London CNN — When US President Joe Biden signed the Inflation Reduction Act into law, he enacted the biggest climate investment in American history — a landmark moment for a nation that pumps more carbon into the atmosphere than any country bar China. “Our Department of Energy estimates that the new law will reduce emissions […]
Reuters — Lyft (LYFT) on Thursday forecast current-quarter revenue below Wall Street estimates, blaming extremely cold weather in some of its major markets and lower prices, especially during peak hours, sending its shares down nearly 25% in extended trading. The company’s outlook was in contrast to that of its larger rival Uber (UBER), whose strong […]
CNN — The president of SpaceX revealed the company has taken active steps to prevent Ukrainian forces from using the critical Starlink satellite technology with Ukrainian drones that are a key component of their fight against Russia. “There are things that we can do to limit their ability to do that,” Gwynne Shotwell told reporters […]
Washington CNN — Even as rents are cooling in some parts of the country, it has never cost more to rent a Manhattan apartment during the month of January as it did last month. January is normally a slow month for housing, but median rent last month was the highest of any January on record […]
Washington CNN — Iran appears to be modifying the attack drones it’s providing to Russia so that the explosive warheads can inflict maximum damage on infrastructure targets inside Ukraine, according to a new investigative report obtained exclusively by CNN. Iran has given Russia hundreds of drones to use in its war in Ukraine, many of […]
Hong Kong CNN — Alibaba says it will launch its own ChatGPT-style tool, becoming the latest tech giant to jump on the chatbot bandwagon. The Chinese behemoth said it was testing an artificial intelligence-powered chatbot internally. It did not share details of when it would launch or what the application would be called. “Frontier innovations […]
CNN Business — The first stamps featuring King Charles III were unveiled on Wednesday by the Royal Mail, the British postal service. The King is captured in profile, his head bare, looking to the left. The standard first-class stamp will feature the portrait on a plain purple background. “Delighted that the Royal Mail will be […]
Abuja, Nigeria CNN — Nigeria was forced Wednesday to delay plans to replace its banknotes with a redesigned currency after chaotic scenes at ATMs as millions of people struggled to get their hands on the new cash. The country’s old notes were supposed to cease to be legal tender starting February 11 but the country’s Supreme […]
Hong Kong CNN — Even for a famously frugal nation, Chinese people saved a lot last year. Stuck at home due to Covid restrictions, they socked away a record $2.6 trillion. Now that life is returning to normal, hopes are high that consumers will spend with a vengeance, providing a much-needed boost to the world’s […]
CNN — When plans for the South African government’s tourism board to sponsor English Premier League club Tottenham Hotspur were leaked and then confirmed last week, they caused widespread public anger. The controversial sponsorship deal, which has been conditionally approved but not yet finalized, is reported to be around $58 million (R1 billion). But South […]