Month: May 2022
For the first time, Japan’s SoftBank could spend more on share buybacks than new investments: CLSA
During a recent earnings presentation, SoftBank Founder Masayoshi Son (pictured here in 2019) said the company will go into “defense” mode as a result of myriad headwinds that have roiled global markets. Tomohiro Ohsumi | Getty Images Japanese conglomerate SoftBank Group may for the first time spend more on share buybacks than investments through its […]
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Cryptocurrency luna crashes to $0 as UST falls further from dollar peg; bitcoin rebounds 8%
Bitcoin staged a rebound on Friday, jumping above $30,000 despite the ongoing woes of stablecoin TerraUSD which has caused panic in the crypto market. The world’s largest cryptocurrency bitcoin was trading at around $30,262.85 at 4 a.m. ET on Friday, according to CoinGecko data, up 8% in the last 24 hours after it dropped to […]
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Spain to reportedly offer three days of menstrual leave every month
Spain is set to approve a law next week, offering three days a month of menstrual leave, according to reports. Getty Images | Westend61 The Spanish government is set to pass a law offering three days of menstrual leave a month for workers who experience severe period pain, according to several media reports. The reform […]
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Russia investing ‘significant effort’ in eastern offensive; Zelenskyy says Kremlin defeat is obvious. Follow our live updates
Russia investing ‘significant effort’ in bid to achieve eastern Ukraine breakthrough, UK says Ukrainian soldiers and their anti-aircraft missile system near Slovyansk, eastern Ukraine, on May 11, 2022. Yasuyoshi Chiba | AFP | Getty Images Russian forces are investing “significant effort” around the Ukrainian cities of Izium and Severodonetsk in an attempt to achieve a […]
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North Korea reports first Covid-19 death as fever ‘explosively spreads’
People sit near a screen showing a news broadcast at a train station in Seoul on May 12, 2022, of North Koreas leader Kim Jong Un appearing in a face mask on television for the first time to order nationwide lockdowns after the North confirmed its first-ever Covid-19 cases. Anthony Wallace | AFP | Getty […]
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With floods and electricity shortages, South Africa’s economy is threatening to go into reverse
DURBAN, South Africa – April 16, 2022: Massive debris at the Durban harbor following heavy rains, mudslides, rain and winds in Durban. The harbour serves as a bulwark for the economy of the city of Durban. RAJESH JANTILAL/AFP via Getty Images South Africa’s economy picked up momentum in the first quarter of the year, but […]
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Shanghai says victory against Covid getting closer
Residents line up to take nucleic acid tests on May 12, 2022 in Shanghai, China. Streets in China’s capital Beijing were quiet on Friday as residents heeded the advice of authorities to work from home to stop the spread of Covid-19, while officials in locked-down Shanghai said they aimed to defeat the virus this month. […]
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Are stratospheric balloon rides to ‘space’ safe?
These balloons will travel 30 to 40 kilometers high and the journeys are said to be so smooth that passengers can eat, drink and walk around during the flight. CNBC’s Monica Pitrelli reports. Source
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Education is important, ‘but the money does not seem to add up,’ says UNESCO
The amount spent on financing education doesn’t match the view that education is important, said Priyadarshani Joshi, a research officer on UNESCO’s Global Education Monitoring Report team. Nobody would argue that education isn’t important, “but the money does not seem to add up,” Joshi told CNBC’s Squawk Box Asia last Friday as she spoke about […]
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Sri Lanka names new prime minister in bid to address growing crisis
United National Party leader Ranil Wickremesinghe sets his signature on his letter of appointment as the new Prime Minister at the Presidentâs House in Colombo, Sri Lanka, 12 May 2022. Wickremesinghe, a political veteran who has been prime minister of the island nation five times before, must try to address financial chaos and heal political […]
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