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Technology
Cloudflare says it thwarted record-breaking HTTPS DDoS flood
The DDoS attack resulted in 26 million request per second
Technology
Amazon’s troubled drone delivery project is finally taking off
Amazon produced 20 drone prototypes since Air Prime launch
Technology
Crypto winter hits hard as Coinbase lays off 1,100 employees
Long-term stagnation was cited as the cause of the layoffs
Economy
ECB plans to work on a new anti-fragmentation instrument
Upon shocking emergency meeting to address rising borrowing costs
Health
FDA clarifies controversy over Moderna vaccine
97.3 cases per one million doses developed symptoms of carditis
Economy
Today’s emergency ECB meeting addresses current market conditions
The European Fear Scale has reached its highest level since 2020
Energy
OPEC expects oil demand to rise in the second half of 2022
Global oil demand to grow roughly to 3.4 million BPD in 2022
Economy
Fed likely to increase interest rates by 75 basis points tomorrow
If approved, increase will be the largest since 1994
Markets
Global markets’ sell-offs inflict significant losses
Blame the release of the recent US inflation report
Technology
The trades that triggered UST’s collapse
Collapse may pose threat to consumer confidence; unlikely to stop growth
Economy
El-Erian: Inflation in US could reach 9% and lead to a recession
Expect 50 basis points at the Fed meeting
Economy
“Fund” soon in Beirut, as government, banks intensify battle
IMF to open a representative office in Beirut
Energy
Global warming could cost global economy $178 tn by 2070: Deloitte
The losses account for 7.6% cut to GDP in 2070 alone
Markets
Will the “Fed” surprise with higher rates increase than expected?
Barclays is talking about 75 basis points
Technology
Weekly Market Roundup: Cryptos in a holding pattern
Have the markets played their final act?
Technology
Because of TikTok.. Facebook rethinks financial commitment to media
Publishers stand to lose million in payments
Economy
US inflation beats expectations, hits a new 40-year high in May
Yellen says the US is experiencing "unacceptable levels of inflation"
Economy
UNCTAD: Global FDI may decline or remain flat in 2022
FDI rebounded to nearly $1.6 tn last year
Logistics
How long will the chip shortage crisis last?
Sectors recover at different speeds
Logistics
Kia provides vehicle support for FIFA Trophy Tour across the region
The tour is organized by Coca-Cola
Technology
Elon Musk issues direct threat to walk away from Twitter deal
He threatened termination over spam bot dispute
Op-eds
Connected Cars: changing the way the world moves
Are you just driving in your car? That will soon be a thing of the past!
Markets
Tomorrow’s ECB meeting prepares for a “slow and steady” rate increase
Banks are charged a negative 0.5% fee on their central bank deposits
Economy
World Bank slashes global growth forecast to 2.9%
Ukraine war exacerbated the slowdown
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