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Month: May 2023

G7 Talks Focus on Ways to Fortify Banks, Supply Chains

05/12/2023 Ranbiz

Bank runs, cybersecurity and supply chain reliability were among items on the agenda of closed-door financial talks Friday in Japan by the Group of Seven advanced economies.  Tensions with China,…

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Elon Musk Names NBCUniversal’s Yaccarino as New Twitter CEO

05/12/2023 RanIT

Billionaire tech entrepreneur Elon Musk on Friday named NBCUniversal executive Linda Yaccarino as the chief executive officer of social media giant Twitter. From his own Twitter account Friday, Musk wrote,…

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Apple to Launch First Online Store in Vietnam

05/12/2023 RanIT

Apple will launch its first online store in Vietnam next week, the company said Friday, hoping to cash in on the country’s young and tech-savvy population. The iPhone maker is…

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Somalia’s Hope for Debt Relief Under Threat, Experts Warn 

05/12/2023 Ranbiz

A renewed political dispute between the federal government of Somalia and the Puntland federal member state, and a failure of the fragile reforms to boost revenue collection and fiscal transparency,…

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Stunning Mosaic of Baby Star Clusters Created From 1 Million Telescope Shots

05/11/2023 RanIT

Astronomers have created a stunning mosaic of baby star clusters hiding in our galactic backyard. The montage, published Thursday, reveals five vast stellar nurseries less than 1,500 light-years away. A…

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Will Artificial Intelligence Take Away Jobs? Not Many for Now, Says Expert

05/10/2023 RanIT

The growing abilities of artificial intelligence have left many observers wondering how AI will impact people’s jobs and livelihoods. One expert in the field predicts it won’t have much effect,…

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Democratic, Republican Leaders to Meet on US Debt Limit Deadlock

05/09/2023 Ranbiz

U.S. President Joe Biden and the top Republican and Democrats in Congress are set to meet Tuesday at the White House amid an impasse about raising the country’s debt limit. …

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Elon Musk and Tesla Break Ground on Massive Texas Lithium Refinery

05/09/2023 RanIT

Tesla Inc on Monday broke ground on a Texas lithium refinery that CEO Elon Musk said should produce enough of the battery metal to build about 1 million electric vehicles (EVs)…

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Congress Eyes New Rules for Tech

05/08/2023 RanIT

Most Democrats and Republicans agree that the federal government should better regulate the biggest technology companies, particularly social media platforms. But there is little consensus on how it should be…

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Are Corporate Profits Driving Global Inflation?

05/08/2023 Ranbiz

As prices for food and goods remain high in many countries, some economists say the persistent inflation is partly due to corporate profit-seeking. VOA’s Veronica Balderas Iglesias has the details.…

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ASEAN Leaders to Tackle Regional Crises at Tropical Resort

05/08/2023 Ranbiz

A picturesque tourist destination will host crisis-weary Southeast Asian leaders with sun-splashed tropical islands, turquoise waters brimming with corals and manta rays, seafood feasts, and a hillside savannah crawling with…

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New Twitter Rules Expose Election Offices to Spoof Accounts

05/07/2023 RanIT

Tracking down accurate information about Philadelphia’s elections on Twitter used to be easy. The account for the city commissioners who run elections, @phillyvotes, was the only one carrying a blue…

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Yellen to US Congress: Raise Debt Ceiling or Face Economic Calamity

05/07/2023 Ranbiz

Treasury Secretary Janet Yellen reiterated that the United States could run out of cash as early as June 1. Her warning comes days before President Joe Biden is expected to…

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US Treasury Chief: ‘Financial Catastrophe’ if Debt Ceiling Not Increased 

05/07/2023 Ranbiz

U.S. Treasury chief Janet Yellen warned Sunday of an “economic and financial catastrophe” for the United States and the world economy if President Joe Biden and Congress cannot agree on…

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How China, Russia Might Capitalize on US Debt Limit ‘Chaos’

05/07/2023 Ranbiz

US officials are warning that China and Russia would capitalize on the ‘chaos’ that would ensue if the United States defaulted on its debt. The warnings come amid a monthslong…

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Google Plans to Make Search More ‘Human,’ Says Wall Street Journal

05/06/2023 RanIT

Google is planning to make its search engine more “visual, snackable, personal and human,” with a focus on serving young people globally, The Wall Street Journal reported on Saturday, citing…

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Buffett Shares Good News on Profits, AI Thoughts at Meeting

05/06/2023 RanIT

Billionaire Warren Buffett said artificial intelligence may change the world in all sorts of ways, but new technology won’t take away opportunities for investors, and he’s confident America will continue…

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Worries About US Banks Have Investors Nervous

05/06/2023 Ranbiz

In the wake of three of the biggest bank failures in U.S. history over the past two months, Americans are increasingly jittery about the safety of their money, worried about…

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World’s Tallest ‘Hemp Hotel’ Trails South Africa’s Green Credentials

05/06/2023 Ranbiz

CAPE TOWN, SOUTH AFRICA — With 12 storeys, a breathtaking view of Cape Town’s imposing Table Mountain and a minimal ecological footprint, the world’s tallest building made with industrial hemp…

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Could AI Pen ‘Casablanca’? Screenwriters Take Aim at ChatGPT

05/05/2023 RanIT

When Greg Brockman, the president and co-founder of ChatGPT maker OpenAI, was recently extolling the capabilities of artificial intelligence, he turned to “Game of Thrones.” Imagine, he said, if you…

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US Adds a Solid 253,000 Jobs Despite Fed’s Rate Hikes

05/05/2023 Ranbiz

America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis…

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White House Mulls AI Oversight, Protections with Industry Leaders

05/04/2023 RanIT

White House Mulls AI Oversight, Protections with Industry Leaders …

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Hate Passwords? You’re in Luck — Google Is Sidelining Them

05/04/2023 RanIT

Good news for all the password-haters out there: Google has taken a big step toward making them an afterthought by adding “passkeys” as a more straightforward and secure way to…

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US Names Somali American National Small Business Person of Year

05/04/2023 Ranbiz

The U.S. Small Business Administration has named Abdirahman Kahin, a Somali American restaurant chain owner in Minneapolis, Minnesota, as the National Small Business Person of the Year for 2023. Mohamud…

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As Sales Decline, Adidas Faces Pressure to Find Yeezy Fix

05/04/2023 Ranbiz

Adidas is set to update investors Friday about the unsold Yeezy shoes that have put the German sportswear giant in a predicament since it cut ties with Kanye West over…

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US Central Bank Pushes Key Interest Rate Another Notch Higher

05/03/2023 Ranbiz

The Federal Reserve, the U.S. central bank, raised its benchmark interest rate by another quarter percentage point on Wednesday but signaled that it could pause further increases as it watches…

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