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This is the world in brief from The Economist.

Our top stories.

America's stock market rebounded on Friday after a run of sell-offs.

The Dow Jones Industrial Average hit a new high, surpassing 50,000.

The SMP 500 and the tech-heavy NASDAQ indexes both climbed by around 2%.

Investors were spooked this week by Big Tech's vast artificial intelligence spending plans

and a model released by Anthropic, an AI firm, that could

challenge some software companies. At least 31 people were killed in a suicide bomb attack on a

Shia mosque in Islamabad, Pakistan's capital. Officials said nearly 170 people were injured. The minority Shia Muslim sect in Pakistan

has been the target of violence in the past. Militant violence has risen recently, a suicide

bombing in Islamabad in November, the first attack on civilians there in a decade, killed 12 people.

Donald Trump deleted a video from his social media account that depicted former President

Barack Obama and his wife Michelle as apes. Many Republicans joined Democrats in condemning

the post as racist.

The clip, uploaded on Thursday night, questioned the legitimacy of the 2020 election results.

The White House initially defended the video as, quote, an internet meme and accused critics of, quote, fake outrage.

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