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Stock trading platform Robinhood axes staff
Robinhood on Tuesday said it is laying off nearly a quarter of its employees as inflation and a crypto market crash cripple activity on the stock trading platform. "Since that time, we have seen additional deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash," Tenev said.
Sinkhole larger than tennis court has Chile perplexed
Experts in Chile on Tuesday were investigating the appearance of an enormous sinkhole, bigger than a tennis court, that has appeared near a copper mine in the Atacama desert. Chile is the world's largest copper producer, responsible for a quarter of global supply. msa/pa/ad/mlr/to
Strong N.America sales boost Starbucks results despite China hit
Starbucks reported lower quarterly profits Tuesday despite higher sales, as strong demand and price increases in North America mitigated the hit from Chinese lockdowns. The company's profit margins in North America declined on higher commodity and labor costs, a trend partially offset by higher prices.
US sanctions Putin 'girlfriend,' more oligarchs for 'complicity' in Ukraine war
The United States blacklisted Russian President Vladimir Putin's purported girlfriend and the tycoon owner of the second-largest estate in London Tuesday in the latest round of sanctions over the invasion of Ukraine.
Zawahiri killing boosts Biden on Afghan exit anniversary
Weeks before the first anniversary of a retreat from Afghanistan that critics said exposed President Joe Biden's weakness, he shrugged off both Covid and detractors to announce the killing in Kabul of Al-Qaeda's leader -- an operation the Democrat says shows the US remains as strong as ever.
Flight frenzy: Pelosi Taiwan trip swamps plane tracker
Hundreds of thousands of people tuned in to a flight tracking website Tuesday anxious to find out whether US official Nancy Pelosi was in fact going to Taiwan, in defiance of China's angry protests.
Russia jails crusading ex-cop for 5 years
A Russian court on Tuesday sentenced an activist for police labour rights to five years in prison for extortion and distribution of pornography. Moscow's Lyublinsky district court on Tuesday found him guilty of extortion, distribution of pornography and insulting a representative of the authorities, said OVD-Info, a human rights monitor tracking political persecution.
Yemen's warring parties renew truce for two months: UN
Yemen's warring parties agreed to extend a four-month long truce for a further two months just hours before it was due to expire, the United Nations announced Tuesday. - 'Progress slowed' - More than two thirds of Yemen's 30 million people need humanitarian aid, a UN official said last month, and the country has been pushed to the brink of famine.
Perennial insecurity fuels DR Congo's anti-UN protests
Violent anti-UN protests that rocked eastern Democratic Republic of Congo last week, claiming 36 lives, reflect local anger at persistent insecurity in the turbulent region. Local anger boiled over on July 25, when anti-UN protesters ransacked MONUSCO bases in North Kivu's capital Goma.
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