There is an 80% chance of the U.S. going into a recession, says Steve Hanke, a professor of applied economics at Johns Hopkins University. Story Published at: September 23, 2022 at 08:27AM
Steve Hanke says the chance of a U.S. recession just shot up to 80%
U.S. interest rates may be rising, but that won’t trigger another Asian Financial Crisis, analysts say
This time, the foundations of emerging Asian markets are healthier and better able to withstand pressures on foreign exchange rates, analysts said.Story Published at: September 23, 2022 at 06:21AM
China’s CATL, a Tesla supplier, considers expanding battery swapping business overseas
CATL, the world’s largest electric vehicle battery maker, is a supplier to companies such as Tesla and Ford. Story Published at: September 23, 2022 at 12:40AM
Alibaba pledges $1 billion to cloud computing customers to reignite growth
Alibaba has seen an unprecedented slowdown in growth amid Chinese economic malaise. The company see cloud computing as key to reigniting growth.Story Published at: September 23, 2022 at 12:16AM
FedEx hikes package rates, details cost cutting as demand weakens globally
FedEx announced rate hikes and detailed its cost-cutting efforts after warning last week it was seeing demand weaken globally.Story Published at: September 22, 2022 at 08:06PM
WHO warns ability to identify new Covid variants is diminishing as testing declines
Maria Van Kerkhove, the WHO’s Covid-19 technical lead, said the virus is spreading rapidly and continues to evolve even as deaths from the disease decline.Story Published at: September 22, 2022 at 06:51PM
Apple’s new AirPods Pro are worth the $249 even if you already own the older version
Apple’s new AirPods Pro headphones are the best new thing the company released this fall. Here’s why I think the second-generation buds are a must buy. Story Published at: September 22, 2022 at 02:00PM
Chinese state media claims U.S. NSA infiltrated country’s telecommunications networks
The U.S. National Security Agency (NSA) gained access to China’s telecommunications network after hacking a university, state media alleged. Story Published at: September 22, 2022 at 01:28PM
SoftBank CEO Masayoshi Son seeking ‘strategic alliance’ between chipmaker Arm and Samsung
SoftBank CEO Masayoshi Son said he is seeking a “strategic alliance” between chipmaker Arm, and South Korean tech conglomerate Samsung.Story Published at: September 22, 2022 at 01:25PM
Turkey cuts interest rates again as country struggles under inflation exceeding 80%
Turkey’s central bank surprised markets once again with its decision Thursday to cut its key interest rate, despite inflation in the country surging beyond 80%.Story Published at: September 22, 2022 at 12:17PM