(Bloomberg) -- The world’s richest nation is waking up to an unpleasant and unfamiliar sensation – it’s getting poorer.
The collective net worth of U.S. residents had been climbing at a dizzying rate for the past two years, even as families and businesses contended with the ravages of a pandemic. Households piled up an extra $38.5 trillion from early 2020 to the end of last year, bringing their collective net worth to a record $142 trillion,...
As NASA's James Webb Space Telescope moves through the final phases of commissioning its science instruments, we have begun working on technical operations of the observatory, writes Thaddeus Cesari of NASA's Goddard Space Flight Center. While the telescope moves through space, it will constantly find distant stars and galaxies and point at them with extreme precision to acquire images and spectra. We also plan to observe planets and their satellites, asteroids, and comets in our solar system, which move across...
Alexander Govor, the McDonald’s Corp. franchisee who has bought the chain’s entire business in Russia, will have to create a new brand to replace the “golden arches” that came to symbolize his country’s embrace of capitalism during the Soviet Union’s collapse, Bloomberg reports.
McDonald’s agreed this week to sell its network of 850 restaurants to the former Siberian coal mine owner, saying it would “de-arch” Russia’s largest fast-food chain after it decided to leave the...
Canada says it will ban two of China's biggest telecoms equipment makers from working on its 5G phone networks.
The restrictions against Huawei and ZTE were announced by the country's industry minister on Thursday.
Francois-Philippe Champagne says the move will improve Canada's mobile internet services and "protect the safety and security of Canadians."
But Huawei Canada said it was "disappointed" by the decision, which it said was "political," the BBC reports.
"This is an unfortunate political decision that...
Powerful flares, breathtaking views across the solar poles, and a curious solar "hedgehog" are among the haul of spectacular images, movies, and data returned by Solar Orbiter from its first close approach to the Sun. Although the analysis of the new dataset has only just started, it is clear that the ESA-led mission is providing the most extraordinary insights into the sun's magnetic behaviour and the way this shapes space weather.
Solar Orbiter's closest approach...
Russia's invasion of Ukraine could soon cause a global food crisis that may last for years, the UN has warned.
UN Secretary-General Antonio Guterres said the war has worsened food insecurity in poorer nations due to rising prices, the BBC reports.
Some countries could face long-term famines if Ukraine's exports are not restored to pre-war levels, he added.
The conflict has cut off supplies from Ukraine's ports, which once exported vast amounts of cooking oil as well...
The European Commission has given more details on how it plans to end Europe's dependence on Russian fossil fuels.
Russia supplies 40% of the EU's natural gas and 27% of its imported oil. The EU sends the country roughly $420 billion a year in return.
Now, the EU plans to speed its shift to green energy, but says it must also invest in pipelines in other countries. It has been accused of helping fund the war in...
Social media sites are facing criticism for the spread of graphic and far-right material from Saturday's attack in Buffalo, New York, the BBC reports.
Campaign group Hope Not Hate called the response "wholly inadequate."
The gunman livestreamed the fatal shooting of 10 people at a Buffalo supermarket on Twitch. Twitch quickly took down the livesuffaltream on Saturday – but Meta and Twitter's moderation remains under scrutiny.
The platforms say footage from the attack and links to the shooter's manifesto are...
Turkey's president has restated his opposition to Finland and Sweden joining NATO - just hours after they said they would seek membership.
Recep Tayyip Erdogan said the two Nordic nations should not bother sending delegations to convince Turkey, a key NATO member, of their bids, the BBC reports.
He says he is angered by what he sees as their willingness to host Kurdish militants.
Without the support of all NATO members, Sweden and Finland cannot join the...
Data about every internet user is shared hundreds of times each day as companies bid for online advertising slots, a report suggests.
The study, by the Irish Council for Civil Liberties (ICCL), found that the average European user's data is shared 376 times per day. The figure rises to 747 times daily for U.S.-based users, the report claims.
Revenue from digital advertisements is what keeps most internet services free to use.
The ICCL is currently engaged in legal action...
