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Month: November 2022

US Central Bank Hints at Less Severe Interest Rate Hikes

11/30/2022 Ranbiz

The U.S. central bank could scale back the pace of its interest rate hikes “as soon as December,” Federal Reserve Chair Jerome Powell said on Wednesday, while warning that the…

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Cyber Monday Deals Lure In US Consumers amid High Inflation 

11/28/2022 Ranbiz

Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because…

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Electric Vehicles, a Century Old, Gain Speed in Marketplace

11/27/2022 RanIT

The International Energy Agency says 13% of cars sold worldwide this year will be electric. Mike O’Sullivan reports from Los Angeles that consumer demand for electric vehicles is increasing as…

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US Black Friday Online Sales Hit $9 Billion Despite Inflation

11/26/2022 Ranbiz

U.S. shoppers spent a record $9.12 billion online on Black Friday, a report showed Saturday, as consumers weathered the squeeze from high inflation and grabbed steep discounts on everything from…

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World Economic Outlook for 2023 Increasingly Gloomy

11/26/2022 Ranbiz

The outlook for the global economy headed into 2023 has soured, according to a number of recent analyses, as the ongoing war in Ukraine continues to strain trade, particularly in…

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US Bans Huawei, ZTE Equipment Sales, Citing National Security Risk

11/26/2022 RanIT

The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies HWT.UL and ZTE 000063.SZ because they pose “an unacceptable risk” to U.S. national security. The U.S.…

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Musk Plans to Relaunch Twitter Premium Service, Again

11/25/2022 RanIT

Elon Musk said Friday that Twitter plans to relaunch its premium service that will offer different colored check marks to accounts next week, in a fresh move to revamp the…

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Inflation Clouds ‘Black Friday’ Shopping Bonanza

11/25/2022 Ranbiz

Retailers braced for their biggest test of the year: Will U.S. consumers open their wallets wide for the Black Friday sales that kick off the holiday shopping season? Consumer confidence…

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Wildlife Summit to Vote on Shark Protections 

11/25/2022 Ranbiz

Delegates at a global summit on trade in endangered species were scheduled to decide Thursday whether to approve a proposal to protect sharks, a move that could drastically reduce the…

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Twitter, Others Slip on Removing Hate Speech, EU Review Says

11/24/2022 RanIT

Twitter took longer to review hateful content and removed less of it in 2022 compared with the previous year, according to European Union data released Thursday. The EU figures were…

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Inflation Worries Turn US Holiday Shopping Into Bargain Hunt

11/22/2022 Ranbiz

In the U.S., the 2022 holiday shopping season officially begins on Friday, the day after Thanksgiving Day. VOA’s Chris Casquejo looks at spending expectations for inflation-battered shoppers. …

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Electric Cars Steal the LA Car Show 

11/22/2022 Ranbiz

One of the world’s largest auto shows is underway in Los Angeles. The headline this year is high tech and electric vehicles. Veronica Villafañe has a sneak preview and more…

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US Supply Chain Under Threat as Unions, Railroads Clash

11/21/2022 Ranbiz

Railroad engineers accepted their deal with the railroads that will deliver 24% raises but conductors rejected theirs, threatening the health of the economy just before the holidays and casting more…

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Younger Workers Spurn Factory Jobs that Power China’s Economy

11/21/2022 Ranbiz

Growing up in a Chinese village, Julian Zhu saw his father only a few times a year when he returned for holidays from his exhausting job in a textile mill…

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Food Prices Put Bite on US Thanksgiving Feast 

11/20/2022 Ranbiz

Let the sticker shock begin: The upcoming U.S. Thanksgiving holiday, a time when families and friends typically celebrate with groaning sideboards, a stuffed turkey, and a more-is-better-than-less attitude, is going…

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Musk Restores Trump’s Twitter Account After Online Poll

11/20/2022 RanIT

Elon Musk reinstated Donald Trump’s account on Twitter on Saturday, reversing a ban that has kept the former president off the social media site since a pro-Trump mob attacked the…

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Holmes Sentenced to More Than 11 Years in Theranos Scam

11/19/2022 Ranbiz

Disgraced Theranos CEO Elizabeth Holmes was sentenced Friday to more than 11 years in prison for duping investors in the failed startup that promised to revolutionize blood testing but instead…

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Botswana Records Surge in Lithium Batteries Theft as Global Demand Soars

11/18/2022 RanIT

Authorities in Botswana are reporting increased thefts of lithium batteries from mobile phone towers amid a surge in global demand for the battery in electric vehicles. The southern African nation’s…

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US Vice President Convenes Emergency Session on Missiles at APEC Summit

11/18/2022 Ranbiz

U.S. Vice President Kamala Harris convened an emergency meeting of key regional powers Friday on the sidelines of the Asia Pacific Economic Cooperation summit in Bangkok to discuss North Korea’s…

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African Cotton Exporter Benin Looks to Local Manufacturing to Reduce Emissions

11/18/2022 Ranbiz

Africa’s biggest cotton exporter, Benin, has built an industrial park to move the country away from raw exports to finished products.  Environmental activists say local manufacturing will also cut down…

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NASA’s Mighty Moon Rocket at Long Last Launches

11/17/2022 RanIT

NASA once again makes moonshot history. Plus, the space agency’s astronauts take a stroll, and a piece of tragic space history found by accident. VOA’s Arash Arabasadi brings us The…

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Taiwan’s APEC Envoy at the Center of Processor Chip Tension

11/17/2022 RanIT

Taiwan’s envoy to a gathering of Asia-Pacific leaders is the 91-year-old billionaire founder of a computer chip manufacturing giant that operated behind the scenes for decades before being thrust into…

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With Twitter’s Human Rights Team Gone, Some Experts Say Users’ Safety Jeopardized

11/17/2022 RanIT

With Twitter’s human rights team eliminated, legal experts voice alarm about what it could mean for users around the world. Tina Trinh reports. Camera: Daniel Brody. …

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EXPLAINER: Nasa’s New Mega Moon Rocket, Orion Crew Capsule

11/16/2022 RanIT

NASA is kicking off its new moon program with a test flight of a brand-new rocket and capsule. Liftoff was slated for early Wednesday from Kennedy Space Center in Florida.…

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FBI Says It has ‘National Security Concerns’ About TikTok

11/16/2022 RanIT

FBI Director Christopher Wray said on Tuesday that the bureau has “national security concerns” about popular short-form video hosting app TikTok as the Chinese-owned company seeks U.S. government approval to…

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Nigerians Rush to Buy Dollars Ahead of Deadline for Old Local Bills

11/15/2022 Ranbiz

Nigeria’s plan to replace its naira currency with new designs to reduce excess cash and to fight counterfeiting, inflation and crime has led to a rush on U.S. dollars. Analysts…

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