Month: May 2022
The crypto industry wants to go green — but that’s easier said than done
BODEN, Sweden — Tucked away in snowy Swedish Lapland is a modern-day gold mine. But instead of picks and shovels, it’s filled with thousands of computers. These machines, known as mining rigs, are working around the clock to find new units of cryptocurrency — in this case, ethereum, the second-largest token globally. To do so, […]
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Finland has walked a political tightrope between Moscow and the West for decades. But that could be about to end
Finland’s Prime Minister Sanna Marin has said that her country will be deciding on whether to join NATO within weeks. This could also propel neighbouring Sweden to do the same. Ludovic Marin | Afp | Getty Images Finland could be about to announce that it’s joining the military alliance NATO — in what would mark […]
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Chip supply issues are still giving some of world’s biggest companies a major headache
Apple CEO Tim Cook Brooks Kraft/Apple Inc/Handout via Reuters An ongoing shortage of chips and other basic materials is forcing some of the world’s biggest tech and automotive companies to scale back their targets this year. Apple CEO Tim Cook warned Thursday that the company was “not immune” to supply chain challenges, noting that the […]
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Solomon Islands to supervise Chinese police operating there, official says
In a frame grab from video footage taken in 2021, Australian Federal Police officers and local police monitor a crowd in Honiara, Solomon Islands after days of rioting following political violence prompted the snap deployment of international peacekeepers. Jay Liofasi | AFP | Getty Images China’s police presence under a new security pact will boost […]
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Can crypto clean up its dirty image?
Today, bitcoin uses up as much energy as entire countries. That has governments around the world concerned. It used to be possible to mine cryptocurrency with a decent laptop. Today, it’s a job done by huge operations running power-intensive machines around the clock. Bitcoin, the world’s biggest digital currency, now consumes as much energy as […]
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Time for a fourth Covid vaccine dose? Here’s why medical professionals are skeptical
There hasn’t been enough research on how much protection a fourth dose can offer, medical professionals told CNBC. Justin Sullivan | Getty Images Countries are beginning to offer a fourth dose of the Covid-19 vaccine to vulnerable groups, but medical professionals are undecided on whether it would benefit the wider population. The U.S. Food and […]
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Goldman Sachs: Buy these 4 global stocks that are set for ‘pure growth’
Analysts at Goldman Sachs have named four buy-rated global stocks they say could be set for “pure growth.” Source
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It’s not just Russia – China’s also contributing to higher inflation worldwide, report says
Restrictions and tariffs imposed by China in two major commodities — fertilizer and pork — have caused prices to surge worldwide. Deng Gang | Visual China Group | Getty Images Russia is guilty of creating a food security crisis and higher energy prices through its war with Ukraine, but China has — under the radar […]
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Qantas orders Airbus jets for world’s longest non-stop flight
Qantas Airways Boeing 737-800 planes sit parked on the runway at Sydney International Airport on July 22, 2020. David Gray | Getty Images News | Getty Images Qantas Airways said on Monday it had ordered 12 A350-1000 planes from Airbus to be used on what will be the world’s longest commercial flight from Sydney to […]
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Asia-Pacific stocks mixed as data show Chinese factory activity contracted in April
SINGAPORE — Shares in Asia-Pacific were mixed in Monday morning trade, with data released over the weekend showing Chinese factory activity contracted in April. In Japan, the Nikkei 225 climbed about 0.1% in early trade while the Topix index gained 0.13%. South Korea’s Kospi shed 0.83%. Australia stocks declined, with the S&P/ASX 200 dipping 0.16%. […]
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