Month: May 2022

Russia Will Strengthen Economic Ties With China, Cooperate With Beijing on Technology: Russian Foreign Minister

Russian Foreign Minister Sergei Lavrov said his country will focus on strengthening ties with China, saying the two neighboring countries have common interests and can make technological advances together. “Now that the West has taken the position of a ‘dictator,’ our economic ties with China will grow even faster,” Lavrov said, according to a transcript…


When You Use Food to Check out on Feelings

Most of us have heard the term “freshman 15,” referring to the 15 pounds many college students put on in their first year away from home. But a similar phenomenon occurs for many adults over the wintertime. When we have to stay inside, we humans go through our own hibernation process, which often results in…


Man Uses Ancient Technique of Splitting Bolders

If you ever wondered how the ancients cut those giant rocks, this is how. (Video courtesy of Tezcan Ahmet) …


Nearly Half of US Adults Say American Dream Is Dead as Inflation Tops Financial Security Fear List

A new report shows U.S. adults say inflation is the greatest obstacle to reaching financial security in retirement, while 44 percent think Social Security won’t be there when they need it and just 55 percent say the American Dream “is still alive and well.” These are among the key findings from the 2022 Planning and Progress…


Bruised Dollar Hits New 1-month Low; Lagarde Boosts Euro

LONDON—The dollar hit a fresh one-month low on Tuesday as the euro extended gains while a broad selloff in stock markets failed to boost the U.S. currency’s safe haven appeal. Against a basket of its rivals, the dollar fell 0.3 percent to 101.79, its lowest level since April 26. The euro, which was the stand-out…


Oil Drops on Recession Fears and China COVID-19 Curbs

LONDON—Oil fell by almost $1 on Tuesday as concerns over a possible recession and China’s COVID-19 curbs outweighed tight global supply and expectations of a pick-up in fuel demand with the U.S. summer driving season. Investment banks including UBS and Goldman Sachs have cut their 2022 China growth outlooks. The head of the International Monetary…


Stocks Slump as Snap Cracks Rally, Lagarde Lifts Euro

LONDON—Shares slid worldwide on Tuesday as fears about weak earnings and slowing growth punctured the recent mini-rally, while hawkish remarks from European Central Bank Chief Christine Lagarde reminded edgy markets that rate hikes loom. Nasdaq futures lost 2.06 percent, with traders blaming an earnings warning from Snap which saw shares in the Snapchat owner tumble…


Cost of Electric Vehicle Batteries May Increase 15 Percent Amid Supply Chain Disruptions: Report

The cost of electric vehicle batteries is set to soar amid the ongoing Russia–Ukraine conflict and supply chain disruptions, the International Energy Agency (IEA) warned on Monday. While electric vehicle sales have remained strong so far this year with 2 million electric cars sold worldwide in the first quarter, IEA said that further efforts to diversify battery…


Fuel Shortage in Laos Sees People Asked Not to Travel

The Laos government has called on residents to avoid unnecessary travel amid fuel shortages, citing the need to prioritize agriculture and other essential industries, according to local reports. Laos, which imports most of its gasoline from neighboring countries, faces fuel shortages due to soaring fuel prices and a weak currency. Many gas stations have been…


Texas Tack Welder Carves Elaborate Lace Pattern Body for 1950s Chevy to Create Heavy Metal Artwork

When her cake-making business didn’t quite pan out the way she’d hoped, one small-town Texas gal turned her sights toward tack welding enormous steel sculptures instead. Swapping her icing pipe for a welder’s torch, 36-year-old metal artist Rae Ripple, from Big Springs, recently welded a work of vintage automobile art, revamping what once sat rusting…