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Rolls-Royce to reinstate dividend for first time since pandemic

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Rolls-Royce to reinstate dividend for first time since pandemic

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Rolls-Royce has raised its profit forecast and plans to pay a dividend for the first time since the pandemic as chief executive Tufan Erginbilgiç’s efforts to restore the UK engineering group’s fortunes pay off.

Shareholders in the FTSE 100 company, whose engines power civil aircraft, submarines and military jets, last received a payout in 2020, shortly before the pandemic.

Announcing its first-half results on Thursday, Rolls-Royce said it would resume payouts at its full-year results. Payments will start at a 30 per cent payout ratio of underlying profit and then shift to a ratio of between 30 per cent and 40 per cent a year.

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Shares in Rolls-Royce surged 10 per cent in early trading after the announcement, taking their gains this year to over 60 per cent.

Since taking over as chief executive in early 2023, Erginbilgiç has focused on rebuilding the group’s balance sheet and improving its profitability.

Rolls-Royce is also benefiting from the rebound in international travel as the company makes most of its money maintaining and servicing its engines when they are flying.

Alongside the resumption of the dividend, Rolls-Royce increased its forecast for underlying operating profit this year to between £2.1bn and £2.3bn. It is targeting free cash flow of between £2.1bn and £2.2bn, higher than its previous guidance of £1.7bn to £1.9bn.

The company is “expanding the earnings and cash potential of the business in a challenging supply chain environment, which we are proactively managing”, Erginbilgiç said on Thursday.

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Revenues in the first six months of the year rose to £8.1bn, up from £6.9bn a year ago. Underlying operating profit surged to £1.15bn from £673mn.

Despite the strong results, Erginbilgiç warned that the supply chain environment remained difficult. The industry has struggled with a shortage of skilled labour and key components coming out of the pandemic, which has hampered plans by Airbus and Boeing to ramp up production of aircraft.

Erginbilgiç said he expected the supply chain challenges to last for another 18 to 24 months.

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Zuckerberg grilled about Meta’s strategy to target ‘teens’ and ‘tweens’

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Zuckerberg grilled about Meta’s strategy to target ‘teens’ and ‘tweens’

Meta CEO Mark Zuckerberg arrives at the Los Angeles Superior Court ahead of the social media trial tasked to determine whether social media giants deliberately designed their platforms to be addictive to children on Feb. 18, 2026. Zuckerberg is scheduled to testify Wednesday.

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Frederic J. Brown/AFP via Getty Images

Meta CEO Mark Zuckerberg was clearly getting testy.

“That’s not what I’m saying at all,” said the tech billionaire. “I think you’re misunderstanding what I’m saying,” Zuckerberg responded. “You’re mischaracterizing what I’m saying,” he shot back.

The executive was testifying on Wednesday before a jury in Los Angeles in a marquee social media trial accusing Meta of deliberately designing features of Instagram to addict children, and the legal team for the family suing was intent on showing that Zuckerberg’s fingerprints were all over the company’s big decisions.

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Mark Lanier, a Texas trial lawyer and pastor with a folksy courtroom demeanor, directed Zuckerberg’s attention to a 2020 internal Meta document showing that 11-year-olds were four times as likely to keep coming back to Facebook, compared to older users. Instagram’s minimum age for signing up is 13.

“People who join Facebook at 11 years old? Lanier asked Zuckerberg. “I thought y’all didn’t have any of those?”

Lanier then went over Meta internal documents highlighting goals to increase the time 10-year-olds spend on Instagram.

“I don’t remember the context of this email from more than ten years ago,” Zuckerberg said. “I think the way we should build things is to build useful services for people to connect with their family and friends and learn about the world.”

One 2018 internal Meta document stated “If we wanna win big with teens, we must bring them in as tweens,” Lanier pointed out, saying that undercut Meta’s own policies.

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The legal team representing the plaintiff, a 20-year-old California woman known in court documents as “Kaley,” attempted to demonstrate that the top-down goal of Meta has always been to encourage users to get on their platforms as young as possible, and once there, to figure out ways to keep them around. Often features like “beauty filters,” made the app more alluring, Lanier argued.

When the company hired experts who affirmed that such appearance-enhancing filters contributed to body-image issues among young girls, Zuckerberg would not dispense with the filters tools, calling getting rid of them was “paternalistic.”

Under questioning in court, the billionaire Facebook founder responded: “What we allowed was letting people use those filters if they wanted but deciding not to recommend them to people,” he said. “So that was the balance we came to to let people express themselves the way they want.”

Kaley, who’s also identified as KGM in court documents, often used these filters, which her lawsuit says contributed to body dysmorphia and other mental health issues.

Had Zuckerberg looked at Kaley’s Instagram posts before the trial, Lanier asked? His staff had shown him some, he responded.

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Files are brought inside the Los Angeles Superior Court on Feb 18, 2026 as part of a major trial involving Meta and Google over whether their products harm young people.

Files are brought inside the Los Angeles Superior Court on Feb 18, 2026 as part of a major trial involving Meta and Google over whether their products harm young people.

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That’s when Lanier, who is known for orchestrating spectacles at trial, had five lawyers unspool a roughly 20-foot collage of hundreds of photos that Kaley posted to Instagram. Lanier implored Zuckerberg to dwell on the posts. Other observers in the room, including the media, were not able to see the photos.

When it was time for Meta’s lawyer to ask Zuckerberg questions, he emphasized that the company does not have an incentive for people to have harmful experiences on its services.

“From a business perspective, people think if we maximize the amount of attention people spend, that that’s good for us,” Zuckerberg said. “But if people feel like they’re not having a good experience, why would they keep using the product?”

Keeping users safe, especially teen users, has always been a priority, Zuckerberg said.

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“Questions about well-being I consider part of this for sure,” he said. “If you build a community and people don’t feel safe, that’s not sustainable and eventually people go and join another community.”

1,600 other plaintiffs

The appearance of Zuckerberg, the star witness of the trial, came in the second week of what’s expected to be a six-week proceeding. Other tech executives, social media specialists, addiction experts and others have also testified.

Kaley, the plaintiff, is expected to deliver the most emotional testimony later in the trial. Her lawsuit claims she began using social media at age 6, including YouTube, Instagram, TikTok and Snap. After becoming hooked on the platforms, she said her body image issues, depression and suicidal thoughts worsened. The suit points to features like beauty filters, infinite scroll and auto-play as being tantamount to a “digital casino.” Evidence of the harms of these features were concealed from the public, the lawsuit says.

Julianna Arnold, whose daughter died from fentanyl she bought from someone on Instagram, talks about watching Mark Zuckerberg testify outside the Los Angeles Superior Court on Feb. 18, 2026.

Julianna Arnold, whose daughter died from fentanyl she bought from someone on Instagram, talks about watching Mark Zuckerberg testify outside the Los Angeles Superior Court on Feb. 18, 2026.

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In response, Meta and Google, which owns YouTube, have said the accusations over-simplify the complexity of adolescent mental health issues. The companies argue social media use does not directly cause young people to be mentally unwell, so they should not be held legally liable for a user’s mental health struggles.

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Kaley’s legal team called expert witnesses who described multiple studies linking regular social media use with worsening depression, anxiety and body image issues.

The jury will determine to what degree social media platforms should be held legally culpable for plaintiff Kaley’s struggles. The trial is a bellwether case tied to 1,600 similar suits filed by families and school districts. How the jury decides is expected to influence settlement talks in all those pending cases.

While debates about social media addiction have raged for decades, it has taken until now for a major trial on the issue to unfold largely due to a federal legal shield that has protected Silicon Valley. A law known as Section 230 of the 1996 Communications Decency Act has allowed tech companies to fend off lawsuits over what users post to their sites. Social media firms have also won legal battles, including a key Supreme Court case, that have found how companies curate content on platforms is a type of protected free speech.

Despite these protections, the plaintiff’s lawyers in the Los Angeles case found a way to legally attack tech giants: by treating social media apps as unsafe products, viewing Instagram, YouTube and other services as defective under product liability law. The argument is that tech companies deliberately designed social media sites as harmful and dismissed internal warnings that the services could be problematic for teenagers.

The jury will ultimately have to assess Zuckerberg’s credibility, which was under attack on Wednesday.

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Lanier, Kaley’s lawyer, brought up an internal document showing how Meta communications staffers have pushed Zuckerberg to portray himself as more “human” and “relatable,” and “empathetic, and less “fake,” and “corporate,” and “cheesy.”

When questioned about his performance in various other public settings, whether in courtrooms or before Congress, Zuckerberg showed some humility.

He said: “I think I’m known to actually be pretty bad at this,” which drew some laughter from the courtroom.

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What Trump’s Latest East Wing Designs Show

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What Trump’s Latest East Wing Designs Show

President Trump’s latest plans for the East Wing ballroom reveal new details and a few notable changes from earlier designs.

The White House submitted the final plans to the National Capital Planning Commission, ahead of a March 5 meeting, where a board controlled by Trump allies is expected to approve the project.

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One pediment, not two

Source: Shalom Baranes Associates.

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In an earlier design released by Shalom Baranes — the new architect hired by Mr. Trump in December — the east and south porticoes each had a triangular pediment. The one on the south portico has been removed in the latest plan.

But the pediment on the east portico (not shown in the view above) remains and its height is about four feet taller than the roof of the executive residence. Critics have said the design would dwarf the existing White House.

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Changed windows and doorways

Source: Shalom Baranes Associates.

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The number of arched windows facing west on the ballroom level has increased to nine from eight.

In addition, the first floor windows have been redesigned, with more doorways leading to the new East Wing garden.

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A new garden

These are the first renderings that include details about a garden that would replace the Jacqueline Kennedy Garden, which was demolished with the old East Wing.

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Sources: Nearmap (2025 aerial image); Shalom Baranes Associates.

Renderings show a grand staircase from the new East Colonnade to the garden. Stone-paved paths connect the garden to the first floor of the new East Wing.

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According to the plans, the new garden is larger than the old one, and will include a circular brick area and trees replanted from the old garden. The fountain from the old garden will also be brought back.

Asymmetrical pathway

To accommodate the massive size of the proposed East Wing, the main pathway around the South Lawn has been altered and is no longer symmetrical, renderings show.

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Sources: Nearmap (2025 aerial image); Shalom Baranes Associates.

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The final designs submitted last week have the same overall footprint as the plans from January, making clear Mr. Trump has rejected calls to make the building smaller.

The architects said last month that the White House was considering adding a “modest one-story addition” to the West Colonnade, to “restore a sense of symmetry to the original central pavilion.”

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Investigators are using a tracking device called a “signal sniffer” that can detect signals emitted from electronic devices as the search for Nancy Guthrie continues in its third week.  

David Kennedy, a former NSA hacker and inventor of the signal sniffer being used in the investigation, told CBS News that because Guthrie’s pacemaker was disconnected from the app on her phone, it indicates the device is equipped with Bluetooth Low Energy technology, a power setting designed so the device will last multiple years. 

Nancy Guthrie, the 84-year-old mother of “Today” show co-host Savannah Guthrie, was reported missing when she failed to show up for church on Feb. 1, after vanishing in the middle of the night from her home in Tucson, Arizona, in an apparent abduction. Authorities said Guthrie’s pacemaker was disconnected from the pacemaker app on her cellphone at 2:28 a.m.

Kennedy said Bluetooth Low Energy only has a 10- to 15-foot radius, but with signal amplifiers and high-gain antennas, the radius can extend to several hundred feet.  

He said after conducting a test at his home using a non-commercial drone and off-the-shelf items to modify it, he was able to extend the device’s detection range to about 800 feet. 

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“With amplification, with the ability to deploy things like drones or leveraging helicopters, they should be able to cover a lot larger area and then really home in just from a few meters to the actual signal itself,” Kennedy told CBS News. 

Since the pacemaker sends out a Bluetooth signal every two to three minutes, the signal sniffer can pick up its location, Kennedy said, which law enforcement would be able to view and trace using Nancy Guthrie’s phone. 

The tracking tool was mounted on a helicopter on Monday, law enforcement sources told CBS News. The helicopter carrying the device was flying slowly at a low altitude over the area where investigators are still hoping to find Guthrie, the sources said. 

Kennedy said he believes the helicopter was used as a quick stopgap to get a general location to see what was happening in the area. He said a signal sniffer could be fixed to a drone or a car, though a drone is more efficient because it can cover greater distances faster, and that using a helicopter or car could interfere with the signal due to metal buildings or concrete walls. 

Since signal sniffers are considered a new capability for law enforcement, Kennedy said officials don’t have massive fleets of drones being used, and that it will take time to build out the infrastructure to do so. He said if there were around 50 to 60 drones covering 300 to 800 feet, it would speed up the process.

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“You can really cut that time down pretty substantially across the board, you’re probably talking, a day or a few days or a maximum of two weeks of being able to cover 120-foot-mile radius, to be able to actually identify it,” Kennedy said. “It really comes down to manpower, drone operators [and] the drone technology itself.”

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