All posts tagged: economy and trade

Pinduoduo: One of China’s most popular apps has the ability to spy on its users, say experts

Pinduoduo: One of China’s most popular apps has the ability to spy on its users, say experts

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CNN  —  It is one of China’s most popular shopping apps, selling clothing, groceries and just about everything else under the sun to more than 750 million users a month. But according to cybersecurity researchers, it can also bypass users’ cell phone security to monitor activities on other apps, check notifications, read private messages and change settings. And once installed, it’s tough to remove. While many apps collect vast troves of user data, sometimes without explicit consent, experts say e-commerce giant Pinduoduo has taken violations of privacy and data security to the next level. In a detailed investigation, CNN spoke to half a dozen cybersecurity teams from Asia, Europe and the United States — as well as multiple former and current Pinduoduo employees — after receiving a tipoff. Multiple experts identified the presence of malware on the Pinduoduo app that exploited vulnerabilities in Android operating systems. Company insiders said the exploits were utilized to spy on users and competitors, allegedly to boost sales. “We haven’t seen a mainstream app like this trying to escalate their …

The 0 billion beauty industry’s ‘green’ ambitions are a patchwork at best. And they’re falling short

The $500 billion beauty industry’s ‘green’ ambitions are a patchwork at best. And they’re falling short

Published by skeptic

CNN  —  The escalating climate crisis is shifting many people’s purchasing patterns and this extends to the $500 billion dollar global beauty industry which is grappling with a range of sustainability challenges across product manufacturing, packaging and disposal. Strategy and consulting firm Simon Kucher’s Global Sustainability Study 2021 found 60% of consumers around the world rated sustainability as an important purchase criterion, and 35% were willing to pay more for sustainable products or services. This shift in consumer preferences has propelled many beauty brands to set environmental goals: to move away from single-use and virgin plastics, provide recyclable, reusable and refillable packaging and offer more transparency around products’ ingredients so customers can ascertain how “green” their purchase is. However, consumers still struggle to understand the sustainability credentials of many products, according to the British Beauty Council. This is because the industry’s clean-up efforts have been inconsistent, and fall short of making a recognizable impact in the absence of collective goal-setting, global strategy and standardized regulations. Ingredient and branding transparency There is no international standard for …

Britain’s pound is beating every other major currency this year

Britain’s pound is beating every other major currency this year

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London CNN  —  The British pound crashed to a record low last fall as investors rebelled against budget plans by former Prime Minister Liz Truss. Now, it’s enjoying a comeback. Sterling hit its highest level against the US dollar in 10 months on Tuesday, topping $1.25 for the first time since June 2022. The pound, which has advanced about 3.3% versus the greenback since the start of 2023, is the best-performing currency among developed economies this year. The UK currency has been boosted by indications the country’s economy is holding up better than expected. Activity is now thought to have expanded 0.1% in the final three months of last year, up from a previous estimate of no growth at all. Gross domestic product growth in January has been estimated at 0.3% after dropping 0.5% in December. This resilience is bolstering expectations the Bank of England will maintain aggressive interest rate hikes despite concerns about the health of the global banking sector. Rising rates can boost the domestic currency because they help attract foreign investors searching …

Artemis II: The 4 astronauts NASA picked for moon mission

Artemis II: The 4 astronauts NASA picked for moon mission

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Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. CNN  —  Astronauts who will helm the first crewed moon mission in five decades were revealed on Monday, queuing up the quartet to begin training for the historic Artemis II lunar flyby that is set to take off in November 2024. The astronauts are NASA’s Reid Wiseman, Victor Glover and Christina Koch, and Jeremy Hansen of the Canadian Space Agency. Wiseman is a 47-year-old decorated naval aviator and test pilot who was first selected to be a NASA astronaut in 2009. A native of Baltimore, Maryland, he’s completed one prior spaceflight, a 165-day trip to the International Space Station that had launched aboard a Russian Soyuz rocket in 2014. Most recently, Wiseman served as chief of the astronaut office before stepping down in November 2022, making him eligible for a flight assignment. Wiseman will serve as commander of the Artemis II mission. Hansen, 47, is a fighter pilot who was selected by the Canadian Space …

Micron Technology: China probes US chip maker for cybersecurity risks as tech tension escalates

Micron Technology: China probes US chip maker for cybersecurity risks as tech tension escalates

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Hong Kong CNN  —  China has launched a cybersecurity probe into Micron Technology, one of America’s largest memory chip makers, in apparent retaliation after US allies in Asia and Europe announced new restrictions on the sale of key technology to Beijing. The Cyberspace Administration of China (CAC) will review products sold by Micron in the country, according to a statement by the watchdog late on Friday. The move is aimed at “ensuring the security of key information infrastructure supply chains, preventing cybersecurity risks caused by hidden product problems, and maintaining national security,” it noted. It came on the same day that Japan, a US ally, said it would restrict the export of advanced chip manufacturing equipment to countries including China, following similar moves by the United States and the Netherlands. Washington and its allies have announced curbs on China’s semiconductor industry, which strike at the heart of Beijing’s bid to become a tech superpower. Last month, the Netherlands also unveiled new restrictions on overseas sales of semiconductor technology, citing the need to protect national security. …

What OPEC’s surprise oil cut means for US gas prices

What OPEC’s surprise oil cut means for US gas prices

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New York CNN  —  OPEC and its allies’ surprise move to slash oil production will soon be felt at US gas pumps. The group known as OPEC+ announced Sunday it would cut oil production by more than 1.6 million barrels a day starting in May, running through the end of the year. The news sent both Brent crude futures, the global oil benchmark, and WTI, the US benchmark, up about 6% in trading Monday. The production cut announcement also had an immediate impact on gasoline futures, which will be passed onto US drivers much more quickly than the spike in oil prices. RBOB, the most closely watched wholesale gasoline price, was up about 8 cents a gallon, or about 3%, in morning trading. “I think OPEC is reawakening the inflation monster,” said Tom Kloza, global head of energy analysis for OPIS, which tracks gas prices for AAA. “The White House has to be shocked and major-time pissed. It certainly alters the calculus for a while.” The national average for US gas prices stood at $3.51, …

Dogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu

Dogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu

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New York CNN  —  Twitter’s traditional bird icon was booted and replaced with an image of a Shiba Inu, an apparent nod to dogecoin, the joke cryptocurrency that CEO Elon Musk is being sued over. Musk addressed the change Monday afternoon, tweeting, “as promised” above an image of a year-old conversation in which another user suggested that Musk “just buy Twitter” and “change the bird logo to a doge.” The doge logo appeared on the site two days after Musk asked a judge to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the dogecoin, according to Reuters. Lawyers for Musk and Tesla called the lawsuit by dogecoin investors a “fanciful work of fiction” over Musk’s “innocuous and often silly tweets.” It wasn’t clear whether the logo change was permanent. Musk has been known to use Twitter to troll both his fans and his critics. The price of dogecoin, which is typically volatile, was up more than 20% over the past 24 hours, to about 9 cents. It …

Autism: Study finds slightly higher risk of diagnosis in areas with more lithium in drinking water, but experts say more research is needed

Autism: Study finds slightly higher risk of diagnosis in areas with more lithium in drinking water, but experts say more research is needed

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CNN  —  A new study found a moderately higher risk of autism spectrum disorder in children born to pregnant people exposed to tap water with higher levels of lithium, but experts caution that this association does not show a direct link between the two. About 1 in 36 children in the US is diagnosed with autism spectrum disorder (ASD) each year, according to data from the US Centers for Disease Control and Prevention. Scientists still don’t know the exact cause of autism, a developmental disorder. Genetics may be a factor, but some have been looking at potential environmental causes, too. Cases may be on the rise, but that is also unclear. One study published this year on cases in the New York-New Jersey area found that autism diagnosis rates tripled among certain age groups between 2000 and 2016. A 2021 report found similar increases in cases, but the CDC says the increased number of cases is most likely linked to more doctors screening for the condition. Lithium is an alkali metal that can be found …

Inside haggis: The secrets of Scotland’s national dish

Inside haggis: The secrets of Scotland’s national dish

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CNN  —  Anthony Bourdain loved haggis. But even the late, great American chef, writer and television host recognized that Scotland’s national dish, with its “sinister sheep parts” wrapped in a shroud of mystery and half-invented history, could be a hard sell. “Don’t let them tell you otherwise, that’s really one of life’s great pleasures,” Bourdain said on one of his gastro-curious pilgrimages to Glasgow. “There is no more unfairly reviled food on Earth than the haggis.” A mash-up of diced lung, liver and heart mixed with oatmeal, beef suet, onion and assorted spices, haggis was traditionally made by stuffing these raw ingredients into the stomach of a recently slain sheep and boiling the lot to a state of palatability. Instagrammable is not the word that immediately comes to mind. In our 21st-century world, where “clean” eating and processed pap overlap, haggis can seem like an “Outlander”-style outlier from another age. Yet, by some alchemy, once cooked to its required “warm-reekin’ (steaming)” state, it adds up to much more than the sum of its modest parts. …