Head of IEA says Europe needs ‘contingency plans’ as Russia may further reduce gas deliveries amid its war in Ukraine. Russia may cut off gas to Europe entirely as it seeks to bolster its political leverage during the Ukraine crisis, the head of the International Energy Agency (IEA) said, adding Europe needed to prepare now. … Read more
A spate of cryptocurrency meltdowns have erased tens of billions of dollars of investors’ assets and sparked urgent calls to regulate the freewheeling industry. The price of Bitcoin fell below $20,000 for the first time since late 2020 in a new sign the selloff in cryptocurrencies is deepening. Bitcoin, the most popular cryptocurrency, fell below … Read more
People who need menstrual products in the United States have raised alarm in recent months, after noticing fewer tampon packages on store shelves, or being told their preferred brand of tampons was suddenly unavailable. The issue really came to the public’s attention when TIME Magazine published an article earlier this month titled, The Great Tampon … Read more
US car manufacturers reported nearly 400 crashes involving cars with partially autonomous driver assistance systems, according to a new report from a US car-safety regulator released on Wednesday. Tesla, which has about 830,000 vehicles on the road with driver-assist programs that have partial control over speed and steering, reported 273 crashes, about 70 percent of … Read more
The world’s largest cryptocurrency has slumped about 70 percent since its record high of $69,000 in November. Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and spurring a sharp fall in crypto markets sparked by crypto lender Celsius freezing customer withdrawals. The world’s largest cryptocurrency fell as much … Read more
As investors grow increasingly worried about inflation and higher interest rates, Wall Street has fallen into a bear market. The US Federal Reserve bank has indicated that it will push up interest rates as it struggles to curb the highest rates of inflation the country has seen in decades. The uncertainty unleashed by Russia’s invasion … Read more
The average price for regular unleaded petrol rose to $5.004 a gallon on Saturday from $4.986 a day earlier, AAA says. The price of US gasoline has averaged more than $5 a gallon (3.79 liters) for the first time, data from the AAA showed, extending a surge in fuel costs that is driving rising inflation. … Read more
Former McDonald’s restaurants set to reopen under new branding and ownership in Russia. The new fast-food chain that will take over McDonald’s in Russia has unveiled its new logo before its relaunch. The new logo design shows a red-orange circle and two orange lines against a green background, the image reportedly represents two sticks of … Read more
Elon Musk’s lawyer accuses the platform of ‘thwarting his information rights’ by not providing more data on fake accounts. Billionaire Elon Musk has threatened to pull out of a $44bn deal to buy Twitter if the social media platform does not provide data he is requesting on bot and spam accounts. In a letter to … Read more
In recent weeks, Tesla CEO Elon Musk praised Tesla China employees for ‘burning the 3 am oil’ while saying that Americans are ‘trying to avoid going to work at all.’ By Katrina Nicholas and Dana HullBloomberg Published On Jun 1, 2022Jun 1, 2022 The world’s richest man has had it with this whole working-from-home business. … Read more
