MV TELEGRAPH DAILY NEWS
A South Korean soldier guards the border with North Korea in Panmunjom on December 3, 2019. Stephan Schulz Image Alliance via Getty Images WASHINGTON — The Pentagon said Tuesday it was aware that a US serviceman “deliberately” and “without authorization” crossed the inter-Korean border and is currently in North Korean custody. US authorities are working …
Continue reading “US troopers arrested after crossing border into North Korea”
Two large oil tankers unload at the 300,000-ton crude oil terminal in Yantai port, east China’s Shandong province, 9 July 2023. Future Publishing | Future Publishing | Getty Images The International Energy Agency on Thursday lowered its forecast for global oil demand growth for the first time this year, citing a deteriorating economic outlook that …
Continue reading “IEA cuts demand forecast amid ongoing financial issues”
Chicago Federal Reserve Chairman Austan Goolsbee said Friday he’s confident inflation can be contained without a recession, even if more rate hikes are likely. Speaking to CNBC after the release of June’s nonfarm payrolls report, he said continued job growth is part of the Fed’s “golden road” to restoring price stability without hurting the economy. …
Car buyers like luxury Well before the Covid-19 pandemic, consumer tastes increasingly began to shift from sedans to more expensive SUVs and trucks. Then car buyers piled on options like high-tech touchscreens, ambient lighting, 360-degree cameras, and heated and cooled seats. “There’s a feature war going on,” said Ivan Drury, director of insights at Edmunds. …
Continue reading “Why it is nearly unattainable to discover a automobile for lower than $30,000”
Malaysian sovereign wealth fund Khazanah Nasional is rebalancing its investment portfolio to make it more resilient to market volatility, according to its chief executive. Khazanah’s net asset value fell 5% year-on-year to 81 billion ringgit ($17.4 billion) in 2022, reflecting downtrends in the global market, the fund said in March. The Kuala Lumpur-based fund invests …
The Federal Trade Commission filed a lawsuit Wednesday Amazonwith allegations that the country’s leading online retailer deliberately tricked millions of consumers into signing up for its flagship Prime program and “sabotaged” their attempts to unsubscribe. The agency alleges that Amazon violated the FTC Act and the Restore Online Shoppers’ Confidence Act by using so-called dark …
Continue reading “FTC sues Amazon over ‘fraudulent’ Prime signup and cancellation course of”
Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), looks on during the opening session of the UNFCCC SB58 Bonn Climate Change Conference June 5, 2023 in Bonn, Germany. Andreas Rentz Getty Images News | Getty Images Negotiators left the United Nations campus in Bonn this week with a palpable …
Continue reading “Local weather talks in Bonn stall over cash, rising strain on COP28”
Shipping containers in the Port of Seattle. Patti Domm | CNBC On the West Coast, industrial action continues after it was announced that the Port of Seattle will be closed because the International Longshore and Warehouse Union (ILWU) refuses to send workers to work at the container terminals. This comes from a statement from the …
Continue reading “The Port of Seattle was closed resulting from labor disputes on the ILWU”
Writers demonstrate in front of Netflix on Sunset Boulevard in Hollywood, California during the Writers Guild of America strike on May 2, 2023. Frederic J Brown | Afp | Getty Images Hollywood producers have reached a tentative agreement with film and TV directors, but that doesn’t mean we should expect a sudden resolution of the …
Lengths of pipe wait to be laid underground along the Mountain Valley Pipeline under construction near Elliston, Virginia, September 29, 2019. Charles Mostoller | Reuters A bipartisan debt-limit bill introduced over the weekend by President Joe Biden and House Republicans would speed up approval of all permits for a natural gas pipeline in West Virginia …
