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Payday lenders have embraced installment loans to evade regulations – but they may be even worse

Dec 10, 2019 05:21 am UTC| Insights & Views Law Business

Installment loans seem like a kinder, gentler version of their predatory cousin, the payday loan. But for consumers, they may be even more harmful. Use of the installment loan, in which a consumer borrows a lump sum and...

Job losses expected as NZ's broadcasting sector faces biggest overhaul in a decade

Dec 10, 2019 05:17 am UTC| Insights & Views Business

New Zealands broadcasting sector, both public and commercial, is facing the biggest structural upheaval in a decade. The latest report on New Zealand media ownership, compiled by the Journalism, Media and Democracy...

Vodafone’s struggles raise doubts about its future competitiveness

Dec 10, 2019 02:11 am UTC| Business

Vodafone is struggling to keep its Indian operations above water. Amid a background of uncertainty surrounding the proposed introduction of 5G in India, Vodafone has seen its revenues fall, its losses snowball and its...

Norway to Review the Rikstoto Race Monopoly

Dec 10, 2019 01:44 am UTC| Business

According to a recent report, in a bit to simplify the gambling system of Norway, the Norwegian government is planning to evaluate whether the monopoly established by Norsk Tipping will absorb the horse-racing services of...

Crucial Things To Know Before Commencing Cricket Betting

Dec 09, 2019 09:01 am UTC| Business

Cricket is one of the most played games in India. Due to its immense popularity, a lot of people have started betting on the game to earn money. However, its not that simple. A ton of knowledge and strategic planning is...

Bitcoin Falls by $3,000 as Chinese Government Begins Crypto Crackdown

Dec 09, 2019 08:58 am UTC| Business

It hasnt been the best month for Bitcoin or cryptocurrencies in general. The crackdown that the Chinese government has announced is already in motion, and the cryptocurrency market is feeling the ripple effect. Bitcoin...

Binance- the cowboys of the crypto world

Dec 09, 2019 05:23 am UTC| Business

Binance has taken the crypto world by storm as traders bask in the many altcoins the platform offers along with its low brokerage fees. Many users rave about easy verification process for immediate trading, yet recent...

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Economy

US Debt Tops $40 Trillion as Global Borrowing Costs Surge

U.S. government debt has surpassed $40 trillion for the first time, highlighting growing fiscal pressures as major economies face rising spending demands from ageing populations, defence, climate change and higher interest...

UK Budget Swings to Surprise £1.8 Billion Deficit in July

Britain recorded an unexpected 1.8 billion ($2.5 billion) budget deficit in July, as inflation-driven government spending outweighed record self-assessed income tax receipts, highlighting continued pressure on the UKs...

US Plans ‘Toughest Sanctions in History’ on Iran, Bessent Says

U.S. Treasury Secretary Scott Bessent said Washington is preparing to impose sweeping new sanctions on Iran, reinforcing President Donald Trumps push to intensify economic pressure on Tehran amid ongoing tensions and...

South Korea Producer Prices Fall 0.4% in July

South Koreas producer prices fell in July for the first time in nearly a year, as lower global crude oil prices helped offset rising agricultural costs caused by extreme summer heat. The producer price index (PPI) declined...

Japan Inflation Rises, Boosting BOJ Rate Hike Bets

Japans inflation accelerated for a third consecutive month in July, strengthening expectations that the Bank of Japan could raise interest rates again in the coming months as underlying price pressures intensify. Japans...

Politics

Prince Harry Faces Potential Multi-Million-Pound Legal Bill in Daily Mail Case

Prince Harry could soon learn how many millions of pounds he and other claimants must pay toward the legal costs of the publisher of the Daily Mail after losing a high-profile privacy lawsuit. On Friday, London High Court...

Russia Arrests Nine Over Alleged Ukraine-Linked Attack Plans

Russian authorities have arrested nine people in separate cases involving alleged plans to target strategic infrastructure and government sites, according to state news agencies citing the Federal Security Service (FSB)....

Trump Eyes Kim Jong Un Summit as North Korea Sets Tough Terms

U.S. President Donald Trump is seeking another meeting with North Korean leader Kim Jong Un later this year, but Pyongyangs guarded response suggests renewed diplomacy could depend on major changes in U.S. policy toward...

Myanmar Military Pushes to Clear Land for Russia-Backed Dawei SEZ

Myanmars military has deployed hundreds of troops around the Russia-backed Dawei Special Economic Zone (SEZ), as authorities seek to revive the strategically important project in the countrys southern Tanintharyi Region....

Imran Khan Returns to Prison After Islamabad Hospital Visit

Pakistans former Prime Minister Imran Khan returned to prison on Friday after spending several hours overnight at an Islamabad hospital for a medical examination ordered by the countrys Supreme Court. Khan, 73, was...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Samsung Shares Rise on $72 Billion Shareholder Return Plan

Samsung Electronics shares climbed on Friday following reports that the South Korean technology giant is preparing a shareholder return package potentially exceeding 100 trillion won ($72 billion). Samsungs board is...

Alibaba Shares Fall as AI Spending Hits Profit

Alibaba shares dropped nearly 3% in Hong Kong trading on Friday after the Chinese technology giant reported a steep decline in quarterly profit, as aggressive artificial intelligence investment weighed on earnings and cash...

Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits

Samsung Electronics is reportedly preparing a new shareholder return policy worth more than 100 trillion won ($71.75 billion), as booming demand for artificial intelligence chips drives expectations of record profits at...

SK Hynix Shares Surge on Record $28.6 Billion Buyback

SK Hynix shares staged a strong rebound on Thursday after the South Korean memory-chip giant announced a record 40 trillion won ($28.6 billion) share buyback and cancellation plan, providing fresh confidence to investors...

OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead

OpenAI reported an 18% increase in second-quarter revenue, but widening losses and rapid growth at rival Anthropic are adding pressure on the ChatGPT maker, according to The Wall Street Journal. OpenAI told investors that...