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News & Articles By Ramon Tomey
07/12/2022
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By Ramon Tomey
Social media giant Twitter announces layoffs amid snags in Elon Musk deal
Big Tech firm Twitter announced that it will let go of several employees as it deals with issues about Tesla CEO Elon Musk’s purchase of the platform. The San-Francisco based company laid off 30 percent of its recruitment staff on the afternoon of July 7, said a TechCrunch report. A spokesperson confirmed the staff cuts, but declined to […]
07/08/2022
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By Ramon Tomey
FDA to help foreign baby formula makers sell their products beyond current shortage
The Food and Drug Administration (FDA) is set to assist foreign companies who manufacture baby formula in marketing their products beyond the current domestic shortage. According to the Wall Street Journal (WSJ), the regulator is developing a new framework to allow global baby formula makers to stay in the U.S. market. This framework will involve […]
07/07/2022
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By Ramon Tomey
German banks prepare for companies to default on loans due to energy crunch
German banks are preparing for a possible influx of companies defaulting on their loans as the country faces a looming energy shortage. Quoting several high-ranking banking officials, Bloomberg reported that financial institutions in the European nation are expected to put aside extra funds. This, it added, sought to tackle a potential spike in defaults in […]
06/29/2022
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By Ramon Tomey
Argentina, Iran apply to join BRICS group of emerging economies
Argentina and Iran expressed their intent to join the BRICS group of emerging economies. The five-nation bloc represents 42 percent of the world’s population and 24 percent of the global gross domestic product. BRICS is made up of Brazil, Russia, India, China and South Africa. British Economist Jim O’Neill first coined the term in 2001 […]
06/15/2022
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By Ramon Tomey
Bitcoin price crash also triggering downturn of crypto billionaires’ net worth
A plunge in Bitcoin prices negatively impacted the fortunes of several cryptocurrency billionaires. These bigwigs made millions in the crypto market, until downturns in token prices caused their earnings to disappear. Several billionaires in the crypto sector saw their earnings evaporate eight months after the crypto euphoria they capitalized on. Prior to the losses, they […]
06/06/2022
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By Ramon Tomey
Logistics and transportation sectors bounce back as hiring for trucking, warehousing jobs continues to rise
The logistics and transportation sectors appear to be bouncing back, as evidenced by the increased employment for trucking and warehousing jobs. According to the latest edition of the Employment Situation Summary (ESS) release from the Department of Labor‘s Bureau of Labor Statistics (BLS), there had been “notable job gains” in transportation and warehousing. About 13,000 […]
06/06/2022
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By Ramon Tomey
Energy-intensive bitcoin mining raises environmental concerns
Concerns regarding the environmental impact of bitcoin have surfaced despite its rising prominence. Many have criticized the cryptocurrency’s mining process for using up huge amounts of energy. Because of this, the U.S. treasury secretary warned of bitcoin’s “staggering” energy demand and slammed it as “extremely inefficient.” CNBC reported Feb. 22 that U.S. Secretary of the […]
06/01/2022
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By Ramon Tomey
Thousands living in “kingdom” of HOMELESSNESS near Disney World in Florida
Thousands flock to the Disney World theme park in Florida every year to visit the “happiest place on Earth.” But on the way to the park, thousands also wake up to the reality of homelessness every single day. The Daily Mail spoke to some of these individuals, who live in the numerous motels that line […]
05/24/2022
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By Ramon Tomey
BAD POLICY: Indonesia LIFTS BAN on palm oil exports as domestic cooking oil prices plunge
Indonesia recently lifted its ban on palm oil exports as it caused a nosedive in domestic cooking oil prices. Indonesian President Joko Widodo announced the ban’s lifting in a May 19 video statement. First announced on April 28, the ban saw Jakarta halting shipments of crude palm oil and several products derived from it. The decision by […]
05/05/2022
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By Ramon Tomey
“Buy now, pay later” schemes touted by influencers burying Gen Z deeper in debt
Social media influencers on TikTok have been touting “buy now, pay later” (BNPL) schemes for the supposed convenience when it comes to purchasing products and services. However, these installment schemes only serve to bury Generation Z deeper in debt. BNPL apps such as Klarna, Sezzle, Zip, Afterpay and Affirm present themselves as easier and more […]
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