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Aerosmith's Farewell Tour

After over five decades of performing, Aerosmith has announced their final farewell tour named "Peace Out". The tour begins on September 2nd in Philadelphia and will wrap up in Montreal on January 26th, 2024. The Black Crowes will join them on all 40 tour dates. It is worth noting that Joey Kramer, Aerosmith's founding drummer who sat out parts of the band's recent Las Vegas residency, will not be part of the tour either.

Despite their final tour, the band's legacy will live on through their five decades of albums that originally came out on Columbia and Geffen, which is now distributed by Universal Music Group. Although the tour only refers to a retirement from touring, the band has been inactive as a recording unit in recent years, not having released a new album in more than a decade.

This farewell tour is a significant moment for the music industry and fans of Aerosmith. After years of continuous touring and providing their fans with memorable music, this marks the end of an era. Even though the band has been inactive with recording new music, they have been one of the most iconic rock bands of all time with numerous hits and loyal fans who will be sad to see them go.

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More on Entertainment

• ​"Guardians of the Galaxy Vol. 3" director James Gunn has taken an ambitious approach by creating multiple aspect ratios of the movie to give each cinema's configuration a custom fit, making it more immersive for cinema-goers. With a rumoured 600 versions of the movie, Marvel shows its willingness to achieve the best experience for each individual cinema. The movie is set to be a highly anticipated cinematic event.

Apple's New Savings Account

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How successful has Apple’s new Goldman Sachs-backed savings account been?

Apple’s new high-yield savings account has seen $990 million in deposits in less than a week, with 240,000 accounts signing up for the service.

How does this success compare to Apple’s mobile payments platform?

While Apple had previously seen success with its mobile payments platform, the new savings account is already doing gangbusters.

What is the interest rate of the savings account and how does it compare to other accounts?

Apple’s savings account offers a 4.15% annual interest rate, which is well above most other similar accounts, including Goldman Sachs’ own Marcus account, which offers just 3.9%.

Who is the savings account geared towards and what are the restrictions?

The savings account is geared specifically towards diehard Apple users and requires users to own an iPhone using iOS 12.4 or later and an Apple ID with an associated iCloud account “in good standing.”

What factors may have contributed to the success of Apple’s savings account?

The success of the savings account may be due to factors such as Apple’s loyal customer base, the account’s high yield interest rate, and rising interest rates causing havoc at some other banks. However, Apple may face antitrust scrutiny if it continues to capitalize on its walled garden with its fintech brand.

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More on Tech News

• ​"Juice Jacking" may be a cybersecurity threat where hackers steal data through charging stations, but most experts don't consider it a significant threat unless targeted by nation-state hackers. Users can protect themselves by avoiding public charging stations and bringing their own chargers or power banks.
• ​SpaceX's recent Starship and Super Heavy booster launch resulted in an explosion due to failed separation, and a delayed self-destruct mechanism. Despite the mishap, Elon Musk considers the mission to have been a "success" in gathering information. Investigation and improvements will follow to ensure public safety in future launches, emphasising the importance of learning from failures.

Headline Roundup

France Protests Turn Violent: French cities saw violence during May Day demonstrations, as protesters angry at pension reforms clashed with police. At least 108 police officers were injured and 291 people have been arrested during the unrest. Hundreds of thousands have been taking part in protests against President Emmanuel Macron's reforms, which would raise the state pension age from 62 to 64. The violence was “unacceptable,” said Prime Minister Élisabeth Borne, while trade unions have demanded the reforms be withdrawn. The Interior Ministry put the overall number of demonstrators at 782,000, while the CGT union says the figure is three times that number.

Chinese Military Develops Large Blimp: Experts say the recent sighting of a large blimp in northwestern China could be a notable advancement in China's airship program since it demonstrates a more versatile and maneuverable craft than previously seen. The roughly 100-foot-long blimp was spotted at a desert military complex in November 2022 by US satellite imaging company BlackSky. Aerospace experts say the blimp could be used as a “submarine of the skies” and allows extended periods of aerial surveillance because of its dedicated propulsion and navigation capabilities. This sighting could mean that China is advancing their airship program using different types of airships like blimps, aerostats, and free-floating balloons. The development of a large airship, capable of emerging from the hangar under construction, could be a major indicator that China is ramping up their airship program.

Thai Frontrunner Gives Birth: Paetongtarn Shinawatra, the frontrunner in Thailand's upcoming general elections, has given birth just two weeks ahead of the vote. Despite the pregnancy, the politician has managed to maintain her lead in the polls and campaigned via video link on Saturday. Paetongtarn is the daughter of former Prime Minister Thaksin Shinawatra and the leading candidate for the Pheu Thai Party, which is controlled by her family. Her father was ousted in a 2006 coup and lives in Dubai to avoid corruption charges. The latest opinion poll, conducted by Thailand's National Development Administration (NIDA), shows Paetongtarn comfortably ahead of her closest rival, with incumbent Prime Minister Prayut Chan-ocha in third place.

Internet turns 30, AI Next

The year 1989 marked the inception of what has grown into today's internet. A British physicist, Tim Berners-Lee, working at CERN in Geneva, Switzerland, coined the idea of the World Wide Web, introducing the technology in 1993. The internet has revolutionized the way people live, and now artificial intelligence (AI) could shape its future. AI chatbot ChatGPT launched recently, generating discussions about its potential to change the internet positively. However, there are ethical concerns surrounding AI models, including transparency, accountability and data protection.

The internet has transformed how people live and work, providing easy access to information from anywhere in the world. The 30th anniversary is an excellent opportunity to note how the internet has impacted different aspects of life. With AI, the next stage of the internet is beginning to emerge, and the ChatGPT chatbot is generating discussions about its potential. While AI has positive implications, it also raises ethical considerations regarding data protection, transparency, and accountability.

Thirty years ago, internet technology was introduced to the public, providing individuals worldwide with the ability to access an extensive network of hyperlinked information. Although the technology has experienced minor changes, AI has the potential to shape the future of the internet. However, industrial giants such as Google, Apple, Facebook, Amazon and Microsoft, with a much more significant influence on the internet structure, have faced accusations about controlling the internet's structure.

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More on Economy and Business

• ​Over 35,000 workers at Canada Revenue Agency are on strike, demanding better pay and telework flexibility in response to record-high inflation and corporate profits. The strike has lasted almost two weeks and highlights the growing demand for telework flexibility amid the COVID-19 pandemic. A four-year contract has been reached, providing a 12.6% wage increase and new protections for teleworking.
• ​The Federal Reserve plans to increase interest rates at their meeting this week, with rates expected to reach the highest level in 16 years. There is debate among officials on whether this will be enough to stop the fastest rate-raising cycle in 40 years and whether they should pause rate increases. Investors, savers, and anyone with a loan or credit should pay attention as this will impact personal finance and the overall economy.
• ​JPMorgan Chase becomes second-largest in U.S. bank after the collapse of First Republic Bank, which was seized by regulators on Monday. Midsize banks, including Signature Bank and Silicon Valley Bank have also faced issues, leading to investor concern and reassurance measures from regulators. President Biden has called for increased oversight of these banks.

Guinea Teachers Protest Payment Arrears

Contract teachers in Guinea went on strike, protesting against the government's non-payment of salaries for up to seven months, lack of rights, and their exclusion from the country's public system. The protests took place across the country from April 24 to 30 and threaten to escalate, just one month before the end-of-year exams.

The Ministry of Territorial Administration and the Ministry of Pre-University Education announced that salaries would be paid soon but that the teachers' contracts must be updated first and issues of fraud screened out. However, the protestors remain sceptical, fearing it may be an empty promise, especially as the government made similar promises in the past.

If the strike continues, the proper functioning of the end-of-year exams could be jeopardized, leading to the potential cancellation of the exams. Guinea's main teachers' unions have had a long history of going on strike to protest against the government's actions, with one episode in February 2017 that resulted in seven people dying in clashes with police.

The teachers' protests highlight the challenges facing education systems in many African countries, including government funding shortages, delays in paying teachers and inadequate policies to maintain quality education. The strike could cause considerable damage to students, who are already struggling from the pandemic's effects, as many have already missed classes due to lockdowns, and schools' reopening has faced many obstacles. The government must act quickly to resolve the situation and listen to their teachers' demands. The strike should serve as an alarm for the authorities to be more proactive in addressing the system's shortcomings.

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More on African News

• ​Sudanese nationals are left without travel documents as Western embassies evacuated due to the country's conflict, leaving many stranded. The Italian and Dutch foreign ministries are working to return passports to the nationals, while the UN's refugee agency is concerned about the security situation of refugees, internally displaced people, and civilians across Sudan as the crisis worsens. Over 50,000 people have fled Sudan to neighboring countries since the conflict broke out.
• ​Djibouti has detained and deported around 3,000 migrants who entered the country illegally, as part of a crackdown on irregular migration. The government cited an influx of people from neighbouring countries as its reason for action, which has been criticised by human rights groups. The crackdown highlights the growing challenge of managing migration in Africa, with many people fleeing conflict, climate disasters or seeking a better life.
• ​Egypt has released Al Jazeera journalist Hisham Abdel Aziz after four years of pre-trial detention over charges of "spreading false news" and "joining a terrorist group." Aziz, a Doha-based producer, was arrested in Egypt in 2019 whilst on a family trip. Despite his release, two other Al Jazeera journalists remain in Egyptian prison on similar charges.

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