Asian markets sank Friday after another devastating day on US and European trading floors, with inflation continuing to soar and central bankers getting increasingly hawkish in their attempts to bring prices under control.. "Risky assets don't stand a chance of a meaningful rally if the economy continues to show resilience while inflation continues to be significantly above the Fed's Funds rate," said OANDA's Edward Moya.
Uruguay was a pioneer in the legalization of recreational cannabis use, a move that helped to push many drug traffickers out of the domestic market.. "There are many more domestic growers who are simply not registered" but have already overtaken trafficking networks in the sale of cannabis.
Facebook-parent Meta put out word to employees on Thursday that it will freeze hiring to cut costs as it endures tough economic times, The Wall Street Journal reported.. Meta chief Mark Zuckerberg revealed a planned pause in hiring during a weekly all-hands meeting, the Journal reported, saying the move came as the social media titan planned to cut expenses by at least 10 percent.
Nike reported lower quarterly profits Thursday on increased logistics spending and a hit from product markdowns, as it pivots in a fast-changing consumer market challenged by inflation.. Friend said Nike has continued to see strong consumer demand for choice products, but that it is working to offload a glut of older items that have generated less interest.
Nord Stream's operator said Thursday it was unable to immediately assess damage to pipelines linking Russia to Europe, threatening an indeterminate outage -- after Sweden detected a fourth leak and NATO decried "acts of sabotage". . Nord Stream's operator said it "intends to start assessing the damage to the pipeline as soon as it receives necessary official permits".
Google on Thursday said it is shutting down Stadia, the cloud video game service it launched three years ago to let people access console-quality play as easily as they do email.. And while Microsoft makes Xbox video game consoles, it has been leading a shift to letting people play titles on internet-linked devices of their choosing with titles hosted in the cloud.
Flaring -- burning off unwanted natural gas from oil and gas wells -- releases five times more of the potent greenhouse gas methane into the atmosphere over the United States than previously assumed, according to a study published Thursday.. Gas is flared for various reasons.
Swiss luxury chocolatier Lindt & Sprungli has won its case against the local branch of budget supermarket chain Lidl over its similar-looking Easter bunnies, according to a court decision published Thursday.. It banned the chain's Swiss branches Lidl Schweiz and Lidl Schweiz DL from selling its similar bunnies and ordered the destruction of any still in stock.
Doreen Bogdan-Martin was elected Thursday as the first woman to lead the UN's telecoms agency in its 157-year history, with the US contender beating a Russian rival to the post.. The vote to lead the UN's Geneva-based information and communication technologies agency -- which coordinates everything from radio frequencies to satellites and 5G -- was unrelated to Russia's invasion of Ukraine.
Germany on Thursday extended a 200-billion-euro ($194-billion) shield to protect households and businesses from skyrocketing power costs, as Europe's biggest economy found itself in an "energy war over prosperity and freedom" against Russia.. "We find ourselves in an energy war over prosperity and freedom," Finance Minister Christian Lindner said.
