Sales of new US single-family homes dropped to the lowest level in nearly two years in October, likely as a rise in mortgage rates drove buyers to the sidelines and hurricanes disrupted activity. New home sales plunged 17.3% to a seasonally adjusted annual rate of 610,000 units last month, the lowest level since December 2022,…
Vang Vieng, Laos – The streets of Vang Vieng are quieter than usual as global scrutiny falls on the backpacker hotspot following the deaths of six foreign tourists from suspected methanol poisoning. Across from Nana Backpackers Hostel, where all six victims stayed before falling ill, a local tuk-tuk driver sits…
World’s popular digital currency rises as high as $99,073 on expectations Trump will ease legal and regulatory hurdles. Bitcoin is nearing the $100,000 mark as crypto enthusiasts bet that United States President-elect Donald Trump will usher in a more welcoming regulatory environment for digital assets. The world’s most popular digital…
Trump allies say they will ‘liberate individuals and businesses from illicit regulations never passed by Congress’. Elon Musk and Vivek Ramaswamy, United States President-elect Donald Trump’s incoming “efficiency” tsars, have outlined plans for a “drastic reduction” in regulations and “mass head-count reductions”. In an op-ed in the Wall Street Journal…
Hwang had been convicted in July on 10 criminal charges including wire and securities fraud, market manipulation. Former billionaire investor Sung Kook “Bill” Hwang has been sentenced to 18 years in prison over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10bn. Hwang was sentenced…
Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. On Wednesday authorities charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani…
Comcast will spin off many of its cable television networks that were once at the heart of the entertainment giant as people increasingly swap out their cable TV subscriptions for streaming platforms. Those one-time stars of Comcast’s NBCUniversal cable television networks include USA, Oxygen, E!, SYFY and the Golf Channel…
Presidents of China and Brazil hail ‘new phase’ in relations between two countries, which are major trading partners. Chinese President Xi Jinping and his Brazilian counterpart Luiz Inacio Lula da Silva have inked dozens of trade and development deals, as the pair held talks in Brazil’s capital aimed at deepening…
Half of survey respondents also say mining giant’s workplace culture has improved ‘a lot’ or ‘a little’. More than one-third of workers at Rio Tinto experienced bullying in the previous 12 months, a progress review has found, nearly three years after the mining giant pledged to tackle pervasive sexism and…
Elon Musk, the world’s richest man, launched the sixth test of his SpaceX rocket with United States President-elect Donald Trump joining him to watch. Trump and Musk travelled to Brownsville, Texas, on Tuesday to attend the launch of the giant Starship rocket at SpaceX’s test site in nearby Boca Chica….
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