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Germany can 'survive' winter despite energy turmoil: Scholz

Chancellor Olaf Scholz voiced confidence Wednesday that Germany was well prepared to "survive" the winter despite turmoil in the energy markets in the wake of Russia's invasion of Ukraine.. In a speech heavily critical of his predecessor chancellor Angela Merkel's energy policies that left Germany dependent on Russia for power, Scholz said Germany will keep moving "at great speed" to shed the reliance in the wake of Moscow's invasion of Ukraine.

Wed, Sep 7, 2022 2 mins read
Tech News
East Timor says China could help fund major pipeline project

East Timor leader Jose Ramos-Horta on Wednesday said China could help fund a vast fossil fuel project seen as crucial to the nation's economic future, dismissing Western concerns over Beijing's growing influence.. Revenues from existing fossil fuel projects are soon expected to run dry, and the country's sovereign wealth fund is rapidly dwindling, leading some to warn of an impending "fiscal cliff."

Wed, Sep 7, 2022 2 mins read
Tech News
El Salvador marks 1st year of Bitcoin use as confidence wanes

A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele.. El Salvador became the first country to accept Bitcoin as legal tender, alongside the US dollar that has been the official currency for two decades.

Wed, Sep 7, 2022 3 mins read
Tech News
China export growth slows sharply in August: official data

China's export growth slowed significantly in August, customs authorities said Wednesday, as economic uncertainty is exacerbated by strict Covid-19 lockdowns across the country.. Sporadic Covid-19 lockdowns around China have dampened consumer enthusiasm and business confidence, while searing temperatures across large parts of the country this summer prompted power rationing for factories.

Wed, Sep 7, 2022 2 mins read
Tech News
China export growth slows sharply in August: official data

China's export growth slowed significantly in August, customs authorities said Wednesday, as economic uncertainty is exacerbated by strict Covid-19 lockdowns across the country.. Sporadic Covid-19 lockdowns around China have also dampened consumer enthusiasm and business confidence, while searing temperatures across large parts of the country this summer prompted power rationing for factories.

Wed, Sep 7, 2022 0 mins read
Tech News
Stocks tank, dollar rises as traders prepare for big rate hikes

Equity markets suffered more losses in Asia on Wednesday and the dollar extended a rally after a forecast-beating US economic report gave new life to talk of a third straight blockbuster interest rate hike next month.. The dovish pivot and the end of interest rate hikes with the December (Fed meeting) is not how this will play out."

Tue, Sep 6, 2022 3 mins read
Tech News
Germany's nuclear stay fails to quell debate

Germany's decision to keep two atomic plants on standby through the winter amid a power crunch has exposed cracks in the government and unleashed criticism from economic and energy experts.. At the same time, it has also moved to restart mothballed coal power plants and fill gas storage ahead of the winter to guard against an energy shortfall. sea/hmn/rl/dhc

Tue, Sep 6, 2022 3 mins read
Tech News
Real life, right now -- photo app claims to capture authenticity

It's not all sunsets and selfie smiles -- people are flocking to a new social network app that calls on users to share true glimpses of their lives rather than cherry-picked moments.. The app uses front and rear facing cameras on phones, putting shared "selfies" into context.

Tue, Sep 6, 2022 3 mins read
Tech News
Theranos founder Elizabeth Holmes seeks new fraud trial

Convicted Theranos founder Elizabeth Holmes on Monday asked for a new trial, saying a star prosecution witness showed up at her home saying he felt he had "done something wrong.". Attorneys for Holmes argued that Rosendorff was a star witness for prosecutors, and that his statements put the guilty verdict in doubt.

Tue, Sep 6, 2022 2 mins read
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