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Month: August 2022

‘Now Hiring’: US Employers Struggle to Find Enough Workers

08/14/2022 Ranbiz

Salespeople, food servers, postal workers — “Help Wanted” ads are proliferating across the United States, as companies struggle to deal with a worker shortage caused by the pandemic, a rash…

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US Gas Prices Lowest in 5 Months

08/12/2022 Ranbiz

Gasoline prices have dipped to their lowest in more than five months — good news for consumers who are struggling with high prices for many other essentials. AAA said the…

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Ukraine Cyber Chief Visits ‘Black Hat’ Hacker Meeting in Las Vegas

08/12/2022 RanIT

Ukraine’s top cyber official addressed a room full of security experts at a hackers convention following a two-day trip from Kyiv to a casino in Las Vegas. During his unannounced…

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COVID-19 Wreaks Havoc on Youth Employment

08/11/2022 Ranbiz

The International Labor Organization says the COVID-19 pandemic has wreaked havoc on the youth labor market. The ILO’s just released “Global Employment Trends for 2022” report finds job prospects for…

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At 75, India Seeks Way Forward in Big but Job-Scarce Economy

08/11/2022 Ranbiz

As India’s economy grew, the hum of factories turned the sleepy, dusty village of Manesar into a booming industrial hub, cranking out everything from cars and sinks to smartphones and…

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In Solomon Islands, Some Wary of Beijing-backed Construction

08/11/2022 Ranbiz

On the main street of Honiara, capital of the Solomon Islands, the Chinese presence is noticeable — some people on the street, some characters on the signs and at almost…

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Facebook Use Plunges Among US Teens, Survey Finds

08/11/2022 RanIT

U.S. teens have left Facebook in droves over the past seven years, preferring to spend time at video-sharing venues YouTube and TikTok, according to a Pew Research Center survey data…

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Race for Semiconductors Influences Taiwan Conflict 

08/10/2022 RanIT

China has blocked many of Taiwan’s exports in retaliation for U.S. House Speaker Nancy Pelosi’s visit to Taiwan on August 2, but certain goods including semiconductors and high-tech products have…

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US Inflation Slips From 40-Year Peak but Remains High 8.5% 

08/10/2022 Ranbiz

Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it…

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Biden Signs Semiconductor Bill Boosting US Competitiveness

08/09/2022 RanIT

U.S. President Joe Biden has signed the CHIPS and Science Act, which aims to boost U.S. competitiveness against China by allocating billions of dollars toward domestic semiconductor manufacturing and scientific…

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Australia to Permit Offshore Wind Farms 

08/08/2022 RanIT

Offshore wind farms are to be permitted for the first time in Australia. The Climate Change Minister Chris Bowen has declared part of the Victoria coast an offshore wind zone…

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US Senate Approves Inflation Reduction Act of 2022

08/07/2022 Ranbiz

The evenly split U.S. Senate has passed the Inflation Reduction Act of 2022. With Vice President Kamala Harris casting the tiebreaking vote and all Democrats seemingly on board, lawmakers worked…

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US Senate Democrats Poised to Approve Climate, Tax Legislation 

08/07/2022 Ranbiz

U.S. Senate Democrats, over uniform Republican opposition, are poised Sunday to approve sweeping legislation to combat climate change, trim health care costs and raise taxes on highly profitable corporations. The…

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US Senate Preps for Landmark Climate Legislation

08/06/2022 Ranbiz

Congressional Democrats appear to be on the cusp of passing legislation that would dedicate $369 billion to combat climate change through a combination of grants, tax cuts, subsidies and other…

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US Employers Added 528,000 Jobs; Unemployment Falls to 3.5%

08/05/2022 Ranbiz

Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession. Unemployment fell to…

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Democrats Say They’ve Reached Agreement on US Economic Package

08/05/2022 Ranbiz

Senate Democrats have reached an accord on eleventh-hour changes to their top-priority economic legislation, they announced late Thursday, clearing their major hurdle to moving the measure through the chamber in…

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Biden Pushes Inflation Reduction Act, Amid Divided Opinion

08/05/2022 Ranbiz

The Biden administration on Thursday pushed Congress to pass its proposed $260 billion Inflation Reduction Act, which the White House says will “lower costs, reduce inflation, and address a range…

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As Food Prices Skyrocket, US Food Lines Get Longer

08/04/2022 Ranbiz

From Phoenix, Arizona, in the southwest United States, to Jackson, Mississippi, in the southeast U.S., people are waiting in long lines in their vehicles to receive food assistance from food…

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Chinese Subsidiary of British Investment Bank Now Includes Communist Party Committee

08/03/2022 Ranbiz

British bank and financial services giant HSBC, a longtime presence in East Asia, has become the first foreign lender to install a Chinese Communist Party committee in its investment banking…

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Biden Celebrates Semiconductor Legislation to Boost US Competitiveness Against China

08/03/2022 RanIT

US President Joe Biden virtually joined Michigan Governor Gretchen Whitmer on Tuesday to celebrate the CHIPS and Science Act, which aims to boost US competitiveness against China by allocating billions…

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America’s Biggest Warehouse Running Out of Room; It’s About to Get Worse 

08/02/2022 Ranbiz

America’s largest warehouse market is full as major U.S. retailers warn of slowing sales of the clothing, electronics, furniture and other goods that have packed the distribution centers east of…

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Kenyan Ministers Say Government Not Banning Facebook

08/01/2022 RanIT

Kenyan ministers said the government has no intention of banning Facebook despite a watchdog last week accusing the social media platform of failing to stop hate speech ahead of Aug.…

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West African Bakers Aim to Reduce Dependence on Imported Grains 

08/01/2022 Ranbiz

Commercial bakers from eight West Africa countries are doing what they can to reduce their dependence on foreign wheat and strengthen their nations’ food security by forming a trade association.…

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