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Month: November 2022

World Population Hits 8 Billion, Creating Many Challenges

11/15/2022 Ranbiz

The world’s population is projected to hit an estimated 8 billion people on Tuesday, according to a United Nations projection, with much of the growth coming from developing nations in…

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US Says Airlines to Refund $600+ Million to Flyers

11/15/2022 Ranbiz

Frontier Airlines and four foreign carriers have agreed to refund more than $600 million combined to travelers whose trips were canceled or significantly delayed since the start of the pandemic,…

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40 States Settle Google Location-tracking Charges for $392 Million

11/14/2022 RanIT

Search giant Google has agreed to a $391.5 million settlement with 40 states to resolve an investigation into how the company tracked users’ locations, state attorneys general announced Monday.  The…

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Appeals Court Ruling Keeps Biden Student Debt Plan on Hold

11/14/2022 Ranbiz

President Joe Biden’s plan to forgive student loan debt for millions of borrowers was handed another legal loss Monday when a federal appeals court panel agreed to a preliminary injunction…

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Musk Touches on Twitter Criticism, Workload at G20 Forum

11/14/2022 RanIT

It’s not easy being Elon Musk. That was the message the new Twitter owner and billionaire head of Tesla and SpaceX had for younger people who might seek to emulate…

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Musk’s Latest Twitter Cuts: Outsourced Content Moderators

11/14/2022 RanIT

Twitter’s new owner Elon Musk is further gutting the teams that battle misinformation on the social media platform as outsourced moderators learned over the weekend they were out of a…

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Researchers Identify More Potential Hydro Energy Storage Sites 

11/13/2022 RanIT

Australian researchers have identified 1,500 additional locations across the country that could be used as pumped storage hydropower facilities. They have said it should reduce Australia’s reliance on fossil fuels.…

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Germany’s Scholz Visits Vietnam as Manufacturers Eye Shift From China 

11/13/2022 Ranbiz

German Chancellor Olaf Scholz discussed energy and trade ties with Vietnam’s Prime Minister Pham Minh Chinh during a visit to Hanoi on Sunday, the first for a German leader in…

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UK Warns of Budget Pain to Come This Week 

11/13/2022 Ranbiz

Britain’s government on Sunday warned of impending tax hikes, especially for the wealthy, as it bids to repair economic havoc wrought by the short-lived tenure of former prime minister Liz…

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Musk Halts Twitter’s Blue Check Fee Program Amid Flood of Impostors

11/11/2022 RanIT

Twitter paused its recently announced $8 blue check subscription service Friday as fake accounts mushroomed and new owner Elon Musk brought back the “official” badge to some users of the…

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Crypto Firm FTX Files for Bankruptcy, Bankman-Fried Exits

11/11/2022 RanIT

Crypto exchange FTX filed for U.S. bankruptcy proceedings on Friday and founder Sam Bankman-Fried stepped down as CEO, in a stunning downfall that has sent shock waves through markets and…

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Thailand Open for Business as Tourism Sector Continues Rebound

11/11/2022 Ranbiz

Thailand’s tourist economy appears to be on the rebound as millions of international arrivals flock to the Southeast Asian country following COVID-19 border restrictions and closures. The government says it…

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Wall Street Surges in Inflation News; Best Day Since April 2020

11/10/2022 Ranbiz

Wall Street surged to its best day since April 2020 as markets cheered a government report that inflation cooled more than expected last month. The S&P 500 jumped 5.5% Thursday,…

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US Says Consumer Price Inflation Eased in October

11/10/2022 Ranbiz

Consumer price increases are beginning to ease in the U.S., not rapidly, but at a slower pace than the four-decade-high inflation boost in June. The government’s Labor Department said Thursday…

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Meta Layoffs Deepen Silicon Valley’s Jobs Losses

11/10/2022 RanIT

The widespread retrenchment in the U.S. technology industry has thrown thousands of workers in Silicon Valley out of work, a trend greatly amplified on Wednesday by Meta Platforms, the parent…

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Eyeing Global Food Crisis, Beijing Revives Elements of Planned Economy 

11/09/2022 Ranbiz

China may be reviving key elements of its 20th-century planned economy to ensure domestic stability as a way to reduce dependence on the West for consumer commodities, particularly foodstuffs affected…

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As Midterm Elections Near, Twitter Turmoil Raises Misinformation Concerns

11/08/2022 RanIT

Tech billionaire Elon Musk’s takeover of Twitter comes as the U.S. holds midterm elections this week, with observers warning that online misinformation about the credibility of the electoral process can…

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Facebook Parent Company Meta Reportedly Planning Large-scale Layoffs

11/07/2022 RanIT

Facebook parent company Meta is preparing to begin large-scale layoffs this week, according to U.S. media reports.  The layoffs, which were first reported by The Wall Street Journal, are expected…

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Traders Say Equatorial Guinea Border Closure Ahead of Elections Hurts Business 

11/07/2022 Ranbiz

Traders in the Cameroon town of Kiossi, on the border with Equatorial Guinea, say business is suffering after the land border was closed last week ahead of November 20 elections.…

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Facebook Parent Meta Is Preparing Large-scale Layoffs This Week, Say Media

11/07/2022 RanIT

Meta Platforms Inc. is planning to begin large-scale layoffs this week that will affect thousands of employees, The Wall Street Journal reported on Sunday, citing people familiar with the matter,…

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South Korea’s DRX Crowned League of Legends World Champions

11/06/2022 RanIT

South Korean team DRX were crowned League of Legends world champions on Saturday after scoring a surprise 3-2 victory over compatriots T1 in a thrilling final of the eSports tournament…

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War Fallout, Aid Demands Overshadow Climate Talks in Egypt

11/06/2022 Ranbiz

When world leaders, diplomats, campaigners and scientists descend on Sharm el-Sheikh in Egypt for talks on tackling climate change, don’t expect them to part the Red Sea or other miracles…

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UN Urges Musk to Ensure Twitter Respects Human Rights

11/06/2022 RanIT

U.N. rights chief Volker Turk on Saturday urged Twitter’s new owner, Elon Musk, to make respect for human rights central to the social network after he sacked around half the…

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Twitter Offers $7.99 Monthly Subscription That Includes Checkmark

11/05/2022 RanIT

Twitter on Saturday launched a subscription service for $7.99 a month that includes a blue check now given only to verified accounts as new owner Elon Musk overhauls the platform’s…

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In Meat-Loving South Africa, Climate Concerns Whet Appetite for Veggie Burgers

11/05/2022 Ranbiz

In South Africa, a country where ‘braai’ all-day barbecuing is a national pastime, plant-based substitutes are making surprising inroads despite a deep cultural love of meat and hostility from the…

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Widespread Twitter Layoffs Begin, Worry Advertisers, Civic Groups

11/05/2022 RanIT

Twitter began widespread layoffs Friday as new owner Elon Musk overhauls the company, raising grave concerns about chaos enveloping the platform and its ability to fight disinformation just days ahead…

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