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Brazil’s Economic Growth Bounces Back Under Lula and Defies High Interest Rates
Brazil’s Economic Growth Bounces Back Under Lula and Defies High Interest Rates
Brazil’s economy roared back in the first months of 2023, lifted by bumper harvests that outweighed the drag
2023-06-01 23:23
Twitter down: X stops working hours after Elon Musk announces he wants people to pay to use it
Twitter down: X stops working hours after Elon Musk announces he wants people to pay to use it
X, the platform formerly known as Twitter, has stopped working. The site broke hours after Elon Musk said that he is planning to force everyone to pay for access to the site. Some parts of X continued to load, for some people. But users had problems with much of the site, including loading tweets and their timelines. Tracking website Down Detector showed a huge influx of reports of problems on Tuesday afternoon, across the world. That site depends on reports from X, and so may experience problems itself. Mr Musk told Israeli prime minister Benjamin Netanyahu that the subscription fee was necessary to avoid “vast armies of bots” that he claimed have taken over the service. “We’re actually going to come up with a lower tier pricing... we just want it to be a small amount of money,” he said. “This is a longer discussion, but, in my view, this is actually the only defence against vast armies of bots.” Ever since completing his takeover of the platform formerly known as Twitter last year, the Tesla and SpaceX boss has spoken extensively about wanting to boost X’s income through new revenue streams, including subscription models. When launching Twitter Blue - now known as X Premium - a number of features which had previously been free to all users were placed behind the subscription paywall in an effort to spark more sign-ups for the paid version of the site. The need for new, different forms of income has become vital for Mr Musk after X advertising revenue plummeted in the wake of his takeover amid concern over his support for absolute free speech and more relaxed content moderation as a result. A number of advertisers went on to reduce or completely stop their advertising on the site. Mr Musk has previously said several campaign groups have falsely accused him and X of being antisemitic, costing the site millions in lost revenue because of advertising boycotts as a result. In his conversation with Mr Netanyahu, the Israeli leader said he knows Mr Musk is “committed” to stopping antisemitism after the billionaire reiterated he is against hate speech. Additional reporting by agencies Read More How does Russell Brand make money online? Elon Musk wants all Twitter users to pay a monthly fee Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuit Twitter rival Bluesky hits new milestone Famed tech journalist deletes X account with epic rant at Elon Musk Why is Elon Musk obsessed with the letter X?
2023-09-19 22:21
Futures muted as investors await key jobs data
Futures muted as investors await key jobs data
Futures tracking Wall Street's main indexes were subdued on Friday as investors awaited a crucial jobs report to
2023-10-06 18:19
Pan-African Approach Needed to Ensure Food Security: New Economy
Pan-African Approach Needed to Ensure Food Security: New Economy
A pan-African approach is needed to solve the continent’s food-security dilemma given the high cost of developing agricultural
2023-06-14 23:22
Changes to food aid in debt bill would cost money, far from savings GOP envisioned
Changes to food aid in debt bill would cost money, far from savings GOP envisioned
A Republican attempt to expand work requirements for federal food aid in debt legislation moving through Congress would increase federal spending by $2.1 billion over 10 years — far from the cuts GOP lawmakers had envisioned
2023-05-31 12:18
World Bank chief vows to tackle 'dysfunctionality' at development lender
World Bank chief vows to tackle 'dysfunctionality' at development lender
World Bank President Ajay Banga said Tuesday that he is working to reform "dysfunctionality" among the leadership of the development lender, and pledged to refocus its mission to better address...
2023-09-27 10:54
Charting the Global Economy: US Soft Landing Case Grows Stronger
Charting the Global Economy: US Soft Landing Case Grows Stronger
US inflation cooled even as the job market remained resilient, bolstering the case that the Federal Reserve can
2023-09-02 18:24
Ford’s EV Battery Partner Targets US Growth Over Profit
Ford’s EV Battery Partner Targets US Growth Over Profit
A South Korean battery maker tapped by the US to help it catch China in the clean-car market
2023-07-11 05:24
Norway to keep rates on hold this week, may hike in December: Reuters poll
Norway to keep rates on hold this week, may hike in December: Reuters poll
OSLO Norway's central bank is expected to keep its key policy interest rate on hold this week but
2023-10-30 20:55
Thai May factory output falls 3.14% y/y, less than forecast
Thai May factory output falls 3.14% y/y, less than forecast
BANGKOK Thailand's manufacturing production index (MPI) in May dropped by a less than expected 3.14% from a year
2023-06-30 12:53
Thanksgiving Travel in US Set to Hit Post-Covid High
Thanksgiving Travel in US Set to Hit Post-Covid High
The US Thanksgiving travel period is shaping up to be the busiest since 2019 with 55.4 million Americans
2023-11-14 04:46
New York City announces minimum wage for app food delivery workers
New York City announces minimum wage for app food delivery workers
New York City on Sunday announced a new minimum pay-rate for app food delivery workers amid a rise in use of services like Uber Eats and DoorDash since the pandemic.
2023-06-12 06:22