Global News
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Wheat war: How Ukraine conflict raises hunger fears
Wheat prices were already high before the Russian invasion of Ukraine, and surged even higher after it, exceeding 400 euros ($418) per tonne in May on the European market, double its level last summer
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Many celebs leapt on the NFT craze. Now they see mixed fortunes
Despite a meltdown in the global crypto market, celebrities continue to sign up to the craze for so-called Non-Fungible Tokens. While NFTs are weathering the meltdown better than most cryptocurrencies, many of the NFTs owned by celebrities are now all but worthless, selling for fractions of their original prices—when they sell at all
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Chinese developer Shimao misses $1 billion bond payment
This is one of the biggest such defaults so far this year in the country's troubled property sector which has been struggling since authorities began a crackdown on excessive debt and rampant consumer speculation in 2020
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Ukrainians look to Kyiv beaches for a holiday from war
Many families in Ukraine were dreaming of international holidays before the Russian assault, now they are going to beaches in Kyiv in the hope of some respite. However, despite summer temperatures, the beaches are mostly scarce
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Netflix 'actively' working on ad-supported subscription
The streaming platform was planning to introduce a new cheaper subscription model by the end of the year that would break its taboo on advertising, however there is no clear timeline on the rollout yet
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Perfect EV range extenders: Solar panels provide more juice to electrics
As sales of electric vehicles are soaring, a number of models from carmakers like Toyota, Tesla and Mercedes-Benz, with solar panels are expected to arrive in dealerships in the coming months
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Google's new California offices bank on in-person work
Google expects a norm going forward for people to typically work from the office about three days a week, with that rhythm changing depending on phases of projects and, of course, the tempo of the pandemic
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EU to halt combustion engine sales by 2035
The measure, first proposed in July 2021, will mean a de facto halt to sales of petrol and diesel cars as well as light commercial vehicles and a complete shift to electric engines in the European Union from 2035
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Russia fails to pay debt but denies it defaulted
The Western economic penalties have largely severed the country from the international financial system, making it difficult for Moscow to service its debt, and Russian authorities insist they have the funds to honour the country's debt
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Hong Kong: 25 years on from British to Chinese handover
Twenty-five years after Britain's handover of Hong Kong to Chinese rule, there are no opposition lawmakers left in Hong Kong's legislature. Many have been arrested under a national security law Beijing imposed in 2020 or disqualified from standing for office under new "patriots only" electoral rules
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As US undoes abortion rights, Chile works to enshrine them
If approved, Chile will become one of few countries in the world, and the first in majority Catholic Latin America, to guarantee the right to "voluntary termination of pregnancy" in its founding law