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Month: November 2023

Ford Workers Approve Contract That Ended UAW Strike

11/18/2023 Ranbiz

The United Auto Workers union overwhelmingly ratified a new contract with Ford, a pact that, along with similar deals with General Motors and Stellantis, will raise pay across the industry,…

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Advertisers Flee Elon Musk’s X Amid Concerns of Antisemitism Backlash

11/18/2023 RanIT

Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content and hate speech on the site in general, with billionaire owner Elon…

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Second SpaceX Starship Launch Presumed Failed Minutes After Reaching Space

11/18/2023 RanIT

SpaceX’s uncrewed spacecraft Starship, developed to carry astronauts to the moon and beyond, was presumed to have failed in space minutes after lifting off on Saturday in a second test…

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Taiwan-Lithuania Ties Face Uncertainty Two Years After Taiwan Office Opened

11/17/2023 Ranbiz

Two years after Taiwan opened a representative office in Lithuania, officials from both sides stress progress in bilateral relations while analysts cite risks that the deepened engagement could be affected…

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Hollywood Actors Offered Protections Against AI in Labor Deal

11/17/2023 RanIT

Leaders of the union representing Hollywood actors announced a tentative deal recently with film and television studios to end a strike that started in July. It includes pay raises, streaming…

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Biden, 13 Leaders, Sign Indo-Pacific Economic Framework

11/17/2023 Ranbiz

U.S. President Joe Biden Thursday hailed a new economic agreement among 14 Asia Pacific countries aimed at countering China’s regional economic dominance, saying the deal leaders signed at a summit…

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Biden, Xi Compete for Partnership With Asia-Pacific at Summit

11/17/2023 Ranbiz

US President Joe Biden on Thursday stressed the strength of America’s economic growth in a bid to sway 19 Asia-Pacific economies to partner with the U.S. — as China’s leader…

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Malawi President Suspends Foreign Trips by Officials Over Currency Devaluation

11/16/2023 Ranbiz

Malawi President Lazarus Chakwera has suspended his foreign trips and those of government officials as part of austerity measures to cushion the impact of the recent 44% devaluation of local…

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Nigerian Analysts Skeptical About Oil Refinery Deals With Saudi Arabia

11/16/2023 Ranbiz

Nigerian experts are hopeful that deals reached last week with Saudi Arabia will boost local oil production and help grow the economy. The deals included a pledge by Saudi officials…

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US Approves SpaceX for 2nd Launch of Starship Super Heavy

11/16/2023 RanIT

The U.S. Federal Aviation Administration on Wednesday granted Elon Musk’s SpaceX a license to launch the company’s second test flight of its next-generation Starship and heavy-lift rocket from Texas, the…

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Nickel Miners, Environmentalists Learn to Live Together in Michigan

11/15/2023 RanIT

It began as a familiar old story. In the early 2000s, multinational mining giant Rio Tinto came to the wilds of Michigan’s Upper Peninsula to dig a nickel mine. Environmentalists…

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US House Approves Plan to Avert Partial Government Shutdown

11/14/2023 Ranbiz

The U.S. House of Representatives voted 336-95 on Tuesday to approve a plan to avert a partial government shutdown on Saturday but at the same time push off contentious debates…

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Amid Warning on US Debt Rating, Calls Mount for ‘Fiscal Commission’

11/14/2023 Ranbiz

With a government shutdown looming and a federal deficit that continues to climb, the bond rating firm Moody’s on Friday lowered its outlook for U.S. Treasury debt to “negative” from…

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Nepal Bans TikTok, Says It Disrupts Social Harmony

11/13/2023 RanIT

Nepal’s government decided to ban the popular social media app TikTok, saying Monday it was disrupting “social harmony” in the country. The announcement was made following a Cabinet meeting. Foreign…

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Cargo Standstill as Cyberattacks Close Australian Ports 

11/13/2023 RanIT

Several major Australian ports are resuming operations after shutting down due to a cyberattack. The ports are run by DP World Australia, one of the country’s biggest logistics companies. Authorities…

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Russia to Limit Only VPN Services That Pose a ‘Threat’ to Security, State Media Say

11/12/2023 RanIT

Russia plans to block certain Virtual Private Networks (VPNs) and protocols that are deemed by a commission of experts to pose a threat, state news agency RIA reported, citing correspondence…

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Australia Says Ports Operator Cyber Incident ‘Serious’

11/12/2023 RanIT

The Australian government on Sunday described as “serious and ongoing” a cybersecurity incident that forced ports operator DP World Australia to suspend operations at ports in several states since Friday.…

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Moody’s Turns Negative on US Credit Rating, Draws Washington Ire

11/11/2023 Ranbiz

Moody’s on Friday lowered its outlook on the U.S. credit rating to “negative” from “stable” citing large fiscal deficits and a decline in debt affordability, a move that drew immediate…

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China’s ‘Singles Day’ Shopping Bonanza Loses its Luster

11/11/2023 Ranbiz

China’s annual “Singles Day” sales bonanza wraps up at midnight Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world’s second-largest economy slows.…

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Internet Collapses in Yemen Over ‘Maintenance’ After Houthi Attacks Targeting Israel, US

11/10/2023 RanIT

Internet access across the war-torn nation of Yemen collapsed Friday and stayed down for hours, with officials later blaming unannounced “maintenance work” for an outage that followed attacks by the…

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UN Report Outlines War’s Devastating Impact on Palestinian Economy

11/10/2023 Ranbiz

A new U.N. report paints a stark picture of the collapse of the Palestinian economy after a month of war and Israel’s near total siege of Gaza. The gross domestic…

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Businesses in Ethiopian Traditional Clothing Market Say Chinese Competition Is Unfair

11/09/2023 Ranbiz

Businesses in the Ethiopian traditional clothing market say cheaper garments made by Chinese manufacturers is driving them out of work. Kennedy Abate has this report from the capital Addis Ababa,…

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Worker at South Korea Vegetable Packing Plant Crushed to Death by Industrial Robot

11/09/2023 RanIT

An industrial robot grabbed and crushed a worker to death at a vegetable packaging plant in South Korea, police said Thursday, as they investigated whether the machine was defective or…

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Ukraine War Continues to Roil Global Agriculture Industry

11/08/2023 Ranbiz

Farmers in the U.S. are closely connected to developments in Ukraine and are intently watching for clues about how the war is affecting not only farmers abroad, but also their…

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APEC Nations May Benefit From US-China Tensions

11/07/2023 Ranbiz

Many members of the Asia-Pacific Economic Cooperation bloc may profit from the trend of U.S. companies moving production out of China and into countries with a solid relationship with the…

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African Businesses Navigate Trade With US and China

11/07/2023 Ranbiz

African leaders are pushing for renewal of a preferential U.S. trade policy, set to expire in 2025, that allows them duty-free access to the U.S. market. Kate Bartlett spoke with…

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