Social Financial News

NEW DELHI : Six major Asian economies, China, Hong Kong, Japan, South Korea, Singapore and Taiwan, which comprise one-fifth of the world’s population, will experience rapid decline in their working-age populations that is expected to drop about 10 percentage points by 2050 to 59% of their total populations on average, leading to major impact on global economic growth, Moody’s Investors Services said in a report on Wednesday. The drag on growth and public finances for these economies will be significant, barring gains in productivity, workforce participation or quality of available labour, said the report titled “Aging in key economies will drag on growth and finances, with global credit implications".

HONG KONG—China’s former foreign minister, who was replaced on Tuesday after he went missing from public view for more than a month, is now disappearing from parts of the Foreign Ministry’s website—an erasure that is intensifying intrigue around what happened to him. Authorities didn’t provide a reason for their decision to removeQin Gang from his post, which has now been filled—at least temporarily—by his predecessor Wang Yi. The Foreign Ministry previously cited unspecified health reasons for Qin’s absence.

When 18-year-old LeBron “Bronny" James, Jr. suffered cardiac arrest on Monday during a basketball workout at the University of Southern California, whose basketball team he committed to in May, he joined a lengthening list of prominent athletes who have done so in recent years. Then-University of Florida basketball player Keyontae Johnson collapsed during a game in 2020, and James’s current USC teammate, Vince Iwuchukwu, did the same during an informal team practice last summer.

HEFEI, China—More than one in five young people in China are jobless. The government casts much of the blame on the job seekers themselves, insisting that their expectations have gotten too high. Young people need to stiffen their spines and embrace hardship, says leader Xi Jinping, who labored in the countryside in China’s Cultural Revolution.

Congress leader Rahul Gandhi on Wednesday hailed the Rajasthan government for getting a bill on the welfare of gig workers passed in the Assembly, saying «we always stand with the poor and hardworking people» of the country and fulfil promises to them. Gandhi's remarks came two days after the Rajasthan Assembly on Monday passed a bill for the formation of a welfare board as well as a fund for platform-based gig workers in the state and to facilitate social security for them. The Platform-Based Gig Workers (Registration and Welfare) Bill, 2023, was passed in the Assembly without a debate amid uproar by the opposition members in the House. In a tweet in Hindi, Gandhi said the Congress government in Rajasthan has brought in a new law, the first in India, to give more than three lakh gig workers of the state their rights and self-respect. «This law will provide financial security to the workers of the gig economy and will become the basis of reliable employment for crores of youth,» he said. «During the Bharat Jodo Yatra, I met many gig workers, some taxi drivers, and some delivery persons — uncertain future in work, and also risky due to always being on the streets. All of them said one thing, they work hard day and night but they do not have any financial security, neither the government listens to them, nor brings any concrete plan for them,» the Congress leader said.

ALS has suffered a first strike against its pay practices, despite the chairman saying the laboratory testing giant had been placed in a “ridiculous situation” around remuneration disclosure laws that compelled it to pay nearly $1.5 million in retention bonuses.

Elon Musk has taken over the @x Twitter account as part of the social network’s ongoing rebrand after the after the previous owner of the account moved to a new one. Gene X Hwang, a photographer in San Francisco, was behind the social network’s “@x" handle until Tuesday night when it was changed to the official account for X, Musk’s new name for Twitter. The single-letter username was registered to Gene X.

New York City authorities are cautioning the public to stay away from a specific section of Manhattan on Wednesday morning. Social media users are sharing videos and pictures of a construction crane that caught fire after partially collapsing. The New York City Police Department posted a tweet advising people to avoid the vicinity of 10th Avenue and 11th Avenue, stretching from West 41 Street to West 42 Street, due to the crane collapse.

Telangana killed his younger sister in Bhadradri Kothagudem district after an argument ensued over her social media videos. The man was left enraged after his sister refused to heed his warning not to make videos and post them on a social media platform, PTI reported, citing police on Wednesday. The incident happened in Yellandu mandal of the district on July 24, and the 21-year-old woman died while being shifted to a hospital, they said.

SBB abruptly ended talks with Canada’s Brookfield Asset Management Ltd. over the sale of a 51 per cent stake in a portfolio of school buildings, reflecting the struggles the embattled Swedish landlord faces to close a looming funding gap.

New Delhi: The government on Wednesday tabled the Registration of Births and Deaths (Amendment) Bill, 2023 in the Lok Sabha. The new bill mandates Aadhaar number use for birth certification. This development is part of an amendment to the original 1969 Act, which could streamline the processes for registering births and deaths.

Narendra Modi led BJP-NDA alliance prepares to face opposition queries on violence stricken Manipur following a no confidence motion that was tabled by Congress MP from Assam, Gaurav Gogoi, fake news, rumours and fault lines seem to emerge into what triggered the sexual assault of Kuki Zo women on 4 May. Manipur, now the centre of national attention, has historically been known to have held the women in the various indigenous communities on a pedestal.

Elon Musk, the owner of Twitter, has announced a m... moreElon Musk, the owner of Twitter, has announced a major rebranding of the platform, bidding farewell to the iconic blue bird logo and renaming it x.

The price of Dogecoin (DOGE) has gained by 1.5% in the past 24 hours, climbing to $0.078600 after Twitter rebranded to 'X' and Elon Musk put the cryptocurrency's logo in his bio on the social network.

Greta Gerwig's 'Barbie' might be minting money at the global box office but tech billionare Elon Musk is not impressed by it. In fact, the Twitter boss has called out the film for its overuse of the word 'patriarchy'. On Wednesday, Musk cracked a joke at the film's feminist themes and tweeted, «It you take a shot every time Barbie says the word „patriarchy“, you will pass out before the movie ends.» His tweet was in response to a meme that compared the Twitter symbol to Barbie and his own social network's new symbol, labelled X, to Oppenheimer. 'Barbie' has been making headlines globally, breaking records at the box office and becoming the highest-grossing film directed by a female director.

New Delhi: Union home minister and minister of cooperation Amit Shah will launch ‘Mera Gaon Meri Dharohar’ as part of Azadi ka Amrit Mahotsav on 27 July, the ministry of culture said. It is a pan-India initiative of the Ministry of Culture under National Mission on Cultural Mapping. Shah will officially launch the virtual platform during a grand projection mapping show at the Qutub Minar.

China's Wuhan suffered a cyberattack from overseas hackers, local authorities said on Wednesday. China's state media, including Global Times and a social media account run by CCTV, claimed the attack was «government-backed» and came from the United States.

By Steve Scherer and David Ljunggren

As Elon Musk's Twitter rebrand continues to send shockwaves around the world, redefining a leading platform in the social media space, off-shoot 'X' meme tokens have seen sensational returns.

An unexplained outage at Chase Bank led to interruptions for users of the Zelle payment network, who took to social media to complain

Months after the last newspaper closed in a declining coal community in West Virginia, residents say they are already experiencing challenges getting and sharing information