Tech News

Robust travel demand boosts American Airlines' Q3 profits

American Airlines reported a strong third quarter Thursday, capitalizing on robust demand for travel that the company sees persisting as Covid-19 worries recede.. Executives point to several factors that are overriding worries about inflation and rising recession risk: continuing "pent-up" travel demand following Covid-19 lockdowns; the shift to hybrid working that allows more travel; and industry-wide capacity constraints that are lifting plane ticket prices.

Thu, Oct 20, 2022 1 mins read

Tech News

Turkish central bank cuts rates again as inflation rockets

Turkey's central bank on Thursday cut its policy rate for the third consecutive month despite a plunging lira and an annual inflation rate that has soared over 83 percent.. The latest decision comes after President Recep Tayyip Erdogan said the central bank would keep cutting rates every month for "as long as I am in power" -- and despite inflation hitting 83.45 percent in September on an annual basis.

Thu, Oct 20, 2022 3 mins read

Tech News

Turkish central bank cuts rates for third month

Turkey's central bank on Thursday cut its policy rate for the third consecutive month despite plunging lira and an annual inflation rate that has soared over 83 percent. . The decision comes right after President Recep Tayyip Erdogan said the central bank would keep cutting rates every month for "as long as I am in power". 

Thu, Oct 20, 2022 2 mins read

Tech News

EU leaders fight for common ground on energy prices

EU leaders are set for tough talks on how to handle Europe's energy shock Thursday, with capitals at loggerheads over imposing a cap on gas prices pushed skywards by the war in Ukraine.. But German Chancellor Olaf Scholz on Thursday again rejected any attempt by the EU to cap prices on gas imports saying it "carries the risk that producers will then sell their gas elsewhere."

Thu, Oct 20, 2022 3 mins read

Tech News

First-ever licencing deal struck for cancer drug

Pharmaceutical giant Novartis has signed a licensing agreement increasing access to a vital leukaemia treatment, a UN-backed public health organisation said Thursday, marking the first-ever such agreement for a cancer drug.. "Access to high-quality cancer medicines is a crucial component of the global health response to the cancer burden," said Charles Gore, head of the Medicines Patent Pool, the United Nations-backed public health organisation working to increase access to life-saving medicines in poorer countries.

Thu, Oct 20, 2022 1 mins read

Tech News

Yen sinks to 150 per dollar, lowest since 1990

The falling yen hit 150 per dollar for the first time since 1990 on Thursday, driven down by the contrast between Japanese monetary easing and aggressive US interest rate hikes.. Analysts say the yen will continue to slide as long as the two policies differ, with more dramatic Fed interest-rate hikes likely as US prices increase faster than expected.

Thu, Oct 20, 2022 2 mins read

Tech News

Asian markets drop and dollar rises as inflation, rate fears return

Asian equities tumbled Thursday, tracking a sell-off on Wall Street, while the dollar regained its strength as surging inflation, interest rate hikes and recession fears returned to the fore.. That came after a similarly glum reading out of New Zealand earlier in the week and helped push up government bond yields around the world, indicating higher interest rates.

Wed, Oct 19, 2022 3 mins read

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How gaming firm Ubisoft mashed 'Rabbids' into 'Mario' world

It took 300 staff working in five cities about five years, but the second edition of one of the most ambitious mash-ups in video games is set to arrive on Thursday -- "Mario + Rabbids: Sparks of Hope".. - A history of mash-ups - The idea of fictional universes colliding -- characters from one popping up in another -- is far more developed in cinema franchises and comic books than in video games.

Wed, Oct 19, 2022 3 mins read

Tech News

Why law enforcement struggles to throttle crypto scams

Under the headline "Scammers in Paris", an online sleuth known as ZachXBT published a blog in August detailing how a pair of youngsters stole cryptoassets worth millions.. It was the first time his sleuthing had led to police action, ZachXBT told AFP, despite having investigated $250 million worth of crypto scams and thefts and chronicling them for his 300,000 Twitter followers.

Wed, Oct 19, 2022 4 mins read

Tech News

Musk says he's 'excited' about buying Twitter, but overpaying

Elon Musk on Wednesday said he is "excited" about taking over Twitter, expressing enthusiasm even though he's spent months trying to break free of the $44 billion buyout contract.. "I'm excited about the Twitter situation," Musk said while fielding questions on a Tesla quarterly earnings call.

Wed, Oct 19, 2022 1 mins read