Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
In a tweet early Wednesday, Musk called on the Fed “to cut interest rates immediately” or risk “amplifying the probability of a severe recession.”
Airbus develops fuel-cell engine for hydrogen plane
Airbus has started developing a fuel-cell engine, it said on Wednesday, sticking with plans to introduce a hydrogen-powered commercial aircraft by 2035.
Trenches, mud and death: One Ukrainian battlefield looks like something out of World War I
The sight of trenches, endless mud and mass destruction is reminiscent of World War I, but that’s the reality in Ukraine today.
Euro zone inflation rate eases slightly to 10% as surge in energy prices slows
Euro zone inflation eased in November, but the European Central Bank remains under pressure to deal with the recent record rise in prices.
China EV maker XPeng pops 45% despite posting wider than expected loss; deliveries expected to fall
Chinese electric carmaker XPeng posted a wider than expected loss and its revenue missed expectations in the third quarter.
Apple limited a crucial AirDrop function in China just weeks before protests
AirDrop has become an important tool in protestors’ efforts to circumvent authoritarian censorship regimes over recent years.
Singapore’s deputy prime minister calls FTX loss ‘disappointing,’ pledges to improve the process
Singapore’s deputy prime minister says Temasek’s $275 million loss in bankrupt crypto exchange FTX is ‘disappointing’ but investing is of a risk-taking nature.
Europe’s biggest buyer of bonds is starting to think about selling
The ECB is set to discuss and reveal more concrete details on how it will unwind 8.8 trillion euros ($9.21 trillion) from its balance sheet
Former President Jiang Zemin, who guided China’s rise, dies at 96
Former Chinese President Jiang Zemin died on Wednesday at the age of 96, Chinese state media reported.
Zelenskyy says Ukraine prepares ‘powerful countermeasure’; EU seeks special court to investigate Russia war crimes
Ukraine’s President Volodymyr Zelenskyy described the situation at the front as difficult, with intense fighting in the east, northeast and south of Ukraine.
