Section: Business Insider (USA)
The Bidding For The 2022 Olympics Is A Disaster Because Everyone Figured Out That Hosting Is A Total Waste
Oslo has pulled out of the running for the 2022 Winter Olympics after the Norwegian government advised against hosting. That leaves Beijing, China and Almaty, Kazakhstan as the only remaining cities involved in the bidding process. Researchers have known for years that hosting large sporting events like the Olympics always costs more than...
North Korea Claims It’s Making Progress Towards Building A Nuclear Device It Could Actually Use
North Korea has tested three nuclear devices, but alarm over the program has been tampered by the hermetic country’s apparent failure to miniaturize an atomic bomb to a size at which it would be practical as a weapon. Even if Pyongyang has proven nuclear capabilities, there’s little direct evidence that they’ve managed to build...
The Most Terrifying Sinkhole Pictures You’ve Ever Seen
Sinkholes are scarily common, and although some are small and harmless, others open gaping holes in the ground that could swallow entire buildings — or passing cars. Recently, a sinkhole that formed in the middle of a highway in Crimea killed six people traveling in a car that fell into the hole. Sinkholes occur when bedrock made of limestone or...
Kvitova overcomes Peng, Wozniacki crashes in China
Beijing (AFP) – World number three Petra Kvitova opened her campaign to win a second consecutive tournament in commanding style Wednesday, while Caroline Wozniacki crashed out of the $5.4 million China Open in straight sets.Kvitova defeated home-crowd favourite Peng Shuai 6-4, 6-2 in her first match since her victory at the Wuhan Open last...
‘Ten civilians killed by shells’ in Ukraine’s Donetsk
Donetsk (Ukraine) (AFP) – Ten civilians died in attacks in Ukraine’s rebel-held city of Donetsk on Wednesday, including from a shell that hit a school on the first day of class, regional authorities said, blaming pro-Russian rebels.”Four people died and eight were injured” when a shell landed near a school in the north of...
Eurozone manufacturing in doldrums, Markit index shows
Brussels (AFP) – The eurozone’s manufacturing sector reported lacklustre activity in September, set back by a fall in production by powerhouse Germany, a survey showed on Wednesday, adding to clouds over the single currency zone.The latest survey of leading indicators from manufacturing industries in the eurozone, the purchasing...
Here’s What Analysts Are Saying About Ford After Shares Tanked
Ford got clobbered on Monday, dropping almost 8% after the company announced that it was going to lose billions in Europe and South America in 2014. Ford also announced a recall of 850,000 vehicles that could cost $500 million this year and further erode the bottom line. On the plus side, Ford expects to make money in the U.S., as the auto market...
BREMMER: ‘We’re Likely To See Violence’ If Hong Kong Protests Continue
Pro-democracy protests in Hong Kong have entered their fourth day, and the situation is increasingly tense as demonstrators and global spectators expect a crackdown from authorities at some point. The student-led protests demand that Hong Kong Chief Executive Leung Chun-ying resign and that Beijing retract its decision to restrict the number of...
EU keeps Russia sanctions over Ukraine in place
Brussels (AFP) – The European Union decided Tuesday to keep a tough package of sanctions against Russia in place, saying that the peace plan in Ukraine was not yet fully implemented.The bloc imposed its latest sanctions against Moscow earlier this month, but EU president Herman Van Rompuy had said they could be dropped depending on the...
Nadal returns in style, Djokovic wins in China
Beijing (AFP) – Rafael Nadal made an emphatic return to singles competition Tuesday after being sidelined for three months, sweeping aside Richard Gasquet of France in the $5.4 million China Open.The 14-times Grand Slam winner won his first round match in Beijing 6-4, 6-0, overcoming sporadic resistance in the first set before crushing his...
