Retail sales fell in May as rapidly rising food prices and the cost of living crisis dented people’s confidence in the economy and their desire to spend money. Sales volumes dropped by 0.5% last month as shoppers cut back on spending in supermarkets – which fell by 1.6% – amid soaring costs, according to figures
Month: June 2022
A startup in West Bengal has come out with a device that produces oxygen from water just by pressing of a switch, the founders of the technology claimed. ‘OM Redox’, the device developed by Solaire Initiatives Pvt Ltd, which is incubated in the Webel-BCC&I Tech Incubation Centre here, provides pure oxygen from water, they said.
Conservative Party chairman Oliver Dowden has resigned after the party slumped to two by-election defeats. Mr Dowden said in a letter to Boris Johnson that the defeats were “the latest in a run of very poor results” and added: “We cannot carry on with business as usual.” He is the first Cabinet minister to fall
Boris Johnson has suffered a double blow as the Tories crashed to two by-election defeats in his first test at the ballot box since a bruising no-confidence vote. The Conservatives saw a majority of 24,000, or 40.6%, in the Devon seat of Tiverton and Honiton evaporate – a record reverse for the party – as
The US Senate has passed a rare bipartisan package of gun safety legislation, sending it to the House of Representatives for further approval. The bill, seen as the first significant gun control legislation to pass in three decades, was passed by 65 votes to 33. Fifteen Republican senators joined all 50 Democrats in voting for
In this article TSLA “The past two years have been an absolutely nightmare of supply chain disruptions, one thing after another, and we are not out of it yet,” Tesla CEO Elon Musk said. Patrick T. Fallon | Reuters Tesla’s newest car factories in Texas and Berlin are losing “billions of dollars right now” as
6:10 PM ET Associated Press The New York Racing Association suspended trainer Bob Baffert for one year Thursday for repeated medication violations, A panel credited Baffert for time served from an initial suspension that makes the two-time Triple Crown-winner eligible to saddle horses in New York again Jan. 26. The final decision marks the end
Amazon on Thursday announced a tool to help software developers write code, the latest such effort by the tech industry. The service, called Amazon CodeWhisperer, suggests how to program, and also scans for security and bias issues in web developers’ projects, Swami Sivasubramanian, a vice president at Amazon’s cloud division, said at a company conference
GM’s autonomous driving division, Cruise, has begun its paid driverless taxi service in San Francisco and officially took its first fares last night. Cruise has been operating a free driverless taxi service in the area since earlier this year (and got pulled over once), but last night it began charging for this service. Both Cruise
In this article XOM ExxonMobil is one of the most consequential and profitable companies in U.S. history. For more than a hundred years, the company’s oil and gas have helped power the global economy. But the ExxonMobil of today faces the seemingly opposing priorities of supplying the world with abundant energy and also drastically reducing
3:42 PM ET Associated Press BAD HOMBURG, Germany — Bianca Andreescu reached her first semifinal in over a year, and first on grass, with a 6-4, 6-1 win over top-seeded Daria Kasatkina at the Bad Homburg Open on Thursday. The former U.S. Open winner broke Kasatkina’s serve five times in a dominant showing. It’s the
EU leaders have accepted Ukraine and Moldova as candidates to join the bloc, opening a path to membership that’s likely to take a number of years. President of the European Commission Ursula von der Leyen tweeted that it was a historic moment and a “good day for Europe”. “Your countries are part of our European
Legendary composer John Williams is putting the final notes on what could be his last film score, Indiana Jones 5, after six decades of spell-binding big screen musical works. Williams, responsible for the spine-tingling soundtracks to more than 100 iconic films – from Star Wars, Jaws and Jurassic Park to E.T, Harry Potter, Superman, and
In this article INTC Patrick Gelsinger, Intel CEO, at the WEF in Davos, Switzerland on May 23rd. 2022. Adam Galica | CNBC A large chip factory currently in the early stages of being built outside of Columbus, Ohio, could see its scope scaled back or construction delayed depending on what Congress does with the CHIPS
“I’ve had plenty of luck over the last five years, all of it bad.” So said Sir Rod Eddington, former chief executive of British Airways, the man who steered the airline through the terrorist attacks of 11 September 2001 and an outbreak of the SARS virus 18 months later. Sir Rod, an easy-going Australian who
The Sugababes, comprised of Mutya Buena, Keisha Buchanan and Siobhan Donaghy got off to a strong start when they first arrived on the music scene back in 2000, with their debut single Overload charting in the top ten and being nominated for a Brit Award. But from that point their story veers from the traditional
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