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Ford: Gas cars are a growth business for us

Wed, 09/21/2022 - 10:49
When Ford chief executive Jim Farley split the company's passenger vehicle business into two parts — one for electric cars, the other for gasoline-powered vehicles — Farley put himself in charge of the electric car business, a division called Model e. The assumption among a lot of industry observers was that the person running the gasoline vehicle businesses, then, was there to nurse that dying technology through its final years.

The historic streak of falling US gas prices is over

Wed, 09/21/2022 - 07:04
The historic streak of falling gasoline prices is over.

Germany nationalizes its biggest natural gas importer

Wed, 09/21/2022 - 06:22
Germany is nationalizing Uniper, its biggest importer of natural gas, as part of an €8 billion ($7.9 billion) plan to prevent an energy shortage this winter.

How Iran's morality police force women into submission

Wed, 09/21/2022 - 06:22
A young Iranian woman was pulled off the streets of Tehran by the country's notorious morality police and taken to a "re-education center" for lessons in modesty last week. Three days later, she was dead.

America gained 2.5 million new millionaires last year

Wed, 09/21/2022 - 04:26
The number of rich people in the world rose at a rapid pace last year, boosted by gains in the stock market and house prices.

Man sets himself ablaze to protest Japanese leader's state funeral

Wed, 09/21/2022 - 00:51
A Japanese man in his 70s has been taken to hospital in Tokyo after setting himself on fire near the prime minister's office, according to Japan's public broadcaster NHK.

Movie theaters reopen in Indian-controlled Kashmir for the first time in more than two decades

Wed, 09/21/2022 - 00:04
Movie theaters in Indian-controlled Kashmir have reopened their doors, more than two decades after they were forced shut during an armed rebellion that saw multiple threats and attacks on crowded public places.

China's 'Lipstick King' returns to livestreaming show after mysterious three-month disappearance

Tue, 09/20/2022 - 23:50
One of China's most popular livestreamers quietly resurfaced online Tuesday night, after a three-month absence linked to his appearance with a cake shaped like a tank, in what many believed was an oblique reference to the Tiananmen Square massacre.

Russian mercenaries bombard Bakhmut as Moscow searches for a win

Tue, 09/20/2022 - 20:21
In the ruins of an apartment block tarred with soot and clouded in dust amid constant shelling, a small group of Ukrainian soldiers are face to face with a new type of Russian enemy: mercenaries, some of whom may be convicts sent to the front line.

The United Nations' fundamental principles are under threat

Tue, 09/20/2022 - 18:59
The international order that the United Nations enshrined is splintering.

Bolsonaro stumps for reelection in United Nations speech

Tue, 09/20/2022 - 18:34
Brazilian President Jair Bolsonaro's address to the United Nations General Assembly on Tuesday bore little resemblance to his past speeches before world leaders. Touting Brazil's development under his administration and swiping at political rivals, the Brazilian leader seemed more focused on appealing to voters at home, as the country's presidential election looms next month.

Colombia's President slams 'addiction to irrational power' and calls to end war on drugs in fiery first UNGA speech

Tue, 09/20/2022 - 18:07
In his first address to the United Nations General Assembly on Tuesday, recently elected Colombian president Gustavo Petro delivered a fiery speech that recalled some of his campaign themes, slamming the war on drugs as a failure and accusing the global north of turning a blind eye to the destruction of the Amazon.

US, Canadian warships sail through Taiwan Strait after Biden vows to defend island

Tue, 09/20/2022 - 12:13
US and Canadian warships sailed through the Taiwan Strait on Tuesday following weekend remarks from President Joe Biden that the US would defend Taiwan in the event it is attacked by China.

Queen's funeral draws 26 million UK viewers

Tue, 09/20/2022 - 10:23
More than 26 million people tuned in to watch the Queen's funeral in the United Kingdom on Monday, the first to be televised for a British monarch.

Stocks sink as investors wait for the Fed's rate hike

Tue, 09/20/2022 - 09:31
So much for Wall Street sitting back and taking it easy while awaiting the Federal Reserve's latest interest rate decision on Wednesday. Stocks slid Tuesday as investors grew anxious about the impact of another big rate hike.

Morgan Stanley hard drives holding sensitive client data auctioned off online

Tue, 09/20/2022 - 09:24
Federal regulators accused Morgan Stanley on Tuesday of "astonishing" failures that led to the mishandling of sensitive data on some 15 million customers.

Strikes could bring UK railways to a standstill

Tue, 09/20/2022 - 09:10
Labor unions in the United Kingdom offered the country a brief respite from a wave of strike action during the period of national mourning for the late Queen Elizabeth II.

Wonder where the economy is heading? Keep an eye on earnings

Tue, 09/20/2022 - 09:06
Corporate America is starting to brace for a recession.

Magnus Carlsen quits match without explanation

Tue, 09/20/2022 - 08:51
Shortly after making his first move, world champion Magnus Carlsen resigned from an online chess match against fellow grandmaster Hans Niemann on Monday.

Time for someone else to ride the Peloton bike?

Tue, 09/20/2022 - 08:24
Peloton formally unveiled its high-priced new rowing machine Tuesday. But the company is still facing rough currents as it struggles to find its way into more friendly stock market waters.