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Tuesday, May 24, 2022
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Cost of living: Bank of England chief hits back at criticism it has 'stoked inflation'
Andrew Bailey uses a speech to reject criticism from predecessor Lord King in an interview with Sky News that the Bank, and others, were guilty of a mistake that amounted to a "failure of the economics profession".
Germany is keen to pursue gas projects with Senegal, says Scholz
Germany wants to intensively pursue gas and renewable energy projects with Senegal, Chancellor Olaf Scholz said on Sunday during his first trip to Africa, against the backdrop of the war in Ukraine and its impact on energy and food prices.
Dubai charity to cooperate with WEF to establish platform for Food Innovation Hubs
As per an agreement signed between MBRGI and WEF, Dubai will be the international headquarters for the annual meeting of the Food Innovation Hubs
Tesla is back to ramping up Gigafactory Shanghai to new production records
Tesla is back to ramping up production at Gigafactory Shanghai. The automaker could reportedly be back to pre-shutdown level as soon as tomorrow and plans to ramp up to new records later this week.
92 Monkeypox Cases Now In 12 Countries
Monkeypox Cases: As of Saturday, 92 confirmed cases and 28 suspected cases of monkeypox have been reported from 12 member states that are not endemic for the virus, the World Health Organization said.
Cost of living: The story of how an energy crisis very quickly turns into a price rise for everything
This economic shockwave touches every part of our lives - every one of our basic needs - which is why it is one that will hurt.
Cost of living: Grocery prices up by 'more than 20%' in advance of food inflation caused by Ukraine war
Which? calls for greater transparency on pricing from supermarkets, accusing the sector of letting consumers down at a time when they need support amid the cost of living crisis.
Monkeypox: Time to worry or one to ignore?
If you're still reeling from the Covid pandemic, well sorry but there's another virus to get to grips with. This time it's monkeypox and there are around 80 confirmed cases in 11 countries, including the UK, that would not normally expec...
World Economic Forum Davos Meet Returns; Focus On Ukraine, Climate Change
World Economic Forum Davos Meet: The Indian delegation includes three Union ministers, two chief ministers and a few state ministers, among others.
Apple Looks To Boost Production Outside China Citing Covid Rules: Report
Covid In China: The report said that Apple is citing China's strict anti-Covid policy and other reasons for its decision.
"What Seems To Be Happening Now...": WHO On Monkeypox Spread
Monkeypox: The WHO's working theory based on the cases identified so far is that the outbreak is being driven by sexual contact.
Biden says, no response from N. Korea to US vaccine offer of COVID vaccines
President Joe Biden said North Korea has not responded to a US offer of COVID vaccines, as the country battles its first acknowledged outbreak.
Cost of living: House prices at risk as inflation takes its toll, Nationwide boss warns
The country's second-largest mortgage lender sees a chance of shockwaves for house prices ahead as the effects of rising interest rates and inflation inflict further damage on affordability.
The billionaire class: a threat to democracy?
There are just a few thousand billionaires in the world. But their number is rising. And combined, they control a vast chunk of the entire wealth of the planet. They are also getting wealthier. According to Oxfam, the 10 richest in the w...
US stock markets fall sharply as investors worry about recession
Dow Jones sinks more than 1,100 points as S&P closes down 4%, its largest fall since June 2020, and Nasdaq loses 4.7%
Luxury goods appear inflation proof - but will they be able to handle China's lockdowns?
Burberry estimates that two-fifths of its retail network in mainland China is currently shuttered due to continuing COVID-19 lockdowns.
Economic Headwinds Mount as Leaders Weigh Costs of Confronting Russia
The world economy is heading into a potentially grim period as rising costs, shortages of food and other commodities and Russia’s continuing invasion of Ukraine threaten to slow economic growth and bring about a painful global slump.
‘Lifeline’ of renewable energy can steer world out of climate crisis: Guterres
Greenhouse gas concentrations, sea level rises, ocean heat levels and acidification, all set new records during 2021, while some glaciers reached the point of no return, according to the latest flagship report from the World Meteorologic...
Explained: What Is Monkeypox And Why Cases Are Rising In Europe
The monkeypox outbreaks are raising alarm because the disease mostly occurs in west and central Africa, and only very occasionally spreads elsewhere.
White House admits stock market 'not something we keep an eye on every day'
The Dow Jones Industrial Average fell more than 1,100 points on Wednesday, marking its worst day since 2020
Rand Paul says timing for $48B COVID business bailout is 'inappropriate' due to historic inflation
Sen. Rand Paul, R-Ky., is pushing back on a $48 billion business bailout bill, which he calls a "poorly-targeted spending spree," amid rising concerns about historic inflation.
Younger children most affected by Covid lockdowns, new research finds
Educational progress and social development of four- and five-year-olds suffered severely
Elon Musk slams Biden: 'The real president is whoever controls the teleprompter'
Tesla CEO Elon Musk, whose purchase of Twitter remains ongoing, slammed President Biden as an empty suit in a podcast interview Monday and warned that if the government continues printing money, inflation will get worse and the U.S. migh...
$5 gas could become widespread as prices hit another record
Prices at the pump continue to shatter records ahead of Memorial Day weekend.
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