News
-
Thefts, fraud and lawsuits at the world's biggest NFT marketplace
As OpenSea has grown, it has struggled to prevent theft and fraud. The company is facing at least four lawsuits from traders, and one of its former executives was indicted this month on charges related to insider trading involving NFTs. Via NYT
-
Bangladesh port depot fire kills 49, injures 300
The fire started late on Saturday at the depot in Sitakunda, which stores around 4,000 containers, many of them filled with garments destined for Western retailers. Containers holding chemicals exploded, engulfing firefighters, volunteers and journalists in an inferno, hurtling people and debris through the air, and turning the night sky a blazing orange
-
From deflation to war: How the European Central Bank responded to crises, and what's next
The global surge in inflation has brought to an end a long period of low interest rates and forced central banks around the world to try to bring prices under control by raising borrowing costs
-
Google loses defamation fight over YouTube video mocking Australian politician
While Google, owner of YouTube, had initially defended the case, the search giant eventually abandoned its defences, some of which the court said were "obviously hopeless"
-
Forget Twitter. This Musk is into 'toe curling yumminess.'
Tosca Musk, 47, is the force behind Passionflix, an upstart subscription streaming service dedicated to movie and series adaptations of mass-market romance novels and erotic fan fiction
-
Putin's threats highlight the dangers of a new, riskier nuclear era
Russia's regular reminders over the past three months of its nuclear might, even if largely bluster, were the latest evidence of how the potential threat has resurfaced in more overt and dangerous ways
-
Diamonds forge cornerstone of Israeli-Indian relations
Israel's Diamond Exchange is home to some 30 Indian companies, making India the foreign nation with the biggest number of firms on the bourse
-
Who is Mark Zuckerberg's new no. 2? It's a trick question.
While Zuckerberg named Javier Olivan, a longtime executive, to take over Sheryl Sandberg's job when she departs, the importance of the chief operating officer role has diminished at Meta, which was formerly known as Facebook
-
Europe's Russian oil ban could mean a new world order for energy
In the past couple of months, Russia has become the second biggest oil supplier to India, leapfrogging other big producers like Saudi Arabia and the United Arab Emirates
-
Oil price rises even as OPEC boosts output more than expected
In Vienna, the OPEC+ group decided to add 648,000 barrels per day to the market in July, up from the 432,000 bpd increases in recent months, and a shift from the cartel's recent stance of sticking to a planned pace of monthly production hikes
-
US Federal Reserve's Lael Brainard says pause in rate hikes unlikely
Brainard stressed the central bank's priority was to bring inflation down, even if the US economy will slow as a result, but said it was too early to determine when demand will ease and when the labor supply will increase