Tech News

Elon Musk says the planet needs more oil ... and babies

Billionaire tech entrepreneur Elon Musk, who has fathered 10 children, said on Monday the world needs to "make more babies" -- and keep digging for oil.. Musk, who has been divorced three times, is the father of 10 children, one of whom died at 10 weeks old.

Honda, LG to invest $4.4 bn in US battery plant

Japanese auto giant Honda and South Korean battery maker LG Energy Solution announced a joint venture Monday to invest $4.4 billion in a new US electric car battery plant.. Last month, Japanese electronics giant and Tesla supplier Panasonic announced its own $4 billion investment to build a new battery factory in the United States for electric vehicles.

Diamond magnate's appeal of Swiss bribery verdict opens

French-Israeli diamond magnate Beny Steinmetz will be back in court in Switzerland on Monday to appeal against a corruption verdict linked to mining rights in Guinea.. Far from being corrupt, Beny Steinmetz Group Resources (BSGR) had legitimately obtained the mining rights in question, and had striven in difficult and complex circumstances to set up an operation that would have benefited Guinea's national interests, his team said.

Japanese bath houses find new ways to stay afloat

Just before it opens each afternoon, elderly residents gather outside one of Tokyo's last remaining old-style bath houses carrying flannels, soap and shampoo for their regular soak.. Japan has never imposed a strict Covid-19 lockdown, and places such as gyms and sentos remained open even when many offices switched to home working and restaurants shortened opening hours.

Asian markets tumble after Powell's rate hike warning

Asian markets sank Monday and the dollar rallied after Fed boss Jerome Powell warned of more interest rate hikes to fight inflation and poured cold water on the prospects of a cut in the new year.. The comments dealt a blow to markets, which had in recent weeks enjoyed a bounce from June lows as weak economic data and a slowdown in price rises fanned hopes the Fed would temper its interest rate hike drive.

'Quiet quitting' raising a din in stressful US workplaces

They are drawing a line at the 40-hour work week, limiting after-hours calls and emails and generally, if softly, saying "no" more often -- some American workers are embracing the concept of "quiet quitting" as they push back against what some see as the stifling trap of constant connectivity. . I did not have a work-life balance," Perkins explains in a TikTok video about how she chose -- though she did not have a name for it back then -- to begin "quiet quitting." 

Egypt dims lights to boost foreign reserves

An economic crisis spurred by the Ukraine war is casting darkness upon Egypt's streets, as the government dims lights to free up energy for export and bolster hard currency reserves.. Among the measures to conserve energy were "reducing lighting in streets and public squares."

Ethereum crypto overhaul targets environmental impact

The world's second biggest cryptocurrency after bitcoin, ethereum, will soon overhaul its blockchain technology to curb the network's much-criticised environmental impact.. "The ethereum blockchain is the base layer infrastructure of the majority of the whole crypto ecosystem," summarised Lennart Ante, CEO and co-founder of the Blockchain Research Lab.