Twitch on Wednesday announced a ban on sites that stream unlicensed roulette, dice, or slots games as the platform is hit with concerns about getting users hooked on gambling.. Twitch already bans links or referral codes to sites that feature slots, roulette or dice games, but some users have gotten around that by live streaming play, the platform said.
The Federal Reserve raised the key US interest rate again Wednesday and said more hikes are coming as it battles soaring prices -- an aggressive stance that has raised fears of a recession.. Federal Reserve Chair Jerome Powell has made it clear that officials will continue to act aggressively to cool the economy and avoid a repeat of the 1970s and early 1980s, the last time US inflation got out of control.
Higher interest rates and grinding inflation are likely to begin taking a higher toll on US consumers who have so far mostly managed to remain in healthy financial shape, bank CEOs told a congressional panel Wednesday.. The heads of the largest US banks warned in particular that low-income households face duress, as they appeared at a lengthy hearing before the House Financial Services Committee ahead of the Federal Reserve's announcement of an interest rate hike of three-quarters of a point.
Aviation industry leaders warned Wednesday that travellers must brace for even higher ticket prices as the sector battles fallout from the Covid pandemic, high oil prices and conflict fears.. He said Hong Kong's aviation sector had been "devastated" by Covid restrictions, the city was no longer a global aviation hub and that Cathay Pacific was a "shadow" of its former importance.
Spain has fined food delivery firm Glovo nearly 79 million euros and forced it to give labour contracts to over 10,000 riders in the country, the government said Wednesday.. Labour Minister Yolanda Diaz said Glovo had violated a 2021 law requiring riders for food delivery platforms be employees signed to formal labour contracts, not freelancers.
Existing home sales slipped in August to the lowest in two years, marking a seventh straight monthly declines, according to industry data released Wednesday showing the continued slowing in the US housing as mortgage rates surge.. Existing home sales dropped 19.9 percent from the August 2021 level, with the most drastic declines occurring in the lowest price homes, according to NAR. The median price was still 7.7 percent above the year-ago figure.
The video game industry is coming to terms with one of the biggest hacks in its history, after footage was leaked online of "Grand Theft Auto 6" -- the next instalment of one of the world's most popular franchises.. "Our work on Grand Theft Auto will continue as planned," Rockstar said in a statement on Twitter that was liked more than one million times.
Walmart announced Wednesday it will hire 40,000 workers for the upcoming holiday season, far fewer than last year, as inflation weighs on US households and curtails consumption.. A year ago, Walmart said it would hire 150,000 workers for temporary and permanent posts as it competed for employees with other retailers and logistics companies in a torrid labor market.
Chinese buyers are back and business is booming -- Milan Fashion Week opened Wednesday on an optimistic note, despite the shadows cast by the soaring cost of energy.. But this season the international jet set are back in force, from 300 journalists to 450 buyers expected -- including the first Chinese delegation since the pandemic closed borders across the globe.
Britain's new Prime Minister Liz Truss was Wednesday to outline an economic rescue programme focussed on tax cuts -- even as US President Joe Biden rejected that approach as the two prepared to meet at the UN. "I am sick and tired of trickle-down economics.. "I don't accept this argument that cutting taxes is somehow unfair," Truss told Sky News in New York, ahead of her bilateral meeting with Biden and debut speech Wednesday at the UN General Assembly.
