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Fire at a lithium battery factory in South Korea: at least 22 dead

Fire at a lithium battery factory in South Korea: at least 22 dead

According to Kim, workers who fled the blaze said the fire broke out when a single battery cell caught fire, triggering a series of explosions among some of the 35,000 lithium battery cells stored on the second floor of the factory. Fires can occur in lithium batteries when the internal layers are compressed, causing a short circuit. The layers can be compressed by a sudden impact, such as during a vehicle collision, or by the gradual swelling of the batteries from regular use. Lithium is a metal that can store large amounts of energy in a small space, which is…
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How Taylor Swift’s Eras Tour Could Affect the European Economy

How Taylor Swift’s Eras Tour Could Affect the European Economy

It’s not just Taylor Swift fans who are keeping an eye on the dates of her Eras Tour. One of Europe’s leading economists is well aware that the singer will be spending the summer zipping around Europe’s stadiums. Philip Lane, chief economist at the European Central Bank, had the pop star in mind when he spoke at an event on Monday. The interviewer had asked him about the risk that persistent inflation in the services sector could intensify, especially as Europe heads into a particularly busy summer with the Paris Olympics and the Euro 2024 football championship in Germany. “Well,…
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Shahjahan Bhuiya, TikTok-Famous Hangman, Dies in Bangladesh

Shahjahan Bhuiya, TikTok-Famous Hangman, Dies in Bangladesh

Shahjahan Bhuiya, who rose to fame by executing some of Bangladesh’s most notorious criminals in exchange for reduced sentences for his crimes and later gained brief fame on TikTok, died on Monday in Bangladesh’s capital Dhaka. The National Police announced on Tuesday that the cause of his death, which occurred in hospital, had not yet been confirmed. Abul Kashem, Bhuiya's landlord, said he took Bhuiya to hospital on Sunday after Bhuiya felt chest pains. Last year, Bhuiya said he was 74 in local media, but his national identity card, provided by Kashem, indicated he was 66 at the time of…
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The Fed’s preferred measure of inflation shows signs of cooling

The Fed’s preferred measure of inflation shows signs of cooling

The Federal Reserve's preferred inflation gauge continues to show signs of cooling, accompanied by moderate growth in consumer spending - good news for central banks aiming to control rising prices and curb demand. In May, the personal consumption expenditure (PCE) index rose 2.6% from a year earlier, meeting economists' expectations and down slightly from April's 2.7% increase. Excluding more volatile food and fuel prices, core inflation also rose 2.6% year-on-year, down from 2.8% in April. On a monthly basis, inflation remained particularly subdued, with overall prices showing no significant increases. The Federal Reserve is likely to scrutinize this new inflation…
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The South Florida Heat and Panthers chase NBA and NHL titles

The South Florida Heat and Panthers chase NBA and NHL titles

Lifelong friends Martin Schwartz and Matthew Mandel enjoy a rare sports moment as Miami teams compete for championships. Martin Schwartz and Matthew Mandel are living a dream come true. The lifelong friends and residents of South Florida hit the sports jackpot with the Miami Heat and Florida Panthers both making it to the finals, competing for the NBA and NHL titles simultaneously. Schwartz and Mandel, who have shared season tickets with both teams for years, have seen their fair share of ups and downs. They’ve endured tough seasons, like the Heat’s 15-win campaign in 2007-08, and watched away fans dominate…
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