Sri Lanka, which is mired in a deep political and economic crisis, has announced it is suspending payments on its $51bn foreign debt. The island nation of 22 million people is experiencing acute shortages of food, fuel and other essentials, a crisis that has inflicted widespread misery in the worst downturn since independence from the United Kingdom in 1948. Sri Lanka…
Category: World
The Man Behind Ethereum Is Worried About Crypto’s Future
In a few minutes, electronic music will start pulsing, stuffed animals will be flung through the air, women will emerge spinning Technicolor hula hoops, and a mechanical bull will rev into action, bucking off one delighted rider after another. It’s the closing party of ETHDenver, a weeklong cryptocurrency conference dedicated to the blockchain Ethereum. Lines…
USA BANS RUSSIAN OIL
Biden says U.S. will ban Russian oil imports in response to Putin’s invasion of Ukraine KEY POINTS President Joe Biden announced that the U.S. will ban imports of Russian oil, a major escalation in the international response to Moscow’s invasion of Ukraine. The move came as Western-allied nations work to sever Russia from the global…
FUHRER 2022
By 1939, parts of Czechoslovakia had already been carved off and taken over by Nazi Germany, which claimed that millions of ethnic Germans were being persecuted there. The previous September, European powers, seeking to avoid war, had acquiesced and done nothing. But six months later, German troops were massed on the Czech border, as Nazi…
Turns out the real threat to ‘norms’ was the Hillary Clinton campaign
From the perspective of several years ago, it’s the stuff of an implausible political thriller or a conspiratorial YouTube account. One presidential campaign spies on another as part of a broad effort to get government agencies to pick up the baton and launch a high-stakes investigation of the new president that hampers his first years…
Box Office: ‘Jackass Forever’ Catapults to No. 1 as ‘Moonfall’ Craters
After living through nearly two years of a pandemic that won’t end, Americans, as it turns out, were in desperate need of a laugh. That may explain why Paramount’s go-for-broke action comedy “Jackass Forever” triumphed at the domestic box office while Roland Emmerich’s disaster epic “Moonfall” turned into an epic disaster. “Jackass Forever,” the fourth…
ZUCKER OUT AT CNN RELATIONSHIP WITH COLLEAGUE ‘I WAS WRONG’
CNN President Jeff Zucker resigns over consensual relationship with key lieutenant CNN Worldwide president Jeff Zucker, the influential news executive who reshaped the iconic network, announced Wednesday morning that he has resigned from his position effective immediately. Zucker’s stunning announcement came less than two months after he fired prime time anchor Chris Cuomo for improperly…
Apple Posts Record Quarterly Results Despite Parts Shortages
Apple Inc. posted quarterly results Thursday that shattered previous records, answering the concerns of jittery investors about the toll supply chain constraints are having on the world’s biggest company. Chief Executive Tim Cook said in an interview those challenges are improving. Shares rose more than 4% after markets closed Thursday in New York, following Apple’s report that…
Bring a Trailer sold $829M in cars in 2021, walloping auction houses
A record-breaking $1.9 million Porsche sale isn’t the only big news from Bring a Trailer these days. In 2021 the online car auction site sold $828.7 million worth of cars, a 108% gain over the $398 million it sold in 2020 — and a full quarter-billion dollars ahead of its closest live-auction-house competitor. The news soundly beats the…
World Hits Record Daily Covid Cases as Omicron Mars Christmas
Global Covid-19 cases hit a daily record on Monday, disrupting the holiday season a year after vaccines first started rolling out and two years after the emergence of the virus that many hoped would be fleeting. Most Read from Bloomberg Coronavirus Can Persist for Months After Traversing Body CDC Reduces Isolation Time; Apple Shuts NYC…
