Brazil Inflation Overshoots Forecasts Just as Key Rate Starts to Fall
Brazil’s annual inflation accelerated for the first time in over a year, topping economist expectations, as the central
2023-08-11 21:03
Twitter ad sales down by more than half since Elon Musk takeover, report claims
Twitter’s ad revenue in the US has plunged by more than half since Elon Musk took the company over, according to reports. Internal documents show that Twitter made $88 million worth of ad sales between April and May this year, The New York Times reported, marking a 59 per cent drop from the same period last year. Shortly after Mr Musk’s takeover in October 2022, several key sales executives at Twitter where fired, while controversial figures like Donald Trump and Andrew Tate were allowed to return to the platform. Following the sackings and change in policy, several high profile brands confirmed that they would no longer be advertising through Twitter due to concerns with the platform and its leadership. Twitter’s valuation also plunged in the months following the $44 billion takeover deal, with Mr Musk saying in March that the company was worth $20 billion. Investment firm Fidelity has since estimated Twitter to be worth $15 billion. In April, Mr Musk said the firm was “roughly breaking even”, claiming that “almost all advertisers have come back or said they are going to come back”. Last month, Mr Musk announced that he would be stepping down as CEO of Twitter in order to focus on overseeing product, software and sysops as the company’s chief technology officer. His replacement, Linda Yaccarino, appears to have been selected based on her success and connections within the advertising world, having served as an executive for NBCUniversal. Ms Yaccarino and Mr Musk appeared together at a public event earlier this year, giving an indication that her focus will primarily be aimed at developing and improving relationships with advertisers, whose purchases make up the majority of Twitter’s revenue. One potential route to achieving this is by reinstating Twitter’s Influence Council of marketers and advertising executives, which allowed industry figures to give direct feedback on how they wanted the platform to look before it was disbanded. Read More What is superintelligence? How AI could wipe out humanity – and why the boss of ChatGPT is doomsday prepping
2023-06-06 00:57
BOJ seen ending negative rates in April, keep hiking next year - ex-central bank economist
By Leika Kihara and Takahiko Wada TOKYO The Bank of Japan is expected to end its negative interest
2023-11-14 12:47
Jokic leads Nuggets past Warriors in NBA thriller
Nikola Jokic scored 35 points as the Denver Nuggets defeated the Golden State Warriors 108-105 in a blockbuster showdown between the...
2023-11-09 14:09
Temperatures are about to come crashing down with a dramatic fall pattern change
A dramatic change is on the way as a robust cold front delivers the first hefty dose of fall weather by the weekend, sending temperatures tumbling by as much as 35 degrees.
2023-10-04 16:30
'Quordle' today: Here are the answers and hints for August 18, 2023
If Quordle is a little too challenging today, you've come to the right place for
2023-08-18 07:30
‘Once hot, always hot’: Sofia Vergara flaunts ‘ageless’ beauty in unedited new photo with friends
Sofia took to her Instagram on Saturday, May 27, to post a series of new stunning pictures after spending quality time with her school friends
2023-05-30 22:18
Ukraine-Russia war – live: Putin’s troops ‘feeling fatigue’ on frontline as another drone strike hits Moscow
A skyscraper in Moscow was the target of a drone attack for the second time in two days, as Volodymyr Zelensky warned Vladimir Putin the "war is returning" to Russia. Russia’s defence ministry claimed its anti-aircraft units downed drones headed for Moscow, but one of them ended up hitting the same high-rise building that was struck last Sunday. Mayor Sergei Sobyanin said that while the attack damaged the facade of the skyscraper’s 21st floor, it didn’t cause any injuries. Ukraine almost never publicly claims responsibility for attacks inside Russia or on Russian-controlled territory in Ukraine, but has increasingly highlighted how destroying Russia’s military infrastructure helps Kyiv’s counteroffensive. This comes as a 10-year-old girl and her mother were among at least six people killed after two Russian ballistic missiles struck an apartment complex and a university building in Zelensky’s hometown yesterday. At least 75 people were injured in the attack on Kyryvi Rih, as Zelensky called it an act of Russian “terror”. The head of Zelensky’s office, Andriy Yermak said the “Russian army is barraging Kherson” and targetting residential areas, adding that four people had been killed and 17 injured in the city. Read More Drones, military confusion and cracks in Putin’s authority: Ukraine’s push to sow discord in Russia’s ranks UK sanctions Moscow judges after British-Russian dissident Vladimir Kara-Murza’s appeal rejected Ukraine says Russian missiles hit another apartment building and likely trapped people under rubble
2023-08-01 17:49
Ex-USA Gymnastics doctor Nassar stabbed in prison, stable -AP
(Reuters) -Disgraced USA Gymnastics ex-doctor Larry Nassar, who was convicted of sexually abusing young female gymnasts, was in stable condition
2023-07-10 20:57
Senators demand documents from Meta on social media harm to children
A bipartisan group of U.S. Senators has written to Meta Platforms CEO Mark Zuckerberg demanding documents about its
2023-11-16 01:27
This year's Hajj was held in sweltering heat, and for those serving pilgrims there was little relief
As hundreds of thousands of Muslim pilgrims walked in the footsteps of the prophets beneath a sweltering sun, contracted cleaners in lime-green jumpsuits held out matching plastic bags to collect their empty water bottles
2023-06-30 19:40
Godzilla vs King Kong: When Does Warzone's Operation Monarch Start?
Eager to check out Godzilla and King Kong in Call of Duty: Warzone? You might be wondering when Operation Monarch starts.
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