She wasn’t just Britain’s Queen — Elizabeth II belonged to the world. It’s moving how the peoples of so many nations embraced this quiet, emotionally reticent woman who reigned in a country that once bestrode the world as an empire. In her decades at the helm, she found a different role, with monarchy as the glue of continuity. In the ...
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Can AI be a great equaliser right now?
If 2021 was the breakthrough year for mRNA vaccines, then 2022 may be the breakthrough year for artificial intelligence. So far there have been major advances in text generation and image generation, and now investor Nat Friedman is predicting big developments in AI personal voice assistants. More innovation will surely follow. With so much in the works, it is worth ...
Read More »South Africa is world’s 12th serious CO2 emitter
What can rich countries do to help the developing world battle climate change? What’s happening in South Africa right now embodies that central question of fairness. Africa’s third largest economy is also the world’s 12th most serious emitter of carbon dioxide. At COP26 in Glasgow last November — the UK, US, France, Germany and the rest of the EU ...
Read More »Dump debt ceiling before GOP wins the House
It’s time: Congressional Democrats need to get the ball rolling on ending the risk of defaulting on the nation’s debt. If they don’t tackle this before the current term ends, we run the risk that a Republican House majority will be irresponsible enough to allow a default to happen. That’s why the Democrats should seize the opportunity during the ...
Read More »Pinduoduo emerges as big winner in Covid-zero China
Bloomberg As Chinese consumers curb their spending in a pandemic-stricken economy, one discount e-commerce firm is emerging as a clear stock-market winner. Shares of Pinduoduo Inc, which sells everything from groceries to beauty products, have soared 43% over the past month, ranking as the top performer in the Nasdaq Golden Dragon China Index, which has slipped 0.9%. The stock ...
Read More »NTSB set to investigate civilian space crashes
Bloomberg US officials have agreed on an updated framework for investigating major accidents in the commercial space industry as human tourism and flights hauling hardware into orbit expand rapidly. The National Transportation Safety Board (NTSB), the independent agency that leads investigations into plane crashes, will conduct similar reviews for mishaps involving private sector rockets and space capsules, according to an ...
Read More »Asos warns of weak sales as inflation hits clothes shopping
Bloomberg British fast-fashion company Asos Plc warned that sales in August were weaker than expected as inflation crimped shoppers’ purchasing power. Full-year profit will come in at the lower end of guidance, with sales growth of only about 2%, according to a statement. The online retailer also cited a slow start to its autumn/winter ranges. “Asos remains cautious about ...
Read More »Hong Kong relaxes its Covid travel restrictions at airport
Bloomberg Hong Kong will end temperature checks for some passengers at its international airport, and relax quarantine requirements for local air crews, after some of the city’s most prominent voices called for an end to virus-related travel restrictions. Starting from September 10, transiting and outbound passengers at Hong Kong International Airport — except for those bound for China — ...
Read More »August’s commercial flights in EU closer to 2019 figures
BRUSSELS / WAM In August 2022, the number of commercial flights in the EU increased by 25% compared with August 2021,according to monthly flight data published by Eurostat. While this is still below the pre-pandemic levels, the gap is slowly closing (-14% compared with August 2019). In absolute terms, the number of commercial flights stood at 596 930 in ...
Read More »Japan plans to scrap daily arrival cap by Oct
Bloomberg Japan is making arrangements to end its daily limit on arrivals from overseas by October, and will consider removing other remaining barriers to foreign tourism at the same time, the Nikkei reported without saying where it obtained the information. The removal of the 50,000 people-per-day cap alone won’t return Japan’s border to its pre-Covid openness, as non-resident foreigners ...
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