The US was the worst-performing of the Group of Seven most advanced Western economies in the second quarter of 2022, the latest data from the UK Office of National Statistics (ONS) showed on Friday. The ONS released the G7 comparison while also reporting that the British economy had contracted by …
Read More »
US stock futures continued to decline Friday morning after the worst start to a year in decades. The Dow Jones Industrial Average is down 0.7% in pre-market trading, while the S&P 500 and Nasdaq 100 are sliding 0.67% and 0.59% respectively. Stock extended losses from Thursday’s session, with the Dow …
Read More »
The US is taking hostile steps against Russia that are worse than during the Cold War, Kremlin spokesman Dmitry Peskov has determined. However, Washington is hurting itself in the process and will ultimately have to acknowledge Moscow’s legitimate interests, he said, during an interview with Russian media on Thursday. “We …
Read More »
The global economy is facing “its biggest test since the Second World War”, the managing director of the International Monetary Fund said at the start of the World Economic Forum in Davos. Kristalina Georgieva said the conflict in Ukraine has “compounded the Covid-19 pandemic – a crisis upon a crisis …
Read More »
The Russian economy has overcome the first shock from the sanctions imposed by the West, according to Finance Minister Anton Siluanov. It won’t be easy to get over the restrictions, but prudent financial and budgetary policy will allow the country to withstand them and maintain financial sovereignty, he said on …
Read More »
The world is about to face an acute food crisis due to skyrocketing food prices, German Economic Cooperation and Development Minister Svenja Schulze told Bild newspaper on Saturday, warning about a looming famine not seen since World War II. The minister has named Covid-19 pandemic and Russia’s ongoing military operation …
Read More »
US markets fell sharply on Thursday in Wall Street’s worst day since 2020, eviscerating all the gains from the previous day, after the US Federal Reserve announced plans to raise the key interest rate. The Dow Jones Industrial Average plummeted more than 1,000 points, or 3.1%, marking its worst daily …
Read More »
Despite their warm fuzzy packaging and seemingly altruistic intentions, mental health and prayer apps are “worse than any other product” when it comes to user privacy and security, an analysis by browser firm Mozilla revealed on Monday. “The vast majority of mental health and prayer apps are exceptionally creepy,” Mozilla’s …
Read More »
Disgraced lawyer Michael Avenatti has been convicted of wire fraud and aggravated identity theft for stealing $300,000 from porn star Stormy Daniels. It’s the second criminal conviction in two years for a man liberal pundits once believed would bring down the presidency of Donald Trump. Avenatti was found guilty by …
Read More »
A five-alarm fire at a high-rise apartment building has left at least 19 people dead and dozens more critically injured in the New York borough of the Bronx, according to US media. Many are hospitalized with smoke inhalation. The fire broke out on the third floor of the 19-story building …
Read More »
