The White House held a classified briefing on Wednesday with some U.S. lawmakers on the dire risks to the American economy from semiconductor supply chain issues as it pushes Congress for $52 billion in funding to subsidize production. White House National Economic Council Director Brian Deese told reporters “the best estimates are the lack of […]
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The U.S. dollar’s share of world currency reserves continues to ebb slowly – but reserve stashes are only one measure of its dominance of global finance, and there’s no realistic scenario where that gets derailed any time soon. Central banks and private businesses need their rainy day funds to be in liquid assets that are […]
Pitchers and catchers this season will be able to use a new wearable technology that allows them to communicate what pitch to throw next in an effort to minimize sign stealing and speed the pace of play, Major League Baseball said on Tuesday. “PitchCom” equips the catcher with an electronic transmitter on his wrist that […]
Twitter Inc said on Tuesday it will offer Elon Musk a seat on its board of directors, a position the Tesla boss and entrepreneur plans to use to bring about significant improvements at the social media site after disclosing a sizeable holding. Musk reported in a regulatory filing on Monday that he had amassed a […]
Drastic cuts to fossil fuel use. Growing forests and eating less meat. These are just some of the actions needed in this decade to contain global warming to 1.5 degrees Celsius above preindustrial temperatures, a major report by the U.N. climate science agency said Monday. Despite climate change warnings issued by the Intergovernmental Panel on […]
The benchmark S&P 500 index rose on Monday, boosted by megacap tech and growth stocks and a surge in Twitter after Elon Musk revealed his stake in the company, amid cautionary signals in the bond market and talk of more sanctions against Russia over Ukraine. Defensive sectors, such as utilities and healthcare, lagged. Shares of […]
As we bid 2021 farewell, the takeaway from this eventful year is that we should learn to cling to the wave of change that accompanies the human race and, with it, the wave of endless innovations. 2021 came, and along came the never-ending opportunities of financial innovation to evolve as a race and clutch to […]
JPMorgan boss Jamie Dimon warned on Monday that the bank could lose about $1 billion on its Russia exposure, the first time it has detailed the extent of its potential losses resulting from the conflict in Ukraine. In his keenly watched annual letter to shareholders, the chairman and chief executive of the biggest U.S. bank […]
Pandemic-related supply chain problems slowed the rollout of new wind power in 2021, as the sector lags far behind the capacity needed to curb greenhouse gas emissions and meet net zero emission targets, an industry report said on Monday. The Global Wind Energy Council (GWEC) report comes ahead of a U.N. report to be published […]
Ooredoo is the leading telecom operator in Qatar and one of the longest-serving communications service providers in the region. Formerly known as Qatar Telecom (Qtel), it adopted the new brand of “Ooredoo” in March 2013. It is mainly owned by the Qatari government or affiliated organizations, at a sum of 69 percent. It is classified […]