ECB's Lane pushes back on core inflation worries
DUBROVNIK, Croatia Falling energy prices will lower underlying inflation in the euro zone and rapid wage growth is
2023-05-26 17:30
Can Xue: The Chinese author who could win a Nobel prize
Denied an education in the Cultural Revolution, Can Xue has since published several award-winning novels.
2023-10-05 14:56
Chelsea's most iconic shirt numbers
A rundown of the most iconic Chelsea squad numbers, including John Terry's 26, Gianfranco Zola's 25 and Frank Lampard's number eight.
2023-07-12 04:57
Ken Paxton's attorney says the suspended Texas attorney general won't testify in impeachment trial
Suspended Texas Attorney General Ken Paxton will not testify in his impeachment trial, according to his attorney, who called the proceeding a "sham" that would "encourage future kangaroo courts."
2023-07-05 03:22
Bitcoin price dramatically crashes amid market worries
Bitcoin’s price has crashed dramatically, amid what seems to be a broader worry in the financial markets. The world’s biggest cryptocurrency has fallen more than 7 per cent over the last 24 hours, and almost 12 per cent in the last week. Other large digital currencies saw similar falls, though not as stark. Ethereum, the second biggest cryptocurrency by market cap, has lost around 10 per cent of its value in the last week. The troubles mean that the crypto market as a whole is down 5.7 per cent over the last 24 hours, according to tracking website Coinmarketcap. Trading volumes increased sharply, too, and were up almost 80 per cent over the last 24 hours. Thursday’s drop in the price of the cryptocurrency was the biggest one day fall since November 2022. That happened when large exchange FTX collapsed, sending shockwaves through the crypto markets and leading to widespread fears. This time around, there was no obvious connection to events in the cryptocurrency market. Instead, investors seemed concern about the economy more generally, and more traditional assets were also hit by falls in recent days. Wall Street’s main indexes fell on Friday, extending declines to the fourth session on a drag from megacap growth stocks, as evidence of a resilient U.S. economy fanned fears of interest rates staying higher for longer. The three main US stock indexes are on track for sharp weekly losses as a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields. The yield on the 10-year Treasury note hit a ten-month high of 4.328 per cent in the previous session and came within a whisker of its highest level since 2007. “The drivers really have been of late the rising Treasury yields and that is signaling a more risk-off investor sentiment,” said Art Hogan, chief market strategist at B Riley Wealth. “Investors are looking at (better-than-expected economic data) and saying the Fed likely isn’t restrictive enough yet.” Traders see a nearly 91% chance of the Fed holding rates at current levels at its September meeting, according to the CME Group’s FedWatch tool. On Friday, rate-sensitive big technology and growth stocks such as Apple, Microsoft, Tesla and Nvidia slipped between 0.7% and 2.8% even as Treasury yields took a breather. The communication services and technology sectors housing major growth stocks fell 1.6% and 1.0% respectively. The tech-heavy Nasdaq hit an over two-month low and is set to post the biggest weekly declines of the three major indices, down 3 per cent so far. The CBOE volatility index hit its highest in nearly three months, reflecting rising investor anxiety. Additional reporting by Reuters Read More How bad is bitcoin for the environment really? Crypto experts discuss bitcoin price predictions What is Solana? The crypto rising 200-times faster than bitcoin Bitcoin’s price is crashing dramatically PayPal launches dollar-backed cryptocurrency World’s first ‘superfast’ battery offers 400km range from 10 mins charge
2023-08-19 21:17
$115M in federal grants will give a boost to smaller meat processors in 17 states
Smaller meat and poultry operators in 17 states will receive $115 million in grants
2023-06-29 18:24
Man Utd confirm extent of Kobbie Mainoo's ankle injury
Man Utd have confirmed midfielder Kobbie Mainoo is set for a spell on the sidelines with an ankle injury.
2023-07-29 16:50
Yamaha unveils self-riding motorbike with no handlebars
Yamaha has unveiled a self-riding electric motorbike that features no handlebars or other standard controls. The Yamaha Motoroid 2 is the next generation of the firm’s Motoroid concept bike first revealed in 2017, but unlike its predecessor, Yamaha has built a working prototype of the latest vehicle. The self-balancing bike features gyroscopes and image recognition AI systems to stay upright and navigate roads, while also being capable of riding itself without anyone aboard. “Motoroid 2 is a vehicle for personal mobility that can recognise its owner, get up off its kickstand and move alongside its rider,” the company said. “[It] has a distinctly lifelike feel when somebody is riding on its back and has a presence more like a lifetime companion.” Yamaha plans to show off the prototype of the Motoroid 2 at the Events Japan Mobility Show 2023 in Tokyo next month. It is not clear whether Yamaha plans to release a production model of the bike, however its continued development suggests that the automotive giant is working to integrate at least some of its features into future motorcycles. Self-driving technology is increasingly common in production vehicles, though it is currently limited to four-wheeled cars and trucks. Some have even considered eschewing steering wheels, with Tesla chief executive Elon Musk originally planning to build a fleet of self-driving electric taxis that have no visible user controls. The plan was reportedly sidelined after company executives noted that regulators in most major markets require steering wheels and pedals on vehicles. Several motorcycle manufacturers have unveiled concept bikes that require no rider to operate. BMW’s ConnectedRide retrofits the company’s R 1200 GS Adventure with autonomous technology to serve as a “testbed for advanced motorcycle safety” equipment that it hopes to introduce to its production models. “In a future world of autonomously driving cars, being connected will be an urgent requirement for all motorcycle segments,” BMW’s Markus Schramm said in 2020. “This will enhance safety and ensure that motorcycling remains future-proof.” Read More Reinventing the seatbelt for the self-driving era
2023-10-11 23:49
Australia’s Cooler Inflation Bolsters Case for RBA to Stand Pat
Australia’s inflation rate slowed more than expected in the three months through June, reflecting global trends and bolstering
2023-07-26 09:48
Bolsonaro's political hopes wither as key judge votes to bar him from office
By Ricardo Brito BRASILIA (Reuters) -Former Brazilian President Jair Bolsonaro was staring into the political abyss on Tuesday when a
2023-06-28 09:48
MLB, union say there was 1 positive test among record 11,783 drug scans in the last year
There was just one positive test resulting in discipline from among a record 11,783 samples collected by Major League Baseball and the players’ association in the year ending with the 2023 World Series
2023-12-02 04:23
Explainer-How France aims to discourage buying of Chinese EVs
PARIS France on Wednesday published new eligibility rules for electric car incentives to exclude EVs made in China,
2023-09-21 01:19
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