Posts by Amelia Frost
Bitcoin Sheds $3,000 As FTX Begins Customer Repayments, Crypto Users Divided Over Market Impact
KEY POINTS $BTC was trading at around $96,500 then plunged below $93,500 following the news The digital coin has since recovered and was trading just above $95,000 late Tuesday Some crypto users wondered whether former FTX customers still want to be in the space after the 2022 crypto winter The world’s most valuable cryptocurrency bled…
Read MoreUN Watchdog Chief Visits Fukushima As Japan Returns To Nuclear Power
The UN nuclear watchdog chief visited Japan’s stricken Fukushima plant on Wednesday, the day after Tokyo approved an energy plan that marks a return to nuclear power to meet growing demand for AI. The International Atomic Energy Agency (IAEA) is monitoring Japan’s efforts to decommission the Fukushima Daiichi plant after a 2011 earthquake-triggered tsunami killed…
Read MoreAsian Markets Swing As Traders Assess Latest Tariffs Volley
Asian markets were mixed Wednesday after President Donald Trump broadened his tariff threats, while traders were also assessing the geopolitical outlook after the first high-level official US-Russia talks since the invasion of Ukraine. Regional investors struggled to pick up the baton after a record close on Wall Street, with the rally in Hong Kong-listed tech…
Read MoreHP to Buy Humane, Maker of the Ai Pin, for $116 Million
Humane, the ambitious start-up behind the Ai Pin device that aimed to one day replace smartphones, agreed to sell parts of its business to HP for $116 million, the companies said on Tuesday. HP said it planned to acquire Humane’s “A.I. capabilities,” including its software platform, intellectual property, patents and some employees. The Ai Pin…
Read MoreDickson Despommier, Who Championed Farming in Skyscrapers, Dies at 84
Dickson Despommier, a microbiologist who proposed that cities should grow food in high-rises, popularizing the term “vertical farming” — an idea that crossed over from the realm of the purely fanciful to become a reality around the globe — died on Feb. 7 in Manhattan. He was 84. His wife, Marlene Bloom, confirmed the death,…
Read MoreRight-Wing Media Praises U.S.-Russia Talks as ‘Breath of Fresh Air’
News that the Trump administration had agreed with Russia to try to negotiate a peace settlement for Ukraine, without including Ukraine in the talks, was a revelation that many believed reversed years of efforts to isolate Moscow. But prominent voices in the right-wing media world interpreted the development this week as cause for celebration. “Every…
Read MorePGA Tour and LIV Golf Look for Merger Deal Under Trump
The PGA Tour and Saudi Arabia’s sovereign wealth fund are racing to reshape their plans to combine their rival golf circuits, emboldened by President Donald J. Trump’s eagerness to play peacemaker for a fractured sport, according to four people familiar with the matter. Since the start of secret talks in April 2023, PGA Tour executives…
Read MoreTrump Education Department Cuts Funding to Anti-Racism Programs, Calls Them ‘Divisive’
The Department of Education has cut $600 million in funding for teacher training programs that focus on critical race theory, DEI, social justice and white privilege, among other “divisive ideologies.” Andrew Caballero-Reynolds/Getty Images The Department of Education announced Monday that it is cutting $600 million in grants for teacher training programs that it says promote…
Read MoreSenate Confirms Howard Lutnick as Commerce Secretary
The Senate on Tuesday voted 51 to 45 to confirm Howard Lutnick to be President Trump’s commerce secretary, putting in place one of the administration’s top economic officials who will help oversee an agenda around tariffs and protectionism. Mr. Lutnick, who was the chief executive of the financial services firm Cantor Fitzgerald, became a central…
Read MoreZelensky Slams US-Russia Talks, Urges ‘Fair’ Negotiations
Ukrainian President Volodymyr Zelensky on Tuesday criticised US-Russia talks for excluding Kyiv, saying efforts to end the war must be “fair” and involve European countries including Turkey. His remarks came after Washington and Moscow said they would name teams to negotiate a path to ending the war in Ukraine, during their first high-level official talks…
Read MorePhilippine Coast Guard Slams ‘Dangerous’ China Helicopter Manoeuvres
The Philippine Coast Guard condemned “dangerous” manoeuvres by a Chinese Navy helicopter Tuesday as it flew within three metres (10 feet) of a surveillance flight carrying a group of journalists over the contested Scarborough Shoal. An AFP photographer on the flight described seeing the helicopter tail the plane before drawing near the left wing, close…
Read MoreSouthwest Airlines Plans to Cut 15% of Corporate Work Force
Southwest Airlines on Monday announced plans to cut 1,750 jobs, the first broad layoffs in the airline’s 53-year history. The company said the cuts would mostly focus on corporate positions, accounting to about 15 percent of that work force. The layoffs will include 11 senior leaders with titles of vice president or higher, the airline…
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