let alone in the future,” said Zuckerberg.
The company, which has invested heavily in augmented and virtual reality, said the change would bring together its different apps and technologies under one new brand. It said it would not change its corporate structure.
The tech giant, which reports about 2.9 billion monthly users, has faced increasing scrutiny in recent years from global lawmakers and regulators.
In the latest controversy, whistleblower and former Facebook employee Frances Haugen leaked documents which she said showed the company chose profit over user safety. Haugen has in recent weeks testified before a U.S. Senate subcommittee and lawmakers in the UK’s Parliament. Zuckerberg earlier this week said the documents were being used to paint a “false picture.”
The company said in a blog post that it intends to start trading under the new stock ticker it has reserved, MVRS, on Dec. 1. On Thursday, it unveiled a new sign at its headquarters in Menlo Park, California, replacing its thumbs-up “Like” logo with a blue infinity shape.
Facebook shares closed 1.5% higher at $316.92 on Thursday.
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IEA ambassador meets top Chinese diplomat for Asia
Bilal Karimi, the Ambassador of the Islamic Emirate in Beijing, met on Thursday with Liu Jinsong, head of the Asian Department of China’s Ministry of Foreign Affairs, and Yue Xiaoyong, China’s Special Representative for Afghanistan. The officials discussed political, economic, and commercial relations between the two countries, the activation of the Wakhan corridor, consular affairs, and other related issues.
According to a statement from the Embassy of Afghanistan in China, Karimi praised China’s positive stance toward Afghanistan and considered cooperation between the two countries necessary.
The statement added that Liu and Yue, while respecting Afghanistan’s independence, territorial integrity, and sovereignty, also emphasized the continuation of cooperation.
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Afghanistan facing deepening hunger crisis after US Aid Cuts: NYT reports
Afghanistan has plunged deeper into a humanitarian crisis following sharp cuts to U.S. aid, with child hunger at its worst level in 25 years and nearly 450 health centers forced to close, the New York Times reported.
According to the report, U.S. funding — which averaged nearly $1 billion a year after the Islamic Emirate takeover in 2021 — has largely evaporated following the dismantling of the U.S. Agency for International Development (USAID) under President Donald Trump.
The World Food Program (WFP) estimates that four million Afghan children are now at risk of dying from malnutrition.
The aid cuts have hit rural areas particularly hard, leaving families without access to basic health care. In Daikundi province, the closure of local clinics has been linked to preventable deaths during childbirth and rising child mortality.
Nationwide, more than 17 million Afghans — about 40 percent of the population — face acute food insecurity, with seven provinces nearing famine conditions, the report said.
The crisis has been compounded by mass deportations of Afghan refugees from Iran and Pakistan, deadly earthquakes, and ongoing drought. While other donors and Afghan authorities have tried to fill the gap, their efforts fall far short of previous U.S. assistance, the NYT reported.
Humanitarian groups warn the impact will be long-lasting. Researchers cited by the New York Times say sustained malnutrition could damage an entire generation, with consequences that cannot be reversed even if aid resumes in the future.
However, the spokesperson of the Islamic Emirate, Zabihullah Mujahid, considers the findings of this report to be inaccurate and said that the situation in Afghanistan is not as dire as it is portrayed, and that the country’s situation is moving toward improvement.
“In our view, this report is not correct. We have gone through difficult times and experienced problems such as a humanitarian crisis. At one point, we suffered very heavy casualties and our people faced many difficulties, but now the situation of most people is improving. The country’s economy is moving in a positive direction, to some extent job opportunities have been created for unemployed people, efforts are still ongoing, and Afghanistan’s economic resources have been revived,” said Mujahid.
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Uzbekistan, Kazakhstan discuss cooperation on Afghanistan
Ismatulla Irgashev, Special Representative of the President of Uzbekistan for Afghanistan, met on Tuesday with Beibut Atamkulov, Kazakhstan’s Ambassador to Uzbekistan, to discuss bilateral cooperation on Afghanistan.
The two sides highlighted their commitment to maintaining regular dialogue aimed at addressing the Afghan issue, according to a statement issued by Uzbekistan foreign ministry.
Atamkulov praised Uzbekistan’s efforts to help shape a unified regional position on Afghanistan.
The meeting also included discussions on involving Afghanistan in regional connectivity initiatives, particularly the implementation of the Trans-Afghan railway project.
Officials described the meeting as constructive and reaffirmed mutual interest in further developing practical cooperation between Tashkent and Astana.
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