What

2022 - 5 - 10

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Image courtesy of "The Business Times"

Daily Debrief: What Happened Today (The Business Times)

EMPLOYERS should retain and promote flexible work arrangements (FWAs), but they retain the right to decide on such arrangements based on operational needs, said ...

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Image courtesy of "Forbes"

Bitcoin Just Dropped Below $30000—What Drove This Latest ... (Forbes)

Bitcoin prices have suffered some heavy losses lately, falling to less than $30,000 during a day where risk assets experienced a broad sell-off.

But when observed over a multi-year timeline, their overall rise in price was nothing short of meteoric.” Between rate hikes and asset sales, these financial institutions could have a significant impact on the global asset markets, which many believe have become inflated as a result of unprecedented stimulus. “The crypto world is experiencing a rate of adoption globally that is incredibly fast – perhaps at twice the rate at which the internet itself was adopted in the 90s,” Powell noted. “What I think is important to keep in mind here is that, longer term, Bitcoin and the crypto industry more generally are undergoing a process that is quite different from what traditional equities are experiencing right now,” he stated. “Bitcoin’s decline is primarily based on these macro factors and the rising risks of a global credit deleveraging that are at play, as opposed to its fundamentals, adoption, and growth potential,” said Rule. “Rising rates, a historic pace of monetary policy tightening to combat unprecedented levels of inflation, a strengthening U.S. Dollar versus other global currencies, and a deterioration in global growth outlooks are all macroeconomic forces at play that are driving bitcoin lower,” he stated.

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Image courtesy of "Bloomberg"

Making EV Batteries Is Expensive. So Now What? (Bloomberg)

The shock and awe that accompanied CATL's earnings was overly dramatic. Investors need to come to terms with what it takes to build EVs.

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Image courtesy of "ScienceAlert"

Scientists Have Identified What Triggered The World's Biggest ... (ScienceAlert)

Our research reveals Australia's own ancient volcanoes played a big role. Prior to the event in Siberia, catastrophic eruptions in northern New South Wales ...

Australia's super eruptions were a key marker of change in the ancient world. The catastrophic event affected all of the ancient continents. Typically the plant matter accumulated in swamps and was then buried under sediments. And the deadly Mt St Helens eruption in 1980 was about 1km³. Though erosion has removed much of the evidence, the now innocuous-looking rocks are our record of terrifying eruptions. These layers are found across huge areas of NSW and Queensland, all the way from Sydney to near Townsville.

What reproductive rights look like around the world (NPR)

As the U.S. Supreme Court considers whether to overturn the constitutional right to an abortion, here's a look at abortion rights and access around the ...

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