Share to Twitter Share to Linkedin Topline The death toll reached 50 among people believed to be migrants who were found Monday in and around a sweltering abandoned tractor-trailer near San Antonio, Texas–a tragedy that appears to be linked to efforts to smuggle people across the border from Mexico. Key Facts There were 46 dead reported Monday, with 16 other people—including four children—found alive at the scene, but three later died at Baptist Medical Center, while a fourth death was also reported, though the circumstances were not clear, according to the New York Times . The trailer was first discovered by a person working in a nearby building on Monday evening after they responded to a cry for help and found the trailer’s doors partially open and the deceased people inside it, San Antonio police chief William McManus told the press . Although the vehicle in question was a refrigerated tractor-trailer, San Antonio Fire Chief … [Read more...] about Death Toll Reaches 50 From Abandoned Truck Near San Antonio
Changli electric truck
UPDATE: Owner of fire building in Bangkok Chinatown to sue electric authority
UPDATE Stall sellers and the owners of the Ratchawong Rungrueng packaging shop building, which caught fire in Bangkok’s Chinatown on Saturday, say they are going to sue the Metropolitan Electricity Authority for negligence after a broken transformer caused the blaze that killed 2 people. The faulty transformer caught fire and quickly ripped through the 3-story building on Ratchawong Road in the Sumphanthawong district of Bangkok, also affecting 4 nearby buildings and stalls, causing the death of 2 people and millions of baht worth of damage. The inspector of police from the Chakkrawat Police Station, Ponlawat Promsorn, yesterday spoke to the building owners, and stall sellers, and they estimated the damage caused by the fire is about 10 million baht. They revealed they are suing the MEA and other relevant departments for their recklessness. The building owner revealed to the police and media that they asked the MEA to repair the transformer many times, but they allegedly did … [Read more...] about UPDATE: Owner of fire building in Bangkok Chinatown to sue electric authority
KK may change bylaws to resolve stray dogs issue
KOTA KINABALU: The Kota Kinabalu City Hall (DBKK) is looking to introduce new rules for dog owners amid growing concerns over the population of stray dogs in the city.It is considering amending bylaws in order to set guidelines limiting the number of dogs that people can keep as pets at their premises. Mayor Datuk Noorliza Awang Alip said at present, one bylaw, which has not been changed since 1963, limited a person to only two canines on their property. “But go around KK and see if that is true. (Some owners) have four to five dogs. “So, at the end of the day, we need to look at the space that a person has (his premises). “Secondly, the rules state that dogs are to only be fitted with steel tags but some people have started using chips. “But (questions like) who will instal the chips and how much is it going to cost us (will arise). So, we need to do further studies on this,” she told reporters after a DBKK gathering with the media here yesterday. She said that a meeting … [Read more...] about KK may change bylaws to resolve stray dogs issue
3 Predictions for How A.I. Will Change Business Practices in the Near Future
The machine learning boom is here, and it's only going to get bigger. When the pandemic decimated workforces and limited in-person interaction, artificial intelligence tools helped companies increase productivity. Industries such as hospitality , healthcare , and energy have all benefited from recent A.I. innovations, but there's more disruption on the horizon. I nstances of businesses using automated experiences are increasing, and automation is expected to grow in both the metaverse and in how companies pursue environmental, social, & governance (ESG) initiatives, according to Pranay Agrawal, co-founder and CEO of A.I. services and analytics provider Fractal. Here are three predictions from Agrawal on some of the next big steps for A.I. Customers will expect more from automation services. When the pandemic hit and businesses scrambled to adapt to a digital world, automation became much more commonplace in everyday life. People became used to seamlessly … [Read more...] about 3 Predictions for How A.I. Will Change Business Practices in the Near Future
Welcome to Thailand’s Post Pandemic Day – July 1. What will change?
Between the start of this year and last Sunday, June 26, just over 2 million foreign travellers were stamped into Thailand at immigration points, mostly at 2 airports – Suvarnabhumi and Phuket. During this time the impediments to arrival in Thailand also became less restrictive. This Friday, July 1, there will be an official declaration that Thailand is now in “post pandemic” mode. The word endemic is being avoided as Thai officials believe it will be up to the World Health Organisation to make that call. Arrivals from overseas have seen some newer demographics taking up the slack since the Russian and Chinese tourists are currently in short supply. It should be noted that these numbers are TOTAL travellers arrivals, not a list of tourist numbers. • India – 220,962 There has been a renewed push for tourists out of India, a country of nearly 1.4 billion and the fastest growing middle class in the world. And only 3.5 – 5 hours flight time from Thailand airports. With the … [Read more...] about Welcome to Thailand’s Post Pandemic Day – July 1. What will change?
Polestar IPO’s meh greeting a troubling signal for EV makers
- A + A NEW YORK (June 28): The lukewarm reception for Polestar Automotive Holding, the latest electric-vehicle (EV) company to go public in the US, is sending an ominous message to other start-ups: The purge is not over. Yes, the auto industry is due for a transformation as oil prices soar and the need for cleaner transportation becomes increasingly apparent. But, runaway inflation and a looming economic downturn are making investors leery of speculative investments, which include EV makers despite the allure of the coming revolution. Polestar's tepid welcome — the stock jumped 16% on its first day of trading on Friday and then dropped 15% on Monday — is the latest evidence of that scepticism. The Swedish electric-car maker went public after merging with blank-cheque company Gores Guggenheim Inc. The company's market valuation stood at about US$24 billion as of Monday's close. "EV stocks benefitted greatly from the abundance of liquidity that had been sloshing … [Read more...] about Polestar IPO’s meh greeting a troubling signal for EV makers
The Crypto Bear Market Could Last Two Years, Top Investors Say
Share to Twitter Share to Linkedin Cryptocurrencies are famous for their wild price swings, and in their short history, they’ve gone through multiple cycles of scorching-hot summers followed by frigid, long winters. The last downturn began in early 2018 and lasted about two and a half years. Over the past three months, with inflation spiking and recession concerns spreading, bitcoin has dropped from a high of $48,000 to roughly $21,000 . Today, some top investors think we’re in for another painful, extended period of low prices. “The next two years are going to be really rough,” says Avichal Garg, a managing partner at Electrical Capital, a crypto investment fund with more than $1 billion in assets. His fundamental views on the industry’s promise haven’t changed. “New software developers are coming in , and we're seeing more and more high-quality founders. We see Web2 executives from Facebook and Google coming in at a faster clip,” he says. But one … [Read more...] about The Crypto Bear Market Could Last Two Years, Top Investors Say
Nearly 1 In 4 People Worldwide At Risk From Flooding, Study Warns
Share to Twitter Share to Linkedin Topline Nearly a quarter of the world’s population lives in an area at risk of flooding and almost all are in low- and middle-income countries, according to a study published in Nature Communications on Tuesday, underscoring the disproportionate impact climate change is having on the world’s poorest. Key Facts An estimated 1.81 billion people around the world are at risk of inundation from a 1-in-100 year flood—a term experts use for floods with a 1% chance of striking every year—according to the peer reviewed study from World Bank researchers. The vast majority—1.24 billion people—live in South and East Asia, the researchers said, with India and China collectively accounting for more than a third of global exposure. An analysis of economic data reveals that flood risk coincides with poverty and vulnerability, the researchers said, with nearly nine out of every 10 people at risk from flooding living in … [Read more...] about Nearly 1 In 4 People Worldwide At Risk From Flooding, Study Warns
What the Business Cycle is Telling us About a Recession
If you're looking for capitulation in 2022, it's in the bond market. And that tells you that investors' confidence in the global economy is very low. Inside the stock market, it's all about defense. Defensive stocks, which include big healthcare companies and dividend-paying value stocks, have been driving the gains. An index of global defensive stocks put together by Goldman Sachs, which is heavy in healthcare giants, has climbed to more than an 18-month high relative to the MSCI AC World Index. Inside the U.S., the defensive ETF ticker DEF has been outperforming the Spider ETF SPY all last week and all year. For market watchers, this feels a whole lot like a recession trade. While investors in the capital markets are battening the hatches for a recession, money in the private markets is also drying up. The value of venture capital deals in the U.S. dropped more than 25% in the second quarter to just $1 trillion, according to Dealogic . M&A activity in the United States … [Read more...] about What the Business Cycle is Telling us About a Recession
UK to cut Heathrow charges after airline protests
Passengers queue inside the departures terminal of Terminal 2 at Heathrow Airport in London, Britain, June 27, 2022. - A + A LONDON (June 28): London's Heathrow Airport will have to lower landing fees over the next four years after Britain's aviation regulator responded to pressure from airlines over the cost of flying at the hub. Heathrow wanted to double the fee it charges airlines in order to provide a better service to customers while retaining the support of its owners, but the plan drew fury from the likes of British Airways and Virgin Atlantic who said the airport was already among the most expensive in the world. The dispute reflects the pressures in the aviation industry as it recovers from the pandemic, and more broadly the need to limit consumer price rises at a time of soaring inflation while still investing to modernise services. The Civil Aviation Authority (CAA) said on Tuesday that the average maximum price per passenger would fall to £26.31 … [Read more...] about UK to cut Heathrow charges after airline protests