Monthly Archives: April 2022

Chinese President Xi Jinping warns it could take decades to repair economic damage caused by Ukraine crisis

Chinese President Xi Jinping has urged the EU not to “tie the whole world” to the crisis in Ukraine and warned it could take decades to repair the economic damage. In a virtual summit with European Union leaders on Friday, Xi told European Commission President Ursula von der Leyen and European Council President Charles Michel that the crisis must be “properly handled”. “Many people are very worried that the current situation may destroy the achievements of decades of international economic… Source link

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UConn defies expectations; back in title game

MINNEAPOLIS — It wasn’t supposed to be this way. Not in November when they slid by South Florida only to be crushed by South Carolina in the Battle 4 Atlantis. Not seven weeks ago when Villanova snapped their 169-game conference winning streak. Not even two weeks ago in the second round against UCF when they looked destined to watch the proceedings from their couches in Connecticut. They should have been knocked out multiple times already in a tournament that showcased parity early, but… Source link

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Google Tells Publishers They May Be Demonetized For Ukraine Content – Deadline

Google is notifying publishers that they needs to tread carefully when producing content that “exploits, dismisses, or condones” the war in Ukraine. A message sent late on Friday warned publishers that the demonetization extends to “claims that imply victims are responsible for their own tragedy or similar instances of victim blaming, such as claims that Ukraine is committing genocide or deliberately attacking its own citizens.” Google also indicated that it may also demonetize… Source link

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England’s World Cup ‘dream draw’ is USA’s golden opportunity

Gregg Berhalter made the grand proclamation at his very first meeting with the U.S. men’s national team. “We’re on a mission together,” he told two dozen players, some of whom he’ll take to the World Cup this fall. “What we’re looking to do,” he said on that tranquil day in January 2019, “is change the way the world views American soccer.” He was, at the time, the freshly-minted head coach of a program reeling. Stateside approval ratings had hit 21st-century lows. Worldwide… Source link

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Russia prepared for 8 years to be cut off from the West. Meet the payment system that’s still processing its credit card transactions

Since the start of the Ukraine War, a barrage of western sanctions has crippled the Russian economy and wreaked havoc on its financial system. The country has been largely cut off from the international payment system SWIFT, seen its access to $630 billion in foreign exchange reserves restricted, and watched as more than $17 billion in assets were seized from Russian oligarchs. But for the past eight years, Russia has been preparing for the worst. In June of 2014, just three months after its… Source link

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Google updates Meet to match, surpass competitors

Google plans to roll out a slate of Meet video conferencing updates to match and surpass features in Cisco Webex, Microsoft Teams and Zoom throughout the year. The search giant unveiled the improvements this week, targeting the features at maximizing employee productivity at home and in the office. Many companies have adopted hybrid work as a benefit to retain or attract workers in a tight labor market. Google will roll out a real-time collaboration feature its competitors lack in the… Source link

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Google crackdown means you won’t be able to buy Barnes & Noble ebooks on Android

Starting next week, users of Barnes & Noble’s Android app will no longer be able to buy digital books in the app, and it seems to be due to a Google Play policy deadline that’s been more than a year and a half in the works. And it’s not just Barnes & Noble that’s affected; you aren’t able to buy Amazon’s Audible titles with a debit or credit card in the latest version of its Android app, either. The changes appear to stem from Google’s insistence that apps use Google Play’s… Source link

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Why Russia’s military is so shabby

In 2015, naval observers noticed that Russia had purchased and refurbished a small fleet of dilapidated cargo ships barely suitable for scrap. Russia lacked modern supply vessels and needed the creaky ships to transport weapons and supplies to Russian troops fighting in Syria on behalf of President Bashar al-Assad. In 2018, Russia’s largest floating repair dock sank near Murmansk, in northern Russia, damaging Russia’s only aircraft carrier, the Admiral Kuznetsov. Officials blamed a power… Source link

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What economists are saying about the ‘March Madness’ jobs report

The U.S. labor market extended a streak of strong hiring in March, recording another month of job growth even as decades-high inflation, supply chain imbalances and Russia’s war in Ukraine raised concerns over the economic outlook. The Labor Department reported Friday that non-farm payrolls rose by 431,000 in March. Payroll gains were shy of the 490,000 jobs Bloomberg economists had forecast employers would add and below last month’s blowout tally of 678,000 but still marked an increase… Source link

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Recession warning sign flashes as yield curve inverts

The market’s most closely watched part of the yield curve inverted Friday, and if its record over the last half-century is any indicator, the U.S. could be headed for a recession soon. But others say the Federal Reserve’s unprecedented firefight with high inflation makes this yield curve inversion different from those of decades’ past. On Friday, the yield on the 10-year U.S. Treasury bond ended the day at 2.38%, 6 basis points below the 2-year U.S. Treasury yield of 2.44%. This… Source link

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