Author: Admin
Another baby formula shipment from Europe to arrive in the U.S. on Wednesday
Empty shelves show a shortage of baby formula at a Target store in San Antonio, Texas, May 10, 2022. Kaylee Greenlee Beal | Reuters FedEx Express has secured a government contract to bring another shipment of infant formula to the U.S. on Wednesday, NBC News reported. The Express plane will fly Nestlé baby formula from Ramstein […]
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Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics
Drew Angerer | Getty Images News | Getty Images Hyundai Motor said on Sunday it plans to invest $5 billion in the U.S. by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and A.I. The investment comes alongside the automaker’s recent announcement of a plan to spend $5.54 billion to build its first […]
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First baby formula shipment arrives from Europe on U.S. military plane
A military cargo plane carrying the first shipment of infant formula from Europe to address a critical shortage in the United States landed in Indianapolis on Sunday. A Feb. 17 recall by top baby formula maker Abbott Laboratories and the closing of its manufacturing plant in Sturgis, Michigan have created one of the biggest infant […]
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SpaceX looks to raise $1.7 billion in new funding, boosting its valuation to $127 billion
A Falcon 9 rocket launches a batch of Starlink satellites to orbit on April 29, 2022. SpaceX SpaceX is raising a massive round of fresh funding, CNBC has learned, sending the private company’s valuation to about $127 billion. The space venture is looking to bring in up to $1.725 billion in new capital, at a […]
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Turkey’s Erdogan discusses concerns with NATO hopefuls Sweden and Finland
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT Murat Cetinmuhurdar | Reuters Turkish President Tayyip Erdogan, who has […]
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Shanghai reopens some public transport, still on high Covid alert
Since March, mainland China has struggled to contain its worst Covid outbreak in two years. Notably, the metropolis of Shanghai, pictured here on May 18, only started this week to begin discussing resumption of normal activity — with a goal of mid-June. Hector Retamal | Afp | Getty Images Shanghai reopened a small part of […]
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Any potential recession will be ‘light,’ Qatar Investment Authority CEO says
The CEO of Qatar’s sovereign wealth fund believes that if the world sees a recession, it will be “light.” Rising fears of a looming recession pushed U.S. stocks briefly into a bear market on Friday, as Covid-19 related shutdowns in China, rising interest rates and a cost of living crisis impact investor sentiment. “The sell-off […]
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Biden says ‘hello’ to North Korea’s Kim amid tensions over weapons tests
U.S. President Joe Biden speaks during a joint news conference with South Korean President Yoon Suk-yeol at the Presidential office in Seoul, South Korea, May 21, 2022. Jeon Heon-Kyun | Reuters U.S. President Joe Biden, in Seoul before heading to Japan as part of his first Asia trip as president, had a simple message for […]
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The grand ‘work from anywhere’ experiment got a few things wrong. Here’s how companies are fixing it.
Monday was supposed to mark another milestone for Apple in its effort to bring workers back to the office. The plan — which called for Mondays, Tuesdays and Thursdays to be mandatory days in the office —was scrapped once again as Covid infections tick upward. Apple’s fixed schedule had been met with widespread opposition by […]
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Prices are surging, but people are still paying top dollar to watch live sports
People are changing their spending habits as prices surge at rates not seen in four decades, making choices that favor experiences. That means big demand for live sports. Demand for sports attendance is usually “unresponsive to price changes,” said Dennis Coates, a sports economics professor at the University of Maryland, Baltimore County. “Good times, bad […]
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