Business Update – February 22, 2023
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
Meta follows in the footsteps of Twitter
Mark Zuckerburg announced that Meta is launching a pay-for-verification subscription service called Meta Verified for Facebook and Instagram, much like Twitter Blue. The launch begins in Australia and New Zealand this week, with more countries to follow.
Nearly 1.1 million cars recalled
Nissan, Tesla, and Ram announced recalls of hundreds of thousands of vehicles each this week, with varying reasons for each model. Find out more here.
Asia markets rise as lending rate holds steady
The People’s Bank of China left its 1- and 5-year prime loan rates unchanged, leading to a higher opening for Asia-Pacific markets on Monday as investors awaited economic data due later in the week.
Chinese airlines flying through Russia have an unfair advantage
Since the Russian invasion of Ukraine nearly a year ago, European, Canadian, and U.S. airlines have avoided Russian airspace, making long-haul routes take longer and cost more. As China reopens and flies directly through Russia, other international airlines say they have a leg up.
Oil prices rise to start the week
As the Chinese economy appears to strengthen, the price of oil has begun to rise in anticipation of an increase in demand.
Everyone’s scrambling to get on board with AI
With the release of ChatGPT in November and a handful of others since then, it seems that everyone’s talking about the potential of AI. Everyone from students to CEOs is trying to keep up as we figure out how this new technology fits into our lives.
No more SMS two-factor authentication on Twitter unless you pay
Twitter warned non-Twitter Blue users using SMS 2FA authentication that they have 30 days to switch to another 2FA method. Find out how to keep your account secure here.
5 things to know about Bitcoin this week
Everyone’s watching as Bitcoin continues to make steady gains in 2023. But will it climb back to $20K? Cointelegraph made a list of 5 things to know about Bitcoin this week.
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