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Month: July 2023

India’s Ban on Rice Exports Could Impact Global Prices

07/23/2023 Ranbiz

A ban imposed by India on exports of several categories of rice due to rising domestic prices and fears of a shortfall in the next crop yield could drive up…

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Musk Says Twitter to Change Logo to “X” From The Bird  

07/23/2023 RanIT

Elon Musk said Sunday that he plans to change the logo of Twitter to an “X” from the bird, marking what would be the latest big change since he bought…

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Dead EV Batteries Turn to Gold With US Incentives

07/23/2023 Ranbiz

A little-publicized clause in the U.S. Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race…

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Japan Signs Chip Development Deal With India 

07/22/2023 RanIT

Japan and India have signed an agreement for the joint development of semiconductors, in what appears to be another indication of how global businesses are reconfiguring post-pandemic supply chains as…

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AI Firms Strike Deal With White House on Safety Guidelines 

07/22/2023 RanIT

The White House on Friday announced that the Biden administration had reached a voluntary agreement with seven companies building artificial intelligence products to establish guidelines meant to ensure the technology…

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India and Sri Lanka to Strengthen Economic Partnership

07/21/2023 Ranbiz

India and Sri Lanka boosted their economic partnership by signing a series of agreements on energy, trade and connectivity projects following talks between Indian Prime Minister Narendra Modi and Sri…

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Can Cities Remain Relevant If Hybrid Work Is Here to Stay?

07/21/2023 Ranbiz

Hybrid work is here to stay, and if cities are to thrive, they must adapt to the new reality that workers will be downtown less often. That’s according to a…

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Major Strikes Loom in US Labor Market 

07/20/2023 Ranbiz

The labor movement in the United States is having an unusually active moment, with as many as four high-profile strikes possible and a level of coordination among separate unions that…

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US Tech Leaders Aim for Fewer Export Curbs on AI Chips for China 

07/20/2023 RanIT

Intel Corp. has introduced a processor in China that is designed for AI deep-learning applications despite reports of the Biden administration considering additional restrictions on Chinese companies to address loopholes…

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 Ukrainian Farmers React to Russia’s Grain Deal Withdrawal 

07/20/2023 Ranbiz

After Russia withdrew from a deal allowing Ukraine to export grain through ports on the Black Sea, the Kremlin launched attacks on Ukrainian ports and grain hubs. Anna Kosstutschenko spoke with…

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Canadian Immigration Work Initiative Reaches Cap in Two Days

07/20/2023 Ranbiz

Canada’s recently launched immigration work permit program is no longer accepting new applications since receiving an overwhelming response and reaching its cap of 10,000 applicants in two days. Aiming to…

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As Gasoline Prices Soar, Some Nigerians Turn to Propane-Fueled Generators

07/20/2023 Ranbiz

Nigeria’s weak electric grid had led many of its citizens to rely on gasoline-fueled generators for power. But the president’s controversial removal of a costly fuel subsidy in May saw…

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UN Security Council Debates Virtues, Failings of Artificial Intelligence

07/20/2023 RanIT

Artificial intelligence was the dominant topic at the United Nations Security Council this week. In his opening remarks at the session, U.N. Secretary-General Antonio Guterres said, “AI will have an…

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Former Mombasa Dentist Develops App to Tackle Garbage Along Kenyan Coast

07/19/2023 RanIT

Tayba Hatimy studied and practiced dentistry for seven years before she realized her real passion was caring for the environment. Since then, she has founded a garbage collection app that…

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Artificial Intelligence Is Changing Social Media 

07/19/2023 RanIT

Artificial intelligence is quickly becoming part of our social media world on our cellphones and computers. Text, images, audio and video are becoming easier for anyone to create using new…

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Chinese Livestreamers Set Sights on TikTok Sales to Shoppers in US and Europe 

07/19/2023 RanIT

Chinese livestreamers have set their sights on TikTok shoppers in the U.S. and Europe, hawking everything from bags and apparel to crystals with their eyes on a potentially lucrative market,…

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USDA, States Eye Cheaper Food by Targeting Anticompetitive Acts 

07/19/2023 Ranbiz

The U.S. Department of Agriculture is seeking to lower food prices and boost competition by joining with 31 states and Washington, D.C., to target price fixing and other anticompetitive behavior…

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Yellen Says Pending Rules Won’t ‘Broadly Disrupt’ Investment in China

07/19/2023 Ranbiz

U.S. Treasury Secretary Janet Yellen this week said that if the Biden administration issues expected new rules limiting outbound U.S. investment in China, they will not be highly disruptive to…

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G20 Finance Ministers Meeting in India Ends Without Consensus

07/18/2023 Ranbiz

Consensus eluded a meeting of finance ministers and central bank governors of the Group of 20 countries that ended Tuesday in India as members failed to bridge their differences on…

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US Communications Commission Hopeful About Artificial Intelligence 

07/18/2023 RanIT

Does generative artificial intelligence pose a risk to humanity that could lead to our extinction? That was among the questions put to experts by the head of the U.S. Federal…

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White House Partners With Amazon, Google, Best Buy To Secure Devices From Cyberattacks

07/18/2023 RanIT

The White House on Tuesday along with companies such as Amazon.com Inc, Alphabet’s Google and Best Buy will announce an initiative that allows Americans to identify devices that are less…

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Norway Threatens $100,000 Daily Fine on Meta Over Data

07/17/2023 RanIT

Norway’s data protection agency said Monday it would ban Facebook and Instagram owner Meta from using the personal information of users for targeted advertising, threatening a $100,000 daily fine if…

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UK Watchdog Proposes Applying ‘Consumer Duty’ to Social Media

07/17/2023 RanIT

Britain’s financial watchdog on Monday proposed toughening up safeguards against the illegal marketing of financial products on social media by applying a stringent “consumer duty” that is being rolled out…

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US Treasury Chief: Ukraine Aid Is the Best Boost for Global Economy

07/16/2023 Ranbiz

Redoubling support for war-stricken Ukraine is the “single best” way to aid the global economy, U.S. Treasury Secretary Janet Yellen said Sunday, along with boosting emerging economies and tackling debt…

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Musk Says Twitter Is Losing Cash Because Advertising Is Down and the Company Is Carrying Heavy Debt

07/16/2023 RanIT

Elon Musk says Twitter is still losing cash because advertising has dropped by half. In a reply to a tweet offering business advice, Musk tweeted Saturday, “We’re still negative cash…

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Bargain-Hunting Uruguayans Flock to Argentina as its Peso Slides

07/16/2023 Ranbiz

On a recent cross-border shopping trip, four friends from Fray Bentos, Uruguay, visited the nearby Argentine city of Gualeguaychú, where they could afford to live lavishly and snap up eye-popping…

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