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US stocks plunge following global rout

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New York: US stocks extended losses in the morning session Tuesday as a renewed broad-based sell-off around the world rattled nervous investors. By midday, the Dow Jones Industrial Average slumped 314.56 points (1.90 percent), to 16,213.47. The S&P 500 dropped 36.43 points (1.85 percent), to 1,935.75. The Nasdaq Composite Index shed 67.98 points (1.42 percent), to 4,708.52. Tokyo equities dived with its benchmark Nikkei stocks index plunging 3.84 percent on Tuesday amid weak performances in other stocks markets.

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www.abc.net.au

Chinese shares slumped for a second day on Tuesday on weak economic data, with the benchmark Shanghai Composite Index dipping 1.23 percent to end at 3,166.62 points. China’s manufacturing purchasing managers’ index (PMI) came in at 49.7 in August, down from 50 for July and the lowest since August 2012, according to official data released Tuesday morning. European stocks also traded sharply lower as the heavy falls across the board weighed on market sentiment.

Adding more pessimism to the market, US economic data came out negative. The US August manufacturing PMI registered 51.1 percent, missing market consensus of 52.8 percent and a decrease of 1.6 percentage points from the July reading of 52.7 percent, said the Institute Supply Management (ISM) Tuesday. Meanwhile, the Department of Commerce announced on Tuesday that construction spending during July 2015 was estimated at a seasonally adjusted annual rate of 1,083.4 billion US dollars, 0. 7 percent above the revised June estimate, slightly below market expectations. On Monday, US stocks declined as recent economic data fueled speculations that the Federal Reserve would begin raising interest rates from September.

(IANS)

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Facebook Introduces Free Online Education Programme in The US

The "We do" module lets educators and students learn together. And the "You do" is designed to help students practice their new skills

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Facebook likely to launch camera-equipped hardware for TVs. Pixabay

Facebook has launched in the US free online education programme CodeFWDTo to increase the numbers of underrepresented and female students interested in pursuing computer programming.

“We’re working on a number of initiatives like CodeFWD to widen the pipeline of diverse talent studying computer science so the next generation of tech innovators reflects and incorporates diverse perspectives, building a future that benefits us all,” Lauryn Ogbechie, Education Partnerships Director at Facebook, said in a statement on Tuesday.

Created in partnership with connected toys maker Sphero, CodeFWD by Facebook, has been designed for both English and Spanish speakers.

It is a three-step programme where educators and organisations introduce computer programming to 4th to 8th grade students.

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Facebook App on a smartphone device. (VOA)

With the first module “I do”, CodeFWD prepares educators to introduce the basics of computer programming to their students, even as they may be discovering the concepts themselves.

The “We do” module lets educators and students learn together. And the “You do” is designed to help students practice their new skills.

Also Read- Actress Disha Patani Can’t Judge Herself in Terms of Acting

“After completing these three steps, educators who want to continue developing their students’ coding skills using a tangible, hands-on product can apply to earn a free classroom set of programmable robots from our partners at Sphero,” Ogbechie said. (IANS)

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