The Biden administration has stated that US tech companies that receive federal funding will be prohibited for ten years from constructing “advanced technology” facilities in China. The policies were unveiled as part of a $50 billion (£43 billion) plan to… Read More ›
Russia has issued a warning that until sanctions are lifted, it will not resume gas supplies along a vital pipeline to Europe. The Nord Stream 1 pipeline was closed for three days for maintenance, and Moscow has blamed Western nations… Read More ›
G7 finance ministers are expected to finalize plans on Friday to impose a price cap on Russian oil in order to reduce revenues for Moscow’s war in Ukraine while keeping crude flowing to avoid price spikes, according to G7 officials…. Read More ›
The US Justice Department announced that a subsidiary of Dutch medical device maker Philips has agreed to pay more than $24 million to settle allegations of false claims regarding respiratory-related medical equipment. According to the Justice Department, the subsidiary, Philips… Read More ›
Elon Musk sent out a supplemental letter of deal termination to Twitter Inc, citing a recent whistleblower complaint from the social media firm’s former security chief as yet another reason to cancel the $44 billion deal. Last week, Peiter Zatko,… Read More ›
Due to major travel disruptions, including a strict COVID-related lockdown in Shanghai, China’s three largest airlines reported a combined second-quarter loss of 28.4 billion yuan ($4.12 billion) on Tuesday, a larger loss than in the first quarter. The country’s policy… Read More ›
If governments do nothing to bring down the price of natural gas, EU countries will face five to ten harsh winters, warned Belgium’s energy minister. Gas price caps and decoupling from electricity prices are being advocated for across the EU…. Read More ›
According to new data, the number of chain stores closing in the United Kingdom has decreased significantly. Closures fell by one-third in the first half of 2022 compared to the same period last year, according to accounting firm PwC. Shop… Read More ›
The fuel that each and every automaker is now after these days in the transformation from gas-powered automobiles to electric vehicles is cold hard cash. To meet rising demand, both established automakers and startups are introducing new battery-powered models. Increasing… Read More ›
Amazon is discontinuing its telehealth service, Amazon Care, signaling a significant retreat by the retail behemoth in its efforts to enter the health care space. Amazon Health Services lead Neil Lindsay officially confirmed in a company email that the service… Read More ›
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