Sri Lanka raises interest rates amid record inflation even though the economy is shrinking
Sri Lanka raised interest rates to its highest level in two decades on Thursday. It said they had to avoid uncontrollable inflation to avoid deeper pain for an economy that is already in crisis and is shrinking.
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Sri Lanka's central bank raised its stand-up lending rate by 100 basis points to 15.50 percent, while the fixed deposit rate similarly rose to 14.50 percent, its highest since August 2001.
Inflation hit a record 54.6 percent in June. And central bank governor P. Nandalal Weerasinghe said inflation could reach 70 percent, prompting the central bank to raise interest rates to address rising prices.
We will work to manage inflation as much as possible. But other measures such as remittances are needed to alleviate the suffering of the poor,” he told reporters.The rate hike will continue to affect economic growth in the island nation.
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Leaked Gucci and Adidas 'parasol' sparks Chinese outcry
A parasol sold in China by top Western brands such as Gucci and Adidas for 11,100 yuan (1329) has caused an outcry for not being wiped.
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Criticism of what the company calls "parasols" has gone viral on Chinese social media platform Weibo.According to Gucci's website, it is "not waterproof and is intended for sun protection or decorative use.This parasol is part of a co-collection that's being promoted online ahead of next month's release.
The Weibo hashtag, which translates to "umbrellas sold for 11,100 yuan, is not waterproof," has been viewed more than 140 million times.One user called the parasol "a parasol." "It's a huge but useless fashion.One user said "As long as I'm broke They won't fool
me into paying "they don't care about practicality.The parasols are slated to go on sale on June 7 as part of a new collection from luxury brands Gucci and sports apparel giant Adidas.Gucci and Adidas did not immediately respond to BBC requests for comment.
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How Green Laws Stop Green Projects
The United States aims to achieve zero carbon emissions by 2050 if no serious lifestyle changes are made. That means big investments in green energy. But environmental laws can actually deter it.Today, our colleagues at NPR's daily economics podcast The Indicator from
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BeReal is Gen Z's new favorite social media app, here's how it works.
If you've never heard of the BeReal app and aren't a Gen Z member, you're forgiven. Social media apps are the newest ones that have caught the attention of the younger generation. and its popularity is growing rapidly.This year alone, downloads have grown by at least 315%, according to Apptopia.
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Social media can be time consuming and stressful, but BeReal says it aims to change that.Here's how it works. Once a day you will receive a notification from the app. It tells you it's time to post your BeReal for today. And you have two minutes to do so. Your friends should be notified at the same time.
The idea is that you take a picture of what you're doing at that moment. No matter how ordinary or exciting You might go to school take the bus to work Or maybe you'll get a notification as soon as you're sitting down to dinner or riding your bike.
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How This TikToker Helps Destroy Bacterial Vaginosis
When Roxanne Ramsey used TikTok to rant about her frustrations related to bacterial vaginosis. A type of vaginal inflammation in which there is an excess of certain bacteria that disrupts the natural balance of the vagina. She had no idea she would resonate with other women. Now with 700,000 followers later, the 31-year-old Marylander has become a women's health care device on the platform.
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"When I first started my TikTok page, I loved beauty and makeup and everything," Ramsey told Yahoo Life about her initial purpose for joining the app, but in 2019 she reached her breaking point. That's when her doctor told her that bacterial vaginosis, or BV, that she's been dealing with for years was just something she had to live with.
I was really disappointed with the doctor,” she said, “and after the appointment I created TikTok to express my displeasure.Ramsey continues to tell her life story with BV in the app, with the viral post about the unheard of doctor feeling getting more than 700,000 likes and support from commenters thanking her for sharing the story. hers
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BMW's new i3 is the only electric 3 Series for China
The long-wheelbase i3 has 282 horsepower and 327 miles of range. BMW has the brand new i3, but it's not the true successor to the futuristic electric hatchback we know and love. Developed specifically for China, the new i3 is a 3rd generation full electric sedan, and that's a real bummer.
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Only a few external photos of the i3 have been released. But we can see that this is our first look at the yet-to-be-disclosed facelift for the current G20 model. There's a new bumper and headlight design, and the i3 has a blocked kidney grille. unique wheels and different diffusers Expect new decorative parts.
Inside the cabin and updated infotainment as well, the i3 is based on the Chinese long wheelbase 3 Series. With a wheelbase 4.3 inches longer than the sedans we get in the US, the i3 shares powertrain components with other BMW EVs like the i4 and iX and a shoe soles.
At 70.3 kWh, BMW says the i3 has 282 horsepower and 295 lb-ft of torque, which hits 62 mph in 6.2 seconds. The maximum range is 327 miles, and using a fast DC charger allows the i3 to charge. 60 miles in 10 minutes, or goes from 10% to 80% charge in 35 minutes.
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Boston Dynamics' logistics robots are now available for purchase.
So far, the stretching hasn't been as high as the spots. Understandably, for one thing, it wasn't Boston Dynamics' first commercial robot after decades of research and development. one more thing It's mostly designed to be behind the scenes. by moving the box around out of the public eye Spot is a brand ambassador that is courting PR and controversy for the robot maker owned by Hyundai.
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Stretch, an offshoot of the company's Handle project, has been in trials with a limited number of customers in recent months. Boston Dynamics also acquired a massive deal with DHL in January with a 15 million purchase of the robot. Dollar. Other early customers include clothing line Gap and H&M.
Today the system is discounted for those who want to buy. Making a reservation might be a more accurate method. With deliveries not expected until 2023 and 2024, the company is expected to cite ongoing labor issues as a key driver of interest in the new robots. Labor shortages and supply chain barriers continue “Stretch makes logistics operations
more efficient and predictable. It also increases security by accepting the most physically demanding tasks in the warehouse. first customers Many of us are committed to broader adoption of robots. So we're excited soon Stretch will be used more broadly. Helping retailers and logistics companies deal with the ever-growing demand for merchandise.
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Arcol aims to do building design as Figma does for UI design.
Arcol is in the early stages of creating design and documentation tools that run in your browser.
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Paul O'Carroll started the company in January 2021 after being inspired by his father, who was an architect. and saw the frustration he had for the lack of digital tools capable of designing buildings. He remembers looking at his father at the table with a pencil and paper. The draft building will begin to take effect six months later.
Prior to Arcol O'Carroll, he worked at a digital design studio. Building design tools for large companies It usually features a distorted building or architecture. He saw that the technology used was decades old and needed to use older tools like Autodesk.
From all this I can see firsthand how bad the tools we use to design buildings. And I think architects, engineers and contractors deserve better tools,” O'Carroll told TechCrunch. We want to do it in building design.You can follow more of Arcol's founding story on the O'Carroll blog. The company is building a web-based tool that can turn a 2D sketch into a 3D image, so that someone can design anything from small buildings. to skyscrapers using creative and collaborative canvases
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Netflix's Interactive 'Trivia Quest' Will Be Less Creepy 'Bandersnatch'
Netflix today doubled its interactive content while announcing "Trivia Quest," an animated quiz series set to premiere on April 1. Sunday Sauce Productions' Win Rubino develops the series' episodes. which will be released every day in April Answer audience questions with 24 questions a day.
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It's no coincidence that Netflix is making a daily trivia game during a time when we still post our Wordle scores every morning. Or when an absolute icon, Amy Schneider, is breaking records and creating a "Danger!" television destination, so Netflix licenses the game "Trivia Crack" from etermax to develop "Trivia Quest."
An everyday trivia show could go viral. If only people care enough to play every day The trailer makes "Trivia Quest" look rather young. But the game will have both "standard" and "hard" questions - and we have to admit we don't know the answer to the "Avatar" question in the trailer. Any kid who knows what a Wii is?
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The 2023 Porsche Macan T is ready for travel duties.
This is the first time Porsche has put the T badge on anything other than the 718 and 911 sports cars. Porsche has a dizzying number of designs often used to represent cars from the S to 4S to GTS to GT4 can be found at the rear of cars and SUVs for 2023. One of those names, T for Touring, is making its way to the first four-door model, the 2023 Porsche Macan T.
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Positioned between the base Macan and the mid-range Macan S, the Macan T packs the same 2.0-liter turbocharged four-cylinder engine found on the entry-level model, producing 261 horsepower and 295 pound-feet of torque via the standard seven-speed PDK dual.
The German automaker says the powertrain is good for a Dash 0 to 60 mph in 5.8 seconds and a top speed of 144 mph. It should come as no surprise that these are the same factory performance estimates as the standard Macan when equipped with the optional Sport Chrono Package that comes standard with this T, which is very fast, but shy for a more powerful variant like the Macan. Turbo, which reaches 60 mph in about 3.5 seconds.
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