Tech News

Asian markets fluctuate as oil, euro struggle on recession fears

Asian markets fought Wednesday to recover some of the losses suffered at the start of the week as recession alarms continue to ring loud and oil struggled to erase the previous day's sharp drop owing to growing demand fears.. Both main crude contracts were flat, staying below $100 and nowhere near recovering the more than seven percent drops suffered Tuesday, hit by bets on a drop in demand and fears of more Covid-19 lockdowns in Shanghai.

Tue, Jul 12, 2022 4 mins read

Tech News

Israel to laser in on Iranian drone threat as Biden visits

Moments after US President Joe Biden touches down in Tel Aviv on Wednesday, the Israeli military will show him new hardware it says is essential to confronting Iran: anti-drone lasers.. While not yet operational, the military hardware was described as a "game-changer" in April by then-prime minister Naftali Bennett. 

Tue, Jul 12, 2022 4 mins read

Tech News

Twitter lawsuit accuses Elon Musk of contract breach

Twitter on Tuesday sued Elon Musk for breaching the $44 billion contract he signed to buy the tech firm, calling his exit strategy "a model of hypocrisy," court documents showed.. "Musk's conduct simply confirms that he wants to escape the binding contract he freely signed, and to damage Twitter in the process," the lawsuit contended.

Tue, Jul 12, 2022 3 mins read

Tech News

Twitter lawsuit accuses Elon Musk of contract breach

Twitter on Tuesday sued Elon Musk for breaching the $44 billion contract he signed to buy the tech firm, calling his exit strategy "a model of hypocrisy," court documents showed.. "Musk's conduct simply confirms that he wants to escape the binding contract he freely signed, and to damage Twitter in the process," the lawsuit contended.

Tue, Jul 12, 2022 1 mins read

Tech News

Brent oil closes under $100/barrel for first time since April

Brent oil futures closed Tuesday under $100 a barrel for the first time in three months as recession worries cloud the near-term outlook for crude demand.. Despite worries about the weakening economic outlook, analysts have cautioned that global oil inventories remain low by historic standards, meaning the market could have a tough time meeting demand if there is a supply disruption. tu-jmb/hs

Tue, Jul 12, 2022 1 mins read

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Migration tops agenda in Biden talks with Mexican president

A month after he snubbed Joe Biden's Americas summit, Mexican President Andres Manuel Lopez Obrador sat down with his US counterpart Tuesday at the White House, amid rising tensions over migration.. Lopez Obrador boycotted in June the Summit of the Americas hosted in Los Angeles -- where migration was again a key subject -- over Biden's refusal to invite Cuba, Venezuela and Nicaragua.

Tue, Jul 12, 2022 2 mins read

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Indonesian islanders sue cement giant Holcim over climate damage

Residents of Pulau Pari, an Indonesian island threatened by rising sea levels, are suing cement giant Holcim over its carbon dioxide emissions, a Swiss charity said on Tuesday.. Holcim sold its Indonesian activities to local cement maker Semen Indonesia in 2019.

Tue, Jul 12, 2022 1 mins read

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Turkey to host Russia-Ukraine-UN grain talks

Turkey said it will host Russian and Ukrainian delegations with UN diplomats on Wednesday to discuss the resumption of stalled grain deliveries across the Black Sea.. Turkish officials say they have 20 merchant ships waiting in the Black Sea that could be loaded quickly with Ukrainian grain.

Tue, Jul 12, 2022 2 mins read

Tech News

James Webb Telescope to release more breathtaking cosmic views

After unveiling the clearest view yet of the distant cosmos, the James Webb Space Telescope has more to come. . Thanks to an efficient launch, NASA estimates Webb has enough propellant for a 20-year life, as it works in concert with the Hubble and Spitzer space telescopes to answer fundamental questions about the cosmos. ia/jh

Tue, Jul 12, 2022 2 mins read

Tech News

Panama government reduces fuel prices in face of protests

Panama's president announced a reduction in gasoline prices and freezing of rates for several other essential products Monday in the face of continuing protests against inflation and corruption.. Several unions, however, say that protests will continue until there is a general reduction in prices and gasoline rates drop below $3 per gallon.

Tue, Jul 12, 2022 1 mins read