Soccer players slam Facebook and Twitter’s response to racist abuse
Soccer stars of past and present believe social media companies need to up their game when it comes to tackling racist abuse on their platforms.
China is buying up chip firms in a push for semiconductor supremacy, says UK lawmaker
China is using questionable methods to ensure it becomes a world leader in semiconductor technology, according to British MP Iain Duncan Smith.
Plans for huge new gigafactory in England take shape, as countries ramp up battery-making capacity
Factory would be built in a part of England known for its longstanding connection to vehicle manufacturing.
Crypto exchange Binance stops selling digital versions of stocks like Tesla and Apple as regulators circle
Binance said Friday that it would end support for “stock tokens,” crypto assets tied to the value of certain shares.
The mystifying bond market behavior could last all summer
The bond market is defying Wall Street forecasters, as long-term Treasury yields continue to head lower despite a strong economy and rising inflation.
Singapore announces separate Covid rules for people who are vaccinated
Separate sets of Covid restrictions in Singapore will kick in on July 19 as a new cluster linked to nightlife establishments continues to grow.
India’s digital payments start-up Paytm files for a $2.2 billion IPO
Paytm will issue new shares worth 83 billion rupees ($1.1 billion) and an offer for sale worth another 83 billion rupees by existing shareholders.
Cloud costs not optimized? That’s on you
It’s Monday morning and you get an irate call from the CFO. A public cloud bill just came in and it’s three times higher than last month. The overage is not in the budget and just what do you suggest to make up the difference?Most of us have fielded…
Foreign travelers to China will be able to use the digital yuan, central bank says
The People’s Bank of China has been working on developing a digital version of the yuan, known as e-CNY, since 2014.
Iron ore is in a bull market — and it won’t run out of steam soon, says Goldman
Iron ore has been in a bull market for more than two years, and it’s not about to end soon, according to Nicholas Snowdon of Goldman Sachs.
The G-20’s global crackdown could create a new kind of tax haven
So far, 132 countries have signed up to the OECD’s proposal, although several countries are known to harbor serious reservations over the terms of the deal.
Stock futures rise as retail sales top expectations
June retail and food service sales rose 0.6%, while economists surveyed by the Dow Jones had expected a 0.4% decline.
Didi shares tank 7% after Chinese regulators visit the ride-hailing giant for cybersecurity review
Officials from seven Chinese government department visited Didi’s offices to conduct a cybersecurity review on Friday.
China’s Xiaomi overtakes Apple in the global smartphone market
Xiaomi had a 17% share of global smartphone shipments, ahead of Apple’s 14% and behind Samsung’s 19%, according to Canalys.
The U.S. will warn companies about Hong Kong’s ‘deteriorating’ situation, Biden says
U.S. President Joe Biden said China’s government “is not keeping its commitment” that it made on Hong Kong.
No evidence yet that it’s time for a 3rd booster, says former FDA director
There’s not enough evidence that booster vaccines are needed for now, said Norman Baylor, president and chief executive officer of Biologics Consulting.
Google separates with Cloud VP after employees complain about manifesto
Google has separated with its VP of developer relations for Google Cloud after a contentious all-hands where the employees voiced concern about manifesto.
SPACs are targeting Southeast Asia’s start-ups, and investors are taking note
More than 40 SPACs — or special purpose acquisition companies — are targeting the region, according to Vinnie Lauria, managing partner at Golden Gate Ventures.
Biden says U.S. is not sending troops to Haiti after assassination of nation’s president
President Joe Biden said Thursday that the U.S. has no plans to send troops to Haiti in the wake of the assassination of President Jovenel Moise.
Biden and Merkel warn Russia cannot use Nord Stream gas pipeline as weapon against Ukraine
President Joe Biden and German Chancellor Angela Merkel delivered remarks at the White House on Thursday in what is likely to be her last visit to Washington.
Goldman Sachs says Covid delta variant could ‘significantly’ hit growth in Southeast Asia
The spread of the more transmissible delta variant has pushed daily Covid-19 cases to record highs in Indonesia, Malaysia and Thailand in recent weeks.
Asia-Pacific stocks mixed; Bank of Japan holds steady on monetary policy
The Bank of Japan downgraded its real GDP forecast for fiscal year 2021 to a 3.8% expansion, as compared with the 4% growth forecast made in April.
How a 26-year-old expat in Seoul, South Korea lives on $24,000 a year
Michaela Cricchio grew up wishing she could travel the world. Two years ago, she made plans to become a digital nomad and now teaches English abroad.
Elon Musk admits Tesla’s Cybertruck could flop
Tesla CEO Elon Musk admitted Thursday on Twitter that the Cybertruck might flop but said he doesn’t care because he loves its unusual trapezoid-like design.
Yellen sees ‘several more months of rapid inflation’ before easing, worries about housing impact
Treasury Secretary Janet Yellen expects inflation run to ease, though she cautioned that prices could continue to rise over the next several months.
Amazon sellers are such a hot commodity that one start-up is giving away Teslas for referrals
At the Prosper Show in Las Vegas this week, Amazon seller aggregator Acquco launched a program to give away $10 million in Tesla Model Ys for referrals.
PayPal increases weekly cryptocurrency purchase limit fivefold to $100,000
PayPal users can now buy $100,000 of bitcoin and other digital assets per week, up from a previous limit of $20,000.
A psychotherapist says parents who raise confident, mentally strong kids always do these 3 things when praising their children
Parents want their kids to feel good about themselves, but psychologists agree that overpraising can be harmful. Here are the common mistakes to avoid.
Mark Wahlberg-backed F45 pops on IPO day. The actor says the workouts have incredible energy
“The energy is absolutely incredible” at the company’s studios, Mark Wahlberg told CNBC from the floor of the NYSE before the stock started trading.
Blue Origin reveals runner-up in $28 million auction will fly with Jeff Bezos to space next week
Jeff Bezos’ space venture Blue Origin on Thursday revealed that 18-year-old Oliver Daemen will fly in place of the still-anonymous auction winner.