Category: News
China’s Evergrande files for bankruptcy
China’s Evergrande Group — once the country’s second-largest property developer — filed for bankruptcy in New York on Thursday. The beleaguered firm borrowed heavily and defaulted on its debt in 2021, sparking a massive property crisis in China’s economy, which continues to feel the effects. Evergrande filed for Chapter 15 bankruptcy protection, which allows a US bankruptcy…
Read More
Tesla cuts Model S and X prices by over 6% in China
Tesla has cut prices for its existing inventories of its premium Model S and Model X cars in China by as much as 6.9%, it said on Wednesday. A post from the carmaker on social media platform Weibo showed the price of the Model S cut by 6.7% to 754,900 yuan ($103,477.58) from 808,900 yuan…
Read More
300,000-year-old skull found in China unlike any early human seen before
An ancient skull dating back 300,000 years is unlike any other premodern human fossil ever found, potentially pointing to a new branch in the human family tree, according to new research. An international team of researchers from China, Spain and the United Kingdom unearthed the skull — specifically the mandible, or lower jaw — in the Hualongdong…
Read More
Aldi is buying 400 Winn-Dixie and Harveys supermarkets
Grocery shoppers in the Southeast can expect to see more Aldi stores starting 2024. The German supermarket giant is acquiring Winn-Dixie and other grocery stores in the Southeast in a move to increase its presence in the region, the company announced Wednesday. Some of the nearly 400 Winn-Dixie locations Aldi is acquiring will keep the…
Read More
Snapchat users freak out over AI bot that had a mind of its own
Snapchat users were alarmed on Tuesday night when the platform’s artificial intelligence chatbot posted a live update to its profile and stopped responding to messages. The Snapchat My AI feature — which is powered by the viral AI chatbot tool ChatGPT — typically offers recommendations, answers questions and converses with users. But posting a live Story (a short video…
Read More
More than 1.5 million dehumidifiers recalled for fire and burn hazards
Chinese home appliance manufacturer Gree is recalling 1.56 million humidifiers for fire and burn hazards, including reports of 23 units catching on fire, the US Consumer Product Safety Commission announced Wednesday. Along with the fires, consumers reported 688 overheating incidents and $168,000 in property damage, according to the CPSC. The recall includes 42 models of dehumidifiers manufactured…
Read More
This country has finally scrapped the last of its Covid restrictions
New Zealand scrapped the last of its Covid restrictions Tuesday, bringing the final curtain down on one of the world’s strictest pandemic policies as the government said the country suffered a far lower mortality rate than many other nations. Health Minister Ayesha Verrall said the island nation was ending its remaining seven-day mandatory isolation rule…
Read More
Metal detectorists find 2,000-year-old Iron Age gold treasure in Welsh first
Gold coins dating back more than 2,000 years have been found by metal detectorists in Wales, making them the first hoard of Iron Age gold coins to have been discovered in the country. The 15 coins, which have been declared treasure, are known as staters. They were found the Welsh island of Anglesey, off the…
Read More
Australian surfers rescued in waters off remote Indonesian island after 38 hours missing at sea
Four Australian surfers who went missing after their boat was struck by a storm in a remote part of Indonesia have been rescued after more than 38 hours at sea, according to parents of the missing tourists. Australians Steph Weisse, Will Teagle, Jordan Short and two unnamed Indonesian nationals were found “bobbing on surfboards” by…
Read More
‘A real stroke of genius.’ How Apple’s iMac G3 became an object of desire
Beige, boring and a bit too complicated — in the 1990s, personal computers had about as much charisma as an underwhelming date. Compaq and IBM dominated the market, churning out homogenous boxy monitors, keyboards and modems. But, out of the (Bondi) blue in August 1998, soon after its cofounder Steve Jobs had returned to a company in…
Read More