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UK Signs Pact to Join Pacific Trade Deal; Focus Turns to China
UK Signs Pact to Join Pacific Trade Deal; Focus Turns to China
The UK signed a treaty to join a Pacific trade deal on Sunday, formally becoming the first new
2023-07-16 13:28
La Palma: Thousands evacuated as Canary Island wildfire burns
La Palma: Thousands evacuated as Canary Island wildfire burns
The blaze on Spain's La Palma has destroyed some 4,500 hectares of land since Saturday.
2023-07-16 13:17
G-20 Latest: Yellen Wants to Build on Improving US-China Ties
G-20 Latest: Yellen Wants to Build on Improving US-China Ties
US Treasury Secretary Janet Yellen said she’s eager to build on recent improvements in US-China relations as finance
2023-07-16 12:52
Yellen Hopes to Build on US-China Thaw at India G-20 Gathering
Yellen Hopes to Build on US-China Thaw at India G-20 Gathering
US Treasury Secretary Janet Yellen said she’s eager to build on recent improvements in US-China relations as finance
2023-07-16 12:46
Large-scale rescue operation recovers 7 bodies after flooding traps cars in South Korea tunnel
Large-scale rescue operation recovers 7 bodies after flooding traps cars in South Korea tunnel
Rescue workers pulled seven bodies from vehicles trapped in a flooded underpass in central South Korea, authorities said Sunday, after days of torrential rain caused landslides and flash floods that have killed at least 33 people.
2023-07-16 12:16
Twitter is in negative cash flow due to 50% drop in advertising revenue, says Elon Musk
Twitter is in negative cash flow due to 50% drop in advertising revenue, says Elon Musk
Elon Musk says Twitter is still losing cash because advertising has dropped by half. In a reply to a tweet offering business advice, Mr Musk tweeted Saturday: “We’re still negative cash flow, due to (about a) 50 per cent drop in advertising revenue plus heavy debt load.” “Need to reach positive cash flow before we have the luxury of anything else,” he concluded. Ever since he took over Twitter in a $44bn deal last fall, Mr Musk has tried to reassure advertisers who were concerned about the ouster of top executives, widespread layoffs and a different approach to content moderation. Some high-profile users who had been banned were allowed back on the site. In April, Mr Musk said most of the advertisers who left had returned and that the company might become cash-flow positive in the second quarter. In May, he hired a new CEO, Linda Yaccarino, an NBCUniversal executive with deep ties to the advertising industry. But since then, Twitter has upset some users by imposing new limits on how many tweets they can view in a day, and some users complained that they were locked out of the site. Mr Musk said the restrictions were needed to prevent unauthorized scraping of potentially valuable data. Twitter got a new competitor this month when Facebook owner Meta launched a text-focused app, Threads, and gained tens of millions of sign-ups in a few days. Twitter responded by threatening legal action. Read More Elon Musk doppelganger fights fake Mark Zuckerberg in preview of cage match Twitter starts making payments to its controversial users, including $20k to Andrew Tate Threads: Elon Musk posts series of explicit tweets about Mark Zuckerberg
2023-07-16 11:21
A Houston-area man has been federally charged in a social media sextortion scheme of minors
A Houston-area man has been federally charged in a social media sextortion scheme of minors
A Houston-area man was arrested Thursday and federally charged with the sexual exploitation of children for obtaining explicit images and videos of women throughout the United States, many of whom were minors, and using them for extortion, according to a criminal complaint.
2023-07-16 10:24
China, Russia Military Drills Rose to a Record High in 2022
China, Russia Military Drills Rose to a Record High in 2022
President Xi Jinping has resisted crossing Washington’s red lines over arming Russia’s war machine in Ukraine. But that
2023-07-16 10:00
Middle Eastern Wealth Flows to China Amid Anxiety About US Ties
Middle Eastern Wealth Flows to China Amid Anxiety About US Ties
Oil-rich gulf monarchies are leveraging their wealth to deepen ties with China amid anxiety about the future of
2023-07-16 09:19
Musk Says Twitter Cash Flow Still Negative, Lifts Rate Limit
Musk Says Twitter Cash Flow Still Negative, Lifts Rate Limit
Twitter owner Elon Musk said the company still has a negative cash flow because of its heavy debt
2023-07-16 09:16
Inside the school teaching North Korean defectors how to live in the outside world
Inside the school teaching North Korean defectors how to live in the outside world
This school is supposed to prepare North Korean defectors for the real world. But some say it does little to help -- and the system needs an overhaul.
2023-07-16 08:57
China economic data likely to show recovery is fading quickly
China economic data likely to show recovery is fading quickly
BEIJING A flurry of economic data from China on Monday is expected to show its post-pandemic bounce is
2023-07-16 08:47
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