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Wednesday, Aug 17, 2022
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‘Something worse’ than recession coming – JPMorgan
The boss of Wall Street banking giant JPMorgan Chase, Jamie Dimon, has warned investors of the likelihood of a downturn in the US economy, saying that “something worse” than a hard recession could be on the horizon.
Pfizer CEO Albert Bourla tests positive for Covid-19 after 4 jabs
Albert Bourla, CEO of drugmaker Pfizer, has tested positive for Covid-19 and has "very mild symptoms," he said in a tweet on Monday.
Romanian’s central bank hires fortune teller
The National Bank of Romania (BNR) has hired well-known astrologer and fortune teller Minerva
Modi pledges to turn India into a developed country
Standing in front of the historic Red Fort in Delhi, Prime Minister Narendra Modi on Monday pledged to transform India into a developed country in the next 25 years.
Australia's ex-PM 'secretly held ministry portfolios'
Australian PM Anthony Albanese says he will investigate reports that his predecessor, Scott Morrison, secretly assumed three roles in the ministry.
China unexpectedly cuts 2 key rates, withdraws cash from banking system
China's central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from the banking system on Monday, to try to revive credit demand to support the COVID-hit economy.
Extent of Instagram and Facebook tracking exposed
Meta apps inject a tracking code into websites when people are viewing them
Ukraine in default according to Fitch and S&P
Global rating agencies S&P and Fitch on Friday lowered Ukraine's foreign currency ratings to selective default and restricted default as they consider the country's debt restructuring as distressed.
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Is water the new gold?
Climate change is causing temperatures to rise. Extreme weather events and droughts are increasing. Springs and wells are drying up. And everyone needs more water. The battles for control over precious water reserves have begun.
Inflation explained: What is it, what causes it and how do we deal with it now?
What is inflation, where does it come from and how to handle its fluctuation? Here’s everything you need to know about it.
How Abercrombie, Victoria's Secret and Vitamin Shoppe use smell to get you to spend more
Have you ever stepped into an Abercrombie, Victoria's Secret, Vitamin Shoppe or another store and wondered: "What's that smell?"
WhatsApp is going to stop letting everyone see when you're online
WhatsApp announced several new privacy updates on Tuesday, including the ability for users to check their messages without other people knowing.
South Korea pardons Samsung's Jay Y Lee in bid to revive the economy
The de facto leader of Samsung, Lee Jae-yong, was pardoned by South Korea's president on Friday for crimes including bribery, allowing him greater freedom to run the smartphone and semiconductor giant.
How can countries protect themselves against cyber warfare?
Cybersecurity has become a top priority for governments, businesses and critical infrastructure operators, especially since the start of Russia’s invasion of Ukraine which has been marked by sophisticated cyber attacks.
Amazon, eBay and AliExpress found to be selling illegal weapons
Amazon, eBay, Wish and AliExpress are under fire after an investigation found illegal weapons such as knives, swords and batons were being sold on the online platforms.
Can a career move help with the rising cost of living?
Whether it’s through the news or in your pocket, it’s difficult to escape the rise in inflation and the increase in the cost of living at the moment.
Can Airbnb Outperform a Potential Recession?
Airbnb was formed during the 2008 financial crisis and evolved during the Covid-19 pandemic. WSJ’s Preetika Rana and Airbnb CEO Brian Chesky share insight into the home-sharing giant’s success and what the future might hold for the company.
New Zealand needs wealthy visitors not 'noodle-eating backpackers', says Ardern's tourism minister
The remarks have been condemned as out of touch and elitist
SEC Probes Coinbase on Staking, Asset Classification, Stablecoin Products
Coinbase said the SEC’s requests have to do with the company’s staking programs, asset listing process, classification of assets and stablecoin products.
Work from home: a meal, a waitress and a robot
A woman who uses a wheelchair is able to work as a waitress at a Mong Kok restaurant from her Tsing Yi home, thanks to a robot that allows her to remotely serve customers.
Disney overtakes Netflix in battle for subscribers
Disney will launch a new ad-supported streaming service in the US in December, as it overtakes Netflix in the race for paid subscribers.
UN trade body calls for halting cryptocurrency rise in developing countries
The UN trade and development body, UNCTAD, has called for action to curb cryptocurrencies in developing nations, in three policy briefs published on Wednesday.
Young workers have been hit hardest by COVID fallout, says UN labor agency
The number of young people globally who can’t find a job this year is set to reach 73 million – that’s a full six million more than before COVID-19, the UN labor agency said on Thursday.
Worst US airports for flight cancellations and how to avoid disruptions
As flight cancellations continue to throw a wrench in Americans' summer travel plans, new data reveals which airports have been hit the hardest.
Elon Musk mocks congress for hiring 87,000 new IRS employees
Musk agreed with another Twitter user who said the new IRS hires will target normal Americans
Dem congressman says monthly inflation is zero, claims US not in a recession
Rep. Don Beyer said in the House Rules Committee that the United States is not experiencing a recession, despite two negative growth quarters
Here are the most pet-friendly cities in the US this year: report
The 100 most populated US cities are ranked based on budget, pet health and outdoor pet-friendliness
How inflation is hitting back-to-school essentials
Electronics, clothing and shoes are the most popular back-to-school items as kids return to in-person learning, according to the nation's largest retail trade group.
Best, worst states to have a baby in 2022: report
All 50 US states and Washington, DC, were compared based on cost, health care, baby-friendliness and family-friendliness
Ex-JPMorgan traders cleared of racketeering, found guilty of fraud
Case is seen as Justice Department's most aggressive to date targeting a manipulative futures trading tactic
HyperSocial CEO sets record straight after crying Linkedin post goes viral
HyperSocial CEO Braden Wallake didn't plan for his LinkedIn post, which detailed how hard it was to lay off staff members, to go viral, let alone garner scores of negative comments.
Facebook falling in popularity among teens, survey says
Facebook's popularity among teenagers has fallen markedly, according to new data from the Pew Research Center.
Democrats' Inflation Reduction Act could mean lower wages for millions of Americans
Democrats are pitching their newest health care and climate spending bill as a key way to reduce costs for U.S. households, but a new analysis shows the legislation could actually reduce take-home pay for millions of Americans, regardles...
How inflation is impacting commuter costs
While the national average price of unleaded gas fell to just below $4 a gallon on Wednesday and Thursday following record highs driven by inflation not seen in 40 years, prices are still much more than they were a year ago.
An armed man tried to breach security at an FBI office in Cincinnati
An Ohio emergency management agency said a standoff has ended Thursday between law enforcement and an armed man suspected of trying to breach the FBI's Cincinnati office.
Beijing's new trade restrictions on Taiwan after Pelosi's visit are a drop in the ocean
Beijing’s new trade blocks against Taiwan affect about 0.04% of their two-way trade, making them more political than economic.
Record rainfall kills at least 9 in Seoul as water floods buildings, submerges cars
Record downpours flooded homes, roads and subway stations in the South Korean capital Seoul this week, killing at least nine people, as forecasters warned of more rain to come. The torrential rain eased on Wednesday, though already-floo...
Apple's new AI image generator is just so... Apple
If you've visited the Creative Bloq website recently then you probably already know about the many different AI generators that have been unleashed on the internet. Google was the most recent big name to get involved...until now with App...
Jeff Bezos, Bill Gates, and other billionaires are backing an exploration for rare minerals buried beneath Greenland's ice
Jeff Bezos and Bill Gates are among a group of billionaires backing a company they hope will find resources for clean energy under melting ice in the western part of Greenland.
Domino's exits Italy after failing to win over ancestral home of pizza
The company's cheese-filled crusts and pineapple-topped pizzas failed to gain a foothold in a competitive market
Gordon Brown says energy firms unable to offer lower bills should be temporarily re-nationalised
Former PM calls for energy price cap to be scrapped and new lower prices renegotiated by government
Elon Musk sells nearly $7B in Tesla shares as Twitter legal battle rages on
Musk's Tesla shares sale comes as he prepares to go to court in October over his $44 billion Twitter takeover deal
Obituary: Olivia Newton-John
Olivia Newton-John, who has died aged 73, began her career as the sweetheart of country-flavoured pop.
Olivia Newton-John: Tributes as Grease star and singer dies aged 73
Tributes have been paid from around the world to Olivia Newton-John, who has died from cancer aged 73.
Spyware is huge threat to global human rights and democracy, expert warns
Cybersecurity expert Ron Deibert to testify to Canadian MPs about troubling spread of invasive surveillance tools
India tops globally with twice as many women pilots as the US
Nivedita Bhasin became the world’s youngest commercial airline captain in 1989, but the Indian pilot still recalls her early years when other crew would urge her to rush into the cockpit so passengers wouldn’t get nervous at the sight of...
Study connects climate hazards to 58% of infectious diseases
Climate hazards such as flooding, heat waves and drought have worsened more than half of the hundreds of known infectious diseases in people, including malaria, hantavirus, cholera and anthrax, a study says.
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