According to a story that was published in the Platformer tech newsletter on Thursday, Instagram is going to stop developing some features that users have protested against and argued make the social network too similar to TikTok on July 28th. This week, some of the most vocal users who posted messages on social media asked the corporation behind Instagram to …

The Malaysian Minister for Human Resources announced on Thursday, July 28th, that Indonesia had agreed to lift a freeze on sending its migrant workers to the country effective August 1. This came after the two countries human resources ministers worked out their differences regarding workers’ rights. A deficit of approximately 1.2 million workers is expected to be alleviated by the …

Taiwan’s military shot flares on Thursday, July 28th, to scare away a drone that “glanced by” a heavily guarded island near the Chinese shore, the Defence Ministry said. Taiwan, claimed by China as its territory, has complained of increased Chinese military maneuvers in recent years to force Taipei’s democratically elected government to recognize Beijing’s sovereignty. According to the ministry, the …

We live in a world where it’s kind of a requirement to be politically active, which is the most principled thing to do, right? So what happens when you’re afraid to share your thoughts? What about those people who just want to keep their opinions to themselves? Does that automatically make you unworthy? Ignorant? There is this constant fear that …

On Thursday, the Singaporean conglomerate Keppel Corp reported a first-half profit that increased by 66%. This increase was made possible by better earnings across most of its core sectors and a resurgence at its offshore and marine (O&M) arm. Keppel, which can trace its roots back to a modest ship repair yard that was corporatized in 1968, has experienced a …

A billionaire index revealed on Thursday that China’s real estate industry had been devastated by a liquidity shortage, which has caused the wealthiest lady in Asia to lose more than half of her fortune over the past year. According to the Bloomberg Billionaires Index, Yang Huiyan, who is a majority shareholder in the Chinese property company Country Garden, saw her …

After cost inflation hurt less than expected and price increases boosted organic sales growth in the first half of 2022, Nestle raised its full-year sales growth forecast to 7 to 8 percent on Thursday, July 28th, and just slightly lowered its margin guidance. The reason for the change was that price increases helped organic sales growth. Although many customers appear …

The Federal Reserve hiked its overnight interest rate by three-quarters of a percentage point on Wednesday (July 27) to calm the most violent inflation since the 1980s. “Ongoing increases” in borrowing rates are still ahead despite signs of a weakening economy. “Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food, and energy prices, and broader …

Puma, a German sportswear manufacturer, revealed results for the second quarter that were greater than expected on Wednesday and boosted its projection for full-year revenue. Puma was able to cope with headwinds in China better than its competitor Adidas. Puma said that its earnings before interest and taxes (EBIT) increased by 34.4 percent for the year to 146 million euros …

Heavy rain disrupted supplies of parts, which raised the possibility that Toyota Motor Corp. could fall short of its global target for the month of July. As a result, Toyota Motor Corp. announced on Wednesday that it would reduce domestic production by approximately 4,000 vehicles during the month of July. According to a statement released by Toyota, the company is …