Elon Musk files another notice to terminate Twitter acquisition, citing additional reasons
Elon Musk filed another notice on Tuesday to terminate his acquisition of Twitter, citing additional “undisclosed” reasons.
Financial News
Chinese tech giants had their worst quarterly growth on record, thanks to Beijing’s zero-Covid policy
In the second quarter, Alibaba posted its first ever flat year-on-year quarterly revenue growth and Tencent reported its first sales decline on record.
NASA is set to launch the Artemis 1 mission on its most powerful rocket yet — here’s what you should know
The uncrewed Artemis I launch marks the debut of the most powerful rocket ever assembled and kicks off NASA’s long-awaited return to the moon’s surface.
Powell warns of ‘some pain’ ahead as the Fed fights to bring down inflation
Fed Chairman Jerome Powell warned that he expects the central bank to continue raising rates in a way that will cause “some pain” to the economy.
UK energy bills to rise by 80% in October as regulator announces hike
The government has been criticised for failing to provide enough support to shield consumers from “catastrophic” price rises.
Sony hikes the price of its PlayStation 5 console because of soaring inflation
Sony on Thursday raised the recommended retail price of its PlayStation 5 games console in several international markets citing the global economic environment.
Iran’s pivot to China and Russia means a nuclear deal would now look very different, professor says
A new version of the Iran nuclear deal would be very different from the original, said Djavad Salehi-Isfahani, an economics professor at Virginia Tech.
Euro trades at two-decade low against the dollar. And some think it could slide much further
The euro fell to a two-decade low of 0.9903 against the U.S. dollar and strategists predict further euro depreciation in the coming months.
Brits face substantial energy bill increases. Here’s what’s happening and what help could be coming
Policy moves to tackle a looming crisis are being debated but not enacted as the nation waits for the Conservative Party to choose the new prime minister.
Wages are now the hottest inflation signal. Here’s what that means for the Federal Reserve and the markets
Inflation is hottest in the job market as consumer and producer price data eases, and the Fed will be watching wage growth closely as rate hikes continue.