In a tweet early Wednesday, Musk called on the Fed “to cut interest rates immediately” or risk “amplifying the probability of a severe recession.”Story Published at: November 30, 2022 at 12:44PM
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
South Africa’s economy at a pivotal point as outlook improves but political, energy risks remain
Despite economic reforms in South Africa, the age-old problems of political uncertainty and a failing power system still pose significant risks.Story Published at: November 29, 2022 at 10:04AM
Alzheimer’s drug trial shown to slow cognitive decline in long fight against dementia
A trial of an experimental Alzheimer’s drug has been hailed as a “new era” in the beleaguered fight to find a cure for dementia. Story Published at: November 30, 2022 at 11:29AM
China EV maker XPeng pops 10% despite posting wider than expected loss; deliveries expected to fall
Chinese electric carmaker XPeng posted a wider than expected loss and its revenue missed expectations in the third quarter. Story Published at: November 30, 2022 at 10:33AM
Apple limited a crucial AirDrop function in China just weeks before protests
AirDrop has become an important tool in protestors’ efforts to circumvent authoritarian censorship regimes over recent years.Story Published at: November 30, 2022 at 10:18AM
Euro zone inflation rate eases slightly to 10% as surge in energy prices slows
Euro zone inflation eased in November, but the European Central Bank remains under pressure to deal with the recent record rise in prices.Story Published at: November 30, 2022 at 10:05AM
Singapore’s deputy prime minister calls FTX loss ‘disappointing,’ pledges to improve the process
Singapore’s deputy prime minister says Temasek’s $275 million loss in bankrupt crypto exchange FTX is ‘disappointing’ but investing is of a risk-taking nature.Story Published at: November 30, 2022 at 09:34AM
China could reopen in March, but zero-Covid has shaken confidence in supply chains, economist says
In the short term, supply chains will be largely unaffected since factories are still operating, a former advisor to the People’s Bank of China said.Story Published at: November 30, 2022 at 07:42AM
Peter Thiel’s VC fund backs TreeCard, a fintech that plants trees when you spend
The deal underscores increased interest from VC investors in companies addressing climate change.Story Published at: November 30, 2022 at 06:00AM
China’s Tencent bets on cloud computing growth abroad as its core video games business takes a beating
The move marks a realization that Tencent needs to find new sources of growth abroad as China’s economy slows.Story Published at: November 30, 2022 at 06:26AM