Swiss mining giant Glencore said Wednesday it would dish out $7.1 billion to shareholders after posting record profits driven by a surge in coal prices following Russia's invasion of Ukraine.. But it was a surge in prices for fossil fuels, notably coal, that propelled profits at Glencore, which runs mines but also has a commodities trading unit.
For the first time ever, US adults will spend more time this year watching digital video on platforms such as Netflix, TikTok and YouTube than viewing traditional television, Insider Intelligence forecast on Wednesday.. Netflix and YouTube are "neck and neck" leaders when it comes to digital video audience attention, with US adults tuning in for about 33 minutes daily on average at each platform, according to Insider Intelligence.
Tesla's US charging network will be available to other electric vehicle brands for the first time following White House negotiations with Elon Musk, the Biden administration announced Wednesday.. The White House has frequently had prickly relations with Musk but Biden administration staff said Tuesday the billionaire had been responsive when officials contacted major EV players to extend the charging network.
British annual inflation dropped further last month on easing transport costs, official data showed Wednesday, but remains above a historically-high 10 percent.. Official data last week showed Britain narrowly avoided recession in 2022, but the risk of a prolonged contraction remains for this year according to analysts.
Twitter boss Elon Musk said Wednesday that a new CEO might be running the online platform by the end of 2023, after a "rollercoaster" since he took full ownership last year.. Since Musk took full ownership of Twitter on October 27, the platform has been riven by chaos, with mass layoffs, the return of banned accounts and the suspension of journalists critical of the South African-born billionaire.
Originally designed as a solution for the absent-minded, the AirTag digital tracking sensor is also sometimes employed for a more sinister function, with manufacturer Apple now finding itself the subject of anger -- and lawsuits -- from Americans who have been harassed with the help of the brand's product. . The company also said it has updated its systems to warn customers who purchase AirTags that they may be committing a crime by using the product to secretly track another person and to alert Apple users when a device notices an unknown tracker traveling with them.
Behind a dark and opaque storefront in Tel Aviv, an Israeli company is speeding up online shopping by replacing staff with robots that manoeuvre around small storerooms.. In the south Tel Aviv headquarters of 1MRobotics, young men and women -- nearly all of them graduates of the Israeli army's robotics and technological units -- were customising off-the-shelf robots.
Egypt, sapped dry of dollars despite a $3 billion International Monetary Fund bailout loan, is seeking to boost its coffers by selling state assets to wealthy Gulf nations.. Of the $34.2 billion in Cairo's foreign reserves -– a 20 percent drop from February 2022 –- some $28 billion are deposits from wealthy Gulf allies.
Western tourists, who flocked to Iran just a few years ago, are being advised by their governments to stay away, forcing the Islamic republic's struggling tourism industry to look elsewhere.. In the biggest blow to tourism, several European governments have issued travel advisories warning their nationals to stay away from Iran for fear of arrest during the government's crackdown on the protests.
Asian markets sank Wednesday as a mixed US inflation report did little to soothe investor worries that the Federal Reserve will continue to ramp up interest rates, which many fear could cause a recession.. The prospect of more rate hikes lifted the dollar against its peers on Tuesday, and it held its gains in Asian trade.
