UniCredit chief focused on ‘standalone strategy’ after Monte dei Paschi talks...
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China petrol price surge exacerbates energy crisis
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🌍 Facebook tries to connect
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YouTube Premium has quietly grown into a legitimate Netflix competitor
While traditional Hollywood studios have crowded the streaming field to compete with Netflix, YouTube has gradually transformed its old-school social media platform into an unlikely but legitimate competitor. In the three months ending Sept. 30, YouTube’s advertising revenue rose to $7.2 billion and YouTube Premium subscribers passed the 50 million mark, Alphabet, YouTube’s parent company,…
India’s first official cryptocurrency scout says the ecosystem has now come...
The Indian government may be warming up to blockchain technology and even a central bank digital currency (CBDC), but private virtual currencies still stand no chance.Once global central banks launch their own digital currencies, most private ones will disappear, according to Subhash Chandra Garg, former finance secretary of India.“The RBI (Reserve Bank of India) and…
Evergrande is just the tip of China’s debt iceberg
China has a massive amount of corporate debt. At $27 trillion, it boasts a debt-to-GDP ratio of 159%, almost 60% higher than the global rate and nearly twice that of the US, according to research published this month by S&P Global Ratings.“China’s growth has been largely driven by two contours: One is credit, and the other…
Scotland’s transport workers say their COP26 strike is about climate justice
Scottish rail workers have voted overwhelmingly to strike during the COP26 climate meeting, using the global attention on Glasgow as leverage for ongoing negotiations over pay.Bus drivers, garbage collectors, school cleaners, and janitors, also plan to go on strike during the summit, and there could be chaos. Glasgow’s functioning and physical appearance would hit a note…
Chinese influencers can’t go to LA, so they’re posing at a...
Coronavirus restrictions have kept Chinese travelers isolated from the outside world for nearly two years. To cope, the country’s influencers have found a new way to entertain themselves and their followers: taking photos in front of American big box store Costco’s Shanghai store, and pretending to be in Los Angeles.China has adopted strict border controls…
A Fed first on mental health
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Is hybrid work killing the monthly transit pass?
Nearly two years after the start of the pandemic, a picture of the new workweek is taking shape: Workers haven’t abandoned the office entirely, but they are coming in less often. Public transportation agencies are trying out more flexible ticket options in response.The Committee for Sydney, an urban think tank in Australia, surveyed 130 employers…
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How should billionaires ‘pay their fair share’? Democrats can’t agree.
Democrats in Congress agree the wealthy should pay their “fair share.” They just can’t agree on what that means.As they urgently try to finalize their Build Back Better bill, which they say would create a more equitable society, they are looking to revise the U.S. tax code to help fund those sweeping social reforms. Why…
Courts weigh if video and audio feeds count as ‘public’ trials
Just two reporters were allowed inside a Georgia courtroom to serve as the eyes and ears of the public when jury selection began for the men charged with murdering Ahmaud Arbery. Pandemic restrictions also kept reporters and the public out of the courtroom during the sex-trafficking trial of music star R. Kelly.And in an Ohio…
Atmospheric river storms can drive costly flooding, and climate change is making them stronger
Satellite photo showing a river of moisture extending from Hawaii to Calfiornia, Oct. 24, 2021. Credit: NOAA Ask people to name the world's largest river, and most will probably guess that it's the Amazon, the Nile or the Mississippi. In fact, some of Earth's largest rivers are in the sky—and they can produce powerful storms,…
New research shows most people are honest—except for a few
Credit: Pixabay/CC0 Public Domain People are more honest in day-to-day life than previously thought—except for "a few prolific liars," according to the results of a new study. There has been an assumption for a long time that people lie a lot, and that lying is ubiquitous and really common, says the University of Alabama at…
Antarctic ozone hole is 13th largest on record and expected to persist into November
Lt. Timothy Holland, NOAA Corps, emerges from a balloon assembly station with an ozonesonde attached to a weather balloon before releasing it over the South Pole. Credit: Josiah Horneman, Station Physician's Assistant, Antarctic Support Contract The 2021 Antarctic ozone hole reached its maximum area on October 7 and ranks 13th largest since 1979, scientists from…
