Month: May 2022
Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller said Monday he sees interest rate increases continuing through the rest of the year […]
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WHO can’t rule out monkeypox pandemic risk, says there’s a window of opportunity to stop outbreak
The World Health Organization has said that there is a “window” of opportunity to contain a recent monkeypox outbreak which has seen cases spread across Europe, the U.S. and Australia. Nurphoto | Nurphoto | Getty Images The World Health Organization said Monday that it is too soon to tell whether a recent monkeypox outbreak could […]
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BeReal is the latest buzzy social media app trying to go mainstream. Here’s how it works
Zoom In IconArrows pointing outwards BeReal | Jessica Bursztynsky Popular social media apps come and go with frequency, as developers try to find the next big that will go viral with Gen Z users. Most flame out long before reaching the status of an Instagram or Snapchat. Among the newbies gaining steam and aiming to […]
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German inflation at highest level in nearly half a century
Cologne, Germany, February 19 2022: Consumer prices in Germany increased an annual 8.7% in May, the Federal Statistics Office said on Monday. Sascha Schuermann | Getty Images News | Getty Images German inflation reached its highest level in nearly half a century in May, a result of energy and food prices that have only gone […]
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What’s next for the ‘Metaverse’?
In the future, we could be spending more time in virtual worlds. That’s what the world’s tech giants are betting on anyway, as they push forward the Metaverse. Source
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Egypt set for world’s sixth largest high-speed rail system with backing from Germany’s Siemens
A train passes through a station in Egypt. The project involving Siemens Mobility will use trains that can reach a top speed of 230 kilometers per hour, and the line will be fully electrified. Paulvinten | Istock | Getty Images A new high-speed rail line is coming to Egypt, with developer Siemens Mobility saying it […]
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UK launches new visa for world’s top graduates — is your college on the list?
Graduates from the world’s top colleges, who are still early on in their careers, will now be able to apply for a short-term visa to stay and work in the U.K. From Monday, the U.K. government has said people who have graduated, in the last five years, from one of the eligible leading universities listed […]
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The Hamptons summer rental market is facing an unexpected chill as inventory piles up and prices come down
The rental market in the Hamptons is facing an unexpected chill this summer. After two years of strong demand and soaring prices, the supply of rentals in the Hamptons is surging, leading to a wave of last-minute price cuts. Median rental prices in the first quarter fell 26%, according to Jonathan Miller, CEO of Miller […]
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The luna cryptocurrency has been resurrected after its $40 billion collapse. It’s already crashing
Cryptocurrency markets have seen a steep sell-off after the collapse of controversial blockchain project Terra. Dan Kitwood | Getty Images A new version of the collapsed luna cryptocurrency is already live on major exchanges — and it’s gotten off to a bad start. Last week, supporters of the Terra blockchain project voted to revive luna […]
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EU to discuss watered-down oil embargo on Russia as Hungary holds firm
Oil prices rose as traders closely monitored the prospect of the EU agreeing to impose a ban on Russian oil imports. Attila Kisbenedek | Afp | Getty Images The European Union on Monday will continue to work toward an agreement to embargo Russian oil after attempts to do so on Sunday failed. The talks are […]
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