Markets
Forex - US Dollar Rises, Even as Bigger Fed Rate Cut Expected
The data shows the index has inched up to 98.4 from June's final reading of 98.2. economists had forecast the index to hit 98.6. Momentum looked better for Wall Street. Meanwhile, slipped 0.4% to 1.1226, slipped 0.2% to 1.2581, while gained 0.3% to 1.3067. The greenback was almost flat at 107.830 yen after adding 0.4% on Friday thanks to the rise in U.S yields. [Full Article...]
Whirlpool recalls tumble dryers over fire safety fears
Whirlpool recently admitted to MPs that the number of faulty tumble dryers in homes across the country could be far higher than first thought. Tumble dyers from the brands Indesit, Hotpoint, Creda, Swan and Proline made before September 2015 are included in the recall. [Full Article...]
Equifax to pay up to $700m to settle data breach
Credit-reporting company Equifax Inc will pay up to a record $650 million to settle USA federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday. The scandal upended the company, which saw the exit of its chief executive, as its security practices and slow speed in disclosing the breach were challenged. [Full Article...]
Crypto-related crimes cost South Korea $2.3 billion
News platform, The Korean Herald, was the one to have initially reported on this matter, indicating that roughly 132 criminals have since been imprisoned, with another 288 who have been "indicted without physical detention over the cited period". [Full Article...]
NYC recovers power supply to some after heat wave outage
Almost 50,000 New York City residents lost power on Sunday evening as the third day of an intense heat wave grips the city. Con Edison was cutting off power "temporarily" across parts of Brooklyn on Sunday night due to the ongoing heatwave - with some 30,000 customers said to be affected, according to city officials. [Full Article...]
Tesla Supercharger V3 Debuts with Solar Panels and Batteries
The first of these chargers were revealed in March at the Fremont, California based factory of the company. References to the Tesla Supercharger V3 and the use of solar panels to provide power for the chargers had been referenced as far back as 2016. [Full Article...]
The dreaded middle seat may become the coveted seat on planes
Molon Labe Seating's new S1 "Space Seat" design, which was approved by the FAA in June, arranges its rows of economy airline seating so that the middle seat is slightly staggered behind, and below, the window seat and aisle seat on either side. [Full Article...]
Fed's Rosengren doesn't see the case for a U.S. rate cut
Fed policy makers are widely expected to cut rates by a quarter point when they gather July 30-31 in Washington. Rosengren acknowledged that growth had slowed since last year and that global risks had increased, but said he still expects the USA economy to expand by about 2 per cent this year. [Full Article...]