Nick R. Hamilton, Author at Slay News

EU Considers Paying for Elon Musk’s Starlink Internet for Ukraine

The European Union is considering plans to pay for Elon Musk's Starlink to continue providing Internet access for Ukraine, according to reports. A Lithuanian official reportedly told Politico that EU countries are now discussing covering the costs. The news comes as Elon Musk’s aerospace company SpaceX continues to pay for…

Elon Musk: Starlink Adding Donation Feature after Ukraine Funding Controversy

Tech entrepreneur Elon Musk has announced that SpaceX would be rolling out a feature to let people donate Starlink satellite internet units to places in need. The move comes after Musk said that the aerospace company could no longer continue to fund Starlink in Ukraine “indefinitely.” In a Monday post…

General Motors Secures LandMark Deal with Australian Critical Minerals Company

Automotive giant General Motors (GM) has signed a landmark deal with an Australian critical minerals company. The agreement will secure the future production and supply of critical minerals for batteries used in electric vehicles (EVs). The deal is critical to secure “all battery raw material to support GM’s goal of…

IMF: Higher Inflation Requires ‘More’ Monetary Policy Tightening in Asia

The International Monetary Fund (IMF) has warned that Asia’s central banks must tighten monetary policy further to ensure that inflation returns to target levels. The warning from the IMF comes as currencies across the region weaken. The director of the IMF’s Asia and Pacific Department, Krishna Srinivasan, said that a…

India Increases Festival Spending despite Red-Hot Inflation Concerns

Consumer spending is increasing in India during the Hindu festival season, despite major concerns about red-hot and rising inflation. The festival season started began in September, with sales already exceeding pre-Covid spending. Online and offline sales are projected to exceed $27 billion in November. Offline festival sales have totaled nearly…

Trump’s Truth Social App Approved on Google Play Store after Months of Deliberations

President Donald Trump's social media platform Truth Social has finally had its app approved for distribution on the Google Play Store. The 45th president founded the company under his Trump Media & Technology Group (TMTG). Truth Social's app approval comes after months of back-and-forth pertaining to the platform’s content moderation…

Federal Budget Deficit Hits $1.4 Trillion, Despite Shrinking: CBO

By the end of the fiscal year 2022, the U.S. federal budget deficit was a staggering $1.4 trillion, despite shrinking, according to estimates published by the Congressional Budget Office (CBO). For this past fiscal year, which ended September 30, the deficit was around half of the prior year. For the…

Over 50% of World’s Poorest Need Urgent Relief as Serious Debt Crisis Unfolds, UNDP Warns

Over 50 percent of the world's poorest people are in need of urgent relief amid a mounting serious debt crisis, the United Nations Development Programme (UNDP) has warned. On Tuesday, the UNDP warned that the looming debt crisis could have disastrous effects on the world’s poorest. In a new report…

Gas Prices Continue to Rise, Diesel Back Above $5 as ‘Ugly Inflation’ Returns

Gas prices are on the rise again in the United States as “ugly” inflation returns. While gas prices are rising, diesel is now back up over $5. The hikes come after months of volatility and are expected to increase further over the next few weeks, industry experts have said. In…

South Africa May Start Taking Land from White Farmers without Compensation

South Africa may start confiscating land from white farmers without giving them compensation, according to reports. South Africa’s National Assembly passed a bill on September 28 that would allow the government to seize land without paying the owners. The practice is known as "expropriation without compensation." “This thing is emotional.…