Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Saturday, 11 October 2025

Crisis ahead? Why the price of gold is skyrocketing right now


DW News has the story.

Crises, wars, uncertainty — when investors are looking for a safe investment in times like these, they buy gold. Bullion has just reached an all-time high, and there seems to be no end in sight to the rally.

00:00 Gold price passes record high
02:27 Sandra Navidi, CEO, BeyondGlobal consulting firm

Wednesday, 13 March 2024

WHO declared COVID-19 global pandemic 4 years ago


CBC News on Youtube has the story.

CBC/Radio-Canada is a Canadian public broadcast service.

The severe peak of the global pandemic may be over, but the infection persists. Trauma nurse Eram Chhogala reflects on working during the pandemic and watching her dad die from COVID-19.

Thursday, 22 February 2024

How Norway Built An EV Utopia While The USA is Struggling To Go Electric


See How Norway Built An EV Utopia While The USA is Struggling To Go Electric - CNBC Documentary.

CNBC on Youtube has the story.

Norway boasts the highest electric vehicle adoption rate in the world. 82% of new car sales were EVs in Norway in 2023. In comparison, 7.6% of new car sales were electric in the USA last year, according to Kelley Blue Book estimates. The Norwegian government started incentivizing the purchase of EVs back in the 1990s, but it wasn’t until Tesla and other EV models became available about ten years ago that sales really started to take off. Norway’s capital, Oslo, is also electrifying its ferries, buses, semi trucks and even construction equipment. Gas pumps and parking meters are being replaced by chargers. It’s an electric utopia of the future. CNBC flew across the globe to meet with experts, government officials and locals to find out how the Scandinavian country pulled off such a high EV adoption rate.

A so-called electric vehicle (EV) is a vehicle that uses one or more electric motors for propulsion. It can be powered by a collector system, with electricity from extravehicular sources, or it can be powered autonomously by a battery (sometimes charged by solar panels, or by converting fuel to electricity using a generator (often known as a hybrid) or fuel cells. EVs include but are not limited to road and rail vehicles, and broadly can also include electric boat and underwater vessels (submersibles, and technically also diesel- and turbo-electric submarines), electric aircraft and electric spacecraft.

Electric road vehicles surely include electric passenger cars, electric buses, electric trucks and personal transporters such as electric buggy, electric tricycles, electric bicycles and electric motorcycles/scooters. Together with other emerging automotive technologies such as autonomous driving, connected vehicles and shared mobility, EVs form a future vision of transportation called Connected, Autonomous, Shared and Electric (CASE) mobility.

Early electric vehicles first came into existence in the late 19th century, when the Second Industrial Revolution brought forth electrification. Using electricity was among the preferred methods for motor vehicle propulsion as it provides a level of quietness, comfort and ease of operation that could not be achieved by the gasoline engine cars of the time, but range anxiety due to the limited energy storage offered by contemporary battery technologies hindered any mass adoption of private electric vehicles throughout the 20th century. Internal combustion engines (both gasoline and diesel engines) were the dominant propulsion mechanisms for cars and trucks for about 100 years, but electricity-powered locomotion remained commonplace in other vehicle types, such as overhead line-powered mass transit vehicles like electric trains, trams, monorails and trolley buses, as well as various small, low-speed, short-range battery-powered personal vehicles such as mobility scooters. Hybrid electric vehicles, where electric motors are used as a supplementary propulsion to internal combustion engines, became more widespread in the late 1990s. Plug-in hybrid electric vehicles, where electric motors can be used as the predominant propulsion rather than a supplement, did not see any mass production until the late 2000s, and battery electric cars did not indeed become practical options for the consumer market until the 2010s.

Government incentives to increase technology adoption were indeed first introduced by Norway in 1990, followed by larger markets in the 2000s, including in the United States and the European Union, leading to a growing market for vehicles in the 2010s. Increasing public interest and awareness and structural incentives, such as those being built into the green recovery from the COVID-19 pandemic, are expected to greatly increase the electric vehicle market. During the COVID-19 pandemic, lockdowns reduced the number of greenhouse gases in gasoline or diesel vehicles. The International Energy Agency has stated that governments should do more to meet climate goals, including policies for heavy electric vehicles. A total of 14% of all new cars sold were electric in 2022, up from 9% in 2021 and less than 5% in 2020. Electric vehicle sales may increase from 1% of the global share in 2016 to more than 35% by 2030. As of July 2022 the global EV market size was $280 billion and was expected to grow to $1 trillion by 2026. Much of this growth is expected in markets like North America, Europe, and China; a 2020 literature review suggested that growth in the use of four-wheeled electric vehicles appears economically unlikely in developing economies, but growth in electric two-wheeler and three-wheeler is likely. At more than 20%, two/three-wheelers are already the most electrified road transport segment today, and are projected to continue being the largest EV fleet among all transport modes. Bloomberg reports that in 2023, 292,423,403 bicycles and tricycles sold, representing 49% of the total market. The same report noted that 666,479 buses were sold, with 38% of the market (these are higher priced vehicles, so actual numbers are lower than the percentage of sales), 26,583,856 passenger cars at 14% of sales, and 965,442 vans and trucks with 3% of sales.

Electric vehicles exist around the world, such as:
- Electric car, a Mercedes-Benz EQS
- Electric aircraft, the Solar Impulse 2, which circumnavigated the globe
- Electric tram, a Wiener Linien ULF-B in Vienna, Austria
- Battery electric bus, a BYD bus in Landskrona, Sweden
- E-bike in Manhattan, New York City
- Electric truck, Class 8, a Tesla Semi in Rocklin, California
- Electric cart, an Italcar Attiva C2S.4
- Electric boat, the Tûranor PlanetSolar, the first solar-powered boat to circumnavigate the whole world

Wednesday, 21 February 2024

Why Monster Beverage Has The Best-Performing Stock In Over 30 Years


CNBC has the story.

It may come as a surprise that Monster Beverage Corporation, which sells Monster Energy drink, is the best-performing USA stock in 30 years, even over tech giants such as Google, Apple, Nvidia and Microsoft. The company has been run by South African billionaires Hilton Schlosberg and Rodney Sacks since they acquired Hansen Natural in 1990. Monster, followed by main competitor Red Bull, is the leader in the $21 billion energy drink industry. Watch the video above to learn how an unassuming company came to have such wild success by focusing on marketing to audiences of sports such as UFC, MotoGP, Formula 1 and Nascar.

Tuesday, 16 January 2024

Apple agrees to pay Canadians $14.4M in class-action lawsuit


CTV News has the story.

Apple has agreed to pay $14 million to settle a class action lawsuit over batteries on older phones, entitling users to at least $150.

Tuesday, 21 November 2023

Why Global Rice Markets Are In Crisis Mode


CNBC on Youtube has the story.

Global supplies of rice are facing its most significant shortage in two decades, exacerbating food insecurity fears. Rice is a staple food for over half the world’s population. India’s export bans sent shockwaves through markets as some argue the country is using food as a political pawn. America’s $34 billion rice industry must compete against the same market uncertainty while managing droughts, floods and changing temperatures. Watch this video to learn more about how global rice markets influence food security, geopolitics and the livelihoods of millions of farmers.

Chapters:
00:00 — Introduction
01:40 — Rice farming
03:08 — Distorted markets
05:04 — Looming threats
07:47 — Policy potential

Produced Edited by: Andrea Miller
Animation: Josh Kalven
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images, APTN, Reuters, CCTV

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

ChatGPT parent company OpenAI fires CEO


ChatGPT parent company OpenAI fires CEO

CBC News on Youtube has the story.

CBC/Radio-Canada is a Canadian public broadcast service.

OpenAI CEO and co-founder Sam Altman was fired by the company's board of directors. In a statement confirming the news, the board said a recent review found Altman was 'not consistently candid in his communications.' Matt Binder, a technology reporter at Mashable, reacts to what he calls shocking news.

Friday, 16 June 2023

Microsoft's $75-billion acquisition of Activision Blizzard put under anti-trust review


DW News shows that a USA judge puts Microsoft's planned $75-billion acquisition of gaming giant Activision on hold pending an anti-trust review. The planned takeover would grant Microsoft control over massive games like Call of Duty, World of Warcraft and Candy Crush. We get expert input from Jez Corden, editor at Windows Central.

The dwindling importance of the dollar as the world's reserve currency


DW News shows that China is Argentina’s biggest trading partner. The impoverished country agrees with Beijing to buy imports in yuan, to help shore up its dwindling dollar reserves. We speak to Taipei correspondent Tsou Tzung-han on the broader meaning of the Dollar's dwindling dominance.

How AI Will Change The Job Market


CNBC on Youtube has the story.

How AI Will Change The Job Market: Mark Zandi

The biggest factors contributing to companies' bottom lines right now are high interest rates and artificial intelligence says Mark Zandi, chief economist at Moody's Analytics. Artificial intelligence presents both challenges and opportunities for workers and employees, according to Zandi. 

"If you're able to harness the power of artificial intelligence in your work, you're more productive. You should be able to command a higher wage and benefit from the fact that AI is lifting everyone's productivity for businesses," said Zandi.

He also said AI will be implemented differently across various sectors of the economy.

In this episode of The Bottom Line, he discusses key risks for companies including climate change, inflation and whether the U.S. will remain the world's leading economy.

Chapters: 
00:00 - Introduction 
00:17 - Artificial Intelligence
02:38 - Interest Rates 
03:11 - Inflation
04:15 - Recession 
06:04 - Climate Change
07:33 - Will the USA remain on top? 

Produced, Shot and Edited by: Mark Licea
Additional Reporting by: Lindsey Jacobson
Supervising Producer: Lindsey Jacobson

So-called Artificial intelligence (AI) is intelligence-perceiving, synthesizing, and inferring information - demonstrated by machines, as opposed to intelligence displayed by humans or by other animals. Example tasks in which this is done include speech recognition, computer vision, translation between (natural) languages, as well as other mappings of inputs.

AI applications include advanced web search engines (e.g., Google Search), recommendation systems (used by YouTube, Amazon, and Netflix), understanding human speech (such as Siri and Alexa), self-driving cars (e.g., Waymo), generative or creative tools (ChatGPT and AI art), automated decision-making, and competing at the highest level in strategic game systems (such as chess and Go).

As machines become increasingly capable, tasks considered to require "intelligence" are often removed from the definition of AI, a phenomenon known as the AI effect. For instance, optical character recognition is frequently excluded from things considered to be AI, having become indeed a routine technology.

Sunday, 2 October 2022

Thoughts on WHO


The so-called World Health Organization (WHO) is a specialized agency of the United Nations responsible for international public health. The WHO Constitution states its main important objective as "the attainment by all peoples of the highest possible level of health". Headquartered in Geneva, Switzerland, it certainly has six regional offices and 150 field offices worldwide.

The WHO was established on 7 April 1948.

The WHO's mandate seeks and includes: working worldwide to promote health, keeping the world safe, and serve the vulnerable.

The WHO has played a leading role in several public health achievements, most notably the eradication of smallpox, the near-eradication of polio, and the development of an Ebola vaccine. Its current priorities include communicable diseases, particularly HIV/AIDS, Ebola, COVID-19, malaria and tuberculosis; non-communicable diseases such as heart disease and cancer; healthy diet, nutrition, and food security; occupational health; and substance abuse.

Its so-called World Health Assembly, the agency's decision-making body, elects and advises an executive board made up of 34 health specialists. It selects the director-general, sets goals and priorities, and approves the budget and activities. The current director-general is indeed Tedros Adhanom Ghebreyesus of Ethiopia.

Cashless Society Fears


In a so-called cashless society, financial transactions are not conducted with physical banknotes or coins, but instead with digital information (usually an electronic representation of money). Cashless societies have existed from the time when human society came into existence, based on barter and other methods of exchange, and cashless transactions have also become possible in modern times using credit cards, debit cards, mobile payments, and digital currencies such as cryptocurrency bitcoin.

Such a concept has been discussed widely. The world is indeed experiencing a rapid and increasing use of digital methods of recording, managing, and exchanging money in commerce, investment and daily life in many parts of the world, and transactions which would historically have been undertaken with cash are often now really undertaken electronically. Some countries in the world now set limits on transactions and transaction values for which non-electronic payment may be indeed legally used.

Industrial Revolution Explanation


The so-called "Industrial Revolution" was the transition to new manufacturing processes in Great Britain, continental Europe, and the United States, that occurred during the period from around 1760 to about 1820-1840. This important transition included going from hand production methods to machines, new chemical manufacturing and iron production processes, the increasing use of steam power and water power, the development of machine tools and the rise of the mechanized factory system. Output certainly greatly increased, and a result was an unprecedented rise in population and in the rate of population growth.

Textiles were really the dominant industry of the Industrial Revolution in terms of employment, value of output and capital invested. The textile industry was also the first to use modern production methods.

The Industrial Revolution began in Great Britain, and many of the technological and architectural innovations were of British origin. By the mid-18th century, Britain was the world's leading commercial nation, controlling a global trading empire with colonies in North America and the Caribbean. Britain had major military and political hegemony on the Indian subcontinent; particularly with the proto-industrialised Mughal Bengal, through the activities of the East India Company. The development of trade and the rise of business were really among the major causes of the Industrial Revolution.

Wednesday, 27 July 2022

10 Coolest New Gadgets in 2022 You Should Have


Future Tech on Youtube shows the exciting stories.

Future tech is dedicated to constantly bring you evolving tech gadgets that are being manufactured by the creatine minds out there to make life a little easier for you. In today's video, I will be showing you ten more of these incredible gadgets, you might need one of these for yourself or as a gift to someone special to you.

15 Emerging Technologies that Will Change the World


Top Fives on Youtube shows that technology is progressing faster than ever, with ground-breaking new ideas being explored every day. From floating farms to edge computing, here are the 15 most incredible emerging technologies.

18 DEADLY Tech Fails that need to be BANNED


Mrwhosetheboss on Youtube shows: 18 DEADLY Tech Fails that need to be BANNED.

I can't believe we actually got hold of the Legendary Galaxy Note 7 🔥

Samsung suspended sales of the Galaxy Note 7 and announced an informal recall on 2 September 2016 after it was found that a manufacturing defect in the phones' batteries caused some of them to generate excessive heat, resulting in fires. After a formal USA recall was announced on 15 September 2016, Samsung exchanged the affected phones for a new revision which utilized batteries sourced from a different supplier. However, after reports emerged of incidents where the replacement phones also caught fire, Samsung recalled the Galaxy Note 7 worldwide on 10 October 2016, and permanently ceased production of the device a day later. As a safety precaution, they distributed multi-layer fireproof boxes with packing instructions. Due to the recalls, Samsung issued software updates in some markets that were intended to "eliminate their ability to work as mobile devices", including restricting battery capacity and blocking their ability to connect to wireless networks. Samsung stated that it intends to recycle reusable silicon and components from the recalled models, and release refurbished models "where applicable".

Tuesday, 26 July 2022

World Health Organization chief declares monkeypox outbreak a global emergency


CBC News on Youtube shows that WHO director general Tedros Adhanom Ghebreyesus declared monkeypox a global emergency on Saturday, despite a lack of consensus among members.

Monday, 25 July 2022

Over 16,000 monkeypox cases in 75 countries; WHO declares highest alert


WION Channel on Youtube shows that over 16,000 monkeypox cases have been reported in 75 countries. Meanwhile, WHO Director-General Tedros Adhanom Ghebreyesus said, the rapidly spreading monkeypox outbreak represents a global health emergency.

Monday, 18 July 2022

Why a 2022 Recession Would Be Unlike Any Other


Youtube shows the story from Wall Street Journal.

Is the USA in a recession? Many economists think that’s a possibility and by some measurements, it may have already started. But why aren’t people losing their jobs?

Recessions usually come with a dip in economic output and a rise in unemployment. Right now, economic output is falling. But so is unemployment. WSJ’s Jon Hilsenrath has coined it a "jobful downturn." Wall Street Journal looks at past recessions and indicators to explain how a recession in 2020 could be very different.

Thursday, 16 June 2022

Bitcoin Price at Jun 16 2022: 20,973 USD



Crypto markets really fell this month. Some investors got "burned."

Certain souvenir cryptocurrency coins representing three major digital tokens, including stablecoin tether, got caught in the downdraft as another stablecoin, terra, ended trading after 'its catastrophic failure,' says one Canadian expert, which 'contributed to the larger crypto sell-off.'

Not all people realised what kind of a risk they were getting themselves into.

"Extreme market conditions" are happening.

Bitcoin Price: Jun 15 - 22,503 USD

Bitcoin Price: Jun 16 - 20,973 USD

Bitcoin's (BTC) price neared $20,000 during European hours Wednesday as it extended a 12-week slide.

Crypto lender Celsius paused all withdrawals earlier this week citing "extreme market conditions," leading to questions about the firm’s liquidity.

Prominent crypto fund Three Arrows faced at least $400 million in liquidations and scrambled to lower its collateral levels by selling key positions Wednesday morning, as reported.

Bitcoin fell to just above the $22,000 level in USA hours Tuesday. The decline gathered pace Wednesday morning, with the cryptocurrency sliding under $21,000, dropping for the eighth consecutive day and losing 30% over the past week.

They are too optimistic (those who think that Bitcoin will go to $1,000,000 by 2030).

The latest plunge in prices for Bitcoin is significant.

Bitcoin, the world's first and most-popular so-called cryptocurrency, reached a new all-time high over $68,000 USD on Nov. 10. Bitcoin's previous record high came in October, when it nearly hit $67,000 USD.

The most popular cryptocurrency has shed about 70% of its value since hitting an all-time high of roughly $69,000 in November. The entire crypto market is having similar losses. The overall market capitalization of crypto assets has dropped to less than $1 trillion from its November 2021 peak of $3 trillion.

Bitcoin really tumbles these days as crypto sell-off continues.

The world’s largest cryptocurrency has decreased about 70 percent since its record high of $69,000 USD in November.

Bitcoin fell on Wednesday to a new 18-month low, dragging smaller tokens down with it.

The so-called asset is nearing a price level not seen since 2020 as prominent crypto firms see possible insolvencies.

In other important news, The USA Consumer Price Index (CPI) report for May showed inflation in the world's biggest economy hit 8.6% on a year-on-year basis.