Tech News

Wall Street chiefs to share stage with Hong Kong's sanctioned leader

Some of the world's top bankers will attend a Hong Kong finance summit on Wednesday, defying criticism by US lawmakers over their decision to share a stage with the city's leader who is sanctioned by Washington.. Lee, a former security chief who took office this year, is among Chinese officials sanctioned by Washington for cracking down on rights in Hong Kong after huge democracy protests, unable to hold accounts with the same banking giants attending the summit.

Tue, Nov 1, 2022 3 mins read

Tech News

Musk announces $8 monthly charge for verified Twitter accounts

New Twitter head Elon Musk said Tuesday the site will charge $8 per month to verify users' accounts, arguing the plan would upend the platform's "current lords & peasants system" and create a new revenue stream for the company.. Blue for $8/month," he tweeted, in reference to the platform's famous blue checkmark that signals a verified, authentic account.

Tue, Nov 1, 2022 1 mins read

Tech News

Brazilian centrist Alckmin, Lula's big-tent bet for VP

Known as a good administrator but dull politician, Brazil's business-friendly centrist Geraldo Alckmin is the wingman leftist president-elect Luiz Inacio Lula da Silva is betting on to help mend a deeply divided country.. The vice president-elect and his boss are not exactly an obvious match: Alckmin ran against then-president Lula in Brazil's 2006 election, losing badly in the runoff.

Tue, Nov 1, 2022 2 mins read

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S.Africa will need $500 bn to reach net zero: World Bank

South Africa, one of the world's largest greenhouse gas emitters, will require at least half-a-trillion dollars to achieve carbon neutrality by 2050, the World Bank said Tuesday.. The bank said South Africa accounts for 1.2 percent of global greenhouse gas emissions -- with the coal-dominated energy sector responsible for nearly half of its discharges.

Tue, Nov 1, 2022 1 mins read

Tech News

Russia's Wagner facing UK court action over Ukraine 'terrorism'

Lawyers in Britain on Tuesday took the first step towards what they said was "groundbreaking" legal action against Russia's shadowy Wagner group over allegations it has committed "terrorism" in Ukraine.. Legal action "on behalf of courageous Ukrainian victims has just this second been commenced" against Wagner group and Prigozhin, he said.

Tue, Nov 1, 2022 2 mins read

Tech News

Despite conflict Russia sends France giant magnet for nuclear fusion project

Russia on Tuesday dispatched one of six giant magnets needed for the ITER nuclear fusion programme in France, one of the last international scientific projects Moscow participates in despite the Ukraine conflict. . In southern France, 35 nations are collaborating to build the largest nuclear fusion device in the world. 

Tue, Nov 1, 2022 1 mins read

Tech News

SpaceX launches Falcon Heavy rocket for first time in three years

SpaceX launched its Falcon Heavy rocket from Florida Tuesday, the first flight since 2019 of the world's most powerful rocket. . The SLS, which is expected to surpass Falcon Heavy to become the most powerful rocket in the world, has seen its first launch twice canceled at the last minute in recent months. 

Tue, Nov 1, 2022 1 mins read

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Uber shares surge as company says consumers still strong

Shares of Uber rocketed higher Tuesday after it reported a surge in quarterly revenue and described consumer demand as remaining robust.. Shares jumped 15.5 percent to $30.66 in morning trading. jmb/st

Tue, Nov 1, 2022 1 mins read

Tech News

US Fed starts policy meeting with further rate hike expected

US central bankers started their two-day policy meeting Tuesday with persistently high inflation backing expectations of another rate hike -- a fourth straight steep increase as price pressures fail to ease quickly enough.. With persistently high inflation and a tight labor market supporting wages and spending, analysts say another 0.75 point hike is almost certain at central bankers' next policy meeting.

Tue, Nov 1, 2022 1 mins read

Tech News

Pfizer lifts 2022 forecast for Covid-19 vaccine sales as profits rise

Pfizer reported higher quarterly profits Tuesday as it lifted its full-year forecast for coronavirus vaccine sales and predicted Covid-19 would yield billions more in revenues for the forseeable future.. Overall, Pfizer reported profits of $8.6 billion in the third quarter, up six percent from the year-ago period on a six percent drop in revenues to $22.6 billion.

Tue, Nov 1, 2022 1 mins read