Britain's beleaguered finance minister on Monday announced a dramatic U-turn on a tax cut announced as part of an economic package that has bombed with the markets, electorate and his party.. On the markets, Truss and Kwarteng's intention to pay for the tax cuts with billions more in extra borrowing had sent the pound tumbling and UK government bond yields soaring.
The United Arab Emirates, which already boasts the world's tallest skyscraper and has launched a bold Mars mission, now hopes to become a pioneer in the depths of the metaverse.. The UAE, which has a history of bold projects including the 830-metre (2,723-foot) Burj Khalifa, hopes the metaverse can add $4 billion to annual GDP and 40,000 jobs to its workforce by 2030.
Palestinians living in the Israeli-blockaded enclave of Gaza have long endured an unstable and costly electricity supply, so Yasser al-Hajj found a different way: solar power.. For most of Gaza's 2.3 million residents, living under Hamas Islamist rule and a 15-year-old Israeli blockade, power cuts are a daily fact of life that impact everything from homes to hospital wards.
Stocks drifted in Asia on Monday as investors await key US jobs data, while girding themselves for a corporate earnings season many fear will highlight the impact of surging inflation and interest rates.. Saxo Capital Markets analysts said in a note that there was a risk-off mood "as corporate earnings misses continue to raise the threat of an ugly earnings season ahead".
New vehicle deliveries by Tesla increased in the third quarter, beating the previous three months during which its Chinese factory was shuttered for multiple weeks, the US electric automaker announced Sunday.. Tesla has managed to increase deliveries every quarter since the beginning of the pandemic, with the exception of Q2 this year, when the company was forced to close its Chinese factory.
Fifty days before the World Cup kicks off in Qatar, workers are pouring concrete and hammering through the night to ready luxury hotels and bargain apartments for a million or more football fans.. Organisers say that more than one million fans will visit and that 130,000 rooms will be usable in hotels, apartments, cruise ships and desert tents.
Germany's most strategically important building site is at the end of a windswept pier on the North Sea coast, where workers are assembling the country's first terminal for the import of liquefied natural gas (LNG).. LNG terminals allow for the import by sea of natural gas which has been chilled and turned into a liquid to make it easier to transport.
Britain's housing market has been rocked by the UK government's costly budget, as retail banks pull mortgage rates in anticipation of more costly products, sparking fears of tumbling home prices.. Major UK bank Barclays said that "due to high demand" it "withdrew a small number of mortgage products from sale for new customers".
Elon Musk on Friday showed off the latest version of a humanoid robot that the world's richest man said could one day eliminate poverty.. "The robot can actually do a lot more than we just showed you, we just didn't want it to fall on its face," Musk quipped.
With homes and infrastructure wrecked by wind or flooding and businesses shut down, the destruction left in the wake of Hurricane Ian is expected to cost Florida tens of billions of dollars and hit the broader US economy.. - Top 10 list - "This is the costliest Florida storm since Hurricane Andrew made landfall in 1992 and a record number of homes and properties were lost due to Hurricane Ian's intense and destructive characteristics,” CoreLogic's Tom Larsen said in a statement.
