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News US Inflation Falls to Lowest in more than a Year June 19, 2023 The rising US inflation is being eased by a sharp drop in energy prices, especially gasoline. The US Labor Department said that over the past 12 months, US inflation was 6.5%, down from 7.1% in November. Business Google to Build Retail Village in MV June 20, 2023 Google has received approval to construct thousands of residences, offices, and hotels in a shopping center close to its Mountain View headquarters. Lifestyle The Meaning Behind Afrofuturism June 21, 2023 It has been nearly three decades since cultural critic Mark Dery coined the term “Afrofuturism” in response to the hypothetical inquiry. Sports $25 million lawsuit against Cristiano Ronaldo thrown out by US court June 19, 2023 A Nevada woman has lost her quest in a US court to compel Manchester United star Cristiano Ronaldo to return millions of dollars in hush money she received after alleging he raped her in Las Vegas in 2009. 

  Disney CEO Bob Iger has stated that there would be sequels to Toy Story, Frozen, and Zootopia. He also explained how the corporation intends to revitalize its streaming business. Mr. Iger stated that Disney’s animation studio is working on sequels. The firm also revealed its first dip in subscriber numbers since the launch of its Disney+ streaming service in 2019. And, as part of a major restructuring within the entertainment conglomerate, Mr. Iger announced the elimination of 7,000 positions. Mr. Iger addressed how he wanted to profit from some of the company’s most successful franchises during an investor call. He promised to share more about the production shortly, but he also said it was an excellent illustration of how Disney is focusing more on its unrivaled brands and franchises. The most recent films are the third installment in the Frozen trilogy and the second in the Zootopia series. There have already been four Toy Story films, as well as the spin-off Lightyear, which ...

Since Elon Musk stormed into Twitter headquarters in San Francisco three months ago, the company has hardly been out of the news. We’ve talked about what he thinks about the social network and some of his more controversial business moves, like letting go of half the staff. But we haven’t talked as much about how the 237 million people who use the platform every month have changed since he took over. Stopping alternative ways to use Twitter The most recent change is that Twitter stopped letting other platforms use its API to talk to it. If you use a social media manager to check your Twitter account instead of the Twitter app or website, you might find that Twitter doesn’t work with it right now. It needs to be clarified if the move was done on purpose, but many experts think it was… Read More Source:  California Observer

  According to new information, the prices of plane tickets and bus rides went up at a record rate in December. In the year leading up to December, official numbers show that plane tickets went up 44.1%. Since the late 1980s, this is the biggest jump. In December, people could go to many long-distance places without Covid restrictions for the first time since 2019. Analysts said that the main reason plane ticket prices went up was because jet fuel prices went up. Since rail strikes made bus tickets more expensive, there may have been more demand. Compared to December of the previous year, the price of a bus ticket went up by 17.5% in December. People had trouble getting where they needed to go in December because of rail strikes, so many took the road over the holidays. In December, the overall rate of inflation was 10.5%. This was because both plane and bus tickets cost more. Last month, inflation was lower than in November and October, but price increases are still at their highe...

  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

  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

  Despite reporting record-breaking sales of £3.3 billion, Facebook operations in the UK paid £29 million in corporation tax last year, and its average employee salary increased to $262,000 as a result. According to the social media company’s most recent financial reports for its London-based division, gross advertising revenues increased by more than 37% in 2017 from £2.4 billion to £3.3 billion. The second-largest participant in the UK digital advertising business behind Google is Facebook’s parent company, Meta, which also owns Instagram and WhatsApp. According to its Companies House filing, Facebook UK reported pre-tax profits of £229.5 million last year. The company describes itself as a supplier of sales support, marketing services, and engineering support to the Meta Group. This was an increase of more than a fifth above the £190 million the company made in 2020... Read More

  Foxconn, an Apple supplier, says its November sales were down 11% from the same month in 2021. This is because of problems at the world’s largest iPhone factory. It says coronavirus restrictions at its plant in Zhengzhou, China, are to blame for the drop. Even though it made a record 5.9 trillion New Taiwan Dollars (£160bn) from January to November, its sales were down 29% from October. Compared to the same time in 2021, that is a 13.5% rise. The electronics company, which also makes game consoles like the PlayStation 5, grew because of “strong sales” and “better component supply.” However, coronavirus restrictions caused the drop in November, the company said. Protests slow down work… Read More Source —   California Observer

  Twitter owner Elon Musk said that since he took over, “hate speech impressions” had dropped a lot on the site since he took over. It was a surprising claim, given that Musk has fired hundreds of people and forced them to leave. Musk has also publicly criticized the company’s rules about content moderation and taken away resources that the company needed. T wo watchdog groups conducted research on Friday that showed Musk’s false claim. The research gave one of the clearest pictures of the rising rate of hate speech on the platform. In reports, both the Center for Countering Digital Hate and the Anti-Defamation League said that the amount of hate speech on Twitter had grown a lot while Musk was in charge. In particular, the Center for Countering… Read More Source —  California Observer