World news

Share to Twitter Share to Linkedin Dispatches from Ukraine. Thursday, October 6. Day 225 As Russia’s attack on Ukraine continues and the war rages on, reliable sources of information are critical. Forbes gathers information and provides updates on the situation. By Polina Rasskazova Regional. Zaporizhzhia Region. At 5:00 a.m., Ukraine time, the Russian army launched a massive attack from S-300 anti-aircraft missile systems at the city of Zaporizhzhia. Seven rockets hit high-rise residential buildings in the central district of the city and private sector buildings nearby. As a result of the shelling, three people died and about 12 people were injured, including two children, according to reports from Oleksandr Starukh, the Head of the Zaporizhzhia Regional Military Administration Kharkiv. Last night, the Russian army attacked the eastern city of Kharkiv with Iran-made kamikaze drones. “Fires broke out, non-residential buildings … [Read more...] about Russia’s War On Ukraine: Daily News And Information From Ukraine

- A + A (Oct 6): Treasury Secretary Janet Yellen will propose changes for the World Bank and regional development banks Thursday, pushing them to move beyond country-specific loans to address global threats and speed the flow of private capital to poor and emerging economies. “The evolution of these banks will require changes to incentives, operating models and uses of the banks’ financial resources,” Yellen plans to say in a speech she’s scheduled to deliver in Washington at the Center for Global Development think tank. Portions of the remarks were seen by Bloomberg News . The Treasury chief will endorse the notion that multilateral development banks can substantially increase their lending without significantly increasing risk. The additional capacity at the World Bank, however, would be in the tens of billions of dollars, according to a senior Treasury official, not in the hundreds of billions suggested by a recent study commissioned by the Group of 20 largest … [Read more...] about Yellen calls for World Bank overhaul including scaled-up lending

Source: AFP SoftBank Group Corp founder and CEO Masayoshi Son discussed on Tuesday a long-term cooperation between chip designer Arm and Samsung Electronics, but did not propose the South Korean firm to invest in the British company, a local media reported on Wednesday. The billionaire, who is making his first visit to Seoul in three years, said earlier that he'd like to talk with Samsung about a "strategic alliance with Arm". The visit comes amid speculation over the potential formation of an industry consortium to invest in Arm, whose technology powers Apple's iPhone and nearly all other smartphones, and ensure its neutrality. At a meeting held on Tuesday which Arm Chief Executive Rene Haas also attended, Son did not propose that Samsung buy a stake in Arm or make a pre-IPO investment, the JoongAng daily newspaper reported on Wednesday, citing unnamed industry sources. SoftBank did not immediately reply to a Reuters' request for comment. Samsung declined to comment. … [Read more...] about SoftBank makes no Arm investment proposal to Samsung: Report

Steve Jobs once said having kids was like having "your heart running around outside your body." Parents will instantly understand what he meant. As much joy as your kids bring you, they bring an equal measure of terror. To be a parent is to be perpetually anxious. That's been true since time immemorial, but according to Harvard professor Arthur Brooks in his latest Atlantic column , these days parents often take their natural fear too far. Bombarded by news images of our troubled world and the anxiety of the times, many modern parents end up teaching their kids the world is a scary and dangerous place. You hope that belief will keep your kids safe, but what it actually does is keep your kids from being as happy and successful as they could be, Brooks argues. Fear doesn't keep kids safe but it does make them less successful. To make his case Brooks marshals a small army of research results all pointing in the same direction -- teaching your kids to fear … [Read more...] about Want Your Kids to Be Happy and Successful? Don’t Teach Them the World Is a Scary, Dangerous Place, Warns This Harvard Professor

Share to Twitter Share to Linkedin Pat Condo is CEO and founder of Seekr , an internet technology and content evaluation company. Reflect on the significant shifts in technology and media over the past few decades and a commonality emerges: Many of the companies who were market leaders 20 years ago are often not market leaders today. Unexpected or unforeseen changes in many markets have led to some of these shifts—we can’t forget Internet Explorer’s 95% user share in 2003 rapidly declining due to an evolving internet they weren’t prepared for—but the one trend that many of today’s leaders understand is the unprecedented growth of connectivity and information. According to Our World in Data, about 400 million people worldwide used the internet in 2000, whereas approximately five billion people use it today (about 63% of the global population). The internet is now a global utility and a requirement for work and communication. The ubiquity of … [Read more...] about How To Fight The Misinformation Polluting The World

Share to Twitter Share to Linkedin Elon Musk played AI Day to the crowd with the focus on the Optimus humanoid robot . But while this could have a huge impact on our lives and society if it does enter mass production at the price Musk suggested ($20,000), another part of the presentation will have more immediate effects. That was the status report on the Dojo supercomputer. It could really change the world much more quickly than a bipedal bot. The first thing to underline is that Tesla is a software company that also happens to make the hardware to go with its software. As the driving force behind the emergence of the “software defined vehicle”, Tesla has pioneered integration of systems and connectivity in cars. This has reduced costs, improved features, and made updating capabilities much easier. Rapid software development is where Tesla really beats the competition more than any other aspect, even if the company does have a lead elsewhere too. The … [Read more...] about Tesla’s Biggest News At AI Day Was The Dojo Supercomputer, Not The Optimus Robot

Share to Twitter Share to Linkedin Shirin Etessam is an entrepreneur (founder, OML TV ) and transformational speaker. Her first book will be released in June 2023. Merriam-Webster defines an entrepreneur as “one who organizes, manages, and assumes the risks of a business or enterprise” but, in truth, an entrepreneur is much more. An entrepreneur is a go-getter: someone who is unafraid to take on greater risk to achieve their goals or accomplish the mission. Entrepreneurs solve problems, drive innovation and inspire change. The challenges and obstacles entrepreneurs face are not simple ones; they’re complex, and they require the ability to, as Mohammed Ali said, “float like a butterfly, sting like a bee.” In other words, in order to bring new ideas to life and inspire others to do the same, entrepreneurs should be able to move gracefully through the business world. Moving gracefully as an entrepreneur may sound difficult; after all, … [Read more...] about ‘Float Like A Butterfly, Sting Like A Bee’: Moving Gracefully Through The World Of Entrepreneurship

Share to Twitter Share to Linkedin Inflation Is Forcing 26% of Americans to Stop Paying Off Debts Given the way inflation has been wreaking havoc on consumers since mid-2021, it's easy to see why some people may have racked up debt over the past year. Or, it could be that you had debt before inflation took hold, and that you're still carrying a loan or credit card balance. The sooner you pay off your debt, the less money you're apt to spend on interest. Plus, paying off credit card debt in particular could work wonders for your credit score. But in a recent Morgan Stanley report, 26% of Americans say they're scaling back on paying down debt due to inflation. And that's a move you might regret. [ The Motley Fool ] Only About 30% of Millennials Are Comfortable Investing in Crypto, Down From about 50% in 2021 Cryptocurrency’s popularity with American investors is on the decline. In 2022, only about 21% of Americans feel comfortable investing in … [Read more...] about This Week In Credit Card News: Americans Can’t Pay Off Debt Due To Inflation; Crypto’s Popularity Weakens

Hopes for Thailand’s tourism industry to recover are being challenged by the worst flooding the kingdom has seen in years. With large areas of croplands being suffocated by seasonal storms and rising rivers, food prices are at risk of increasing while tourism recovery is undoubtedly being slowed. According to Bangkok Post , popular tourist destinations are now being flooded by heavy rains after tropical storm Noru hit the country. An estimated 1.2 million rai of cropland was hit with almost 82,000 houses reportedly damaged across 510 districts. As more storms are forecasted for the next few weeks, the government is taking steps to minimise further damage to crops and houses. As rice crops have taken the hardest hit from the rain, Kasikorn Research Centre says that the main rice harvest may drop by around nine per cent. To make matters worse, India and Pakistan are also forecasted to yield smaller harvests this year. “The current flood impact will hit … [Read more...] about Flooding may impact Thailand’s tourism recovery

Share to Twitter Share to Linkedin The Hollywood Reporter is reporting that Rian Johnson’s Glass Onion: A Knives Out Mystery will indeed get a conventional theatrical release, at least for a week. The Daniel Craig-starring feature, a sequel to Lionsgate’s $311 million-grossing (on a $40 million budget) murder mystery comedy thriller, will play in all three of the nation’s biggest theater chains, namely AMC, Regal and Cinemark for the week of November 23 through November 29. It’ll play in other theaters in North America and overseas. So, the good news is that Glass Onion is getting at least a week of theatrical availability, a month before it premieres on Netflix NFLX on December 23. The bad news is that it’s doing so on the one crowded weekend of the year. Had Glass Onion offered itself anytime between early August and mid-September, it likely would have been seen as salvation for theaters struggling amid a distributor-caused famine/slump. … [Read more...] about ‘Glass Onion’: Netflix’s Thanksgiving Release Feels Like A Trojan Horse