It is gone. A giant, glowing X no longer marks the spot on the San Francisco high-rise that is headquarters to Elon Musk’s messaging company X, formerly known as Twitter. The city building department logged 24 complaints after a weekend of the big X, which on Friday was erected on the roof of the company’s […]
Uber Technologies on Tuesday forecast third-quarter operating profit above Wall Street expectations as it sees growing demand for ride hailing due to strong leisure travel trends and gradual return to in-office work. The San Francisco-based company’s shares rose about 4% in premarket trading, while rival Lyft’s shares increased 2%, as Uber also reported a surprise second-quarter […]
Caterpillar Inc warned of a fall in third-quarter sales and margins on Tuesday as dealer inventories rose again, stoking worries that demand for its heavy machinery used in everything from construction to mining may have peaked. Cost controls and price increases have protected profits amid persistent supply-chain disruptions and inflationary pressures, but analysts have flagged that […]
Natural disasters can shape global financial investment. This column employs a dataset that spans 2009-2019 to study the effect of extreme natural events on global financial flows. The authors find that when disasters strike, investors reduce their net flows to mutual funds exposed to affected countries only if the latter are emerging economies at higher […]
Aquaculture – the farming of aquatic animals and plants – is considered a resource-use efficient way for providing relatively low-cost protein to humans and key among climate smart, resource efficient food production systems. The new AquaInvest Platform at the World Bank complements efforts elsewhere to boost food and nutritional security. The Platform emphasizes that aquaculture should be […]
Five years ago, in 2018, the World Bank published its first World Development Report (WDR) on Education, Learning to Realize Education’s Promise. At its core was the belief that across the world, education was in crisis. The strides that many countries had made in improving access to schooling for millions of children were not translating into […]
Recent tensions between the US and China, the Covid-19 pandemic, and the Russia-Ukraine war have put pressure on trade integration efforts. This column estimates that fragmentation into three trade blocs – a Western, an Eastern, and a Neutral bloc – would have important effects on trade between them, reducing trade flows by 22–57% in the […]
The U.S. Securities and Exchange Commission had asked Coinbase to stop trading in all cryptocurrencies except bitcoin before suing the cryptocurrency platform in June, the Financial Times reported on Monday, citing CEO Brian Armstrong. “We really didn’t have a choice at that point. Delisting every asset other than bitcoin, which by the way is not what […]
U.S. automaker Tesla is set to cut prices on multiple variants of its Model 3 and Model Y vehicles in Hong Kong from Aug. 4, Hong Kong Economic Times reported on Monday. The discounts would range from 6% to 11.9%, according to the report. Source : Reuters
A giant, glowing X marks the San Francisco spot where Elon Musk says he plans to keep his company, the messaging platform X, formerly known as Twitter. But city officials and some residents are unhappy with the display. On Friday, the company erected an “X” logo on the roof of its Market Street headquarters, to […]
