News
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Meta working to speed up metaverse, but success far from certain
Analysts say Facebook and Instagram's parent company has toned down the hype a bit as it struggles to reach its goal of creating an interactive virtual world that it sees as the next phase of online activity
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Neeraj Chopra wins CNN-News18's Indian of the Year award
Ranveer Singh, Sania Mirza, Sonu Sood and Yogi Adityanath, among others who were honoured
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Microsoft avoids paying tax in many countries: study
In many cases, Microsoft has paid zero tax in recent years by moving profits to companies tax-domiciled in Bermuda and other well-known tax havens while it continues to receive taxpayer money
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Google allows Donald Trump's Truth Social in Play Store
The app—which Trump launched after being barred from Twitter—had been kept out of Google's store over its lack of moderation tools, including for violent threats. Google said Truth Social has since been updated to comply with its policies barring objectionable posts, and has built in effective systems for reporting and removing unwanted content as well as blocking abusers
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Bank of England struggles to calm markets after latest intervention
This week's actions are a fresh bid to soothe the bond markets in particular, as state borrowing—and its costs—soar following UK finance minister Kwasi Kwarteng's debt-fuelled mini-budget last month. The poor market response to it saw UK bond yields spike and the pound tumble to a record low against the dollar, prompting the BoE to step in over recent weeks vowing to protect the nation's financial stability
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US labour officials propose redefining when gig workers are employees
The move by President Joe Biden's Labor Department would lower a bar set by his predecessor regarding when someone is considered an employee instead of a contract worker. It also comes as "gig economy" companies from rideshare platforms to food delivery services strive to maintain the status quo
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UN urges 'complete transformation' of global energy system to fight climate change
Not only is the energy sector a major source of the carbon emissions that drive climate change, it is also increasingly vulnerable to the shifts that come with a heating planet, the UN's World Meteorological Organization stressed
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IMF cuts 2023 global growth, warns major economies to stall
More than a third of the global economy is headed for contraction this year or next, and the three biggest economies—the United States, European Union and China—will continue to stall, International Monetary Fund economic counsellor Pierre-Olivier Gourinchas warned in a blog post accompanying the fund's latest World Economic Outlook
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CNN-News18 Indian of the Year 2022: Awards to honour sportspersons, climate warriors, social activists, and more
Winners across six categories will be recognised for their efforts and achievements in a ceremony to be held on October 12
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World failing to address 'dangerous' inequality after Covid: Oxfam
The charity assessed 161 governments from 2020 to 2022, and half of the nations covered cut their spending on social protection and 70 percent slashed education. However, only 11 out of 161 nations increases taxes for the rich
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Are steaming platforms and non-Hindi content stealing Bollywood's thunder?
Of the more than 50 Bollywood films released in the past year—fewer than normal because of the pandemic—just one-fifth have met or surpassed revenue targets, said media analyst Karan Taurani of Elara Capital. Pre-pandemic it was 50 percent