Asian markets were mixed in holiday-thinned trade Monday, while the dollar dropped as investors lowered their expectations for US interest rate hikes.. Lower expectations for US interest rates weighed on the dollar against its major peers, while oil prices were also down after last week hitting its highest level since November.
Iranian President Ebrahim Raisi on Sunday set the tackling of galloping inflation and currency devaluation as priorities for the 2023-2024 budget presented to parliament.. "Transparency, improving people's livelihoods... controlling inflation and costs and supporting the stock market" are the budget priorities for the year starting on March 21, Raisi said.
A vast belt of trees vital for global production of fizzy drinks helps Sudanese farmers adapt to climate change, but in the harsh drylands many are reluctant to take up the trade.. To harvest the amber-coloured resin, farmers must suffer the same climatic extremes as their trees.
The European luxury sector is welcoming the end of pandemic lockdowns in China, as the return of big-spending Chinese tourists could sustain further growth.. That growth was supported by the wave of post-lockdown US tourists visiting Europe armed with a strong dollar, as well as Korean and Southeast Asian tourists.
Seven years ago the mobile game "Pokemon Go" took the world by storm, and now its creators are aiming to infuse the same "real-world" appeal into their new basketball game.. While players of "Pokemon Go" were guided by their mobile phones to real-world locations to collect magical creatures, "NBA All-World" allows players to challenge each other to games in the street.
From CNN to the Washington Post, US media are facing tough times, as a series of outlets have announced layoffs this winter amid fears of an economic downturn.. - 'Under pressure for a long time' - While the media layoffs were not as dramatic as those rocking tech giants such as Microsoft and Google, which announced Friday it was cutting 12,000 more jobs, they were a consequence of falling advertising revenue amid a gloomy economic climate, said Chris Roush, dean of the School of Communications at Quinnipiac University in Connecticut.
One-in-five new cars sold in California in 2022 was a zero-emission vehicle, the state said Friday, as the largest car market in the United States charges towards its goal of electrifying its fleet.. On Friday the California Energy Commission said 18.8 percent of new cars sold in the state in 2022 were EVs, PHEVs or fuel cell electric vehicles, all of which California includes in its zero-emission category.
President Joe Biden and House Speaker Kevin McCarthy both indicated Friday they are willing to discuss raising the US debt ceiling, as Democratic and Republican lawmakers head toward a high-stakes clash over raising the nation's borrowing limit. . But White House spokeswoman Karine Jean-Pierre insisted in a statement Friday that "raising the debt ceiling is not a negotiation," and that Biden wants to talk with Republican McCarthy on a "range of issues" as the speaker begins his tenure.
Tesla CEO Elon Musk took the stand in a California fraud trial on Friday, accused of lying in tweets about taking the auto company private, punishing investors.. Littleton testified that he was "pretty shocked" by Musk's tweet about taking the company private at $420 a share because it threatened almost all the money he had invested in Tesla.
The US unveiled criminal charges Friday against two men who it said sought to protect sanctioned Russian oligarch Viktor Vekselberg's $90 million superyacht from seizure.. It said that after billionaire Vekselberg, the head of conglomerate Renova Group and a close associate of Russian president Vladimir Putin, was sanctioned in 2018, the two men used shell companies to hide Vekselberg's continued ownership and use of the yacht.
