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US

3 women critical, 1 loses leg, after taxi jumps curb in Manhattan; group lifts cab off victims

MIDTOWN, Manhattan (WABC) — Six people were injured, three critically, when a taxi struck a bicyclist, jumped a curb, and plowed into a group of pedestrians in Midtown Manhattan Monday, and we’re learning more about the victims. One of the women pinned by the cab had to have her leg amputated, and another victim may […]

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Finance

US education: soaring costs will curb recessionary admissions surge

Colleges have traditionally acted as economic shock absorbers in the US. When the economy stalls — or is about to stall — demand for higher education goes up. Adult workers return to school to improve their job prospects. Young people stay in class in the hope their graduation will coincide with renewed economic growth. Past […]

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Technology

Downtime impact worsening as industry fails to curb outages

The digital infrastructure sector is struggling to achieve a measurable reduction in outage rates and severity, and the financial consequences and overall disruption from outages are steadily increasing. This is according to the Uptime Institute, which has released the findings of its 2022 annual Outage Analysis report. Andy Lawrence, founding member and executive director, Uptime […]

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Finance

Plans to curb corporate crime put forward to UK government

Proposals to overhaul the law to make it easier to prosecute companies and hold them to account for committing crimes have been put forward to the UK government by the independent agency that reviews legislation. The Law Commission submitted on Friday several possible options to reform the laws governing corporate criminal liability in England and […]

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UK

Tories urged to curb ‘worst rail strike since 1989’ as action threatens to cripple country

In 2019, the Government promised to introduce a required minimum service while strikes are ongoing, which would prevent the total walkouts planned for June 21, 23 and 25. Chairman of the transport committee Huw Merriman appeared on Radio 4’s Today programme to protest the upcoming all-out strike, pointing out the help offered to the transport […]

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Finance

Windfall tax on UK electricity generators would curb investment, Labour warns

The Labour party has accused Rishi Sunak of causing uncertainty and damaging investment plans with his “haphazard, last minute” threat to impose a windfall tax on British electricity generators, a move that wiped £3bn off their share price. The UK chancellor last month warned he would consider hitting power generators with a levy later this […]

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Science

U.S. aims to boost green jobs, curb emissions by capping old oil, gas wells

Carey L. Biron CLEVELAND, Ohio (Thomson Reuters Foundation) – For years, the smell of gas wafting through the grounds of the Franciscan Village senior housing facility in Cleveland was a joke among its residents, although they did not realize where the odor was coming from. A few months ago they found out. An old gas well […]

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Science

Tech titans curb hiring in a ‘challenging macro environment’

PARIS: From e-commerce colossus Amazon to social networking star Facebook, US tech firms that once grew with abandon have reined in hiring to endure tumultuous times. Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble and people returning to pre-Covid lifestyles. Corporate belt-tightening was a common […]

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Science

Tech titans curb hiring in a ‘challenging macro environment’

Issued on: 15/05/2022 – 05:10 Paris (AFP) – From e-commerce colossus Amazon to social networking star Facebook, US tech firms that once grew with abandon have reined in hiring to endure tumultuous times. Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble and people returning to […]

Categories
Finance

BoE must raise rates to 2.5% next year to curb inflation, says think-tank

The Bank of England will need to raise interest rates to 2.5 per cent and keep them there until the middle of the decade in order to bring soaring inflation under control, according to a leading think-tank. The BoE’s monetary policy committee report released last week suggested that 2.5 per cent rates would lead to […]