Month: May 2022
French billionaire’s stake in BT probed under Britain’s tough new security law
Altice founder Patrick Drahi, left, and co-founder Armando Pereira pose for photos outside the New York Stock Exchange, before the company’s IPO, Thursday, June 22, 2017. Richard Drew | AP The U.K. has launched probes into two major technology deals under its new National Security and Investment Act as it moves to protect its most […]
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Two investment banks cut their China GDP forecasts even lower
China has tried to control the latest Covid outbreak with frequent virus testing requirements. Pictured here is a nucleic acid testing site on May 25, 2022, in Beijing, China. Kevin Frayer | Getty Images News | Getty Images BEIJING — Two investment banks cut their China GDP forecasts this week for a third time this […]
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Singapore’s air travel is rebounding despite China’s border restrictions, transport minister says
Air travel in Singapore is recovering and has reached around 40% of pre-Covid levels despite China’s border restrictions, Transport Minister S. Iswaran said. China’s passenger traffic is significant for Singapore, he said. Some 3.6 million Chinese residents traveled to Singapore in 2019, accounting for 13% of total visitors, according to data from the local tourism […]
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Monkeypox is a dangerous disease threat — but has one key difference from Covid, epidemic coalition says
Health officer uses a thermal head to detect a monkeypox virus on arriving passengers at Soekarno-Hatta International Airport in Tangerang near Jakarta, Indonesia on May 15, 2019. Jepayona Delita | Future Publishing | Getty Images The sudden emergence of monkeypox in several countries around the world represents a concerning outbreak, the head of the Coalition […]
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Rapid grocery delivery boom comes to a grinding halt as Getir, Gorillas slash jobs
Fears of an impending recession are forcing rapid grocery delivery companies to slam the brakes on growth. This week, two of the largest instant grocery apps, Getir and Gorillas, announced decisions to lay off hundreds of employees. Another firm, Zapp said it is proposing redundancies in its U.K. team. Getir reportedly told staff Wednesday that […]
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Russia’s central bank cuts key interest rate to 11%, citing decreased stability risks
MOSCOW, Russia: The Russian central bank has implemented a range of capital controls in a bid to support domestic assets and the ruble currency, as international sanctions squeeze the economy following Russia’s invasion of Ukraine. KIRILL Kudryavtsev | AFP | Getty Images The Central Bank of Russia on Thursday cut its key interest rate from […]
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Monkeypox does not pose a Covid-style risk despite its swift spread, top health execs say
Business and political leaders gathered in the Swiss hilltop town of Davos in May 2022 for the World Economic Forum. Xinhua News Agency | Xinhua News Agency | Getty Images As the business and political elite gathered in Davos, Switzerland, this week for the first in-person World Economic Forum since the onset of the Covid-19 […]
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Russia claims it will allow foreign ships to leave Ukraine ports; intense assault in the Donbas continues
Russia’s elite airborne force ‘mismanaged,’ UK says, leading to tactical failures The Russian Airborne Forces (the VDV) have been heavily involved in several notable tactical failures since the start of Russia’s invasion, according to the latest military intelligence from the U.K.’s Ministry of Defence. Giving three examples of such failures, the ministry said these included: […]
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George Soros says Russia’s gas storage is almost full — and Europe should hold its nerve
Russian President Vladimir Putin delivers a speech during a ceremony honouring the country’s Olympians and Paralympians at the Kremlin in Moscow, Russia April 26, 2022. Maxim Shemetov | Reuters DAVOS, Switzerland — Russian President Vladimir Putin’s bargaining position is “not as strong as he pretends” and Europe has leverage against him, according to billionaire investor […]
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As Klarna cuts jobs, rival fintechs say they’re recruiting for hundreds of roles
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Not all fintech unicorns are cutting jobs. After Klarna announced plans to lay off 10% of its workforce Monday, some rival fintechs are making it clear that they have no intention of cutting jobs or freezing hiring. Revolut, […]
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