Tag: NEWS1
Wall Street ends lower, pausing rally as Powell testimony looms
U.S. stocks softened on Tuesday, closing in negative territory as investors began the holiday-shortened week by taking profits in the wake of a sustained rally amid signs of weakening global demand.
Elon Musk says end-2023 'good timing' to find new Twitter head
Twitter Chief Executive Elon Musk said on Wednesday that towards the end of 2023 would be "good timing" to find someone else to run Twitter, when he expects the social media platform to be stable.
Italy warns hackers targeting known server vulnerability
Thousands of computer servers around the world have been targeted by a ransomware attack, the country's National Cybersecurity Agency said, warning organizations to protect their systems.
Tesla's Elon Musk found not liable in trial over 2018 'funding secured' tweets
A U.S. jury on Friday found Tesla Inc CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had "funding secured" to take the electric car company private.
Lebanon devalues official exchange rate by 90%
Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value.
Musk bullish on Tesla sales as price cuts boost demand
Tesla Inc's aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns that a weak economy would throttle buyers' interest.
Pakistan scrambles to restore power after second major grid breakdown in months
Pakistan's government said it was scrambling to restore power to millions of people on Monday after a breakdown in the grid triggered the worst electricity outage in months and highlighted the weak infrastructure of the heavily indebted nation.
Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI
The job cuts affect 6% of the Google parent's workforce, and follow thousands of layoffs at tech giants who are downsizing after a pandemic-led hiring spree left them flabby in a weak economy.
U.S. officials advise Ukraine to wait on offensive, official says
Senior U.S. officials are advising Ukraine to hold off on launching a major offensive against Russian forces until the latest supply of U.S. weaponry is in place and training has been provided, a senior Biden administration official said on Friday.
Hundreds evacuated as blaze erupts in slum next to Seoul's posh Gangnam district
Fire swept through part of a shanty town in the South Korean capital, Seoul, on Friday, destroying 60 homes, many constructed from cardboard and wood, and forcing the evacuation of around 500 people.
Davos 2023: Greta Thunberg accuses energy firms of throwing people 'under the bus'
Greta Thunberg called on the global energy industry and its financiers to end all fossil fuel investments on Thursday at a high-profile meeting in Davos with the head of the International Energy Agency (IEA).
China's first population drop in six decades sounds alarm on demographic crisis
China's population fell last year for the first time in six decades, a historic turn that is expected to mark the start of a long period of decline in its citizen numbers with profound implications for its economy and the world.
After 30 years, Italy arrests mafia boss Messina Denaro at Sicilian hospital
Italy's most wanted mafia boss, Matteo Messina Denaro, was arrested by armed police at a private hospital in Sicily on Monday, where the man who has been on the run since 1993 was being treated for cancer.
Eisai, Biogen receives U.S. FDA approval for Alzheimer's drug, applies for full approval
The drug aims to slow the advance of the neurodegenerative disease. Nearly all previous experimental drugs using the same approach have failed.
Sam Bankman-Fried pleads innocent in the FTX fraud case - October trial set
A judge set an Oct. 2 trial date.