Tech News

Cricket Australia sells India broadcast rights to Disney

Australian cricket chiefs said Sunday they had agreed to sell broadcasting rights in India to Disney Star in a seven-year deal reportedly worth hundreds of millions of dollars.. Disney Star will have the rights to broadcast Australian cricket "throughout India and other territories across Asia", the statement said.

Philippine bakeries shrink 'poor man's bread' as inflation bites

As the war in Ukraine pushes up wheat prices and a weaker peso raises the cost of imported edible oil, many Philippine bakers are shrinking the size of a popular breakfast roll to cope with higher inflation.. Inflation in the Philippines hit 6.1 percent in June, the highest level in nearly four years, as steep fuel price hikes pushed up food and transport costs. 

Why is the world worried about China's property crisis?

China's troubled property sector suffered another blow this month when frustrated homebuyers stopped making mortgage payments on units in unfinished projects.. People who had bought units in still-unfinished projects announced they would stop making payments until construction resumed.

Egypt's small farms play big role but struggle to survive

Egyptian smallholders grow nearly half of the country's crops, a lifeline role increasingly important after grain imports were stalled by war in Ukraine -- but they are struggling to survive.. Ordinary Egyptians eat bread at almost every meal, and Egypt’s wheat farmers ramped up production to 40 percent of the country's needs.

Turf wars stall Ireland's green agenda

In the aftermath of the hottest day in Ireland for more than 130 years this week, small family groups picked their way across the Bog of Allen in the country's midlands collecting sun-dried turf.. For Patsy Power, a turf cutter whose family has rights to cut and remove turf on the Bog of Allen, the changes will make virtually no difference to the way he operates.

Fed set for another big rate hike with economy on knife's edge

US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the economy growing, though they have made it clear they are willing to risk a recession.. As families struggle to make ends meet amid surging prices for gas, food and housing, and a rising number of Americans take on second jobs to pay the bills, Fed officials have made it clear that fighting inflation is their top priority even if that means inflicting pain.

Canada considers extending timeline for oil industry emission targets

Canada, the world's fourth-largest oil producer, is considering pushing back its greenhouse gas reduction timeline for its oil industry, the environment minister told media Saturday.. He did not specify how Ottawa planned to meet its 2030 international commitments if the oil and gas sector was allowed to push back its reduction targets. 

Wrestling promoter Vince McMahon retires as WWE chairman

Vince McMahon, the promoter who built a pro wrestling show into a global entertainment empire, Friday announced he was retiring as head of World Wrestling Entertainment -- under a cloud of serious sexual misconduct allegations.. McMahon, whose friends include former US president Donald Trump, became a character in his own wrestling promotions at one stage and even launched a rival to the NFL -- his over-the-top XFL. "As I approach 77 years old, I feel it's time for me to retire as chairman and CEO of WWE," McMahon said in a statement.

Amazon unveils 'Lord of the Rings' TV series at Comic-Con

Nomadic hobbits, bearded female dwarves and enslaved elves -- Amazon finally lifted the lid on its highly anticipated "Lord of the Rings: The Rings of Power" TV series at Comic-Con on Friday.. One clip introduced a group of Harfoots, nomadic ancestors to the hobbits of "Lord of the Rings," who live in travelling carts rather than holes.

Volkswagen to change CEO and style with departure of Diess

Volkswagen unexpectedly announced Friday that its CEO Herbert Diess will step down in a few weeks after four years at the head of the German auto giant as it attempts an ambitious shift towards electric vehicles.. An open admirer of Elon Musk, the CEO of American electric vehicles pioneer Tesla, Diess said last year the storied German carmaker would need a "revolution" to take on its US rival.