MAY 3, 2023
Financial hub Hong Kong just hiked its minimum wage on Monday — by 32 cents. Sebastian Ng/SOPA Images/LightRocket/Getty Images
Financial hub Hong Kong is one of the world's most expensive cities.
On Monday, the city raised its minimum wage by 32 cents to about $5.1 per hour.
Labor activists and welfare groups panned the measly increase, saying...
MAY 3, 2023
White House economists said in a new analysis released Wednesday that an extended breach of the nation’s borrowing limit could wipe out more than 8 million jobs and cause “severe” economic damage, as lawmakers run out of time to resolve the fiscal impasse.
In the report, the White House Council of Economic Advisers compared the potential economic impact...
MAY 3, 2023
The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, escalating the central bank's attack on inflation just two days after the forced sale of First Republic Bank.
The Fed’s 10th consecutive rate increase arrives less than a week after fresh government data showed that U.S. economic growth slowed over the first three months of this...
MAY 3, 2023
Moto Edge Plus is launching first in the US.
Motorola Edge Plus 2023 flagship phone has officially been launched in the US. With a s starting price of $800, the Edge Plus undercuts flagship equivalents from Samsung and Apple with an exhaustive feature set and near stock Android software with a guarantee of 3 years of major OS...
MAY 3, 2023
In early April, Atlanta-based realtor Zak Elfenbein listed two newly renovated homes, nestled in a quiet suburb in Douglasville, Ga.
He wasn’t sure what to expect. The homes were 25 miles west of Atlanta, and were being sold by home flippers. Mortgage rates were above 6%, and home prices were high. But there was a noticeable lack of...
MAY 2, 2023
The brain may create visions just before death (Picture: Getty/iStockphoto)
What happens after we die? That’s a question the living among us will never be able to answer. But as for what happens when we die, that’s a conundrum scientists may be a step closer to solving.
Researchers observing the brains of dying patients have reported a surge in...
MAY 2, 2023
IBM CEO Arvind Krishna said that artificial intelligence could fill some 7,800 jobs at the company. - Bloomberg via Getty Images
Big Blue is calling a big timeout on hiring real humans.
IBM CEO Arvind Krishna said the company will likely pause filling nearly 8,000 jobs because the positions could be performed by artificial intelligence within the next few...
MAY 1, 2023
The US Supreme Court in Washington, DC, US, on Wednesday, April 19, 2023. Democrats oppose the Republican-led Congressional Review Act resolution to disapprove of the Department of Veteran Affairs' interim rule on reproductive health care.
The US Supreme Court will consider overturning a decades-old legal doctrine that has given federal regulators broad power to define their authority, accepting...
MAY 1, 2023
With the popularity of AI chatbots like OpenAI's ChatGPT, Microsoft's new Bing, and Google's Bard, debate around artificial intelligence (AI) replacing human jobs has been going on for quite some time. Even OpenAI CEO Sam Altman has acknowledged the possibility of ChatGPT affecting some jobs. And now, Tata Sons Chairman N Chandrasekaran has said that AI will prove...
MAY 1, 2023
Telugu Desam Party (TDP) chief N Chandrababu on Monday slammed Andhra Pradesh Chief Minister YS Jagan Mohan Reddy for the attack by leaders of YSR Congress Party (YSRCP) on superstar Rajinikanth. He said the chief minister and his party leaders should apologise for attacking Rajinikanth, who recently delivered a speech during the birth centenary celebrations of TDP...
