Germany’s Economy and Climate Minister Robert Habeck said Sunday that the nation is making progress in cutting its reliance on Russian fossil fuels and expects to be fully independent of Russian crude oil imports by the end of summer. The Economy and Climate Ministry said on Twitter that the goal was “realistic” while noting that the nation…
Dollar Rises Towards 20-year High, Euro Dips After Weak Data
LONDON—The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike. The euro also came under pressure after a survey showed that eurozone manufacturing output growth stalled last month…
Oil Slips on China Growth Worries, EU Weighs Russian Crude Ban
LONDON—Oil prices fell on Monday as concerns about weak economic growth in China, the world’s top oil importer, outweighed fears of potential supply stress from a potential European Union ban on Russian crude. Brent crude futures fell 71 cents, or 0.6 percent, to $106.43 a barrel at 0801 GMT, while U.S. West Texas Intermediate (WTI)…
Stocks Slide, Dollar Holds Ground as US Rate Hike Looms
MILAN—Shares fell and the dollar held near highs in holiday-thinned trading on Monday, as concerns about economic growth lingered ahead of an expected U.S. rate hike this week and after data showed COVID-19 lockdowns slowed China’s factory activity. MSCI’s benchmark for global stocks was down by 0.3 percent by 0811 GMT, as European and Asian…
Far Fewer German Companies Fearing for Survival: ifo Survey
BERLIN—The number of German companies fearing for their survival has fallen significantly, despite the economic risks posed by the war in Ukraine, a survey showed on Monday. The Ifo institute said that 7.1 percent of the nearly 8,500 companies surveyed feel their existence is threatened, almost half the proportion found in the last survey in January,…
Netflix Drops Development of Meghan Markle’s Animated Series, Citing ‘Strategic Decisions’
May 2, 2022
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Netflix said on Sunday that it has canceled the development of an animated series created by Meghan Markle as part of “strategic decisions” the streaming giant is making. A Netflix spokesperson confirmed the decision to CNBC, noting that “Pearl” was one of several projects to be dropped by the company. However, the California-headquartered streamer said it will continue…
Elon Musk Tells Rep. Ocasio-Cortez ‘Stop Hitting on Me’ After She Takes Swipe at Billionaire on Twitter
May 2, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesDemocratsElon MuskFeatured TopicsMedia & Big TechPoliticsRep. Alexandria Ocasio-CortezSocial MediaTechTwitterUSUS News
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Elon Musk told Democratic lawmaker Rep. Alexandria Ocasio-Cortez (N.Y.) to “stop hitting on me” on Friday after she took aim at what she called a “billionaire with an ego problem.” The representative for New York took to Twitter where she took a swipe at a billionaire who she said “controls a massive communication platform” but stopped short…
Facebook Whistleblower Optimistic About Musk’s Twitter Move, Says He Can Take Feedback Better Than Zuckerberg
Meta Platforms Inc Facebook whistleblower Frances Haugen, who leaked Facebook documents last year, has said that she is “cautiously optimistic” about Tesla Inc CEO Elon Musk’s Twitter Inc acquisition. During a recent interview, Haugen said that Musk’s plans to take Twitter private could give him the chance to change up the company’s business model and…
China April Factory Activity Contracts at Steeper Pace as Lockdowns Bite
BEIJING—China’s factory activity contracted at a steeper pace in April as widespread COVID-19 lockdowns halted industrial production and disrupted supply chains, raising fears of a sharp economic slowdown in the second quarter that will weigh on global growth. The official manufacturing Purchasing Managers’ Index (PMI) fell to 47.4 in April from 49.5 in March, in…
More National Standards Needed to Ensure Australia’s Development: Report
Australia is facing new challenges as the country currently lacks the standards to deal with issues in five critical areas, including cyber security, natural disasters, the environment, and emerging technology. A new report (pdf) from Standards Australia, the primary non-government standards development body in the country, stated that Australia would need up to 4,000 new…
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