Air travelers to United States from China, Hong Kong or Macau no longer need to show proof of a negative Covid-19 test before boarding a flight, health officials said. The change will go into effect March 10 at 3 p.m. in New York, according to the US Centers for Disease Control and Prevention. A traveler-based…
Category: Wire
News wire, ,nyse exchange, market newspaper, equities market news, financial news,
Forced Installing prepayment energy meters to be the last resort: Ofgem
United Kingdom (UK) plans to reform rules around prepayment energy meters, to protect financially vulnerable consumers in the wake of a recent uproar over forced installations, Bloomberg reported. On Friday energy regulator Ofgem launched a national call for evidence as part of its own review into the meters. Prepayment meters — which require households to…
Meta plans to launch social media app to replace Twitter
Meta Platforms Inc (META.O) is working to launch a new social media app to replace Twitter. Meta believes there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests. Meta’s app will be based on a similar framework that powers Mastodon, a Twitter-like service that was launched…
Cryptocurrency market lost $70 billion, as Bitcoin fell below $20,000
Bitcoin briefly fell 8% to below $20,000 on Friday, following the collapse of a crypto-focused lender and a stock market sell-off in the U.S. The cryptocurrency market saw more than $70 billion wiped off its value over the course of the 24 hours, CNBC reported. Bitcoin was last trading lower by just 2.6% at $19,959.61,…
General Motors offering Voluntary Separation Program for its U.S. employees to cut costs
General Motors will offer voluntary buyouts to its 58,000 U.S. white-collar employees, as it aims to cut $2 billion in structural costs over the next two years, according to a letter sent to workers Thursday from CEO Mary Barra, CNBC reported. The Voluntary Separation Program (VSP) will be offered to all U.S. salaried employees who…
U.S. jobless claims surge to 5-month high
Number of Americans filing new claims for unemployment benefits increased by the most in five months last week, but the underlying trend remained consistent with a tight labor market, Reuters reported. Initial claims for state unemployment benefits rose 21,000 to a seasonally adjusted 211,000 for the week ended March 4, the Labor Department said on…
JD.com posts dismal revenue growth amid weak consumption sentiment
JD.com Inc. shares fell after the company reported a sharp drop in revenue growth. China’s second-largest online retailer said Thursday revenue rose 7% from October to December, down from 23% growth a year earlier. It and larger rival Alibaba Group Holding Ltd. have grappled with weak consumption sentiment since the world’s No. 2 economy buckled…
Apple unveiled a yellow iPhone 14 and iPhone 14 Plus
Apple unveiled Tuesday a yellow iPhone 14 and iPhone 14 Plus, adding a new color to its current lineup. Apple also released spring-themed Watch band colors and silicone iPhone cases. You can preorder the yellow iPhone 14 and iPhone 14 Plus starting Friday, with general availability starting on March 14. Yellow joins the existing black,…
Silvergate Capital says it will wind down operations and liquidate its bank
Silvergate Capital, a central lender to the crypto industry, is winding down operations and liquidating its bank. Silvergate has served as one of the two main banks for crypto companies, along with New York-based Signature Bank. Silvergate has just over $11 billion in assets, compared with over $114 billion at Signature. Bankrupt crypto exchange FTX…
All travelers to the UK will need to apply and pay for Electronic Travel Authorisation
U.K. has announced the biggest shake-up of its border force rules, as all passengers who do not need visa approval are required to apply for digital travel authorization before entering the country, CNBC reported. People holding passports that currently arrive in the country without pre-vetting — including European Union, U.S., Canadian, Japanese, Australian, New Zealand…
Honda unveils Autonomous Work Vehicle to enhance workforce productivity
Honda on Tuesday unveiled its prototype Honda Autonomous Work Vehicle (AWV). The fully programmable all-electric Honda AWV leverages the company’s emerging advanced autonomous technology to create a rugged off-road work vehicle that is designed to support construction-related activities and enhance workforce productivity. With the ability to operate autonomously or manually via remote control the Honda…
Careem launches women-driven motorbike service for females
KARACHI, PAKISTAN: Careem has announced plans to launch a new women-driven motorbike service, catering exclusively to its female customers. The service will commence in Karachi and make its way to other cities in Pakistan. Careem welcomes registrations from women who are interested in working as a female Captain to access flexible income opportunities. The service…