Tech News

Ancient Afghan Buddhist city threatened by Chinese copper mine

An ancient Buddhist city carved out of immense peaks near Kabul is in danger of disappearing forever, swallowed up by a Chinese consortium exploiting one of the world's largest copper deposits.. The ruins, which cover 1,000 hectares, are perched high on a massive peak whose brown flanks betray the presence of copper.

Iran's oldest pistachio trader readies daughter to one day take over

Tucked away in Tehran's famed Grand Bazaar, Iran's oldest pistachio wholesaler quietly prepares a small revolution -- he will hand his business to his youngest daughter, in a trade dominated by men.. Competitors attest to the fact that Emami -- who took over the business from his father in 1975 -- is the oldest pistachio wholesaler in town.

Delayed Tokyo 2020 Olympics cost double original estimate

The final price tag for last year's Tokyo Olympics was more than double the city's original 2013 estimate after a one-year coronavirus postponement added to the already hefty bill.. Tokyo 2020 was held a year later than planned because of the pandemic -- the first Olympics postponed in peacetime -- and spectators were banned from nearly all events, which were held under strict Covid-19 countermeasures.

US high court denies Bayer bid to block Roundup weedkiller lawsuits

The US Supreme Court on Tuesday declined an appeal from Bayer-owned Monsanto that aimed to challenge thousands of lawsuits claiming its weedkiller Roundup causes cancer -- a potentially costly ruling.. Bayer has been plagued by problems since it bought Monsanto, which owns Roundup, in 2018 for $63 billion and inherited its legal woes around the chemical's ingredient glyphosate.

Global stocks bounce after sharp selloff; yen falls

Stock markets rose Tuesday as calm returned following last week's rout, but analysts warned that recession fears have not gone away and will cause more turmoil.. "These small recoveries in stock markets shouldn't provide any comfort," said Craig Erlam, senior analyst at OANDA trading platform.

Kellogg pops as it plans spin-off of legacy cereal business

Iconic breakfast food brand Kellogg became the latest US corporate giant to announce a breakup, unveiling plans Tuesday to split into three companies in a move that lifted its share price.. Kellogg's announcement comes on the heels of earlier corporate break-ups including General Electric's November 2021 announcement of a split into three ventures, which was followed a few weeks later and by Johnson & Johnson saying it will break in two.

US businessman John Textor completes Lyon takeover

Lyon president Jean-Michel Aulas said on Tuesday a deal had been struck for US businessman John Textor to complete a takeover of the seven-time French champions.. Jean-Michel and I really want championship titles and winning Europe."

White House says concerned about recession but US economy strong

The American economy remains strong, a White House economist asserted Tuesday, while acknowledging President Joe Biden's team is concerned about a possible recession.. - 'Relatively healthy' - Richmond Federal Reserve Bank President Thomas Barkin said there is a risk of recession, but agreed there are many signs the economy remains strong.

US vows enforcement as ban on Xinjiang imports takes effect

The United States on Tuesday promised enforcement as a landmark ban took effect on most imports from Xinjiang, the Chinese region where rights groups say the Uyghur people are being forced into slave labor.. An estimated 20 percent of garments imported into the United States each year include some cotton from Xinjiang, according to labor rights groups.

More strike calls cloud summer for European low-cost airlines

Europe's low-cost airlines face a summer of discontent as staff in Spain and France announced new strikes over labour conditions on Tuesday.. Ryanair's low-cost rival easyJet also faces nine days of strikes through July at the Barcelona, Malaga and Palma de Mallorca airports.