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Fri, May 17, 2024 03:05 PM All times are UTC

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US trustee in J&J bankruptcy case balks at lawyer's $2,465 hourly rate

May 24, 2022 23:50 pm UTC| Law Economy Business

The US is objecting to a Johnson Johnson subsidiary LTL Management LLCs bid to add Neal Katyal to its legal team for its bankruptcy case due to the latters hourly rate of $2,465. The case is being utilized by Johnson ...

Nike to release LeBron 19 in "Hard Hat" colorway on July 2

May 24, 2022 23:39 pm UTC| Sports Economy Business Life

Nike is releasing the Hard Hat colorway of its LeBron 19 on July 1, 2022r, showing that it is all about having the right tools to build a championship-worthy team. The upper, eyelets, midsole, and distinctive logo on...

Foreign banks in S. Korea suffer 4.5% drop in profits in 2021

May 24, 2022 23:24 pm UTC| Economy Business

The net profit of 35 foreign bank branches in South Korea dropped 4.5 percent to 1.15 trillion won in the fiscal year of 2021, down 53.5 billion won from a year earlier due to an increase in securities-linked losses amid...

EA reportedly in talks with Comcast, Apple, Amazon, Netflix, and Disney over buyout or merger

May 24, 2022 23:24 pm UTC| Economy Business Technology

Video game giant Electronic Arts (EA) is seeking a buyer or merger opportunity, with some of the biggest names in media and technology, such as Comcast, Apple, Amazon, Netflix, and Disney. According to an EA...

KB Kookmin Bank, Emart opens hybrid convenience store

May 24, 2022 09:59 am UTC| Business Economy

KB Kookmin Bank and Emart 24 have joined forces to launch a hybrid convenience store with a commercial bank. The companies revealed on Monday, May 23, that they have opened a shop in Cheongju, North Chungcheong...

Pulmuone launches vegan restaurant in Seoul

May 24, 2022 09:42 am UTC| Business Economy

Pulmuone Food Culture Co. Ltd., the cafeteria service management unit of Pulmuone Seoul-based food producer, has launched a vegan restaurant inside a shopping mall complex located in the posh district of Gangnam. The...

Starbucks leaving Russia for good, 130 cafes set to officially shut

May 24, 2022 08:34 am UTC| Business Economy

Starbucks Corp. announced on Monday, May 23, that it is officially leaving Russia after suspending its business in March due to the ongoing war in Ukraine that was started by Russia. The coffee chain will be closing its...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

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...

Technology

Microsoft Integrates AMD AI Chips into Azure, Competing with Nvidia’s GPU Offerings

Microsoft announced Thursday that it will integrate AMDs MI300X processors into its Azure cloud services, offering a competitive alternative to Nvidias GPUs. Azures New AI Processing Power According to Reuters,...

Altcoins a ‘Relatively Huge’ Risk as Big Returns Fade, Analysts Warn Investors

Analysts caution that altcoins now represent a relatively huge risk, with the days of massive returns fading. Markus Thielen of 10xResearch suggests the high-reward era is over as crypto market narratives...

Bitcoin Has Best Day in 2 Months as SHIB to Get More Scarce with Shibarium

Bitcoin experienced its largest single-day rise in nearly two months, while ShibaSwaps expansion to Shibarium is set to increase SHIBs scarcity by boosting its burn rate. ShibaSwap Launches on Shibarium, Increasing SHIB...

Kia's Electric Pickup Spotted in US Testing, Targets Tesla Cybertruck, Ford F-150 Lightning

Kias upcoming electric pickup, designed to rival the Tesla Cybertruck, Rivian R1T, and Ford F-150 Lightning, has been spotted testing in the U.S., marking a significant step in its development. Kias Strategic Move into...

OpenAI Strikes Deal with Reddit to Bring Content to ChatGPT, Boosting Stocks

OpenAI and Reddit announced a partnership on May 16 to integrate Reddit content into ChatGPT, enhancing the chatbots capabilities and driving Reddits stock up 12% in extended trading. Reddit Diversifies Beyond...