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Month: August 2024

International Youth Day puts South Asia’s skills gap in sharp focus

08/13/2024 Ranbiz

Washington — South Asia’s youth bulge is a ticking time bomb. A demographic dividend looms, but millions of young people lack the job skills to cash in, choking the region’s economic…

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Ocean could lie beneath Mars’ surface, study says

08/12/2024 RanIT

…

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New Zealand to loosen gene editing regulation, make commercialization easier

08/12/2024 RanIT

WELLINGTON, New Zealand — The New Zealand government said Tuesday that it would introduce new legislation to make it easier for companies and researchers to develop and commercialize products using gene…

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US officials to travel to China for economic meetings

08/12/2024 Ranbiz

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Americans’ refusal to keep paying higher prices may be dealing a final blow to US inflation spike 

08/12/2024 Ranbiz

Washington — The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon…

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China test-flies biggest cargo drone as low-altitude economy takes off

08/12/2024 RanIT

beijing — Engineers sent China’s biggest-yet cargo drone on a test run over the weekend while a helicopter taxi took to the skies on a soon-to-open 100-km route to Shanghai, laying new milestones for…

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Global youth unemployment falls to 15-year low, but post-COVID recovery uneven

08/11/2024 Ranbiz

Geneva — Global youth unemployment rates fell to 13% in 2023, a 15-year low. But a new study by the International Labor Organization warns the post-COVID economic recovery is uneven, with…

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Wall St Week Ahead — Rollercoaster week in US stocks leaves investors braced for bumps ahead 

08/11/2024 Ranbiz

New York — A week of wild market swings has investors looking ahead to inflation data, corporate earnings and presidential polls for signals that could soothe a recent outbreak of turbulence…

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Chinese tax collectors descend on companies as budget crunches loom

08/11/2024 Ranbiz

BEIJING — Chinese authorities are chasing unpaid taxes from companies and individuals dating back decades, as the government moves to plug massive budget shortfalls and address a mounting debt crisis. More…

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China’s drivers fret as robotaxis pick up pace – and passengers

08/10/2024 RanIT

WUHAN, China — Liu Yi is among China’s 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work slowed in the face of a…

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Flying electric taxis, personal aircraft prepare for takeoff

08/09/2024 RanIT

Flying cars, long the dream of futurists, may finally be here. From California, Matt Dibble has our story about the rise of electric aircraft. …

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UN approves its first treaty targeting cybercrime

08/09/2024 RanIT

United Nations — U.N. member states on Thursday approved a treaty targeting cybercrime, the body’s first such text, despite fierce opposition from human rights activists who have warned of potential surveillance…

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Microsoft: Iran accelerating cyber activity in apparent bid to influence US election

08/09/2024 RanIT

NEW YORK — Iran is ramping up online activity that appears intended to influence the upcoming U.S. election, in one case targeting a presidential campaign with an email phishing attack, Microsoft…

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President Maduro suspends X social network in Venezuela for 10 days

08/09/2024 RanIT

CARACAS, Venezuela — President Nicolás Maduro said he has ordered a 10-day block on access to X in Venezuela, accusing the owner Elon Musk of using the social network to promote…

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US stock markets rally; S&P 500 sees best day since 2022

08/08/2024 Ranbiz

NEW YORK — U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about a slowing economy.  The S&P 500 jumped 2.3% for…

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World’s largest 3D-printed neighborhood nears completion in Texas

08/08/2024 RanIT

GEORGETOWN, Texas — As with any desktop 3D printer, the Vulcan printer pipes layer by layer to build an object – except this printer is more than 45 feet (13.7 m)…

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Drones warn New Yorkers about storm dangers

08/07/2024 RanIT

NEW YORK — Gone is the bullhorn. Instead, New York City emergency management officials have turned high-tech, using drones to warn residents about potential threatening weather. With a buzzing sound in…

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Musk’s X sues advertisers over alleged ‘massive advertiser boycott’

08/06/2024 RanIT

wichita falls, texas — Elon Musk’s social media platform X has sued a group of advertisers, alleging that a “massive advertiser boycott” deprived the company of billions of dollars in revenue…

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Wall Street rallies to bounce back from its worst day in nearly 2 years, as Japanese stocks soar 

08/06/2024 Ranbiz

New York — U.S. stocks are bouncing back, and calm is returning to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst…

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Wall Street steadies after its worst day in nearly 2 years, and stocks are mixed

08/06/2024 Ranbiz

New York — Some calm is returning to Wall Street, and U.S. stocks are holding steadier after Japan’s market soared earlier Tuesday to bounce back from its worst loss since 1987.…

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Japan’s Nikkei 225 soars 10% and other world markets are mixed after the week’s rollercoaster start

08/06/2024 Ranbiz

Bangkok — Japan’s benchmark Nikkei 225 index soared more than 10% on Tuesday, rebounding after a rollercoaster start to the week that sent markets tumbling in Europe and on Wall Street.…

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Secretaries of state urge Elon Musk to fix AI chatbot spreading election misinformation on X

08/05/2024 RanIT

Chicago — Five secretaries of state are urging Elon Musk to fix an AI chatbot on the social media platform X, saying in a letter sent Monday that it has spread…

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Google loses massive antitrust case over its search dominance

08/05/2024 RanIT

Washington — A judge on Monday ruled that Google’s ubiquitous search engine has been illegally exploiting its dominance to squash competition and stifle innovation in a seismic decision that could shake…

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Official: Iran smuggles ‘5 to 6 million liters’ of oil into Pakistan daily

08/05/2024 Ranbiz

Islamabad — Pakistan’s military revealed Monday that millions of liters of Iranian oil are being smuggled into the country each day, but rejected long-standing allegations that it is also playing a…

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World stocks plunge on fears of US economic slowdown

08/05/2024 Ranbiz

New York — Stock markets across the globe plunged Monday as investors sold stocks on worries that the U.S. economy, the world’s largest, might be slowing and possibly headed to a…

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Dow drops nearly 1,000, and Japanese stocks suffer worst crash since 1987 on US economy fears

08/05/2024 Ranbiz

New York — Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world. The…

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