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Two of the world’s biggest economies are at risk of recession
Investors have recently left worries about the pace of global growth aside, opting for optimism on a “phase one” US-China trade deal. But muted economic data expected out of Europe this week could change the mood. Germany may post data Thursday indicating that it’s in recession. Economists surveyed by Reuters believe the world’s fourth largest economy […]
Alibaba Singles’ Day sales hit $23 billion in first nine hours
Alibaba said sales for its annual Singles’ Day shopping blitz hit 158.31 billion yuan ($22.63 billion) in its first nine hours, up 25% from 126.72 billion yuan at the same point last year. Like Black Friday and Cyber Monday in the U S, Singles’ Day has been encouraged as a shopping fest by Alibaba Chairman […]
Google’s compact, Pixel 4-like Assistant starts reaching older phones
If you’re not in hurry to buy a Pixel 4 but would like to have a small taste of its Assistant upgrades, you’re close to get your fix. Google is offering a compact, more Pixel 4-like version of its AI helper to older Android phones, so far focusing on Pixel 3 owners. The new version […]
NASA unveils its first electric airplane
NASA presented the X-57 Maxwell, an early version of its first all-electric experimental aircraft Friday. Inspired by Italian-made Tecnam P2006T twin-engine propeller plane, the X-57’s development started in 2015 and is still a year away from its first test flight. Equipped with two largest of 14 electric motors to propel the plane, powered by specifically […]
Nutrient supplements significantly reduce child deaths
Approximately most of the child deaths worldwide occur from preventable causes, for example malnutrition. Researchers at the University of California, Davis, found that child deaths can be minimized by providing nutritional supplements rich in vitamins, minerals and essential fatty acids. In low- and middle-income countries mortality among children 6-24 months old could be slashed up […]
U.S. consumer sentiment improves slightly in November
A survey on U.S. consumer sentiment rose to 95.7 this month from 95.5 in October, the University of Michigan said Friday. As per the University of Michigan, a degree of consumers’ opinions on current conditions fell to 110.9 in November from 113.2 in October, while the measure of their expectations increased to 85.9 from 84. […]
McDonald’s lost another top executive after CEO ouster
McDonald’s looses another top executive, as the Chicago-based burger giant revealed Monday that Chief People Officer David Fairhurst has left the company with immediate effect. McDonald’s did not clear whether Fairhurst’s departure was in any connection with the sacking of CEO Steve Easterbrook. Easterbrook was asked to leave for breaching company policy by having a […]
Trump says he has not agreed to roll back tariffs on China, after week of trade optimism
President Donald Trump said Friday he has not agreed to scrap tariffs on Chinese goods, dampening hopes about a coming resolution to a jarring trade conflict. “They’d like to have a rollback. I haven’t agreed to anything,” he told reporters before departing the White House on his way to Georgia. “China would like to get […]