Why Goldman Sachs CEO David Solomon thinks the U.S. will avoid recession
Impeachment inquiry launched into President Biden
Is Ukraine too reliant on one man: Elon Musk?
How will industrial reform impact Australia’s entrepreneurs?
Is $10B enough to fix the housing crisis?
BP’s CEO quits amide allegations of secret relationships
Disney returns to BluRay DVDs as streaming woes continue
Elon Musk wants $100m from government for secret plan
The “goldilocks” economy is hitting stock portfolios
Will airfares still be expensive in 2024?
Uncovering the secrets of the Global Food Network
Swoop: Disrupting The Drone Industry With CEO Eric Peck
Presidential Pursuits: Bill Clinton
Boeing 737 Max Crash – Shocking Final Report Clues
China’s Communist Regime Has Its Sights Set On NATO
The role of artificial intelligence in improving mental health
The impact of technology on the next wave of fund managers
The easy way to detox
Is private education really worth it?
Elevating Gitani Stone to success
Published
on
By
Streets, shopping malls, and metro stations were submerged in water, leading authorities to close schools and advise workers to stay home.
This Chinese special administrative region witnessed the highest hourly rainfall ever recorded in its 140-year history, causing cascades of water to flow down its mountainous terrain.
Authorities issued warnings of potential landslides due to the heavy rain.
Hong Kong was hit by a sudden deluge of heavy rainfall, resulting in widespread flooding that transformed streets into rivers and submerged dozens of vehicles https://t.co/FggsMg1pYt pic.twitter.com/TsJ5Lj6lm1
Videos circulated on social media depicted streets transformed into torrents, and one clip showed metro workers wading through waist-deep water in a station, attempting to manage the flow of water pouring down from street level.
The city’s crucial cross-harbour tunnel, connecting Hong Kong Island to Kowloon, also faced significant flooding. Images revealed a waterlogged shopping centre in the Chai Wan district.
Between 11 p.m. HKT on Thursday and midnight on Friday (1500 to 1600 GMT on Thursday), the Hong Kong Observatory reported a rainfall of 158.1 millimetres (6.2 inches).
The weather bureau issued the highest-level “black” rainstorm warning and recorded over 200 mm of rainfall in various parts of Hong Kong since Thursday night.
The extreme weather conditions resulted from the remnants of Typhoon Haikui and the associated low-pressure system, which brought heavy rain to China’s Guangdong coast since Thursday.
The adverse weather was expected to persist until at least noon on Friday, leading to the closure of Hong Kong’s stock exchange for the morning session.
If the “black” rainstorm warning remains in effect by noon, the exchange will remain closed for the afternoon session as well.
Hong Kong’s leader, John Lee, expressed deep concern over the extensive flooding and instructed all departments to respond with “all-out efforts” to address the situation.
Additionally, some passenger and cargo clearance points at two border control points between Hong Kong and the neighbouring city of Shenzhen were suspended due to flooding, as reported by the government.
In the Wong Tai Sin district, vehicles struggled to navigate a major road submerged in water.
Hong Kong’s MTR Corp, responsible for the city’s rail network, announced the closure of at least one rail line, with others operating on delayed schedules due to the adverse weather conditions.
New flaw in Apple devices allowed for spyware infections
North Korea launches tactical nuclear attack submarine
Published
on
By
That’s according to Goldman Sachs CEO David Solomon, who told Reuters that the chances of achieving a soft landing has gone up considerably in the last 12 months.
The banking giant also criticised proposals that would raise capital requirements for larger banks.
But why does Solomon think this, and does more work need to be done?
Published
on
By
McCarthy specified that the inquiry’s focus would center on “allegations of abuse of power, obstruction, and corruption” attributed to President Biden.
Republicans have been actively investigating President Biden’s actions since they gained control of the House in January. Despite months of scrutiny, no concrete evidence of wrongdoing by President Biden has been uncovered. However, the investigations have shed more light on the business dealings of President Biden’s son, Hunter Biden, which Republicans find questionable, and President Biden’s knowledge of his son’s activities.
At a press conference held at the US Capitol, McCarthy asserted that there were “serious and credible” allegations related to the President’s conduct, which, when considered together, suggest a “culture of corruption.” The White House swiftly condemned McCarthy’s decision, with spokesperson Ian Sams stating that House Republicans have investigated the President for nine months and found no evidence of wrongdoing, labeling it “extreme politics at its worst.”
Hunter Biden is currently under federal investigation for potential tax crimes associated with his foreign business interests.
This impeachment inquiry grants congressional investigators greater legal authority, including the issuance of subpoenas for documents and testimony enforceable in court. The US Constitution permits a president’s impeachment for “treason, bribery, or other high crimes or misdemeanors.” The process could lead to an impeachment vote in the House, followed by a Senate trial, which is a political, not criminal, procedure.
Democrats hold the Senate majority and would likely block the proceedings if it advances to that stage. McCarthy’s move to support impeachment could be seen as an attempt to garner support from right-wing House Republicans amid ongoing budget negotiations.
Published
on
By
However, Musk’s involvement took a more consequential turn during Russia’s invasion of Ukraine last year, with ethically murky consequences, Hugo Rifkind recently wrote in the Australian.
When Ukraine’s internet infrastructure was compromised by early attacks, the country’s deputy prime minister, Mykhailo Fedorov, reached out for help on Twitter. Musk, who is an active user of the platform, quickly responded by offering access to Starlink, his satellite-based internet service.
This assistance proved crucial for Ukraine, enabling its military to operate drones effectively in the conflict against invading Russian forces.
Yet, Musk’s engagement in the Ukraine conflict had its limits. When Ukraine sought to use Starlink to target Russian boats in the Crimean port of Sevastopol, Musk refused, resulting in submarine drones losing connectivity and washing ashore harmlessly.
Musk defended his decision, stating that complying with Ukraine’s request would have made SpaceX explicitly complicit in a major act of war.
This ethical dilemma reflects the challenges faced by all parties supporting Ukraine, balancing assistance with the potential repercussions from Russia. However, Musk’s unique position as an influential billionaire adds complexity to the situation.
Should one person have this much influence?
Can regulating Air BNB help alleviate the rental crisis?
Qatar Vs Qantas – the end of the Alan Joyce empire
Will airfares still be expensive in 2024?
What’s the state of the U.S. economy?
Disney returns to BluRay DVDs as streaming woes continue
Elon Musk wants $100m from government for secret plan
Victoria’s Secret returns with ambitious new marketing strategy
North Korea launches tactical nuclear attack submarine
Copyright © 2023 The Ticker Company