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Smartphone Prices Could Increase And Global Trade Could Be Disrupted By A War With North Korea

Smartphone Prices Could Increase And Global Trade Could Be Disrupted By A War With North Korea

Among the major consequences from a potential war on the Korean Peninsula are pricier consumer electronics, disrupted global trade and higher U.S. federal debt, according to a new report from economic research consultancy Capital Economics.   In their quest to halt the rogue nation's nuclear...
This Is The Most Unpredictable Time In Our History, 82% Of Millionaires Believe

This Is The Most Unpredictable Time In Our History, 82% Of Millionaires Believe

According to a new study by Swiss bank UBS on Wednesday, the current period is the "most unpredictable" ever, thinks the vast majority of millionaires across seven international markets.   With each millionaire having at least $1 million in investable assets (excluding property), a...
Huge UK Fertilizer Deal Confirmed By Chinese Company: Reuters

Huge UK Fertilizer Deal Confirmed By Chinese Company: Reuters

Confirmation of a binding agreement with the UK firm, Sirius Minerals, was given by a small Chinese company that is key to plans by Sirius Minerals to build a huge fertilizer mine under a national park in the north of England, reports news agency Reuters.   Saying it had been signed on May...
With $78 Billion Pledge, Xi Opens China Globalization Forum

With $78 Billion Pledge, Xi Opens China Globalization Forum

His ambition to lead it during a speech inaugurating his cornerstone diplomatic trade initiative for a new Silk Road was laid down by Chinese President Xi Jinping as he laid the framework for Chinese-style globalization.   A "project of the century" that had its inspiration in the ancient...
Threat Of New Ransomware Attacks Bolsters Cyber Defenses Business By Businesses

Threat Of New Ransomware Attacks Bolsters Cyber Defenses Business By Businesses

Convinced that a lull in a computer offensive that has stopped car factories, hospitals, schools and other organizations in around 100 countries was only temporary, businesses around the world scrambled to prepare for a renewed cyber attack after Friday’s global attack.   After the so-called...
Bespoke's Hickey Says That 'Sucking Share' From Traditional Retail Is Online Retail - At 'Unheard Of Levels'

Bespoke's Hickey Says That 'Sucking Share' From Traditional Retail Is Online Retail - At 'Unheard Of Levels'

According to Bespoke Investment Group, the environment for traditional retailers may be much more troubled than Wall Street thinks.   Online retailers are "sucking share" from traditional retailers at an "incredible" rate, according ot a new report that has been prepared by the...
With Attack On Western Digital, Toshiba Ups The Ante In Chip Unit Sale

With Attack On Western Digital, Toshiba Ups The Ante In Chip Unit Sale

Strongly rejecting claims that it has breached a joint venture contract and threatening legal action, Toshiba Corp has told Western Digital Corp not to interfere in the sale of its prized chip unit.   Delaying or even quashing an auction that the Japanese conglomerate is depending on to plug...
As Market Cap Adds $1 Billion In Just 24 Hours, Bitcoin Soars Above $1,700

As Market Cap Adds $1 Billion In Just 24 Hours, Bitcoin Soars Above $1,700

According to a price index by industry website Coindesk, the price of bitcoin rose above $1,700 Tuesday morning.   The risks that could scuttle its recent surge are being contemplated by analysis with the price so high.   In the recent weeks, there has been significant...
Japan And Its Aging Population Eyed By Airbnb To Expand Into China

Japan And Its Aging Population Eyed By Airbnb To Expand Into China

With the ultimate aim of and as part of its push for expanding its relatively small penetration among Chinese travelers, Airbnb is aiming to boost its presence in Japan, director of the host and homes business at the home-sharing service, Parin Mehta, said in a TV interview recently.  ...
Airlines Prompted To Throw Cash At Their Problems By United Blunder

Airlines Prompted To Throw Cash At Their Problems By United Blunder

Plunking down cold, hard cash is doing right this week for U.S. airlines.   The passenger who was dragged off a plane and bloodied has agreed to a settlement with United. And Delta followed the footsteps of United and said that it would pay as much as $10,000 to passengers who agree to give...
$2.6 Trillion Pile Of Cash Overseas Are Being Held By U.S. Companies – And It’s Still Growing

$2.6 Trillion Pile Of Cash Overseas Are Being Held By U.S. Companies – And It’s Still Growing

According to new research from Capital Economics, a number that has been rising steadily for years is holdings of about $2.6 trillion in overseas earnings by American companies even as they are looking to avoid paying domestic tax rates.   The U.S. rate would be lowered to incentivize...
As Consumer Spending Falters, U.S. Registers Weakest First-Quarter Growth In Three Years

As Consumer Spending Falters, U.S. Registers Weakest First-Quarter Growth In Three Years

In a potential setback to President Donald Trump's promise to boost growth, as consumer spending barely increased and businesses invested less on inventories, the U.S. economy grew at its weakest pace in three years in the first quarter.   The Commerce Department said on Friday that as the...
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World

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals
Tropical wetlands, long known for their ability to absorb vast amounts of carbon, are now emerging as a major contributor to methane emissions, significantly complicating global efforts to tackle...

Conflict-Affected Nations Demand Urgent Climate Funding At COP29

Conflict-Affected Nations Demand Urgent Climate Funding At COP29
As COP29 unfolds in Azerbaijan, conflict-affected nations are making a unified call to double climate funding to over $20 billion annually by 2026. This demand comes against the backdrop of...

Trump’s Return To Office Could Shift Global Geopolitics: Putin Holds Firm On Ukraine, While Other Conflicts Face Uncertain Future*

Trump’s Return To Office Could Shift Global Geopolitics: Putin Holds Firm On Ukraine, While Other Conflicts Face Uncertain Future*
As former U.S. President Donald Trump prepares to re-enter the White House, the geopolitical landscape is bracing for significant shifts. Russian President Vladimir Putin has publicly expressed his...

World Bank's Record Climate Finance: Implications For Global Development

World Bank's Record Climate Finance: Implications For Global Development
The World Bank Group announced on Thursday that it delivered a record $42.6 billion in climate finance during fiscal 2024, marking a significant 10% increase from the previous year's $38.6 billion....

Ukraine's Bold Kursk Incursion Shakes Russian Defense And Alters War Dynamics

Ukraine's Bold Kursk Incursion Shakes Russian Defense And Alters War Dynamics
Ukraine's recent incursion into Russian border territory has caused significant upheaval, revealing internal challenges within Russia's military and strategic command. This unexpected operation,...

People

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties.   According to an attorney...