For much of the global economy, 2023 is going to be a tough year as the main engines of global growth -- the US, Europe and China -- all experience weakening activity, the head of the International Monetary Fund has warned. From a report: The new year is going to be "tougher than the year we leave behind," IMF managing director Kristalina Georgieva said on the CBS Sunday morning news program Face the Nation on Sunday. "Why? Because the three big economies -- the US, EU and China -- are all slowing down simultaneously," she said.

"We expect one-third of the world economy to be in recession. Even countries that are not in recession, it would feel like recession for hundreds of millions of people," she added. In October, the IMF cut its outlook for global economic growth in 2023, reflecting the continuing drag from the war in Ukraine as well as inflation pressures and the high interest rates engineered by central banks like the US Federal Reserve aimed at bringing those price pressures to heel. Georgieva said that China, the world's second-largest economy, is likely to grow at or below global growth for the first time in 40 years as Covid-19 cases surge following the dismantling of its ultra-strict zero-Covid policy. "For the first time in 40 years, China's growth in 2022 is likely to be at or below global growth," Georgieva said.

Long-time geriatrician James Kirkland is a Mayo clinic researcher joining "a growing movement to halt chronic disease by protecting brains and bodies from the biological fallout of aging," reports Ars Technica.

"While researchers like Kirkland don't expect to extend lifespan, they hope to lengthen 'health span,' the time that a person lives free of disease." One of their targets is decrepit cells that build up in tissues as people age. These "senescent" cells have reached a point — due to damage, stress or just time — when they stop dividing, but don't die. While senescent cells typically make up only a small fraction of the overall cell population, they accounted for up to 36 percent of cells in some organs in aging mice, one study showed. And they don't just sit there quietly. Senescent cells can release a slew of compounds that create a toxic, inflamed environment that primes tissues for chronic illness. Senescent cells have been linked to diabetes, stroke, osteoporosis and several other conditions of aging.

These noxious cells, along with the idea that getting rid of them could mitigate chronic illnesses and the discomforts of aging, are getting serious attention. The U.S. National Institutes of Health is investing $125 million in a new research effort, called SenNet, that aims to identify and map senescent cells in the human body as well as in mice over the natural lifespan. And the National Institute on Aging has put up more than $3 million over four years for the Translational Geroscience Network multicenter team led by Kirkland that is running preliminary clinical trials of potential antiaging treatments. Drugs that kill senescent cells — called senolytics — are among the top candidates. Small-scale trials of these are already underway in people with conditions including Alzheimer's, osteoarthritis and kidney disease.

"It's an emerging and incredibly exciting, and maybe even game-changing, area," says John Varga, chief of rheumatology at the University of Michigan Medical School in Ann Arbor, who isn't part of the Translational Geroscience Network. But he and others sound a note of caution as well, and some scientists think the field's potential has been overblown. "There's a lot of hype," says Varga. "I do have, I would say, a very healthy skepticism." He warns his patients of the many unknowns and tells them that trying senolytic supplementation on their own could be dangerous....

So far, evidence that destroying senescent cells helps to improve health span mostly comes from laboratory mice. Only a couple of preliminary human trials have been completed, with hints of promise but far from blockbuster results.
In conjunction with SpaceX and Axiom Space, Kirkland and a colleague also are investigating how space radiation affects senescence indicators in astronauts, the article points out . "They hypothesize that participants in future long-term missions to Mars might have to monitor their bodies for senescence or pack senolytics to stave off accelerated cellular aging caused by extended exposure to radiation."

An anonymous reader shares a report: Rumours of a Nintendo Switch Pro console have been swirling in the video game industry and the gaming community for years. However, it seems that Nintendo is ready to move on from the portable console. According to Digital Foundry's John Linneman, many developers acknowledged that a "mid-generation Switch update" was initially planned, but Nintendo opted to focus instead on building a new console. Nintendo has yet to officially announce its next video game system, and Linneman said he does not expect it will be released until 2023. "So I think at one point internally from what I can understand from talking to different developers, is that there was some sort of mid-generation Switch update planned at one point and that seems to be no longer happening," said Linneman in the Digital Foundry podcast.

Subscribers to "NFL Sunday Ticket" can watch broadcasts of every Sunday game of American football. But for access next season, "fans will have to Google it..." warns the Associated Press — because Thursday the football league announced plans to distribute their game package on YouTube TV and YouTube Primetime Channels.

Google beat out both Apple and Amazon by offering over $2 billion a year for 7 years — but Yahoo Finance believes it's more about drawing attention to YouTube's streaming TV services. "Don't expect the package to be profitable, one analyst warned." "They're not making money on this — this is a loss leader," Michael Pachter, managing director of equity research at Wedbush, told Yahoo Finance Live, referencing YouTube TV's current price point of $64.99. "I don't think they make a penny at that level...."

"It's an extremely expensive package of content," Tim Nollen, analyst at Macquarie Group, previously told Yahoo Finance Live, noting the Sunday Ticket package was not a profitable service for DirecTV [which since 1994 has held the exclusive broadcast rights in the U.S.]

[...] YouTube TV has more than 5 million subscribers and trial users as of July. "Five million subscribers is just not enough," Pachter stressed. "Even if all 5 million pay the $400 bucks a year...they're going to barely cover their costs." Still, despite the lack of profitability and sky-high price tag, Pachter noted YouTube might be best positioned to take advantage of the package, especially as the demand for live sports escalates. "I think they can be smart about how they carve up the content," Pachter said, suggesting the platform could more easily sell games to bars and restaurants.

Les Pounder writes via Tom's Hardware: Raspberry Pi CEO Eben Upton announced via a recent blog post that 100,000 units would be making their way into the supply chain, and that the in the latter-half of 2023 we can expect stock levels to return to pre-pandemic normality. That said, the supply chain shortage has impacted the normal cadence of Raspberry Pi releases, and according to Upton in an interview with Christopher Barnatt from Explaining Computers it means we sadly won't be seeing a Raspberry Pi 5 in 2023.

In the interview, Explaining Computers host Barnatt asks Upton about the future of the Raspberry Pi and if there are new models on the horizon. Upton then talks about how the past couple of years have been "weird" (pandemic and global chip shortage) and it has disrupted the cadence of Raspberry Pi development and release. Upton states that "the platform [Raspberry Pi 4] has been around longer than any Raspberry Pi platform has been around before, I think." At 29 minutes and 30 seconds Upton breaks the bad news, "Don't expect a Pi 5 next year [2023]" Upton then expands and explains that 2023 is a "recovery year". The recovery year is there to help Raspberry Pi and the technology industry recover from the double-punch of a pandemic and a global chip shortage which has caused a slowdown across the world.

Upton explains "What would really be a disaster would be if we tried to introduce some kind of Raspberry Pi 5 product" Upton provides a scenario akin to that of the Raspberry Pi Zero 2 W, launched midway through the pandemic. It has been relatively unobtainium since release. Upton said he is very concerned about the consequences "if we introduced a Raspberry Pi 5 product and it couldn't ramp properly because of constraints, or if we introduced some Raspberry Pi 5 product and it somehow cannibalized some supply chain element." Upton then explains how cannibalization could impact the recovery of Raspberry Pi 4 and the 3 / 3+ and that Raspberry Pi has to be "ginger" as they move forward with its recovery. "The good news is the second half of next year, 2024 onwards, some of those things start to abate. And that's the point where we can start to think about what might be a sensible Raspberry Pi 5 platform," Upton said.

An anonymous reader quotes a report from Reuters: European antitrust regulators have opened an in-depth investigation into U.S. chipmaker Broadcom's proposed $61 billion bid for cloud computing company VMware, the European Commission said on Tuesday. "The Commission is particularly concerned that the transaction would allow Broadcom to restrict competition in the market for certain hardware components which interoperate with VMware's software," the Commission said in a statement.

The Commission said its preliminary investigation indicates the transaction may allow Broadcom to restrict competition for the supply of certain components by degrading interoperability between VMware software and competitors' hardware to the benefit of its own hardware. This and other factors could lead to higher prices, lower quality and less innovation for business customers, and ultimately consumers, the Commission said. The Commission now has 90 working days, until May 11, 2023, to take a decision. Broadcom on Tuesday reiterated that it continued to expect the transaction would close in its fiscal year 2023, adding it would continuing to work with the European Commission.

It said it was making progress with regulatory filings around the world, having received legal merger clearance in Brazil, South Africa, and Canada and foreign investment control clearance in Germany, France, Austria, and Italy. "The combination of Broadcom and VMware is about enabling enterprises to accelerate innovation and expand choice by addressing their most complex technology challenges in this multi-cloud era, and we are confident that regulators will see this when they conclude their review," it said in a statement. The proposed acquisition underlines Broadcom's ambition to diversify into enterprise software, but comes as regulators worldwide ramp up scrutiny of deals by Big Tech.

Facebook parent Meta does not expect to seal its acquisition deal with Within Unlimited, maker of the popular fitness app "Supernatural", before Jan. 31, according to a court filing from Tuesday. From a report: Meta has agreed to push back the closing by one month or until the first day after the court rules on U.S. Federal Trade Commission's (FTC) preliminary injunction trial, according to the filing with the United States District Court for the Northern District Of California. In August, Meta had agreed not to close the deal until 11:59 p.m. on Dec. 31. The FTC had filed a lawsuit seeking to stop the deal in July, calling Facebook a "global technology behemoth," noting its ownership of popular apps including Instagram, Messenger and WhatsApp, and said its "campaign to conquer VR (virtual reality)" began in 2014 when it acquired Oculus, a VR headset manufacturer.

After taking control of the Tomb Raider franchise earlier this year, today Crystal Dynamics announced Amazon Games will publish the next game in the series. From a report: The new Tomb Raider is currently untitled, but Amazon confirmed it will be a multiplatform release and a "single-player, narrative-driven adventure." We should expect gameplay familiar to the franchise (exploration, puzzles, creative enemy encounters), which Tomb Raider fans will be happy to hear.

Back in April, Crystal Dynamics formed part of the launch of Epic Games' Unreal Engine 5, and took the opportunity to announce it was just starting development on a new Tomb Raider game. That game will of course use Unreal Engine 5, which should offer some spectacular, super-realistic visuals on PS5, Xbox Series X, and PCs running the latest graphics cards.

The Z-Wave Alliance, the Standards Development Organization (SDO) dedicated to advancing the smart home and Z-Wave technology, today announced the completion of the Z-Wave Source Code project, which has been published and made available on GitHub to Alliance members. From a report: The Z-Wave Source Code Project opens development of Z-Wave and enables members to contribute code to shape the future of the protocol under the supervision of the new OS Work Group (OSWG). The goal of the project is to provide a rich development environment that contains the relevant source code and sample applications to those seeking to play a direct role in the advancement of the Z-Wave standard. The quality and interoperability of products utilizing Z-Wave Source Code will also be enforced by a new mandatory Silicon & Stack Certification program. Full Z-Wave certification will continue to test and certify for Z-Wave S2 security, network connectivity, range, battery life, and interoperability including backwards and forwards compatibility.

"The Z-Wave Alliance is deeply committed to the global smart home market," said Mitch Klein, Executive Director of the Z-Wave Alliance. "This year the smart home conversations have focused largely on Matter. Shiny and new, and with big brands supporting the initiative, Matter is bringing a lot of attention to the smart home. This makes it easy to overlook Z-Wave as the most established, trusted, and secure smart home protocol, that also happens to have the largest certified interoperable ecosystem in the market. We firmly expect that Z-Wave will play a key role in connecting devices and delivering the experience users really want."

An anonymous reader quotes a report from the Associated Press: The company said a possible melanoma vaccine it is studying with pharmaceutical giant Merck fared well in a small study of patients who had the cancer surgically removed. The drugmakers said a combination of the vaccine and Merck's immunotherapy Keytruda led to a statistically significant improvement in survival before the cancer returned in patients with advanced melanoma. [...] Like Spikevax (the vaccine used to help protect against COVID-19), the potential skin cancer vaccine uses mRNA technology. It trains a patient's immune system to recognize and respond specifically to mutations in the DNA of the patient's tumor.

In a mid-stage clinical trial involving 157 patients, researchers compared the vaccine-Keytruda combination with Keytruda alone. Keytruda, Merck's top seller, primes the body's immune system to detect and fight tumor cells. Regulators have approved it to treat several types of cancer. The patient group that took the potential vaccine and Keytruda saw a 44% reduction in the risk of death or the cancer returning, the companies said. The treatments continued for about a year in both groups unless the disease came back or side effects became too severe. Merck and Moderna expect to start a phase 3 study next year, and the companies say they intend to expand their approach to other tumor types.

A worldwide recession is just around the corner as central banks boost borrowing costs aggressively to tame inflation -- and this time, it will ignite more market turbulence than ever before, according to BlackRock, the investment giant that manages about $10 trillion. From the report: The global economy has already exited a four-decade era of stable growth and inflation to enter a period of heightened instability -- and the new regime of increased unpredictability is here to stay, according to the world's biggest asset manager. That means policymakers will no longer be able to support markets as much as they did during past recessions, a team of BlackRock strategists led by vice chairman Philipp Hildebrand wrote in a report titled 2023 Global Outlook.

"Recession is foretold as central banks race to try to tame inflation. It's the opposite of past recessions," they said. "Central bankers won't ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect. Equity valuations don't yet reflect the damage ahead." The prospect of limited policy support means investors need more dynamic methods -- involving more frequent portfolio changes and taking a more "granular view on sectors, regions and sub-asset classes" -- to navigate the volatility ahead, according to BlackRock. "What worked in the past won't work now," the strategists said. "The old playbook of simply "buying the dip" doesn't apply in this regime of sharper trade-offs and greater macro volatility. We don't see a return to conditions that will sustain a joint bull market in stocks and bonds of the kind we experienced in the prior decade."

Coinbase Chief Executive Officer Brian Armstrong said the cryptocurrency exchange's revenue is set to be cut by half or more this year as declining prices and the collapse of rival FTX rattle investors' confidence. From a report: The rapid downfall of FTX capped what was already a brutal year for the cryptocurrency industry, with speculators in retreat as prices of some of the most frequently traded tokens tumbled. Coinbase's shares have fallen more than 80% in 2022 and the company's third-quarter revenue was about one-fourth of what it was during the last three months of 2021, when the price of Bitcoin peaked.

"Last year in 2021, we did about $7 billion of revenue and about $4 billion of positive EBITDA, and this year with everything coming down, it's looking, you know, about roughly half that or less," Armstrong said in a wide-ranging interview on Bloomberg's "David Rubenstein Show: Peer-to-Peer Conversations," when asked about the company's revenue. In additional comments provided after the interview, a Coinbase spokesperson further clarified that they expect 2022 revenue to be less than half of 2021 revenue. Coinbase has previously indicated it may see a 2022 loss of no more than $500 million based on adjusted EBITDA, a measure of earnings that excludes certain costs like interest and depreciation.

An anonymous reader quotes a report from Quartz: The world is choking in plastic trash, and the UN wants to do something to fix it. A weeklong meeting of the Intergovernmental Negotiating Committee (INC) on Plastic Pollution in Punta del Este, Uruguay, ended last Friday (Dec. 2). It was a first, formal step towards a legally binding international treaty to deal with the global plastics problem. Such a pact would be the most consequential environmental treaty in years, on par with 2015's Paris Agreement on climate change. The INC will spend the next two years negotiating how binding the regulations will be. While most of the 1,800 attendees in Uruguay ostensibly support ending plastic pollution as a baseline, competing motives have factions pulling in different directions. Hardline countries and campaigners are pushing for outright bans on "problem plastics" and certain chemicals, as well as internationally set regulations and strict production monitoring. Plastics industry coalitions -- which include the world's largest plastic producers, like Nestle and Unilever -- are calling for a focus on recycling and global targets defined by national priorities.

Details of the treaty will have to be negotiated over the next couple of years. The High Ambition Coalition to End Plastic Pollution, made up of 45 countries, is calling to restrict the single-use plastics found in packaging and consumer goods. They make up half of the plastic waste produced today, so a restriction would hugely reduce pollution, as well as force a transformation for consumers -- and the companies producing their goods -- in the way they drink bottled water, order takeout, or buy cleaning products and cosmetics. An international standard for monitoring production would also try to ensure that plastics are chemically safe, genuinely recyclable, and durable enough to be reusable. Of the roughly 10,000 chemicals used in producing plastics, more than 2,400 have been found to be harmful, causing a range of health problems from asthma to infertility. Recycling is not currently viable for most plastics, but better production monitoring could shift that. Further reading: Is Plastic Recycling a Myth?

An anonymous reader quotes a report from Insider: Deserted downtowns have been haunting US cities since the beginning of the pandemic. Before the pandemic, 95% of offices were occupied. Today that number is closer to 47%. Employees' not returning to downtown offices has had a domino effect: Less foot traffic, less public-transit use, and more shuttered businesses have caused many downtowns to feel more like ghost towns. Even 2 1/2 years later, most city downtowns aren't back to where they were prepandemic. [...] The increased cancellations of office leases have cratered the office real-estate market. A study led by Arpit Gupta, a professor of finance at New York University's Stern School of Business, characterized the value wipeout as an "apocalypse." It estimated that $453 billion in real-estate value would be lost across US cities, with a 17-percentage-point decline in lease revenue from January 2020 to May 2022. The shock to real-estate valuations has been sharp: One building in San Francisco's Mission District that sold for $397 million in 2019 is on the market for about $155 million, a 60% decline.

Other key indicators that economists use to measure the economic vitality of downtowns include office vacancy rates, public-transportation ridership, and local business spending. Across the country, public-transportation ridership remains stuck at about 70% of prepandemic levels. If only 56% of employees of financial firms in New York are in the office on a given day, the health of a city's urban core is negatively affected. The second-order effects of remote work and a real-estate apocalypse are still playing out, but it isn't looking good. Declines in real-estate valuations lead to lower property taxes, which affects the revenue collected to foot the bill of city budgets. Declines in foot traffic have deteriorated business corridors; a recent survey by the National League of Cities suggested cities expect at least a 2.5% decline in sales-tax receipts and a 4% decline in revenue for fiscal 2022. "The solution to the office-housing conundrum seems obvious: Turn commercial spaces like offices into housing. Empty offices can become apartments to ease housing pressure while also bringing more people back to downtown areas," reports Insider. "But after two years, few buildings have been converted." According to the report, it's being hampered by hard-to-justify construction costs and local housing rules.

"Overall, combating the death of downtowns requires a reworking of how we think about cities and the value they provide," the report says. "The urban author Jane Jacobs proclaimed in her famous 1958 article for Fortune magazine, 'Downtown Is for People,' that "'there is no logic that can be superimposed on the city; people make it, and it is to them, not buildings, that we must fit our plans.'"

"The economic health of cities is intrinsically linked to how space is used or unused, and right now downtowns are undergoing a massive shift. Despite the sluggish movement, it's in cities' best interest to figure out how to quickly convert office-centric downtowns into something more suitable for everyone."

Google's search results on desktop will load in a continuous scroll instead of dividing into pages, the company has announced. From a report: The move follows a similar change made on mobile in October last year, but isn't quite an "infinite" scroll. Instead, Google will load six pages of results into a single scroll before offering users a "See more" button to show more results. Google says the change is rolling out first for English searches in the US, but judging by the rollout of the feature on mobile it seems safe to expect to see additional markets and languages added over time.

"In an experiment that ticks most of the mystery boxes in modern physics, a group of researchers announced Wednesday that they had simulated a pair of black holes in a quantum computer," reports the New York Times [alternate URL here. But in addition, the researchers also sent a message between their two black holes, the Times reports, "through a shortcut in space-time called a wormhole.

"Physicists described the achievement as another small step in the effort to understand the relation between gravity, which shapes the universe, and quantum mechanics, which governs the subatomic realm of particles....

Quanta magazine reports: The wormhole emerged like a hologram out of quantum bits of information, or "qubits," stored in tiny superconducting circuits. By manipulating the qubits, the physicists then sent information through the wormhole, they reported Wednesday in the journal Nature. The team, led by Maria Spiropulu of the California Institute of Technology, implemented the novel "wormhole teleportation protocol" using Google's quantum computer, a device called Sycamore housed at Google Quantum AI in Santa Barbara, California. With this first-of-its-kind "quantum gravity experiment on a chip," as Spiropulu described it, she and her team beat a competing group of physicists who aim to do wormhole teleportation with IBM and Quantinuum's quantum computers.

When Spiropulu saw the key signature indicating that qubits were passing through the wormhole, she said, "I was shaken."

The experiment can be seen as evidence for the holographic principle, a sweeping hypothesis about how the two pillars of fundamental physics, quantum mechanics and general relativity, fit together.... The holographic principle, ascendant since the 1990s, posits a mathematical equivalence or "duality" between the two frameworks. It says the bendy space-time continuum described by general relativity is really a quantum system of particles in disguise. Space-time and gravity emerge from quantum effects much as a 3D hologram projects out of a 2D pattern. Indeed, the new experiment confirms that quantum effects, of the type that we can control in a quantum computer, can give rise to a phenomenon that we expect to see in relativity — a wormhole....

To be clear, unlike an ordinary hologram, the wormhole isn't something we can see. While it can be considered "a filament of real space-time," according to co-author Daniel Jafferis of Harvard University, lead developer of the wormhole teleportation protocol, it's not part of the same reality that we and the Sycamore computer inhabit. The holographic principle says that the two realities — the one with the wormhole and the one with the qubits — are alternate versions of the same physics, but how to conceptualize this kind of duality remains mysterious. Opinions will differ about the fundamental implications of the result. Crucially, the holographic wormhole in the experiment consists of a different kind of space-time than the space-time of our own universe. It's debatable whether the experiment furthers the hypothesis that the space-time we inhabit is also holographic, patterned by quantum bits.

"I think it is true that gravity in our universe is emergent from some quantum [bits] in the same way that this little baby one-dimensional wormhole is emergent" from the Sycamore chip, Jafferis said. "Of course we don't know that for sure. We're trying to understand it."
Here's how principal investigator Spiropulu summarizes their experiment. "We found a quantum system that exhibits key properties of a gravitational wormhole yet is sufficiently small to implement on today's quantum hardware."

Electrek recaps yesterday's Tesla's Semi Delivery Event in Nevada: As expected, Tesla delivered the first electric trucks to PepsiCo, a long-time reservation holder, and held a presentation to reveal more details about the production version of the Tesla Semi. There wasn't any big surprise during the presentation. Tesla basically delivered on its original promises made in 2017 when it first unveiled the prototypes of the Tesla Semi. Despite the lack of major changes, it's still a big moment since the electric truck has the potential to change the trucking industry for good by eliminating emissions and significantly reducing costs.

In terms of the technology powering the truck, things have changed since the original prototypes, but not in any major ways. Tesla is now using a tri-motor drivetrain that is basically the same as in the Model S and Model X Plaid. Dan Priestley, Tesla Semi Program manager, explained that Tesla is using one of the motors for cruising speed geared toward peak efficiency at highway speeds and the two other motors are used for torque when accelerating in order to create a smooth driving experience never seen in a class 8 truck before. To prove the capacity, Tesla shared a very impressive video of a Tesla Semi loaded at 82,000 lb. passing a diesel truck at 6% incline on the Donner Pass as if it's nothing:

Tesla promised a range of 500 miles with a full load five years ago, and it delivered on the promise. Tesla shared data on a 500-mile trip with a full load of just under 82,000 lb. total with the tractor. It started out in the Bay Area with a 97% state of charge and ended up in San Diego with still 4% charge. Tesla reiterated that it can achieve a less-than-2 kWh-per-mile efficiency, which means that trucking companies can achieve up to $70,000 in fuel savings per year depending on their cost of electricity. Once the battery pack is depleted after 500 miles or so, you can expect blazing-fast charging thanks to the new 1-megawatt charging technology developed by Tesla. The automaker also said it will make it to the Cybertruck. In an updated article, Electrek's Fred Lambert says Musk confirmed Tesla Semi's efficiency at 1.7 kWh per mile, "which means it has a roughly 900 kWh battery pack."

Tesla didn't reveal the weight of the actual truck or the price. "In 2017, Tesla said the trucks would be $150,000, $180,000, and $200,000, depending on the model, but those prices are expected to have changed over the last five years," reports Lambert.

Huawei has confirmed the existence of a smartwatch it's working on featuring a pair of built-in wireless earbuds. "Huawei's account on Chinese Twitter-like site Weibo announced the existence of the device on Wednesday and promised all would be revealed on December 2," reports The Register. "But Huawei has since postponed its Winter 2022 consumer kit launch for unexplained reasons." You can view a teaser video on YouTube. The Verge adds: As the name suggests, the Huawei Watch Buds are a pair of earbuds concealed within a smartwatch that looks similar to the Huawei Watch 3. Details are a little sparse so there's no word yet on what kind of performance or battery life you can expect from either of the products, but the watch itself does appear to be running HarmonyOS.

The earbuds don't seem to resemble any previous Huawei products, sporting a bare-bones black and silver design. While the concept feels more than a little gimmicky, it could be a neat solution for runners and other sporty folks who don't want to carry a separate earbud case during a workout. (If they don't mind the extra bulk on their wrists.) [...] Addressing the elephant in the room, it's unlikely that you'll be able to buy this wacky gadget in the US anyway, regardless of its legitimacy. Huawei products have been effectively banned in the country since the company was placed on the Commerce Department's Bureau of Industry and Security Entity list in 2019.

Crypto exchange Kraken writing in a blog post: Today we're announcing one of the hardest decisions at Kraken to date. We're reducing our global workforce by approximately 1,100 people, or 30 percent, in order to adapt to current market conditions. We are extremely grateful for the contributions of those impacted by today's announcement and we'll do our best to help them transition to their next opportunity. All impacted Krakenites have been notified as of this morning. Over the past few years, hundreds of millions of new users entered the crypto space and millions of new clients put their trust in Kraken during that time. We had to grow fast, more than tripling our workforce in order to provide those clients with the quality and service they expect of us. This reduction takes our team size back to where it was only 12 months ago.

Since the start of this year, macroeconomic and geopolitical factors have weighed on financial markets. This resulted in significantly lower trading volumes and fewer client sign-ups. We responded by slowing hiring efforts and avoiding large marketing commitments. Unfortunately, negative influences on the financial markets have continued and we have exhausted preferable options for bringing costs in line with demand. As one of the longest running global crypto exchanges, founded in 2011, we have successfully navigated many market cycles and our strategy has always included thoughtful cost management and spending. These changes will allow us to sustain the business for the long-term while continuing to build world-class products and services in selective areas that add the most value for our clients.

Apple's iPhone 14 Pro and Pro Max model shipments could miss market expectations by up to 20 million units in the holiday quarter due to labor unrest at a major Chinese factory, TF Securities analyst Ming-Chi Kuo said. Reuters reports: Kuo is the latest to flag a hit to the world's most valuable company from protests over pay and strict COVID-19 curbs at the world's biggest iPhone factory, the Foxconn-operated plant in the central city of Zhengzhou. He trimmed his estimate for quarterly iPhone shipments by about 20% to between 70 million and 75 million units, compared with the market consensus of 80 million to 85 million units.

Kuo, in a blog post on Tuesday, also predicted that the supply shortfall could erase demand for the more popular Pro models, instead of deferring sales, as consumers also grapple with a weakening economy. In contrast, other Apple analysts expect sales to pick up once production constraints ease and more Pro models become available. Some analysts signaled the possibility of the challenges extending into 2023.