Economy

Biden: ‘We’re Not Going to Be in a Recession’

Biden: ‘We’re Not Going to Be in a Recession’

Democrat President Joe Biden is insisting that the United States is not slipping into an economic recession. Biden was promoting a view that is being pushed strongly by the White House ahead of the soon-to-be-released Q2 GDP numbers. “We’re not going to be in a recession, in my view,” Biden…
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U.S Economy Crashes into Contraction for First Time Since 2020

U.S Economy Crashes into Contraction for First Time Since 2020

The United States economy has suffered a major downturn in July, crashing into contraction for the first time since the impact of the pandemic hit in 2020. The downturn has been led by a crash in service sector activity and a decline in manufacturing production. The plummet was revealed in…
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Netflix to Crack Down on Password-Sharing with ‘Add a Home’ Fee

Netflix to Crack Down on Password-Sharing with ‘Add a Home’ Fee

Netflix has announced that it will expand its crackdown on subscribers sharing their passwords with friends and family members from different households. Users of the streaming platform in certain test countries will soon be asked to “add a home” for an extra fee if they want to share their account…
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Sri Lanka Placed under Emergency Declaration Ahead of Vote for New President

Sri Lanka Placed under Emergency Declaration Ahead of Vote for New President

Crisis-hit Sri Lanka’s acting president has declared a state of emergency across the island nation ahead of the parliamentary vote for the country's new leader. Acting President Ranil Wickremesinghe, who previously served as the country’s prime minister, issued the emergency proclamation on Sunday. Wickremesinghe said an emergency declaration would be…
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