US prosecutors drop charges against MIT professor over China ties | Business and Economy News

“While I am relieved that my ordeal is over, I am aware that China’s terribly misleading initiative continues to bring unwarranted fear into the academic community and that other scholars continue to face accusations,” Gang Chen said in a statement. by David Furiacos and Patricia HurtadoBloomberg Posted on January 20, 2022January 20 2022 US prosecutors … Read more

Oil’s rally falters as stockpiles rise, Biden pledges support | Oil and Gas News

US President Joe Biden said this week that he will take action to bring down high prices. by Julia Vanziris and Devika Krishna KumarBloomberg Posted on January 20, 2022January 20 2022 Oil’s rally faltered after a slight rise in US crude inventories, amid President Joe Biden’s renewed pledges to try to curb prices. New York … Read more

Amazon to open its first-ever clothing store at a California mall | Retail News

Retail experts say getting into malls could become another threat to sellers of traditional clothing because of the data and insights of shoppers that Amazon may gain. First, Amazon competed with malls. Now, it’s moving inside one. The online retail giant said Thursday that it plans to open a clothing store in a Southern California … Read more

Netflix misses subscriber target, shares fall on weak forecast | Television News

During the October-December reporting season, the world’s largest streaming service released the star-studded films Red Notice and Don’t Look Up. Netflix Inc did not meet Wall Street’s expectations for new subscribers at the end of last year and delivered a weaker-than-expected forecast in early 2022 as rivals cemented the battle for TV viewers. The world’s … Read more

Russia’s central bank proposes ban on crypto mining and trading | Crypto News

The Central Bank of Russia has proposed a comprehensive ban on the use and creation of all cryptocurrencies within one of the world’s largest mining countries, citing the risks to the country’s financial system and environment. The central bank said in a report on Thursday that the cryptocurrency bears the hallmarks of a pyramid scheme … Read more

Is Musk’s brain implant company moving closer to human trials? | Science and Technology News

Neuralink, Elon Musk’s brain implant company, is hiring a clinical trial manager. by Sarah McBrideBloomberg Posted on January 20, 2022January 20 2022 Elon Musk’s brain implant company Neuralink is hiring a director of clinical trials, an indication that the company’s long-term goal of implanting chips in human brains is getting closer. The role of trial … Read more

US jobless claims rise as Omicron weighs on labour market | Unemployment News

The number of Americans who filed for unemployment benefits last week jumped to the highest level since mid-October. The number of people in the United States filing claims for unemployment benefits rose sharply last week, suggesting that the rapidly spreading Omicron variant of COVID-19 is negatively impacting the labor market recovery. The US Bureau of … Read more

Turkey’s central bank hits pause, leaves interest rates unchanged | Business and Economy News

Turkey’s central bank voted to temporarily halt its easing cycle that began in September and saw the lira collapse. Turkey’s central bank ended its latest policy meeting by keeping interest rates on hold, halting the cycle of cuts that began last September and which economists have warned is plunging the country into a deep economic … Read more

Israel police chief orders probe into NSO spyware claims | Police News

The police commissioner said an internal investigation of the police force using NSO’s spyware has not resulted in cases of illegal surveillance. Israel’s police chief said he has ordered an extensive investigation into a newspaper’s allegations that police forces used controversial Israeli spyware to hack into the phones of protesters, mayors and other citizens under … Read more

Progress or folly? Jokowi’s vision for Indonesia’s new capital | Infographic News

Medan, Indonesia – When Indonesian President Joko “Jokowi” Widodo announced a surprise plan to relocate the country’s capital during his annual address to the nation on August 16, 2019, he outlined a grand vision. “The capital is not only a symbol of national identity, but also a representation of the nation’s progress,” he said, just … Read more