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Month: December 2022

VOA Journalist Among Media Suspended on Twitter

12/16/2022 RanIT

VOA chief national correspondent Steve Herman was among several journalists to be suspended from Twitter late Thursday. Followers of the former White House bureau chief’s Twitter account were greeted with…

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US Stocks Sink as Fed Signals It Will Remain Aggressive

12/15/2022 Ranbiz

Stocks tumbled on Wall Street and across European markets Thursday as investors grew increasingly concerned that the Federal Reserve and other central banks are willing to risk a recession to…

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Botswana Communities Earn $5 Million Through Elephant Hunting

12/15/2022 Ranbiz

Botswana’s government says rural communities have earned $5 million since last year from the proceeds of elephant hunting. Conservationists object to the practice, but local officials say the hunts are…

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Biden Touts Billions in US-Africa Deals at Summit of 50 African Delegations

12/15/2022 Ranbiz

President Joe Biden enumerated billions of dollars’ worth of U.S. investments in Africa in remarks to African leaders and the continent’s business community at a three-day summit. VOA White House…

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Hacker Claims Breach of FBI’s Critical-Infrastructure Forum 

12/14/2022 RanIT

A hacker who reportedly posed as the chief executive of a financial institution claims to have obtained access to the more than 80,000-member database of InfraGard, an FBI-run outreach program…

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Fed Lifts Rates by Half Percentage Point, Sees Economy Nearing Stall Speed

12/14/2022 Ranbiz

The Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 75 basis points of increases in borrowing costs by the end…

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Ethiopians File Lawsuit Against Meta Over Hate Speech in War

12/14/2022 RanIT

Two Ethiopians have filed a lawsuit against Facebook’s parent company, Meta, over hate speech they say was allowed and even promoted on the social media platform amid heated rhetoric over…

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Forecasts Show India May Become World’s Third Largest Economy by 2030

12/14/2022 Ranbiz

India’s economy is posting the fastest growth among major economies putting it on track to become the world’s third largest before the end of the decade, according to financial forecasts.…

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COVID Restrictions Lifted, China’s Businesspeople Hit the Road to Revive Export Economy

12/14/2022 Ranbiz

Yiwu, a city in China’s Zhejiang province, produces more than half the world’s Christmas ornaments purchased by the billions of people who celebrate the holiday. China’s “zero-COVID” policy, coupled with…

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Fraud Charges Unsealed in Arrest of Crypto Magnate Bankman-Fried

12/14/2022 RanIT

Law enforcement officials and financial services regulators have filed a raft of criminal and civil charges against Sam Bankman-Fried, the founder of the bankrupt cryptocurrency exchange company FTX, alleging wide-ranging…

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Increase in US Consumer Prices Eased in November

12/13/2022 Ranbiz

The increase in U.S. consumer prices eased again in November, rising at their slowest pace since last December, the Labor Department reported Tuesday. The consumer price index climbed 7.1% in…

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SEC Charges Former FTX CEO With Defrauding Crypto Investors

12/13/2022 Ranbiz

The U.S. Securities and Exchange Commission has charged the former CEO of failed cryptocurrency firm FTX with orchestrating a scheme to defraud investors. An SEC complaint filed Tuesday alleges that…

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In Wider Diversity Push, Norway Proposes 40% Gender Quota for Large Unlisted Firms 

12/12/2022 Ranbiz

Large private Norwegian firms must have boards that comprise at least 40% of women or they will be shut down, the government proposed in a bill on Monday, in a…

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US Inflation Will Be Much Lower by End of 2023 – Yellen

12/12/2022 Ranbiz

U.S. Treasury Secretary Janet Yellen on Sunday forecast a substantial reduction in U.S. inflation in 2023, barring an unexpected shock. “I believe by the end of next year you will…

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NASA’s Orion Capsule Blazes Home From Test Flight to Moon 

12/11/2022 RanIT

NASA’s Orion capsule made a blisteringly fast return from the moon Sunday, parachuting into the Pacific off Mexico to conclude a test flight that should clear the way for astronauts…

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Saudi Energy Minister Sees No Clear Results Yet From Russia Price Cap

12/11/2022 Ranbiz

Saudi energy minister Prince Abdulaziz bin Salman said Sunday the impact of European sanctions on Russian crude oil and price cap measures “did not bring clear results yet” and its…

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Apple Plans to Move Production Outside of China

12/09/2022 RanIT

The Wall Street Journal reports U.S. smartphone giant Apple Inc. is accelerating plans to move some China-based production lines to other southeastern Asian countries such as India and Vietnam. That,…

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Arizona Ramps Up Tech Workforce, Skills to Meet Chips Job Boom

12/08/2022 RanIT

Taiwanese chip giant TSMC is building a second U.S. facility in the southwest state of Arizona, highlighting the Biden Administration’s push to bring more of the semiconductor supply chain to the United States. But are there enough…

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Boeing’s Final 747 Rolls Out of Washington State Factory

12/08/2022 RanIT

After more than half a century, the last Boeing 747 rolled out of a Washington state factory on Tuesday. The 747 jumbo jet has taken on numerous roles — a…

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Biden Touts Advanced Chips Manufacturing in Visit to Arizona Semiconductor Plant

12/07/2022 RanIT

U.S. President Joe Biden was in Arizona Tuesday promoting investments in U.S. semiconductor manufacturing. He was joined by officials from the Taiwanese semiconductor giant TSMC, which says it is tripling…

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Biden to Visit Arizona Computer Chip Facility

12/06/2022 RanIT

U.S. President Joe Biden is traveling to Arizona on Tuesday to visit a computer chip facility, underscoring the Grand Canyon state’s position in the emerging U.S. semiconductor ecosystem. Biden will…

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UAE, Ukraine to Start Talks on Bilateral Trade Deal

12/05/2022 Ranbiz

The United Arab Emirates and Ukraine on Monday announced their intention to start negotiations on a bilateral trade deal, expected to conclude by the middle of next year, the UAE…

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Growth in Arms Trade Stunted by Supply Issues: Report

12/05/2022 Ranbiz

Sales of arms and military services grew in 2021, researchers said Monday, but were limited by worldwide supply issues related to the pandemic, with the war in Ukraine increasing demand…

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EU Chief Says Bloc Must Act Over US Climate Plan ‘Distortions’

12/04/2022 Ranbiz

EU chief Ursula von der Leyen said Sunday the bloc must act to address “distortions” created by Washington’s $430-billion plan to spur climate-friendly technologies in the United States. The European…

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3 Chinese Astronauts Return to Earth After 6-Month Mission

12/04/2022 RanIT

Three Chinese astronauts landed in a northern desert on Sunday after six months working to complete construction of the Tiangong station, a symbol of the country’s ambitious space program, state…

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Sources: OPEC+ Agrees No Change to Oil Policy

12/04/2022 Ranbiz

OPEC+ agreed to stick to its oil output targets at a meeting on Sunday, two OPEC+ sources told Reuters. The decision comes two days after the Group of Seven (G-7)…

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