Month: June 2022
Putin to meet leaders from bloc of countries that have not condemned his invasion of Ukraine
Russian President Vladimir Putin and Chinese President Xi Jinping pose for a photograph during their meeting in Beijing, on Feb. 4, 2022. The two countries announced a “no limits” partnership prior to Russia’s invasion of Ukraine, though Beijing has tried to position itself further away from Russia than portrayed after Xi and Putin met. Alexei […]
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Daimler Truck CEO: Supply chain pressures worst I’ve seen in my career
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Martin Daum, CEO of Daimler Truck, discusses the impact of supply chain squeezes on the automotive industry, where demand is growing most, and how his company has handled the fallout from the war in Ukraine. Source
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UK inflation hits new 40-year high of 9.1% as food and energy price surge persists
More than four in five people in the U.K. are worried about rising living costs and their ability to afford basics necessities like food and energy over the coming months, according to a new survey. Tolga Akmen | Afp | Getty Images LONDON — U.K. inflation hit 9.1% year-on-year in May as soaring food and […]
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War in eastern Ukraine is ‘the toughest spot,’ Zelenskyy says; tensions rise between Russia and NATO member Lithuania
Ukrainian President Volodymyr Zelenskyy has said the intense battles in eastern Ukraine represent “the toughest spot” in the conflict, with Russian forces “pressing strongly” in the region. Several cities, towns and villages in the Luhansk region have been the focus of severe fighting for several weeks with Russian and Ukrainian forces engaged in street battles […]
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Bitcoin could plunge even further to a low of $13,000, one strategist warns
If crypto’s past bubbles are anything to go by, bitcoin could be about to fall much further. That’s according to one strategist, who warns the world’s top cryptocurrency is likely to tank as low as $13,000 — an almost 40% drop from current levels. “We would still be selling these kinds of cryptocurrencies into this […]
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Coal investments set to rise 10% this year as nations fret over energy security
Coal and a wind turbine in Hohenhameln, Germany, on April 11, 2022. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons in recent months. Mia Bucher | Picture Alliance | Getty Images Global energy investment is on course to jump by more than 8% in 2022 and hit $2.4 […]
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Magnitude 6.1 earthquake killed at least 130 people in Afghanistan, officials say
An earthquake of magnitude 6.1 that rocked Afghanistan has killed at least 130 people in the country’s east, disaster management officials said on Wednesday. The majority of confirmed deaths were in the province of Paktika, where 100 people were killed and 250 injured, said Mohammad Nassim Haqqani, the head of the Taliban administration’s disaster management […]
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South Korea puts crypto company Terraform Labs’ staff on no-fly list
The collapse of the Terra ecosystem will go down as one of the most painful and devastating chapters in crypto history. Gabby Jones | Bloomberg via Getty Images Several employees of South Korea-based Terraform labs, the company behind the stablecoin TerraUSD, which collapsed last month and roiled cryptocurrency markets, cannot leave the country, prosecutors said. […]
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Last year it was floods. Now heat waves are driving record power consumption in China’s Henan
A citizen wearing a breathing mask to escape heat rides on the road on May 23, 2019 in China. The electricity load in the Chinese province of Henan reached a new record on Monday, primarily driven by air-conditioning demand, as scorching heat waves spread across regions north of the Yangtze river. Vcg | Visual China […]
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This 32-year-old has a toy business worth millions. Here’s how he got his big break with DC Comics
“I’m not the best artist. I’m terrible,” said Jackson Aw with a sheepish laugh. That may seem ironic, given how the 32-year old is the founder and chief executive officer of Mighty Jaxx, a designer toy company from Singapore. But to Aw, acknowledging his own shortcomings has helped him turn his start-up into a multimillion-dollar […]
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