These are the best hotels in the U.S. and Europe, according to a new ranking

The U.S. News & World Report released its 13th annual ranking of the best hotels for travelers this week. The rankings, published Tuesday, are based on three factors: the number of awards received from the travel industry, a hotel’s star rating, and guest reviews from the travel website Tripadvisor. More weight was given to recipients of “highly selective” awards, as well as those with more traveler reviews, according to the press release. That makes it harder for new hotels to break into the upper ranks of the annual list. The…

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Not Looking To Sanction India: US On India’s Import Of Russian Oil

US Assistant Secretary of State for European and Eurasian Affairs Karen Donfried on Wednesday said the US is comfortable with the approach India has taken in buying oil from Russia and added that her country is not looking to sanction New Delhi as the relations between the two countries are most consequential. Donfried was responding to a question during a telephone conference on India purchasing oil from Russia and said, “We are not looking to sanction India. Our relationship with India is the most consequential relationship.” She also welcomed India’s…

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These 10 metro areas are the most ‘rent burdened’ in the U.S. — New York City comes in at No. 1

Spencer Platt | Getty Images News | Getty Images New York is the most rent-burdened metro area in the U.S., according to a new report from Moody’s Analytics. A household with the median income in the Big Apple would need to pay nearly 69% of earnings to rent the averaged-priced apartment there, the research division of the rating agency found. Families who direct 30% or more of their income to housing typically are considered “rent burdened” by the U.S. Department of Housing and Urban Development, and “may have difficulty affording…

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Delta raises employee pay 5%, second increase in a year

Nurphoto | Nurphoto | Getty Images Delta Air Lines is raising employee pay 5%, the second time its lifted staff pay in less than a year as a sharp rebound in travel boosts the carrier’s profits and the U.S. labor market remains tight. Delta raised employee pay 4% in May, the first increases since before the pandemic. “Considering the depths of losses we suffered during the pandemic, including a $1 billion first quarter loss just last year, this is truly a remarkable achievement,” CEO Ed Bastian wrote in a staff…

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Biden plans to go after social media and kids’ mental health in SOTU speech

U.S. President Joe Biden speaks as he attends the DNC 2023 Winter Meeting in Philadelphia, Pennsylvania, U.S., February 3, 2023.  Elizabeth Frantz | Reuters U.S. President Joe Biden will take aim at tech companies and discuss data privacy and online safety when he delivers the annual State of the Union address Tuesday night, the White House said. During the speech, Biden will call for bipartisan support to ban targeted advertising for children and young people online, and he will demand transparency about tech companies’ algorithms and how they collect Americans’ personal data.…

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UN Chief Antonio Guterres Fears Wider Wars

As Russia’s Ukraine invasion approaches one year, United Nations chief Antonio Guterres expresses fear, amidst the worldwide challenges never, that are likely to develop into wider wars. Guterres said, his distress is following the expert’s survey around the world that claims the global state in 2023 has set the Doomsday Clock at 90 seconds to midnight the closest ever to a total worldwide catastrophe. He underlined the peace-threatening dangers, the Ukraine war, runaway climate, nuclear threats, the widening wealth and poverty gulf and the geopolitical division hammering the global solidarity…

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Crypto exchange Binance will suspend U.S. dollar transfers

Zhao Changpeng, founder and chief executive officer of Binance, attends a conference at Porte de Versailles exhibition center in Paris, France June 16, 2022. Benoit Tessier | Reuters Binance, the world’s largest crypto exchange, will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. “We are temporarily suspending USD bank transfers as of February 8th,” a Binance spokesperson told CNBC. “Affected customers are being notified directly.” The company said “0.01% of our monthly active users leverage USD bank transfers,” and added that…

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35% of millionaires say retirement is ‘going to take a miracle,’ report finds

Why $1 million may not feel like enough The 4% rule is a popular guideline for retirees to determine how much money they can live on each year without fear of running out later. It suggests that retirees can safely withdraw 4% of their investments (adjusted for inflation) each year in retirement. “A million may seem like a lot, but many people are surprised when they do the math and realize that 4% of $1 million is only $40,000 yearly,” said Dave Goodsell, executive director of the Natixis Center for Investor…

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US Shoots Down China’s Suspicious Surveillance Balloon

Reports claimed that the shootdown was ordered by President Joe Biden on Wednesday, ensuring no damage to anyone on the ground, later, the military took the call on Saturday while the Chinese balloon was over the Atlantic within US territorial waters The US-China rivalry in the Asia-Pacific is likely to spark new tension amidst the US shootdown of an alleged Chinese surveillance balloon off the South Carolina coast on Saturday, according to the media report. Reports claimed the shot down was ordered by President Joe Biden on Wednesday, based on…

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How the end of Netflix password sharing will change the way families watch, especially the ones with college-age children

Nurphoto | Nurphoto | Getty Images Is sharing a Netflix password cybercrime? It will soon become, mostly, a thing of the past if the world’s largest streaming service has its way. After experimenting with a plan to crack down on password sharing in Latin America, Netflix will launch the U.S. version of this subscription identification tracking technology in March, but has been quiet on the details of how it will work. That is, until earlier this week, when a Netflix FAQ page change picked up on by the press indicated…

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