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Author's articles
Rate-hike fears keep stocks rangebound
European and US stocks moved little Monday as investors awaited more company earnings and worried that central banks may keep raising interest rates for longer than expected. While analysts say cooler inflation has eased pressure on the US Federal Reserve, European Central Bank and Bank of England to keep raising borrowing costs, consumer prices remain elevated.
Top Republican says US House won't raise debt limit without spending cuts
Republican leader Kevin McCarthy vowed Monday that the US House would not approve a "no-strings attached" debt limit increase, adopting a hard line ahead of budget negotiations with President Joe Biden. As the Republican leader in the House before the midterm elections made him Speaker, McCarthy opposed all of these laws. jmb/bys
Fox defamation trial delayed with reports of settlement talks
A defamation trial related to falsehoods about the 2020 US presidential election aired on Fox News was delayed Monday as the network reportedly sought to settle with vote machine maker Dominion. It alleges that the news behemoth promoted Donald Trump's false claims that its machines were used to rig the 2020 presidential election that he lost to Joe Biden.
SpaceX postpones test flight of Starship, world's biggest rocket
SpaceX on Monday postponed the first test flight of Starship, the most powerful rocket ever built, designed to send astronauts to the Moon and Mars and beyond. Starship is both bigger and more powerful than SLS. It generates 17 million pounds of thrust, more than twice that of the Saturn V rockets used to send Apollo astronauts to the Moon.
The major players in gaming industry
Video game companies are fighting it out for a slice of an industry worth an estimated $300 billion, with a series of acquisitions leaving four giants and a clutch of feisty independents. - The independents - Several leading publishers have so far stayed out of the hands of the giants, but could become targets in the near future.
Sega to buy Angry Birds maker Rovio
Japanese gaming group Sega has offered to buy the creator of the popular Angry Birds franchise, Finland's Rovio, in a deal worth more than 700 million euros ($770 million), the companies said Monday. Rovio launched its initial public offering on the Helsinki stock exchange in 2017, valuing the company at almost 900 million euros.
Spain vows to block farming near threatened wetlands
Spain has vowed to block a regional plan to legalise farming near one of Europe's largest and fauna-rich wetlands, where water supplies have plunged due to climate change and agriculture. The PP says the plan will not hurt the wetlands since the newly regularised farms will only use surface water.
Asian markets mixed as wary traders weigh latest data
Asian markets fluctuated Monday as traders weighed a bigger-than-expected drop in US retail sales and a Federal Reserve official's support for further monetary tightening. Analysts said that while the one percent drop in retail sales -- double what was forecast -- could give the US central bank more room to pause, it also revived worries that the world's top economy could tip into recession.
SpaceX Starship, world's biggest rocket, set for first test flight
SpaceX is counting down to the first test flight on Monday of Starship, the most powerful rocket ever built, designed to send astronauts to the Moon and Mars and beyond. Starship is both bigger and more powerful than SLS. It generates 17 million pounds of thrust, more than twice that of the Saturn V rockets used to send Apollo astronauts to the Moon.
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