Business

▶ Major indexes jump by 2 per cent despite recession fears Wall Street's major indexes have jumped by over 2 per cent, despite fears of a looming recession ▶ Luxury watchmaker accepts bitcoin for limited edition collection They say cash is king and some call crypto a waste of time, but one company is proving to customers. ▶ Can Paramount+ 150 international originals compete with Netflix? Seems like we're subscribed to dozens of streaming networks these days. ▶ Musk details Tesla staff cuts Elon Musk, CEO of Tesla, said a 10% cut in salaried staff at the electric car maker will happen over three months. ▶ Fiery response? Biden addresses recession fears U.S. President Joe Biden took a shot at a reporter on Monday. ▶ UK faces biggest rail strike in 30 years The United Kingdom is facing nationwide paralysis as its biggest rail strike in thirty years is set to begin. ▶ Coal comeback? Russia could force Europe’s hand Europe's biggest Russian gas buyers were racing to find alternative fuel supplies on Monday. ▶ Inflation leading to poor mental health and food choices, new report It's no secret that inflation is driving the cost of living to record highs ▶ Elon Musk sued $258 billion for Dogecoin pyramid scheme He may be a billionaire but Musk has been slapped with a hefty lawsuit that will leave even his wallet dry ▶ Biden says recession ‘not inevitable’ in rare public interview U.S. President Joe Biden has hope in his economy, saying a recession is 'not inevitable' during a rare public… ▶ January 6 committee describes efforts to protect VP The January 6 committee has descried chilling new details at the most recent hearing about the effort to protect… ▶ U.S. Fed delivers biggest interest rate hike in decades Wall Street has rallied and the Australian dollar has soared above 70 U.S. cents. ▶ Fallen victim – Hong Kong’s iconic floating restaurant towed Yet another icon has fallen victim to the Covid pandemic. Amazon to offer drone deliveries for parcels Forget cars, trucks and electric bikes your next Amazon delivery could be transported by a drone ▶ AnalysisWhat did the President do and when did he do it? There has never been a hearing in the United States Congress like it in terms of content and drama