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Update: Facebook profits up but hours spent by users down

The online giant reports a 61% rise in profits

The social media giant reports a 61% rise in profits but founder Mark Zuckerberg tells investors that users are collectively spending 50 million hours less on the network. Also the US Fed leaves rates unchanged but says it expects inflation to rise this year. We analyse that with economist Jeffrey Miron of Harvard University. Presenter Fergus Nicoll is in Kentucky, speaking to businesses and workers about President Trump's policies a year since his inauguration. And the British campaign group Stonewall has revealed what it believes are the UK's most lesbian, gay, bisexual, and transgender inclusive employers.

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27 minutes

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