One evening in late December last year, I received a cryptic phone call from a PR director at TikTok, the popular social media app. I’d written extensively about the company for the Financial Times, so we’d spoken before. But it was puzzling to hear from her just before the holidays, especially since I wasn’t working
admin
The UK’s opposition Labour and Liberal Democrat parties expressed optimism early on Friday that they were making significant gains as votes began to be counted after local elections in many parts of England. Both parties argued that their performances positioned them well for the forthcoming nationwide general election. Labour’s shadow health secretary, Wes Streeting, told
The European Central Bank (ECB) raised its key interest rates by 25 basis points, slowing the pace from previous increases. However, as inflation in the euro area remains persistently high, future rate hikes may still be expected with the regulator insisting it will continue to seek a “timely return” to its 2% inflation target and
Smart contract auditor CertiK claims to have blocked $160,000 from Merlin, a zk-Sync-based decentralized exchange (DEX) which has been the center of a rogue insider “rugpull” that lost users $1.8 million last week. CertiK shared the news of its successful $160,000 freeze of the stolen funds in an update to its 257,700 Twitter followers on
Iranian President Ebrahim Raisi has condemned the current unipolar world order, emphasizing that Iran plans to join the BRICS group to help create a multipolar world. “Iran wants to have constructive relations with all states on the basis of common interests,” he stressed. Iran Condemns Unipolar World Order Iranian President Ebrahim Raisi said on Tuesday
El Salvador’s president, Nayib Bukele, has enacted a law that eliminates all taxes on technology innovations, software and app programming, AI, computer, and communications hardware manufacturing. The law is expected to boost the country’s technology sector, generate more jobs for its population, and attract foreign investment. Bukele Signs Law to Boost Technology Industry in El
In the US tech sell off, Apple was regarded as the safest pair of hands. It has more than 2bn active devices and nearly 1bn people paying for services. Unlike many of its peers it pays dividends as well as buying back shares. A drop in revenue and net income in the last quarter does
Apple’s iPhone shipments bounced back from supply chain disruptions in the holiday period, though revenue still declined year-on-year for the second quarter in a row due to what it described as a “tougher” economic environment and currency headwinds. Finance chief Luca Maestri said Apple had seen “significant acceleration in iPhone revenue from December to March”.
Our weekly roundup of news from East Asia curates the industry’s most important developments. SUI rises to glory as Sun sets sights on it On Apr. 30, cryptocurrency exchange Binance unveiled two LaunchPools for the then-up-and-coming listing of Sui tokens. As a Layer-1 blockchain created by Mysten Labs, which in turn was founded by former
Travel groups Expedia and Booking Holdings said there was strong demand for accommodations in the first three months of 2023, with both companies notching record sales figures. Expedia reported $2.7bn in revenues, its highest for a first quarter and an 18 per cent improvement on the comparable period in 2022. Booking said its gross bookings
In this article CVNA AAPL BKNG SQ COIN DASH Follow your favorite stocksCREATE FREE ACCOUNT Apple’s first physical retail store is located in the populous city of Mumbai. Punit Paranjpe | Afp | Getty Images Check out the companies making headlines in after hours trading. Apple — The tech giant added nearly 2% after an
A growing number of malware creators are now taking advantage of the significant interest in Chatgpt to lure victims, Facebook owner Meta has noticed. According to its head of information security, the AI-based chatbot is “the new crypto” for bad actors and the social media giant is preparing for various abuses. Malware Inspired by Chatgpt
Illinois lawmakers are being urged to slow down as they consider pension mandates for Chicago that Mayor Lori Lightfoot’s administration warns could add $3 billion to the city’s long-term payment tab for its firefighters’ fund. The legislation raises benefits for employees hired beginning in 2011 when a Tier 2 pension system was established. Pension experts
Municipals improved Thursday while outflows from municipal bond mutual funds rose to more than $800 million. U.S. Treasuries were better on bonds five years and in and equities ended down as more news of troubled regional banks and the continued debt ceiling standoff in Washington hangs over markets. Triple-A benchmarks were firmer, with yields falling
In this episode of let’s talk stocks, we are going to take a look at the rounding bottom stock chart pattern. Most of the time this is a reversal pattern, however, it can sometimes be a continuation pattern. I’m going to show you what this pattern looks like, the previous trend, volume, projections, entry points,
The executives leading the AI race that has transfixed the tech industry, including the CEOs of OpenAI, Google and Microsoft, met at the White House on Thursday for what a senior US official described as a “frank discussion” about their responsibilities to make sure their systems are safe. The meeting, which was attended by vice-president
As the United States stares down the barrel of a potential debt default come June, a curious and intriguing solution has emerged: crafting a single $1 trillion platinum coin. This unusual tactic exploits a legal loophole that allows the Treasury Department to mint platinum coins of any value. By delivering such a coin to the
U.S. District Judge Laura Taylor Swain ordered parties in the Puerto Rico Electric Power Authority bankruptcy to attend a hearing to address their lack of mediation sessions to reach a deal. The hearing exclusively about mediation scheduled for Monday will be the first Swain has called in the nearly six-year long bankruptcy. She has said
Local governments with 150,000 or fewer residents who need help applying for grants available through the Bipartisan Infrastructure Law and Inflation Reduction Act are getting a new tool in June. The Local Infrastructure Hub, a partnership of several organizations, will offer a series of workshops focused on highway-rail crossing improvements, drinking water systems, broadband planning, local infrastructure
Part two of a two-part series. Case Study: water and sewer systemsWater and sewer maintenance and development is the domain of localities. The federal government has not been involved in a centralized and systematic fashion since around 1980. In 2018, the Environmental Protection Agency estimated that about $472.6 billion will be needed for water system
Economists warned of the dangers of the ongoing debt limit standoff at a Senate hearing Thursday highlighting what Democrats say would be the painful outcome if a recently passed Republican House debt limit and spending bill becomes law. Meanwhile, Moody’s Investors Service released a report Thursday outlining the impact on various credits of different debt