Oil And Food Prices Could Increase If Israel-Hamas War Escalates

The World Bank warned in a new report that oil prices could rise and be pushed to “uncharted waters” if the conflict between Israel and Hamas expands further in the Middle East region. As the fear of an escalation of the conflict rises, the World Bank’s Commodity Markets Outlook presents scenarios where oil and food…

ByFinance Capitol StaffOctober 31, 2023

International

X Will Charge $1 To New Users In New Zealand And The Philippines

X/Twitter is now charging a $1 fee to new users in New Zealand and the Philippines to be able to post and interact with tweets. According to the Associated Press, this measure is designed to stop spam and fake accounts. The program, named Not a Bot, will not apply to existing users and it would…

ByFinance Capitol StaffOctober 19, 2023

International

X Will Charge $1 To New Users In New Zealand And The Philippines

X/Twitter is now charging a $1 fee to new users in New Zealand and the Philippines to be able to post and interact with tweets. According to the Associated Press, this measure is designed to stop spam and fake accounts. The program, named Not a Bot, will not apply to existing users and it would…

ByFinance Capitol StaffOctober 19, 2023

International

Australia Fines X $385,000 For Not Addressing Proliferation Of Child Sexual Abuse Content

An Australian safety watchdog has fined X/Twitter with 610,000 Australian dollars ($385,000) for failing to explain how the platform tackled child sexual exploitation, abuse, and extortion content. According to a report by the Associated Press, Australia’s eSafety Commission issued a legal transparency notice to social platforms asking what actions they were taking to address the…

ByFinance Capitol StaffOctober 17, 2023

International

Harvard Professor Claudia Goldin Wins Nobel Prize For Work On Gender Gap

Claudia Goldin, a Harvard professor has won the Nobel economics prize for “for having advanced our understanding of women’s labour market outcomes” and for providing “the first comprehensive account of women’s earnings and labor market participation through the centuries”. Goldin, 77, is the third woman to be awarded with the Nobel and she is the…

ByFinance Capitol StaffOctober 10, 2023

International uncategorized

US Government Lowers Argentine Corn, Soy Harvest View

Soybean production in Argentina will fall to a 23-year low and corn production to a five-year low, smaller than previously thought, as a crop-wasting drought decimated fields in the key South American producer, the U.S. government said on Tuesday. Argentina's soybean harvest was pegged at 27.00 million tonnes and the corn crop at 37.00 million…

ByMark Weinraub, ReutersApril 10, 2023

International

Tiktok Represents ‘Strategic’ Challenge, Says Top US Cyber Official

RUTHERFORD, California, March 27 (Reuters) - The head of the U.S. National Security Agency's cybersecurity directorate on Monday said TikTok represents a "strategic issue" rather than an immediate "tactical" threat to the United States. Speaking at a policy conference in Northern California, Rob Joyce, director of cybersecurity for the spy agency, reiterated the agency's earlier…

ByStephen Nellis, ReutersMarch 27, 2023

Financial Updates International

Credit Suisse Chaos, Silicon Valley Bank Collapse: What You Need To Know

March 15 (Reuters) -Swiss regulators pledged a liquidity lifeline to Credit Suisse in an unprecedented move by a central bank after the flagship Swiss lender's shares tumbled as much as 30% on Wednesday. The steep drop in Credit Suisse shares unnerved investors already on edge after the collapse of U.S.-based banks Silicon Valley Bank and…

ByAnna Driver, ReutersMarch 15, 2023

International Politics

Tiktok Says US Threatens Ban If Chinese Owners Don’t Sell Stakes

WASHINGTON, March 16 (Reuters) - The Biden administration has demanded that TikTok's Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters on Wednesday. The move is the most dramatic in a series of recent steps by U.S. officials and legislators who have raised fears…

ByDavid Shepardson, ReutersMarch 14, 2023

Financial Updates International

Wheat Falls Below $7/Bu On Hopes For Ukraine Corridor Extension

CHICAGO, March 6 (Reuters) - U.S. benchmark wheat futures dropped below $7 per bushel on Monday for the first time in 17 months, pressured by reminders of adequate global supplies and optimism that the safe corridor to export grain from war-torn Ukraine will be extended, traders said. Corn futures also declined. But soybeans rose as…

ByJulie Ingwersen, ReutersMarch 8, 2023

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