The News US Transportation Secretary Sean Duffy said Friday that it makes a lot of sense to hire gamers to address a shortage of air traffic controllers. “If you think just what these gamers are doing on screens, and they’re talking and there’s a lot of things going on — ...
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US commerce secretary lashes out at Canada ahead of trade talks: ‘They suck … Is this nuts?’US commerce secretary lashes out at Canada ahead of trade talks: ‘They suck … Is this nuts?’
The News US Commerce Secretary Howard Lutnick on Friday slammed Canada as trade negotiators prepare to review the US-Mexico-Canada Agreement this year. Asked at Semafor World Economy in Washington, DC, about Canada’s former trade chief suggesting time is on Canada’s side in the talks, Lutnick responded: “That is like the ...
CEO predicts ‘next golden era’ for content amid legacy media destructionCEO predicts ‘next golden era’ for content amid legacy media destruction
The News Billionaire tech executive Matthew Prince predicted Friday that the “massive consolidating force” of AI that has disrupted legacy news outlets’ relationships with their readers will in the long run bring attention to the value of more granular and local journalism. “I believe that a whole bunch of existing ...
India can handle the energy shock if Iran ceasefire holds, top government adviser saysIndia can handle the energy shock if Iran ceasefire holds, top government adviser says
The News The Indian government’s chief economic adviser expressed confidence Friday that the world’s sixth-largest economy can weather the energy-price shock caused by the Iran war if the ceasefire holds. “We feel that if the current ceasefire holds and also gets extended indefinitely, by the end of the calendar third ...
IMF, World Bank renew Venezuela ties after 6-year ruptureIMF, World Bank renew Venezuela ties after 6-year rupture
The IMF and the World Bank said they would resume relations with Venezuela for the first time in six years, a major breakthrough for the Latin American country as it looks to rebuild its economy. The resumption of relations comes just months after Washington ousted Venezuela’s former president and replaced ...
World’s largest chocolate maker hit by price crunchWorld’s largest chocolate maker hit by price crunch
Falling cocoa prices have, paradoxically, led to falling profits for the world’s largest chocolate maker. Cocoa prices surged in 2023 and 2024, but have since fallen steeply. Swiss firm Barry Callebaut, which supplies chocolate to food giants such as Nestlé and Unilever, bought cocoa at the higher rates, but — ...
South Africa’s Kganyago rejects ‘wait-and-see’ approachSouth Africa’s Kganyago rejects ‘wait-and-see’ approach
The News South Africa’s central bank governor broke sharply with the global “wait-and-see” mood about the impact of the Iran war, saying the bank cannot be “complacent” and will not wait for early price shocks to filter through Africa’s biggest economy. Letsetja Kganyago’s comments at Semafor World Economy in Washington, ...
Breakthrough Alzheimer’s drugs are not effective, researchers findBreakthrough Alzheimer’s drugs are not effective, researchers find
A review of anti-amyloid drugs, once hailed as a breakthrough in Alzheimer’s treatment, suggested they had no clinically meaningful effect. Plaques of malformed amyloid proteins form in Alzheimer’s patients’ brains, and new drugs such as aducanumab and lecanemab have targeted those proteins on the assumption that they cause the disease. ...
Kenya seeks emergency funds from World BankKenya seeks emergency funds from World Bank
Kenya requested emergency funds from the World Bank as it sought to cushion the impact of the Iran war, which is already squeezing African economies. The continent — which is still heavily reliant on oil and gas — imports the majority of its fuels, and soaring costs have already hammered ...
Aliko Dangote says rising oil prices are threatening to devastate African airlines and farmersAliko Dangote says rising oil prices are threatening to devastate African airlines and farmers
The News Africa’s richest man Aliko Dangote said on Thursday that rising oil prices driven by the Strait of Hormuz blockade are threatening to devastate African airlines and farmers. “The majority of African airlines won’t be able to survive” the current surge in fuel prices, Dangote warned, noting that Nigerian ...