The year 2021 marked a period when global economies began picking up the pieces following the COVID-19 pandemic that left them crippled and ravaged. Notwithstanding the setbacks, the tech sector extended its gains from 2020 and remains poised to go from strength to strength. Here’s a look at the dominant tech themes that could play…
The Fed’s Inflationary Nightmare Has One Clear Crypto Winner
Commentary Future economists may well look back at the end of 2020 as the moment when the most powerful central bank in the world flinched and decentralized finance came of age. In retrospect, that was when the Fed publicly lost control of inflation and its own credibility in the process. After all, the time to…
Futures Dip in Quiet Trading as New Year Beckons
U.S. stock index futures slipped on Friday, even as Wall Street’s main indexes looked to finish the year with handsome gains for the third time in a row, supported by massive stimulus, and strong retail participation. Futures tracking the S&P 500 and the Dow slipped 0.2 percent on the last day of 2021, a day…
Canada in 2021: A Look at the Top Issues of the Year
Here’s a rundown of some of the main issues of the year that passed as we enter 2022. Pandemic, Policies, and Division The low severity of the Omicron variant despite its high transmissibility gave cause for optimism on the cusp of turning the year after the initial scare of its discovery in South Africa in…
Military: 4 Pakistani Soldiers, 2 Militants Killed in Raids
PESHAWAR, Pakistan—Pakistani security forces raided two militant hideouts in a former Taliban stronghold near Afghanistan, triggering shootings that killed four soldiers and two insurgents, the military said Friday. The first raid was carried out in the Tank district in the northwest, killing two militants, the statement said. The other strike was carried out in the…
UK Bank Santander Accidentally Deposits $175 Million to More Than 70,000 Accounts Over Christmas
UK bank Santander granted tens of thousands of people across the United Kingdom a very merry Christmas this year when they accidentally deposited £130 million ($175 million) into 75,000 accounts on Dec. 25. The bank, which is headquartered in London, mistakenly sent payments from 2,000 business accounts twice to the more than 70,000 account holders and companies who…
Burma Military Acquires Used Chinese Submarine After Receiving Indian Submarine Last Year
The Burmese military has reportedly acquired a diesel-electric submarine from China last week, a Type 035 submarine that the Chinese navy had used, just a year after being gifted a secondhand Kilo-class Russian-built submarine by India. The military regime acquired the submarine, dubbed “Min Ye Kyaw Htin,” through a secret deal with China and commissioned…
Social Media Key Factor Behind Rise in UK Youth Violence, Experts Warn
Social media has been singled out as a key issue amid the rise in teenage violence in the capital. Experts say disagreements are exacerbated when played out online, and that the amount of violent content has helped normalise aggression. It comes as the fatal stabbing of a 15-year-old boy in Croydon, south London, became the…
UK Could See Mildest New Year’s Eve on Record
The UK could see the mildest New Year’s Eve on record, with sunshine in some areas, after what is likely to be one of the dullest Decembers ever. But despite the sun, revellers in some parts of the UK will have to brace for heavy showers in the evening. Met Office meteorologist Rachel Ayers said…
Philippine Death Toll From Its Strongest Typhoon of Year Tops 400
MANILA—The Philippine death toll from Typhoon Rai has crossed the 400 mark, the disaster agency said on Friday, as officials in some hard-hit provinces appealed for more supplies of food, water, and shelter materials about two weeks after the storm struck. Rai was the 15th and deadliest typhoon to hit the Southeast Asian nation this…
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