Tuesday, January 18, 2022

Business

Venezuelan economy returns to growth as price rises slow

Venezuela’s economy is showing signs of recovery, its president has claimed, after five years of acute economic crisis and hyperinflation. Nicólas Maduro told the country’s congress that the economy grew 7.6 per cent in the third quarter of last year...

Walmart is quietly preparing to enter the metaverse

Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of nonfungible tokens, or NFTs. The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell...

Fauci says it’s still an ‘open question’ whether omicron spells Covid endgame

White House chief medical advisor Dr. Anthony Fauci said Monday it is still too soon to predict whether the omicron Covid-19 variant will mark the final wave of the coronavirus pandemic. “It is an open question whether it will be...

Latin America’s currencies signal economic damage despite commodities boom

What was good for copper was good for Chile’s peso. The fortunes of the currency of the world’s largest copper exporter were closely tied to the price of its main export. Last year the pattern broke. World copper prices rose...

Peloton is about to tack on hundreds of dollars in fees to its Bike and treadmill, citing inflation

Peloton is about to begin effectively charging customers more for its original Bike and Tread products, citing rising inflation and heightened supply chain costs. Beginning Jan. 31, the company will be asking customers to pay an additional $250 for delivery...

Johnson draws up survival plan as calls to quit grow louder

Boris Johnson is facing a perilous week as Conservative MPs return to Westminster after being deluged with demands from local party members and voters that they force the prime minister out of office. Johnson has drawn up a plan to...

Mental healthcare capacity for UK teens falls sharply during pandemic

The number of mental healthcare beds for teenagers in England has declined sharply during the coronavirus pandemic as private providers cut capacity despite a surge in demand for treatment. The availability of hospital beds for children and teenagers with mental...

‘Anti-intellectualism’ is disrupting global response to Covid, says Eli Lilly chief

One of America’s top pharmaceutical executives has warned that a growing climate of anti-intellectualism is blighting the global response to Covid-19, and questioned whether policymakers are capable of preparing the public for the next pandemic. David Ricks, chief executive...

Ukraine cyber assault ‘a part of Russian playbook’, says prime US diplomat

A senior US official stated a large-scale cyber assault towards Ukraine on Friday was a “tried and true a part of the Russian playbook”, as Washington ramped up warnings that Moscow was setting the stage for a attainable invasion...

Boris Johnson’s future on knife edge after apology to Queen for lockdown celebration

Boris Johnson’s tenure as prime minister stands on a knife edge as cupboard ministers and supporters expressed doubts that he would survive a scandal over Downing Avenue lockdown events that prompted an apology to the Queen. Downing Avenue stated it...
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British troops sent to Ukraine: Soldiers and hi-tech weapons on way amid fears of Russian invasion

Britain last night sent troops and hi-tech weapons to Ukraine in a bid to thwart a feared Russian invasion.In...
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