Author: admin@primenews

Elon Musk is showing the world how radicalized he has become. The billionaire, one of the most consequential figures to walk the Earth, spent another weekend swimming in the right-wing fever swamps of X — a bad habit that was apparent when his interview with Don Lemon was released Monday morning. In the contentious interview, Musk equated moderating dangerous and appalling hate speech to “censorship,” bashed the press for legitimate reporting, assailed DEI programs without supporting evidence, skewered advertisers who fled the X platform last year and yet again gave credence to the racist Great Replacement theory, among other things. To those not fluent in the intricacies of…

JD Sports has come under fire for posting an advert showing motorcyclists wearing trainers – footwear deemed unsuitable for riding a motorbike. The advertising watchdog has received more than 40 complaints about the ad for Nike Air Max 95s, which also features stunts such as wheelies. Motorcycle groups criticised JD Sports for promoting “inappropriate” footwear and “irresponsible” riding. The company defended its ad and said it takes health and safety very seriously. The sportswear retailer posted the ad on Facebook on 4 March. It features OneWheelWavey, a biker who frequently performs stunts at global events, as well as other riders…

A record 123 million Americans tuned into this year’s Super Bowl. But as well as getting the nation’s biggest sporting event, a blockbuster halftime performance and several camera cutaways of Taylor Swift in the crowd, they also got six 30-second commercials for Temu – a Chinese-owned e-commerce company. The shopping giant has been criticised by politicians in the UK and US – a US government investigation finding an “extremely high risk” that products sold on Temu could have been made with forced labour. Temu says it “strictly prohibits” the use of forced, penal, or child labour by all its merchants. The company,…

Nvidia has unveiled its latest artificial intelligence (AI) chip which it says can do some tasks 30 times faster than its predecessor. The firm has an 80% market share and hopes to cement its dominance. In addition to the B200 “Blackwell” chip, its chief executive Jensen Huang detailed a new set of software tools at its annual developer conference. Nvidia is the third-most valuable company in the US, behind only Microsoft and Apple. Its shares have surged 240% over the past year and its market value touched $2tn (£1.57tn) last month. As Mr Huang kicked off the conference, he jokingly said,…

Ethiopia’s biggest commercial bank is scrambling to recoup large sums of money withdrawn by customers after a “systems glitch”. The customers discovered early on Saturday that they could take out more cash than they had in their accounts at the Commercial Bank of Ethiopia (CBE). More than $40m (£31m) was withdrawn or transferred to other banks, local media reported. It took several hours for the institution to freeze transactions. Much of the money was withdrawn from state-owned CBE by students, bank president Abe Sano told journalists on Monday. News of the glitch spread across universities largely via messaging apps and phone…

Japan’s central bank has raised the cost of borrowing for the first time in 17 years. The Bank of the Japan (BOJ) increased its key interest rate from -0.1% to a range of 0%-0.1%. It comes as wages have jumped after consumer prices rose. In 2016, the bank cut the rate below zero in an attempt to stimulate the country’s stagnating economy. The hike means that there are no longer any countries left with negative interest rates. The BOJ also abandoned a policy known as yield curve control (YCC), which saw it buying Japanese government bonds to control interest rates.…

Donald Trump cannot find a private company to guarantee the $464m (£365m) he has been ordered to pay in a New York civil fraud case. The former president must either pay the full amount in cash or secure a bond in order to continue his appeal. Mr Trump said that securing a bond of that size was “practically impossible”. He faces the prospect of some of his real estate assets being liquidated unless he pays up.v For a fee, a bonding company would guarantee the full amount to the New York court. They would then have to pay it if…

Struggling Chinese property giant Evergrande and its founder, Hui Ka Yan, have been accused of inflating revenues by $78bn (£61.6bn) in the two years before the firm defaulted on its debt. The country’s financial markets regulator has fined the company’s mainland business Hengda Real Estate $583.5m. Mr Hui also faces being banned for life from China’s financial markets. In January, Evergrande was ordered to liquidate by a Hong Kong court. The China Securities Regulatory Commission (CSRC) laid much of the blame on Mr Hui, who was once China’s richest man, for allegedly instructing staff to “falsely inflate” Hengda’s annual results in 2019…

“Port-au-Prince is in panic mode,” a friend in the Haitian capital texted me. Residents of Petionville, a wealthier area of of the city, are shaken after their most violent day so far in the country’s spiralling security crisis. More than a dozen bullet-ridden bodies lay in the street – the victims of the latest gang rampage. As well as the early morning killing spree, the home of a judge was also attacked – a clear message to the country’s elites vying for power. All this in what is supposedly the safe part of town. Unicef’s executive director, Catherine Russell, has…

The future of TikTok is mired in uncertainty in the United States after the House of Representatives passed a bill last week which could ultimately lead to the wildly popular video app being banned. US lawmakers are concerned about Beijing’s influence over the app, and are trying to force its Chinese owner to give up control. In particular, they worry that TikTok, which is owned by Beijing-based ByteDance, could share data with the Chinese government or manipulate content displayed on its platform. So far, there’s little evidence to support these concerns. TikTok has never operated in mainland China — a fact that its Singaporean CEO, Shou Chew,…