US President Joe Biden said Monday he wants to see striking movie and television writers in Hollywood promptly get a "fair deal" on contract negotiations.. "I sincerely hope the writers' strike in Hollywood gets resolved and writers are given the fair deal they deserve as soon as possible," he said during a film screening at the White House in honor of the Asian-American community.
President Joe Biden will convene a high-stakes meeting with Republican leaders Tuesday in hopes of breaking an impasse over the US debt limit -- with repercussions that could extend to next year's presidential election.. Failure to address the debt limit impasse may not just trigger Wall Street turmoil, but could impact Biden politically as he forges ahead into a re-election campaign.
Facing a deep economic crisis, Pakistan has started to buy Russian oil, but the country's petroleum minister says the future lies in diversified, especially green, energy.. Malik confirmed that a first order was placed for Russian oil and would arrive within a month in Pakistan, which will then assess how much to import in the future.
Artificial intelligence could replace 80 percent of human jobs in the coming years -- but that's a good thing, says US-Brazilian researcher Ben Goertzel, a leading AI guru.. "You could probably obsolete maybe 80 percent of jobs that people do, without having an AGI, by my guess.
Facebook founder Mark Zuckerberg took part in his first jiu-jitsu martial arts tournament on Saturday and went home with silver and gold medals, he posted on social media.. "Competed in my first jiu-jitsu tournament and won some medals for the Guerrilla Jiu-Jitsu team," Zuckerberg wrote on Facebook and Instagram.
Florida Governor and likely presidential candidate Ron DeSantis signed multiple bills Monday aimed at curbing Beijing's growing sway -- restricting real estate purchases in the southern US state by Chinese nationals and tightening access to video-sharing app TikTok.. "Florida is taking action to stand against the United States' greatest geopolitical threat -- the Chinese Communist Party (CCP)," said DeSantis, who is weighing a run for the 2024 Republican presidential nomination.
US banks tightened lending standards in the first few months this year, and expect this to continue over the rest of 2023, said a Federal Reserve survey released on Monday.. Asked about their outlook for lending standards over the rest of 2023, "banks reported expecting to tighten standards across all loan categories," the Fed said on Monday.
Space tourism company Virgin Galactic announced Monday that it is resuming flights with a mission this month, its first in nearly two years, and the launch of commercial trips in June.. Virgin Galactic is in competition in the space tourism business with Amazon founder Jeff Bezos' Blue Origin, which also offers short suborbital flights and has sent 32 people into space.
The cost to secure thousands of inactive oil and gas wells in the US Gulf of Mexico could top $30 billion, according to research published Monday weighing potential environmental damage against the estimated price tag.. In the case of the Gulf of Mexico wells, the study found that of the total $30 billion in estimated costs for plugging inactive wells, under $2 billion were in state waters.
Asian markets rose Monday, tracking a rally on Wall Street fuelled by a strong rebound in US regional banks and forecast-beating jobs data that eased fears over a recession in the world's top economy.. Still, a surge Friday in US regional lenders and the strong jobs report provided a shot in the arm for Asian markets at the start of the week.
