Economists and financial markets are now anticipating the Reserve Bank of Australia (RBA) to raise the cash rate in the next board meeting on May 3 instead of June, as previously predicted. The swift change in thinking comes right after the Australian Bureau of Statistics released new inflation figures on April 27, indicating the annual…
Reserve Bank of Australia Expected to Lift Interest Rates Amid Federal Election
April 28, 2022
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AustraliaBusiness & EconomyeconomyinflationInvestmentJim ChalmersMarketsPrime Minister Scott MorrisonReserve Bank of AustraliaWorld
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J&J Sues to Block Sales of ‘Dangerous’ Counterfeit HIV Drugs
Johnson & Johnson has filed a lawsuit against drug distributors and a pharmacy seeking to stop the sale of counterfeit versions of its HIV drugs, months after a similar case brought by Gilead Sciences Inc. In a complaint filed on April 7 and made public on Tuesday, J&J said it had learned of widespread counterfeiting…
Delta to Begin Paying Flight Attendants During Boarding
Delta Air Lines, which is facing another attempt to unionize its flight attendants, will begin paying cabin crews during boarding, a first for a major U.S. airline. Across the airline industry in the United States, hourly pay for flight attendants starts when all the passengers are seated and the plane’s doors close. Delta said the…
US Trade Goods Deficit Hits Record High in the First Quarter of 2022
The U.S. trade goods deficit rose to a record high in March, according to a Commerce Department report on April 27, as the value of imports dwarfed that of exports, reflecting skyrocketing inflation. Last month showed solid increases in retail and wholesale inventories, which may somewhat ease the effect of the trade deficit on domestic GDP…
Five Eyes’ Reveal Most Exploited Cyber Vulnerabilities for 2021
April 27, 2022
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Asia & PacificAustraliaAustralian Cyber Security CentreBusiness & EconomyCanadaCompaniescybercybersecurityfive eyesInternationalTechTech NewsUKUSUS NewsWorld
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Cybersecurity agencies from the Five Eyes nations have outlined the 15 most exploited vulnerabilities of 2021. Agencies from the United States, United Kingdom, Australia, New Zealand, and Canada said hackers were targeting public and private sectors and warned organisations to implement mitigation strategies. The most commonly exploited vulnerability was Log4Shell, which affects Apache’s Log4j library,…
Fires at Food Processing Facilities Raise Concerns
On Thursday, April 21, a small plane crashed at a General Mills food processing complex in Covington, Georgia. The plane collided into four trailers in an isolated area several hundred yards from the main plant shortly after taking off from the nearby Covington Airport, killing the pilot and passenger but leaving the General Mills employees…
Musk Purchase of Twitter ‘A Big Deal’: Former White House Aide
April 27, 2022
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Business & EconomyCompaniesDonald TrumpElon MuskHogan GidleyMedia & Big TechPoliticsSocial MediaTechUSUS News
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Hogan Gidley, a former White House deputy press secretary during the Trump administration, says the significance of Elon Musk purchasing Twitter “cannot be understated.” In an interview with NTD Wednesday, Gidley laid out his view that the $44 billion purchase of the social media platform will allow for a more diverse range of voices and…
Russia’s Gas Threat in Europe Rattles Energy Markets
European gas prices soared more than 10 percent after Russia announced that it would suspend gas supplies to Poland and Bulgaria for refusing to pay in roubles for Russian gas. Both countries declined to open a special bank account with Gazprombank to allow payment to Gazprom. These two nations, however, are heavily reliant on Russian…
New Single Family Home Sales Fall in March, Mortgage Rates Rise: Census Bureau and Housing Department
April 27, 2022
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Business & Economyeconomymortgage ratesnew home salesreal estatesupply chain disruptionUSUS NewsUS Real Estate
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Sales of new single-family houses dropped to the lowest level in four months in March 2022 amidst a rise in mortgage rates, according to the latest data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. “Sales of new single‐family houses in March 2022 were at a seasonally adjusted annual…
Consumer Confidence Edges Lower Amid Inflation and War Concerns
April 27, 2022
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Business & Economyconsumer confidence indexconsumer price indexeconomyinflationPresent Situation Indexprice hikesUSUS News
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Consumer confidence dipped slightly in April 2022 following an increase in March as worries about inflation and the Russia–Ukraine war continued to weigh the economy down, according to a survey conducted by The Conference Board. The Consumer Confidence Index in April was at 107.3, down from 107.6 in March, an April 26 press release stated….
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