5 October 2022
Chicago 12, Melborne City, USA
Business

Seventeen children among the dead in Indonesian soccer stampede By Reuters

5/5 © Reuters. Candles, petals, and incenses placed by Arema FC supporters are seen during a vigil to pay condolence to the victims of a riot and stampede following a soccer match between Arema FC and Persebaya Surabaya teams, outside the Kanjuruhan Stadium, in Malang, 2/5 By Prasto Wardoyo MALANG, Indonesia (Reuters) – Seventeen children […]

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Business

Federal Reserve gets serious about ending the party in Q3, asset valuations fall

JimVallee During the third quarter of 2022, the Federal Reserve jacked up its key policy rate by 150 points across two meetings, accounting for half of its rate hikes since it started tightening policy in March. That, and Fed officials’ insistence that they’ll keep rates higher for longer to beat down inflation, put a damper […]

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Business

JD.com founder and billionaire Liu settles U.S. rape civil suit

Richard Liu, the founder of Chinese e-commerce giant JD.com, will step down from his role as CEO. His departure comes after a number of high-profile technology founders exited their leadership positions amid Beijing’s regulatory crackdown on its domestic tech sector. VCG | Visual China Group | Getty Images Billionaire Richard Liu, founder of one of […]

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Business

Wastewater monitoring is the ‘public health dream’ that raises big ethical questions

Scientists have spent an inordinate amount of time during the COVID pandemic sifting through sewage—an attempt to consult the so-called “oracle in the toilet” as to what the virus holds next. Their goal: trace the level of COVID in human waste to gauge its spread in individual cities and states. Scientists are even able to […]

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Business

174 die in Indonesian football riot in one of sport’s worst disasters

At least 174 people have been killed after a riot and stampede at a football game in Indonesia in one of the deadliest disasters in the history of the sport, according to government officials. The disaster, in which at least 180 people were also injured, prompted the country’s president Joko Widodo to halt top-tier matches […]

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Business

Stampede, riot at Indonesia soccer match kill 129, police say By Reuters

By Stanley Widianto and Stefanno Sulaiman JAKARTA (Reuters) -At least 129 people were killed and around 180 injured at a soccer match in Indonesia after a crowd stampede during a riot, police said on Sunday, in what appears to be one of the world’s worst stadium disasters. When supporters of the losing home team invaded […]

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Business

For European pharmas, poor Q3 performance makes the quarter one to forget (NYSE:GSK)

AlexLMX/iStock via Getty Images Like most of the rest of the stock market, the third quarter is one to forget for major European pharmaceutical companies. In Q3 2022, the S&P 500 was down ~5%. The SPDR MSCI Europe Health Care UCITS ETF, whose primary listing on Euronext Paris (ticker: STW), fared even worse, down 8% […]

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Business

The 10 least popular U.S. states to move to in 2022

A recently released report, moveBuddha, a relocation tech company, ranked the least popular states to move to in 2022. The 2022 Mid-Year Migration Report used data collected from January 1 to July 5, 2022, via the company’s moving cost calculator. moveBuddha compared the inflow to the outflow of people state to state to see which […]

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Business

A huge number of ‘Zombie’ companies are drowning in debt. This CEO sees a reckoning as interest rates soar

Zombies are real. Well, at least “zombie companies” are real. Loosely defined as economically unviable firms that need to borrow to stay alive, an era of cheap money and high-risk investing has fueled the rise of the walking dead in the business world over the past decade.  David Trainer, the CEO of the investment research […]

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Business

Tesla CEO Elon Musk showcases humanoid robot at event By Reuters

© Reuters. FILE PHOTO: A humanoid robot developed by Tesla, known as Tesla Bot or Optimus, is shown in a frame grab from the live video of Tesla’s AI Day streamed on August 20, 2022. Tesla/Handout via REUTERS By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla CEO Elon Musk showcased his much-touted humanoid robot ‘Optimus’ at […]

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