Tech News

US home prices top $400,000 for first time, crimping May sales

The median US home price broke above $400,000 for the first time, sending existing home sales in May falling for the fourth straight month, according to industry data released Tuesday.. He said prices normally would not begin to fall until inventories grew to a seven-month supply, but "the speed of the dislocation in the market in recent months, thanks to the suddenness of the spike in rates, means that a period of falling prices is a good bet."

Dead rivers: The cost of Bangladesh's garment-driven economic boom

Bangladeshi ferryman Kalu Molla began working on the Buriganga river before the patchwork of slums on its banks gave way to garment factories -- and before its waters turned pitch black.. Water samples from the river found chromium and cadmium levels over six times the World Health Organization's recommended maximums, according to a 2020 paper by the Bangladeshi government's River Research Institute. 

Sanctioned Russia becomes China's main source of oil

China ramped up crude oil imports from Russia in May, customs data showed Monday, helping to offset losses from Western nations scaling back Russian energy purchases over the invasion of Ukraine.. Asian demand is helping to staunch some of those losses for Russia, especially buyers from China and India.

'Huge uncertainty' for EU firms over China's Covid curbs, chamber warns

Many European firms are rethinking their investments in China because of its strict Covid controls, a top business group said Monday, warning that disruptions had pummelled operations.. But this strategy has hammered businesses and snarled supply chains -- 60 percent of respondents in a survey of European businesses said it has become harder to do business in China, in large part due to Covid controls.

One dead in Shanghai chemical plant explosion

Shanghai authorities on Saturday announced an investigation into a massive chemical plant blaze that left one person dead and another injured in the first major industrial accident since the city lifted lockdown in early June. . While the lockdown was officially lifted at the beginning of June, the snarling of supply chains and shutting of factories continues to have far-reaching consequences for the global economy.

Seaweed and 3D printers: Chile's innovative approach to feeding kids

Some dehydrated "cochayuyo" seaweed, some instant mashed potatoes and hot water: these are the ingredients for a nutritious menu of 3D printed food that nutritional experts in Chile hope will revolutionize the food market, particularly for children.. The young researcher takes dehydrated cochayuyo, cuts it and grinds it to create cochayuyo flour which he then mixes with instant mashed potato powder.