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Why Elon Musk’s US$34 billion loss wasn’t really that – and what it tells us about the philanthropy of the ultra-wealthy

Why Elon Musk’s US$34 billion loss wasn’t really that – and what it tells us about the philanthropy of the ultra-wealthy

Following a sharp drop in Tesla’s share price, outlets reported that the world’s richest person, Elon Musk, had “lost” US$34 billion (£25 billion) in a single day. That figure exceeds the annual GDP of countries…

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What is a ‘bunker buster’? An expert explains what the US dropped on Iran

What is a ‘bunker buster’? An expert explains what the US dropped on Iran

Late on Saturday night, local time, the United States carried out strikes against Iranian nuclear enrichment sites at Fordow, Natanz and Isfahan, marking its open participation in the conflict between Iran and Israel. The US…

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Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites

Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites

Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites by : Reuters Source link

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WhatsApp introducing advertising is a potentially lucrative but risky move

WhatsApp introducing advertising is a potentially lucrative but risky move

The decision to start advertising on WhatsApp marks a major shift for a private messaging service that has long positioned itself as being different from other social media platforms. Back when Meta (then known simply…

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A fireside chat with BIS head Agustín Carstens

A fireside chat with BIS head Agustín Carstens

What inspired you – and kept you motivated – to work in the public sector, whether in the executive, in central banking or at multilateral institutions? My experience of inflation probably was the origin of…

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Robot eyes are power hungry. What if we gave them tools inspired by the human brain?

Robot eyes are power hungry. What if we gave them tools inspired by the human brain?

Robots are increasingly becoming a part of our lives – from warehouse automation to robotic vacuum cleaners. And just like humans, robots need to know where they are to reliably navigate from A to B.…

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Houthis threaten U.S. ships if Washington joins strikes on Iran

Houthis threaten U.S. ships if Washington joins strikes on Iran by : Reuters Source link

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Extreme weather’s true damage cost is a mystery – that’s a problem for understanding storm risk

Extreme weather’s true damage cost is a mystery – that’s a problem for understanding storm risk

On Jan. 5, 2025, at about 2:35 in the afternoon, the first severe hailstorm of the season dropped quarter-size hail in Chatham, Mississippi. According to the federal storm events database, there were no injuries, but…

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Trump administration suspends enforcement of Biden-era farmworker rule

Trump administration suspends enforcement of Biden-era farmworker rule

Trump administration suspends enforcement of Biden-era farmworker rule by : Reuters Source link

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Outsourcing cost of ‘impact’ data could mean 13% more bang for every charitable buck

Outsourcing cost of ‘impact’ data could mean 13% more bang for every charitable buck

Charitable donors often make gifts despite having little information about the organizations they support. Without relevant data, that money may not flow to the charities that evidence suggests are delivering the biggest bang for donors’…

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