The grand finale of the inaugural Esports World Cup takes place today in Riyadh, Saudi Arabia. The global competition has seen 1,500 world-class gamers take to the stage for the last eight weeks. Usually, esports competitions – where gamers play video games competitively – would focus on one game. This…
Investors proceeded cautiously through the week’s opening days, but the tone shifted on Friday (August 23) afternoon in response to an optimistic announcement from US Federal Reserve Chair Jerome Powell In a Jackson Hole speech, he signaled that the Fed is ready to begin cutting interest rates. Crypto markets also…
The Department of Justice and eight states on Friday accused software company RealPage of unlawfully scheming to undermine competition among landlords and create a monopoly that harms millions of renters. RealPage “allows landlords to manipulate, distort, and subvert market forces,” the Justice Department said in a civil complaint in U.S. District Court in North…
DETROIT — Ford Motor’s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise investors that the automaker believes its new path to profitability for electric vehicles will first be led by smaller, more affordable vehicles. The new plan is an “insurance policy” for…
Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are currently at their highest level in two decades. If a rate cut comes in September, as experts expect, it would be the first time officials have trimmed rates in over…
Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation. At a speech during the Fed’s annual August summit in Jackson Hole, Wyoming, Powell said ‘the time has come…
Russia’s President Vladimir Putin likes to project himself as a strongman. But his track record of handling recent crises in Russia reveals a different side of his presidential persona: one of paralysis and indecision. A day and a half after Ukrainian troops stormed a Russian border crossing and continued, almost…
An Indonesian court ordered two local companies to pay up to 60 million rupiah ($3,850) to each family whose children died of an acute kidney injury or were seriously injured after consuming toxic cough syrup. More than 200 children in Indonesia died of the injury and about 120 more survived,…
Four officers at a maximum security prison in Russia were killed after inmates who identified themselves as affiliated to ISIS took several staff hostage, Russian state media reported. Russian special forces said the alleged hostage takers were all “eliminated” in an operation that saw some hostages freed, at the penal…
The attacker is on the run and police are treating the incident as a terror attack, said a German police spokesperson. Police services are utilizing all available resources, including personnel and vehicles, and a large-scale manhunt is underway, the spokesperson added. The attack occurred at a “Festival of Diversity” being held…