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Month: May 2022

Bill Gates Says He Has COVID-19, Experiencing Mild Symptoms 

05/11/2022 RanIT

Microsoft co-founder Bill Gates said Tuesday he has tested positive for COVID-19 and is experiencing mild symptoms.  Via Twitter, the billionaire philanthropist said he will isolate until he is again…

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Lisa Cook Becomes First Black Woman on Federal Reserve’s Board 

05/11/2022 Ranbiz

The Senate confirmed economist Lisa Cook on Tuesday to serve on the Federal Reserve’s board of governors, making her the first Black woman to do so in the institution’s 108-year…

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Elon Musk Says He’d Reinstate Trump’s Twitter Account

05/10/2022 RanIT

Elon Musk on Tuesday said he would reinstate former President Donald Trump’s Twitter account.  The Tesla CEO who’s vying to buy Twitter and take it private for a reported price…

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Wall Street’s Losses Worsen as Markets Tumble Worldwide

05/09/2022 Ranbiz

Wall Street is tumbling toward its lowest point in more than a year on Monday as renewed worries about China’s economy pile on top of markets already battered by rising…

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Biden Starts Program to Provide Discounted Internet Service in US

05/09/2022 RanIT

The Biden administration announced on Monday that 20 internet companies have agreed to provide discounted service to people with low incomes, a program that could effectively make tens of millions…

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Impact of Russia’s Invasion on Ukraine’s Farming Capacity

05/09/2022 Ranbiz

Ukrainian officials say farmland used for planting spring crops could more than halved this year because of the war. …

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Retired Boeing 737 Turned Hotel Permits Flights of Fantasy

05/09/2022 Ranbiz

When you think about places to get some rest, airplanes don’t normally come to mind. Aerotel is trying to change all that. Romain Chanson reports for VOA from northern South…

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Russian Blockade of Ukrainian Sea Ports Sends Food Prices Soaring

05/07/2022 Ranbiz

The U.N. Food and Agriculture Organization (FAO) says global food prices stabilized last month at a very high level but were slightly lower than in March, which saw the highest…

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Europe’s Farmers Stir Up Biogas to Offset Russian Energy

05/07/2022 Ranbiz

In lush fields southwest of Paris, farmers are joining Europe’s fight to free itself from Russian gas. They’ll soon turn on the tap of a new facility where crops and…

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Why Is Afghanistan’s Economy Collapsing?

05/06/2022 Ranbiz

A UN report recently warned 97% of Afghanistan’s population could sink below the poverty line. …

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US Added 428,000 Jobs in April Despite Surging Inflation

05/06/2022 Ranbiz

America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing…

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As US Federal Reserve Raises Rates, Emerging Markets Brace for Impact

05/06/2022 Ranbiz

Experts warn that the Federal Reserve’s efforts to tamp down inflation in the United States could have damaging effects, perhaps lasting several years, on developing economies around the world by…

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Asian Markets Tumble on Wall Street Rout, Pound Slumps

05/06/2022 Ranbiz

Asian equities tumbled Friday following a rout on Wall Street fueled by worries over rising interest rates and surging inflation, while the pound extended losses the day after taking a…

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Stocks Slump 3% as Worries Grow Over Higher Interest Rates

05/05/2022 Ranbiz

A sharp sell-off left the Dow Jones Industrial Average more than 1,000 points lower Thursday, wiping out the gains from Wall Street’s biggest rally in two years, as worries grow…

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Musk Gets $7B Backing for Twitter Bid From Tech Heavyweights

05/05/2022 RanIT

Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter with commitments of more than $7 billion from a range of investors, including Silicon Valley heavy…

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US Central Bank Boosts Key Interest Rate by Half Percentage Point

05/04/2022 Ranbiz

The U.S. central bank, the Federal Reserve, raised its benchmark interest rate by a half percentage point on Wednesday and scaled back its support for the American economy, a pointed…

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Automakers, Appliance Manufacturers Struggle to Find Computer Chips Amid Shortage

05/04/2022 RanIT

Cars stuck on the assembly line. Delays in the delivery of dishwashers, refrigerators and game consoles. Consumers and businesses are feeling the pinch of the semiconductor shortage. The war in…

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Oil, Gas Shipments Drive Suez Canal Record-High Revenues

05/03/2022 Ranbiz

The head of Egypt’s Suez Canal Authority says the canal received record high revenues of more than $620 million dollars during April. Analysts say that’s partly due to Persian Gulf…

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Technology Helps Find One of the World’s Most Sought-After Shipwrecks 

05/03/2022 RanIT

Satellite imagery and underwater robotics are among the technologies that played a crucial role in the recent discovery of the Endurance, renowned explorer Ernest Shackleton’s ship that sank in frozen…

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US Company Produces Drones for Ukrainian Armed Forces

05/02/2022 RanIT

BRINC, a company based in Seattle, Washington, is producing special drones to assist Ukraine’s armed forces. The drones are used in search and rescue missions and can provide eyes in places where…

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EU Says Apple Pay May Violate EU Antitrust Laws

05/02/2022 RanIT

The European Union on Monday accused Apple of abusing its dominant Apple Pay market position to prevent other companies from competing in contactless payment technologies.  “Apple has built a closed…

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Southeast Asian Fruit Industry Feels Squeeze of China’s Zero-COVID Policy

05/02/2022 Ranbiz

The pandemic and China’s zero-COVID-19 policy has caused ripple effects throughout the global supply chain. The fruit industry in Southeast Asia has been feeling the impact. VOA’s video journalists talked…

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China COVID Hard Line Eats Into Everything From Teslas to Tacos

05/02/2022 Ranbiz

When Tesla’s Shanghai plant and other auto factories were shut over the last two months by emergency measures to control China’s biggest COVID-19 outbreak, the burning question was how quickly…

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Germany: Quitting Russian Oil by Late Summer Is ‘Realistic’

05/01/2022 Ranbiz

Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil imports by late summer. Economy and Climate Minister…

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Germany Slashes Energy Reliance on Russia

05/01/2022 Ranbiz

Germany said Sunday it has made progress in sharply reducing its reliance on Russian energy, a strategic shift Europe’s biggest economy has embarked on since Russia invaded Ukraine. Russian supplies…

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Buffett Details Spending Spree, Takes Jab at Wall Street

05/01/2022 Ranbiz

Billionaire finance guru Warren Buffett, who complained recently that he did not know where to put his money, said Saturday he has invested billions of dollars so far this year,…

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