Author: IA PressRoom

© Reuters. FILE PHOTO-A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, July 19, 2022. REUTERS By Josh Smith and Sudev Kiyada SEOUL (Reuters) – For North Koreans, the country’s northern frontier long offered rare access to outside information, trade opportunities, and the best option for those seeking to flee. But as the pandemic gripped the world in 2020, Kim Jong Un’s regime embarked on a massive exercise to seal its borders with China…

© Reuters. FILE PHOTO: Members of the Writers Guild of America (WGA) East picket outside Peacock Newfront streaming service offices, in New York City, U.S., May 2, 2023. REUTERS/Shannon Stapleton/File Photo By Jorge Garcia LOS ANGELES (Reuters) – Unions representing teachers, truck drivers and other workers who will be headed soon to the bargaining table turned out in downtown Los Angeles on Friday to support Hollywood’s striking film and television writers. The Writers Guild of America (WGA) began a work stoppage on May 2 after failing to reach an agreement for higher wages with media companies including Walt Disney (NYSE:)…

The MultiChain protocol and its native token, the MULTI, have been in the limelight in today’s crypto news following reports of transactions on the Multichain protocol being delayed across multiple cross-chain bridges without a clear explanation. This has led to a huge sell-off that resulted in the MULTI price dropping by 20% at press time. A crypto wallet linked to Fantom Foundation reportedly withdrew 449,740 MULTI tokens worth about $2.4 million from liquidity on the decentralized exchange SushiSwap. The sell-off was further fuelled by a tweet that purported that the “multichain team has been arrested by the Chinese police, with…

If you follow IPO news, then you’ll know that every year sees a handful of companies considering initial public offerings have generated the most buzz among stock market investors. In most cases, the anticipation is always around companies seen as having the potential to be major players in their respective industries.  In 2023, there are a number of companies that are likely to see the most interest. Here is a summary of the top IPO statistics. Key takeaways The global IPO market saw a decline in both volume and amounts raised in Q1 2023, compared to the same period in…

© Reuters. FILE PHOTO: Chinese Commerce Minister Wang Wentao speaks at a news conference in Beijing, China March 2, 2023. REUTERS/Florence Lo/File Photo BEIJING (Reuters) – Economic and trade development in the Asia-Pacific still faces many disturbances and challenges, China’s commerce minister Wang Wentao said. Wang made the comments at the Asia-Pacific Economic Cooperation (APEC) conference in Detroit, where he met with several leaders and exchanged views on multilateral and bilateral economic and trade issues amid wider global trade rifts and uncertainties. Wang said he recognized the difficulties faced by the region, but added that China, as a major developing…

The teams on the Formula One grid race 23 times a year. But the sport, as a whole, is in a one-off race of its own: to be net zero in carbon emissions by 2030.Of all the work being done to reach that goal, the vast majority is aimed at reducing outputs from the factories of the 10 teams, as well as the personnel, public and freight travel to race locations around the world. These were estimated in 2018 at 256,551 tonnes of CO₂.Four years on, the sport is scything through those numbers. For example, Mercedes cut emissions from race…

Netflix’s Drive to Survive is typically credited with catalysing the boom in Formula One’s popularity. But it is the racing series’ in-house streaming experiment that is quietly building traction and increasing revenues for the sport.Five years since the launch of F1 TV, the sport’s direct-to-consumer broadcast product is boosting its media rights revenues by attracting millions of subscribers eager to keep up with events throughout the season.F1 TV has increased its global reach by expanding into 186 markets. But the Pro version, which carries live race streams, is available in just 87.It represents a shift from traditional broadcasting models, forming…

Just as I keep buying Asian stocks despite losing money, a fortnight ago I remarried. No longer is it my skin in the game alone. And while I feel like the luckiest man alive, the risk profile of my portfolio has suddenly jumped inversely with my freedom. That is because the spread of possible investment returns has widened. Thankfully, the divorce rate in the UK is a tenth lower for second versus first marriages, as opposed to the US, where it is 10 per cent higher (weird, eh?). And two weeks later, we’re still speaking.Statistically, however, there is a one-third…

Susie Wolff heads a female academy aiming to bring more women to F1. Plus: Teams building up cutting-edge facilities amid cost cap; online subscription apps boost traction and revenues for the sport; Ford partners with Red Bull in return to Grand Prix; and an interview with Zhou Guanyu, China’s first F1 driver

U.S. stocks fell Monday to kick off a fresh week, with the S&P 500 and Nasdaq both down more than 1.2% heading into midday. The Dow Jones Industrial Average DJIA, +1.00% was down about 299 point, or 0.9%, trading near 34,134, while the S&P 500 index SPX, +1.30% was off 1.2% and the Nasdaq Composite Index COMP, +2.19% was 1.4% lower, according to FactSet. Stocks were lower on fears that the Federal Reserve might need to be more aggressive in 2023 in tightening monetary policy than previously expected to tame high inflation, given that the U.S. economy has proven relatively…