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Brazil Supreme Court bans Telegram over neo-Nazi data

-April 27, 2023

Google, Apple, and four Brazilian telecom companies have been ordered to remove Telegram from their app stores and other platforms after the company failed to turn over all the requested data of neo-Nazi group administrators, the PF Intelligence Directorate announced on Wednesday. Telegram will be fined 1 million reals ($198,000) per day as long as […]

Thefts prompt recall of Kia, Hyundai cars in US.

-April 22, 2023

Attorneys general in 17 states on Thursday urged the federal government to recall millions of Kia and Hyundai cars because they are too easy to steal, a response to a sharp increase in thefts fueled by a viral social media challenge. Some Kia and Hyundai cars sold in the United States over the last decade […]

Israel’s Economy to Shrug Off Any Short-Term Hit on Moody’s Cut

-April 21, 2023

Israel’s economy will overcome any short-term impact from Moody’s Investors Service’s move to lower the nation’s credit outlook on concerns over a planned overhaul of the legal system, according to a senior minister. “I would not put a short on the Israeli economy,” the country’s Economy and Industry Minister Nir Barkat said in an interview Thursday in […]

Tesla Increases Price of Model S, X in US After Shares Slump.

-April 21, 2023

Tesla Inc. increased the prices of Model S and Model X vehicles in the US, after the company’s share price slumped following first quarter earnings.  The Austin, Texas-based automaker raised the starting prices of all variants of its premium Model S sedans and Model X sports utility vehicles by $2,500, or about 2% to 3%, according […]

Canada Matched Biden Subsidies to Win Volkswagen Battery Plant

-April 20, 2023

Prime Minister Justin Trudeau’s government agreed to subsidies that may top C$13 billion ($9.7 billion) over a decade to land a Volkswagen AG electric-vehicle battery plant, the company’s first outside Europe. The money is provided through an unprecedented contract negotiated by Trudeau’s industry minister, François-Philippe Champagne. Canada will provide annual production subsidies as well as a grant […]

Japan’s trade deficit narrows as fuel price falls

-April 20, 2023

Japan’s finance ministry said on April 20 that its trade deficit narrowed to 754.5 billion yen ($5.6 billion) from 898.1 billion yen in February. Economists forecast a deficit of 1.29 trillion yen. Imports grew 7.3 percent from last year, the smallest gain in two years, as a stronger yen and lower prices for commodities including […]

China stocks close down as bumpy recovery damps sentiment.

-April 20, 2023

Chinese stocks fell on Thursday, although information technology shares shot up, as uneven economic recovery after this year’s re-opening from stringent COVID-19 curbs muted market sentiment, according to Reuters. China’s blue-chip CSI 300 Index closed down 0.3 percent, while the Shanghai Composite Index slipped 0.1 percent. The Hang Seng Index and the Hang Seng China […]

Schwab Deposits Tumble 30% as Brokerage Pauses Share Repurchases.

-April 17, 2023

Charles Schwab Corp. deposits tumbled 30% in the first quarter from a year earlier and the firm halted share repurchases amid the worst US banking crisis since 2008. Customer deposits dropped to $325.7 billion as of March 31, Schwab said Monday in a statement, roughly in line with analysts’ estimates. They fell 11% since the end of […]

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