The Walt Disney Company has sold its last radio station, KRDC, to religious broadcaster Calvary Chapel Costa Mesa for $5 million. Disney filed an application with the Federal Communications Commission (FCC) to transfer the radio station’s license to the religious broadcaster on Monday, reported The Desk. The purchase puts Calvary Chapel Costa Mesa into the AM radio…
Christian Church Buys Disney’s Last Radio Station
June 20, 2023
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Airbus Wins Largest Aircraft Order in History From India’s IndiGo
An Indian airline signed a deal for the largest ever aircraft order in the history of the airline industry with French aerospace firm Airbus this week. The aircraft manufacturing firm announced on June 19 that discount Indian airline IndiGo had placed an order for 500 of its family of A320 commercial jets, which are to be…
Financial Hardship Surges as Cost-of-Living Crisis Squeezes Workers
Workers in America and around the world are reporting significantly higher levels of financial hardship compared to last year, as a cooling economy and high inflation has left a growing number cash-strapped and planning to quit in search of better-paid jobs. Despite a softening economy and workers reporting growing levels of financial stress, the “Great…
United States Now Second Largest EV Market After China
June 20, 2023
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The United States is now the second-largest electric vehicle market behind China after years of falling behind Europe in terms of use. Americans had been slower than other advanced nations to accept electrified transport, but the EV market has gained momentum due to political pressure and government subsidies. Every state now has plans to construct a…
7 in 10 Working Australians Do Not Know Their Credit Score
Over 14 million Australians may have no knowledge of their credit score despite the importance of the financial statistic in people’s daily lives. According to a survey by the financial comparison company Finder, seven in ten respondents did not know their credit score. Further, over 40 percent of those surveyed had never checked their credit…
Intel to Build $33-Billion Chip Plant in Germany After Government Pledges to Cover 1/3rd of Cost
BERLIN—Intel and the German government signed a deal Monday that will see the U.S. company spend more than 30 billion euros ($32.8 billion) to build a chip manufacturing site in the eastern city of Magdeburg, after Germany pledged to cover a third of the investment required. Word of the agreement came as German Chancellor Olaf…
Artificial Intelligence to Replace Editors in Radical German Media Shakeup
June 19, 2023
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Artificial intelligence will step in for a swathe of editorial roles as part of an overhaul of Germany’s largest newspaper title, Bild. The tabloid publication is undergoing a significant shakeup of its operations following a pledge from the publisher, Mathias Döpfner, to make the brand “digital only.” On June 19, the German publishing company that owns…
First Ever US Bill to Counter Beijing’s Forced Organ Harvesting Signed Into Law in Texas
June 19, 2023
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Texas has signed into law a bipartisan bill to combat the Chinese regime’s criminal practise of forced organ harvesting, making it the first U.S. state to counter the abuse through legal means. Under SB 1040, signed by state Gov. Greg Abbott on June 18 and taking force on Sept. 1, it will be illegal for…
Ford Recalls Nearly 1 Million Trucks and SUVs Over Missing Manual Info
Ford, the parent company of Lincoln, is recalling more than 979,000 trucks and SUVs because the owner’s manual does not feature instructions for adjusting or removing certain head restraints. The U.S. National Highway Traffic Safety Administration (NHTSA) revealed in a letter (pdf) on June 15 that Ford’s recall affects certain 2018–2023 Ford Expedition and Lincoln…
IMF Pushes Global Central Bank Digital Currency Platform as Cashless Trend Builds Steam
The International Monetary Fund (IMF) is working on a platform that would allow various central bank digital currencies (CDBCs) to interoperate on a global scale, which comes amid a broader push toward cashless societies and concerns about risks to freedoms. IMF managing director Kristalina Georgieva told conference participants on Monday in Rabat, Morocco, that the…
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