News Beat Blogger

  The race to rid the world of carbon emissions has created a potential green trade war between the United States and the United Kingdom. When Joe Biden’s Inflation Reduction Act was passed by the US Congress last summer, it was a good idea. The act included billions of dollars in subsidies for buying electric cars and other eco-friendly products. This was done to boost America’s green economy and fight climate change. But the fact that these subsidies will only be available to people who buy products made in the United States has upset many European countries. They see it as a thinly veiled attempt to get a piece of Europe’s and Britain’s high-tech manufacturing sector by getting European companies to move factories to the US... Read More Source:  California Observer

  According to Toyota CEO Akio Toyoda, the Japanese manufacturer still has the capabilities to be a significant contender. “I don’t want to leave any vehicle enthusiast behind,” declared Toyota CEO Akio Toyoda on Friday at the Tokyo Auto Salon in Chiba, Japan. To that aim, the Japanese carmaker has proposed a proposal to replace existing automobile engines with more ecologically friendly alternatives, such as fuel cells and electric motors. The goal is to accelerate the global transition to environmentally friendly automobiles... Read More Source:  California Observer

  About 25 million people in California are under a flood warning this weekend as the latest in a series of storms that have killed people pours rain on the state. At least 19 people have died, and thousands more people have been told to leave their homes because of flooding. Residents of Montecito, which is 84 miles (135 km) northwest of Los Angeles, think that the rain makes their trauma worse... Read More Source:  California Observer

  McMahon quit as co-CEO and chairwoman of WWE on Tuesday. This week, the WWE has been more crazy than a Friday Night SmackDown. There are rumors that the company will soon be sold to a Saudi Arabian company or that it has already been sold in secret. This happened after Stephanie McMahon, who was Co-CEO and Chairwoman, left the company. McMahon wrote on social media that she would leave her positions as chairwoman and co-CEO on Tuesday and that she is “confident WWE is in the perfect place to keep providing unparalleled creative content and push maximum value for shareholders.”.. Read More Source:  California Observer

  According to the International Monetary Fund’s (IMF) head, one-third of the world economy will be in recession this year. Kristalina Georgieva said 2023 would be “tougher” than last year due to slowing economies in the United States, the European Union, and China. The Ukraine war, rising costs, higher interest rates, and Covid’s expansion in China are all weighing on the global economy. In October, the IMF lowered its global economic growth prediction for 2023... Read More Source:  California Observer

  The Canadian government has said some foreigners cannot purchase property in Canada for the next two years. The ban’s purpose is to make homes more affordable in one of the world’s most costly cities. Some people are opposed to the restriction because they are unsure how it would affect the Canadian real estate market. According to data, Ontario and British Columbia have the highest housing values in Canada, with non-Canadian people accounting for less than 6% of homeowners. Non-Canadian and permanent residents are no longer permitted to own real estate in Canada as of January 1. Violators will face a C$10,000 fine... Read More Source:  California Observer

  Streaming giant, Netflix is rolling out a number of feature changes next year! As Christmas, the end of the year, and 2023 get closer, many people worldwide hope for better luck in the coming year. And like regular people make plans for how they want their lives to go in the new year, so do businesses. And as part of its plans for 2023, the streaming giant Netflix has said that it will stop letting people share their passwords in the days and weeks after December 31. Netflix has had a rough year. After the mega-boom and the long COVID months, the streaming service had to deal with a lot of ups and downs. In the first three months of 2022, many subscribers left the venue. This was partly because people were spending less time at home. Since then, the company has been thinking about how to get more subscribers again... Read More Source:   California Observer