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Month: February 2023

Iran’s Currency Falls to Record Low as Sanctions to Continue  

02/20/2023 Ranbiz

Iran’s troubled currency broke below the psychologically key level of 500,000 rial per U.S. dollar on Monday, as market participants saw no end in sight to sanctions. The Iranian rial…

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At Job Fairs in China, Employers Are Thrifty, Applicants Timid

02/20/2023 Ranbiz

China’s job fairs are making a comeback after being forced online by COVID-19 for three years, but subdued wages and less abundant offerings in sectors exposed to weakening external demand…

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Amid ChatGPT Outcry, Some Teachers Are Inviting AI to Class

02/19/2023 RanIT

Under the fluorescent lights of a fifth grade classroom in Lexington, Kentucky, Donnie Piercey instructed his 23 students to try and outwit the “robot” that was churning out writing assignments.…

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With COVID Travel Bans Lifted, Hong Kong-China ‘Parallel Import Trade’ Returns

02/19/2023 Ranbiz

Long before the pandemic shut down Hong Kong’s vibrant retail sector, traders from China crossed the border to purchase everything from cosmetics to cars tax-free for profitable reselling upon returning…

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Angry Bing Chatbot Just Mimicking Humans, Experts Say

02/19/2023 RanIT

When Microsoft’s nascent Bing chatbot turns testy or even threatening, it’s likely because it essentially mimics what it learned from online conversations, analysts and academics said. Tales of disturbing exchanges…

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Spy Balloon Lifts Veil on China’s ‘Near Space’ Military Program

02/19/2023 RanIT

The little-noticed program that led to a Chinese spy balloon drifting across the United States this month has been discussed in China’s state-controlled media for more than a decade in…

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Tesla Recalls ‘Full Self-Driving’ to Fix Unsafe Actions

02/17/2023 RanIT

U.S. safety regulators have pressured Tesla into recalling nearly 363,000 vehicles with its “Full Self-Driving” system because it misbehaves around intersections and doesn’t always follow speed limits. The recall, part…

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US ‘Disruptive Technology’ Strike Force to Target National Security Threats

02/16/2023 RanIT

A top U.S. law enforcement official on Thursday unveiled a new “disruptive technology strike force” tasked with safeguarding American technology from foreign adversaries and other national security threats. Deputy Attorney…

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Some Dogs and Cats Use Words to Express Their Needs and Wants

02/16/2023 RanIT

Imagine if your dog or cat could use words to let you know when they’re angry, lonely or in pain. Well now they can, thanks to an innovative communication tool…

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Report Says US Justice Department Escalates Apple Probe

02/15/2023 RanIT

The United States Justice Department has in recent months escalated its antitrust probe on Apple Inc., The Wall Street Journal reported on Wednesday citing people familiar with the matter.   Reuters…

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Retail Sales Jump as Americans Defy Inflation, Rate Hikes

02/15/2023 Ranbiz

America’s consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in nearly two years, underscoring the economy’s…

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Elon Musk Hopes to Have Twitter CEO Toward the End of Year 

02/15/2023 RanIT

Billionaire Elon Musk said Wednesday that he anticipates finding a CEO for Twitter “probably toward the end of this year.” Speaking via a video call to the World Government Summit…

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11 States Consider ‘Right to Repair’ for Farming Equipment

02/15/2023 RanIT

On Colorado’s northeastern plains, where the pencil-straight horizon divides golden fields and blue sky, a farmer named Danny Wood scrambles to plant and harvest proso millet, dryland corn and winter…

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Automakers Emphasize Choice Amid Push to Electrification

02/14/2023 Ranbiz

The average price for a new vehicle in the United States soared above $49,000 in December, a record high. With Americans increasingly price conscious at a time of high inflation…

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US Inflation Likely Eased Again Last Month If More Gradually

02/14/2023 Ranbiz

U.S. inflation likely slowed again last month in the latest sign that consumer price increases are becoming less of a burden on America’s households. But Tuesday’s report from the government…

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Ford to Cut 3,800 Jobs in Europe, Mostly in Germany, UK 

02/14/2023 Ranbiz

Ford said Tuesday that it will cut 3,800 jobs in Europe over the next three years in an effort to streamline its operations as it contends with economic challenges and…

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China-Owned Parent Company of TikTok Among Top Spenders on Internet Lobbying

02/14/2023 RanIT

ByteDance, the Chinese parent company of social media platform TikTok, has dramatically upped its U.S. lobbying effort since 2020 as U.S.-China relations continue to sour and is now the fourth-largest…

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Google to Expand Misinformation ‘Prebunking’ in Europe

02/13/2023 RanIT

After seeing promising results in Eastern Europe, Google will initiate a new campaign in Germany that aims to make people more resilient to the corrosive effects of online misinformation. The…

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Russian Spacecraft Loses Pressure; ISS Crew Safe

02/11/2023 RanIT

An uncrewed Russian supply ship docked at the International Space Station has lost cabin pressure, the Russian space corporation reported Saturday, saying the incident doesn’t pose any danger to the…

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Pakistan’s Key Financial Bailout Talks with IMF Remain Inconclusive

02/10/2023 Ranbiz

Pakistan and the International Monetary Fund have held days of talks on reviving a stalled $6.5 billion bailout program but have failed to reach a deal to help prevent a…

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Biden Exudes Optimism for US Economy; Rest of World Expected to Face Longer Recession

02/10/2023 Ranbiz

US President Joe Biden celebrated his economic record this week during the annual State of the Union address. While US unemployment statistics are on the upswing, economists say there are…

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Through the Lens: One Year on, Russia’s War in Ukraine Hits Egypt’s Poor

02/09/2023 Ranbiz

CAIRO — Egypt is embroiled in cost-of-living and currency crises, in part, exacerbated by Russia’s full-scale invasion of Ukraine nearly one year ago — the fallout of which has led…

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US Senate Panel Questions Southwest Airlines about Holiday Failures  

02/09/2023 Ranbiz

Southwest Airlines executives and union officials are appearing before the U.S. Senate Commerce Committee Thursday to explain the cancellation of 16,700 flights last December in the middle of the holiday…

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Several US Universities to Experiment With Micro Nuclear Power 

02/09/2023 RanIT

If your image of nuclear power is giant, cylindrical concrete cooling towers pouring out steam on a site that takes up hundreds of acres of land, soon there will be…

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Australian Defense Department to Remove Chinese-Made Cameras

02/09/2023 RanIT

Australia’s Defense Department will remove surveillance cameras made by Chinese Communist Party-linked companies from its buildings, the government said Thursday after the U.S. and Britain made similar moves. The Australian…

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US Students’ ‘Big Idea’ Could Help NASA Explore the Moon

02/09/2023 RanIT

Last November, Northeastern University student Andre Neto Caetano watched the live, late-night launch of NASA’s Artemis 1 from Kennedy Space Center in Florida on a cellphone placed on top of…

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