November 15, 20240 Comments

SpaceX President Gwynne Shotwell welcomes competition for Starlink, rockets

SpaceX President and Chief Operation Officer Gwynne Shotwell speaks during the NASA Commercial Crew Program (CCP) astronaut visit at the SpaceX headquarters in Hawthorne, California, U.S., on Monday, Aug. 13, 2018. Bloomberg | Bloomberg | Getty Images SpaceX’s second-in-command urged on rivals in comments Friday, describing competition as healthy for Elon Musk‘s space company. “I hope others can catch up, right? Competition is good for industries. … It keeps us

Read More
November 12, 20240 Comments

Ex-Cleveland Fed President Mester sees fewer rate cuts after Trump win

Federal Reserve chair Jerome Powell speaks during a news conference on Sept.18, 2024 in Washington, DC. Anna Moneymaker | Getty The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump’s proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Mester indicated that the Fed’s outlook was set to change under the incoming Republican administration’s fiscal plans, and

Read More
November 10, 20240 Comments

South Korean president sorry for controversies surrounding wife

South Korea’s president has apologised for a string of controversies surrounding his wife that included allegedly accepting a luxury Dior handbag and stock manipulation. Addressing the nation on television, Yoon Suk Yeol said his wife, Kim Keon Hee, should have conducted herself better, but her portrayal had been excessively “demonised”, adding that some of the claims against her were “exaggerated”. The president said he would set up an office to

Read More