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Tue, Apr 30, 2024 06:28 AM All times are UTC

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Charlotte Hornets to renovate Spectrum Center as lease is extended to 2045

Jun 15, 2022 22:56 pm UTC| Sports Economy Business

The Charlotte City Council approved the Charlotte Hornets plans to renovate the 19,000-seater Spectrum Center and build a new practice facility after the NBA team extended their lease until 2045. The original lease...

Coinbase reportedly cutting 1,100 jobs

Jun 15, 2022 10:07 am UTC| Business Economy

Coinbase is said to be planning to reduce its workforce and slash at least 18% of its total employees. This percentage is said to be equivalent to around 1,100 jobs. According to Reuters, Coinbase was forced to do this...

Ferrari announces the appointment of Carla Liuni as its new chief brand officer

Jun 15, 2022 09:54 am UTC| Business Economy

Ferrari, an Italian luxury sports car manufacturer, announced on Monday, June 13, that it has appointed a new chief brand officer. It hired Carla Liuni, a former jewelry executive at Pandora, to join the company this...

KFC restaurant’s former marketing executive returns to the company to be its general manager

Jun 15, 2022 09:21 am UTC| Business Economy

KFC fast-food chain has hired back its former chief marketing officer and offered to be its new general manager. Meg Farren is returning to the company after leaving last year to be Asda Stores Limiteds chief customer...

NFT: Kraft Foods files metaverse, non-fungible token patents

Jun 15, 2022 09:19 am UTC| Business Economy

Kraft Foods is taking its business into the metaverse and world of non-fungible tokens. This was revealed after the company was discovered to have filed for trademarks and patents for some of its products. According to...

Ford to temporary halt sale of Mustang Mach-E crossovers due to safety issues

Jun 15, 2022 08:57 am UTC| Business Economy

Ford Motor will stop selling its electric Mustang Mach-E crossover units after finding some potential safety issues. It was announced that the safety defect may cause the EV to become immobile. On Monday, June 13, Ford...

Shopee reportedly planning mass layoffs worldwide after shutting operations in Spain, India

Jun 15, 2022 08:10 am UTC| Business Economy

Shopee is said to be calling for a mass layoff of its employees, and this news emerged as the company is shutting down some of its operations in some regions, including Spain, India, and France. The job cuts will mainly...

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Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Science

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

MicroStrategy Acquires 122 More Bitcoins, Total Holdings Soar to 214,400 BTC

In a bold move underscoring its commitment to digital currency, MicroStrategy announced the acquisition of an additional 122 bitcoins this April, taking its total holdings to 214,400 BTC. This acquisition, valued at...

Spot Bitcoin ETFs Begin Trading in Hong Kong, Marking New Investment Era

In a significant development, Spot Bitcoin exchange-traded funds (ETFs) commenced trading today in Hong Kong. This launch, eagerly anticipated by domestic and international investors, positions Hong Kong as a key hub for...

Tesla Clears Regulatory Hurdles for FSD Launch in China with Baidu's Help

Tesla and Baidu have joined forces to tackle Chinas rigorous FSD regulations, ensuring all Tesla operational data is stored in Shanghai, thereby adhering to strict data compliance measures. According to Reuters, a...

Samsung Teams With eSports Icon 'Faker' to Boost Odyssey Sales in China

Samsung Electronics has intensified its efforts in China by aligning with Lee Faker Sang-hyeok and the powerhouse T1 eSports team to promote their Odyssey gaming monitors. The collaboration was highlighted during an...

Ethereum Whales Sell Off 56K Coins, Fueling Fears of Further Price Drops

Whales have shaken the Ethereum market by dumping 56,000 coins, leading to widespread speculation about further price corrections amid the crypto markets broader instability. Impact of Whale Transactions on...