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Month: June 2023

UK recession fears mount after Bank of England hikes borrowing rates by more than expected

By PAN PYLAS Associated Press LONDON (AP) — Fears that the British economy is heading for recession have mounted sharply after the Bank of England raised borrowing costs by more than anticipated. Thursday’s move to combat stubbornly high inflation will hit borrowers hard, particularly homeowners who have to refinance over the coming months. On a

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Shifting S. Africa coal plant for clean energy needs millions in loans; experts say that’s a problem

By MOGOMOTSI MAGOME and SIBI ARASU Associated Press MIDDELBURG, South Africa (AP) — Plumes of heat-trapping pollutants last billowed from the giant stacks of South Africa’s Komati Power Station in October. That’s when the coal-fired plant was shut down to make way for a solar, wind and battery storage plant. Converting Komati to be part

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Titanic-bound submersible suffered ‘catastrophic implosion.’ The US Navy detected an implosion Sunday and told rescuers, an official tells CNN

By Eric Levenson, Priscilla Alvarez, Gabe Cohen, Nouran Salahieh and Oren Liebermann, CNN (CNN) — After a dayslong, massive search for a Titanic-bound submersible that captured international attention, US authorities announced the vessel had suffered a “catastrophic implosion” – and new information from a US Navy source helps shed light on when that disaster may

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Tornadoes tear through northwest Texas town, killing 4 people and causing widespread damage

By KEN MILLER and SARAH BRUMFIELD Associated Press A line of severe storms produced what a meteorologist calls a rare combination of multiple tornadoes, hurricane-force winds and softball-sized hail in northwest Texas, killing at least four people and causing significant damage around the town of Matador. A supercell developed about 8 p.m. Wednesday near Amarillo

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Australian online safety watchdog demands answers from Twitter on how it tackles online hate

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s online safety watchdog has issued a legal notice to Twitter demanding an explanation of what the social media giant is doing to tackle a surge in online hate since Tesla CEO Elon Musk bought the platform. On Thursday, Australia’s eSafety Commissioner Julie Inman Grant said

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