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US Economy Shrinks 1.4% in Last Three Months

04/28/2022 Ranbiz

The U.S. economy unexpectedly shrank 1.4% in the first three months of 2022 compared to a year ago, the government reported Thursday, raising fears that the world’s largest economy could…

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Musk’s Twitter Ambitions Likely to Collide with Europe’s Tech Rules 

04/27/2022 RanIT

A hands-off approach to moderating content at Elon Musk’s Twitter could clash with ambitious new laws in Europe meant to protect users from disinformation, hate speech and other harmful material. …

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Elon Musk Quest to Scrap Deal Over 2018 Tweets is Rejected

04/27/2022 RanIT

Elon Musk’s request to scrap a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private was denied by a federal judge in New…

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Tesla Value Falls $126 Billion Amid Musk Twitter Deal Funding Concerns 

04/27/2022 Ranbiz

Tesla lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his…

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US Laboratory Innovating Electronic Vehicle Technology 

04/26/2022 RanIT

Many of the technological advances in lithium ion batteries that now power many electric vehicles began in a laboratory just outside Chicago’s city limits decades ago.  VOA’s Kane Farabaugh reports…

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Robotics Company Makes Sensor-Packed Filmmaking Equipment  

04/26/2022 RanIT

Sensor-packed robots are changing how movies and commercials are made. Deana Mitchell has the story. …

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Zimbabwe Loaf of Bread Now Costs $2, a 100% Increase Since Russia Invaded Ukraine 

04/26/2022 Ranbiz

One of the citizens feeling the pinch of rising prices in Zimbabwe is Christine Kayumba. She says she can’t afford to buy bread for her four dependents on her salary…

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More Free Speech or More Misinformation? Reactions Mixed to Twitter Sale 

04/26/2022 RanIT

Tesla CEO Elon Musk’s $44 billion deal to buy Twitter Monday met mixed reactions as observers speculated how digital speech on the service might change under his leadership.  Musk, a…

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 Twitter CEO Says Company Direction Uncertain After Musk Deal 

04/26/2022 RanIT

Twitter CEO Parag Agrawal told employees Monday that he is uncertain of the direction the company will go after Tesla CEO Elon Musk takes over.     Musk reached an agreement…

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Twitter’s Board Negotiates with Elon Musk Over Bid to Buy Platform

04/25/2022 RanIT

The board of Twitter is negotiating with Tesla CEO Elon Musk over his bid to buy the social media giant.  Media reports Monday said the two sides are close to…

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Workers Make Gains as ‘Great Resignation’ Tightens Labor Markets

04/23/2022 Ranbiz

When the coronavirus pandemic hit New Orleans in March 2020, Jeremy Fogg, an executive pastry chef at a popular local restaurant, suddenly found himself without a job. Fogg was far…

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Ukraine War Adds to Supply Strain in Global Auto Industry

04/22/2022 Ranbiz

A global shortage of microchips is only a part of the difficulty roiling the global automotive industry. As more drivers return to work as pandemic restrictions ease — increasing demand…

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Elon Musk Appears to Have Secured Financing for Twitter Tender Offer

04/21/2022 RanIT

According to papers filed with U.S. securities regulators, billionaire Elon Musk appears ready to continue his bid to take over Twitter, this time via a tender offer that would bypass…

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Tourists Return to Kashmir as COVID Wanes

04/21/2022 Ranbiz

Tourist operators in the Indian-administered Kashmir Valley are celebrating a return of visitors after several lean years prompted by COVID-19 and — before that — unrest over India’s revocation of…

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Elon Musk’s Tesla Races Ahead of Rising Costs With Price Hikes

04/21/2022 Ranbiz

Tesla, Inc. results surged past Wall Street expectations Wednesday, as higher prices helped insulate the electric vehicle maker from supply chain chaos and rising costs. The results also should trigger…

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US, Canada, UK Walk Out of G-20 Meeting Over Russia’s Participation

04/21/2022 Ranbiz

Senior leaders of the United States, Canada and the United Kingdom walked out of a meeting of the Group of 20 major economies on Wednesday in protest of the G-20’s…

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South Africa Floods Could Hurt China Trade 

04/20/2022 Ranbiz

Some of the worst flooding in South Africa’s history has left more than 400 people dead and some 40,000 displaced, dealing a devastating blow to the eastern city of Durban,…

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Will Rescuing Middle America Save Democracy?

04/20/2022 Ranbiz

Closing the economic divide in the hard-hit industrial Midwestern United States could dampen the fervor of anti-democratic populism, a new working paper suggests. Populism is ascribed to political movements that…

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Russia-Ukraine War Slowing Global Economic Recovery

04/20/2022 Ranbiz

The International Monetary Fund has slashed its forecast for global economic growth to 3.6% this year, saying Russia’s war in Ukraine threatens a fragile recovery from disruptions caused by the…

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Autonomous Tractors May Signal Changes in Farming

04/19/2022 RanIT

Farmers across the country and around the world might one day leave the confines of their tractor cabs and operate autonomous tractors remotely through an app. But will farmers, big…

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IMF Predicts Slower Economic Growth Due to Russia-Ukraine War

04/19/2022 Ranbiz

The world economy will grow at a slower pace because of Russia’s invasion of Ukraine, the International Monetary Fund said in a report Tuesday. The organization forecasts growth of 3.6%…

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Biden to Require US-made Steel, Iron for Infrastructure 

04/19/2022 Ranbiz

The Biden administration is taking a key step toward ensuring that federal dollars will support U.S. manufacturing — issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure…

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Tesla Stockholders Ask Judge to Silence Musk in Fraud Case 

04/18/2022 RanIT

A group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on…

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US Intelligence Satellite Launched From California

04/17/2022 RanIT

A classified satellite for the U.S. National Reconnaissance Office was launched into space from California on Sunday.  The NROL-85 satellite lifted off at 6:13 a.m. local time from Vandenberg Space…

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How Audiences in Authoritarian Countries Can Bypass Censorship

04/16/2022 RanIT

Russia is clamping down on news and the internet. Overseas media organizations and activists are finding new ways in. …

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Ransomware Attacks: Hackers Endanger Critical US Infrastructure    

04/16/2022 RanIT

Even before Russia’s invasion of Ukraine, U.S. officials warned about cyberattacks originating in Russia against critical American infrastructure. Now, U.S. security agencies are increasingly cracking down on the networks used…

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