Month: May 2022
Erdogan says Turkey doesn’t support Sweden, Finland joining NATO
Turkey’s President Tayyip Erdogan holds a news conference during the NATO summit at the Alliance’s headquarters in Brussels, Belgium June 14, 2021. Yves Herman | Reuters Turkish President Recep Tayyip Erdogan has thrown Sweden and Finland’s potential NATO membership into doubt, just as both countries are on the cusp of applying to join the alliance […]
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Elon Musk can’t just walk away from his Twitter deal by paying a $1 billion breakup fee
Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk can’t just walk away from his deal to acquire Twitter by paying an agreed-upon $1 billion breakup fee. It’s not that simple. Musk Friday tweeted that he has decided to put his acquisition of Twitter “on hold” as […]
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IRS insists destruction of 30 million files of taxpayer data won’t affect payers
alfexe | iStock | Getty Images Filers won’t be affected by the IRS decision to destroy data for millions of taxpayers, the agency said in a statement Thursday. The IRS tossed an estimated 30 million so-called paper-filed information returns in March 2021, according to an audit by the Treasury Inspector General for Tax Administration. The […]
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Prices for NFL tickets are topping pre-Covid levels, secondary market vendor says
Tom Brady (12) of the Buccaneers shakes hands with Patrick Mahomes (15) of the Chiefs after the regular season game between the Kansas City Chiefs and the Tampa Bay Buccaneers on November 29, 2020 at Raymond James Stadium in Tampa, Florida. Cliff Welch | Icon Sportswire | Getty Images Tickets for the upcoming NFL season […]
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Strategist says stock market may become a ‘meat-grinder of forlorn hope’ for dip-buyers
LONDON – Investors looking for value in the stock market during the ongoing downturn may be “deluding themselves,” according to Sean Corrigan, director at Cantillon Consulting. Fears that central banks will have to hike interest rates aggressively to curb inflation — at the risk of quashing growth as the global economy suffers concurrent hits from […]
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Buy now, pay later is not a boom, it’s a bubble, Harvard researcher says
Most people love the convenience of buy now, pay later. Since the start of the coronavirus pandemic, installment payments have exploded in popularity along with a general surge in online shopping. Initially, spreading out the cost of a big-ticket purchase — like a Peloton, for example — just made financial sense, especially at 0%. Now, 4 in […]
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Slain Al Jazeera journalist laid to rest in Jerusalem
Thousands of mourners, some hoisting Palestinian flags and chanting “Palestine, Palestine,” on Friday attended the funeral in Jerusalem for veteran Al Jazeera journalist Shireen Abu Akleh, who witnesses say was shot and killed by Israeli forces earlier this week while covering a military raid in the occupied West Bank. Earlier on, ahead of the church […]
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Regulators are growing anxious about stablecoins after Terra’s stunning collapse
The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators are getting increasingly worried about stablecoins after the collapse of controversial cryptocurrency venture Terra. TerraUSD, an “algorithmic” stablecoin that’s meant to be pegged one-to-one with the U.S. dollar, has erased much of its value this week […]
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Brittney Griner’s pre-trial detention in Russia extended by a month, lawyer says
Brittney Griner #42 of the Phoenix Mercury poses for a photo at practice and media availability during the 2021 WNBA Finals on October 16, 2021, at Wintrust Arena in Chicago, Illinois. Barry Gossage | National Basketball Association | Getty Images WNBA star Brittney Griner’s pre-trial detention in Russia was extended by a month during a […]
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Calling a man bald counts as sexual harassment, UK judge rules
A U.K. employment tribunal argued that the use of the word “bald” as an insult related to a “protected characteristic of sex.” Michellegibson | E+ | Getty Images Calling a man bald can now be classed as sexual harassment, a U.K. employment tribunal judge has ruled. Three members of the tribunal who decided on the […]
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