Month: July 2022
Bank of Israel hikes benchmark interest rate 1/2-point in inflation battle
The Bank of Israel lifted its key rate to 1.25% from 0.75% in July in a bid to battle rising inflation. Eddie Gerald | Moment | Getty Images The Bank of Israel on Monday raised its benchmark interest rate by a half percentage point, its most aggressive move in more than a decade in a […]
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Three stock market themes to play in the third quarter
The health care sector is often a sleepy performer but in this market turmoil it may prove to be one of the areas of not only safety in the third quarter — but growth. The third quarter could be a turbulent time, after the worst first half for stocks since 1970. As investors fear rampant […]
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Tired of swiping left, singles are turning to new matchmaking services for dates
A smartphone showing a variety of dating apps. Yu Chun | Christopher Wong | S3studio | Getty Images Swiping left to keep looking is easy. So is swiping right to like someone. But there’s only so much swiping some people can take, especially when they have nothing to show for it. So a growing number […]
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Another crypto lender Vauld pauses withdrawals as market crash takes its toll
Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Crypto lender Vauld on Monday paused all […]
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British Army’s Twitter and YouTube accounts hacked to promote cryptocurrency scams
A screenshot of the British Army’s Twitter profile when it was hacked, via Wayback Machine. Its profile and banner pictures were changed to resemble a nonfungible token collection called “The Possessed.” A hacker compromised the social media accounts of the British Army to push people toward cryptocurrency scams. The army’s Twitter and YouTube profiles were […]
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There are limited hopes that the airline industry’s problems will improve in the coming months, says analyst
Ruxandra Haradau-Doser, head of airlines and airports equities research at Kepler Cheuvreux, discusses employee strikes, flight cancelations and the rise in Covid rates. Source
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Thailand ends almost all travel restrictions — but one key rule remains
Travelers wondering what it’s like to visit Thailand now may be interested to know the country is “allowing almost everything” again. That’s according to the Tourism Authority of Thailand (TAT), the governmental entity responsible for promoting tourism to the country. Masks are no longer required, and the country’s color-coded system — which placed limits that […]
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Turkey’s annual inflation soars to almost 79%
Shoppers stroll the aisles of a bazaar in Konya, Turkey. The country is experiencing brutal inflation, with food and non-alcoholic beverage prices rising 70.3% year over year for March. Diego Cupolo | Nurphoto | Getty Images Inflation in Turkey rose close to 79% last month, the highest the country has seen in a quarter of […]
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Americans hoping for European vacations this summer should prepare for one thing: chaos
Some airlines and airports are struggling with the post-covid demand for travel. Anadolu Agency | Anadolu Agency | Getty Images LONDON — Delays, cancellations and strikes. It’s been a messy time for many European tourist hotspots as airlines and airports struggle to cope with pent-up travel demand after Covid-19 lockdowns. Thousands of flights have been […]
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Russian forces turn firepower on Donetsk after capturing Luhansk; Zelenskyy vows Ukraine will win back its land
Russia’s ‘grinding and attritional’ tactics in the Donbas unlikely to change, UK says Britain’s Ministry of Defense has said that Russian forces, having seized the Luhansk province in the Donbas after weeks of intense shelling, are likely to employ the same tactics to seize Donetsk Scott Olson | Getty Images Britain’s Ministry of Defense has […]
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