ADM’s Suspended CFO to Resign After Accounting Probe

Apr 23, 2024 08:14 am UTC| Business

Archer Daniels Midland Co., or ADM, revealed that its chief financial officer, Vikram Luthar, agreed to resign from his post, effective Sept. 30. His resignation comes as the company goes through an investigation over...

How corporate involvement in psychedelic research could threaten public safety

Apr 23, 2024 08:06 am UTC| Insights & Views Business

In the mid-20th century, psychedelics were deemed illegal substances with little medical purpose, a high potential for abuse and a lack of safety. However, emerging evidence suggests the opposite; a potential role for...

The language of insolvency: why getting it wrong can harm struggling firms

Apr 23, 2024 08:02 am UTC| Business

Business failures are on the rise in Britain, with several high-profile names lost already this year. But since the 1980s, the UK has made it a priority to throw a lifeline to struggling companies. It appears, however,...

Amazon to Introduce Air Delivery Service in Arizona via Drone

Apr 23, 2024 07:22 am UTC| Business Technology

Amazon announced it will commence air delivery in Arizona using drones this year. The e-commerce giant said customers residing within the West Valley Phoenix Metro can avail themselves of Prime Air drone deliveries from...

Apple Adds Eight Chinese Companies to Its Supply Chain After Axing Four

Apr 23, 2024 06:25 am UTC| Business Technology

Apple Inc. reportedly expanded its supply chain by adding eight new Chinese companies. This move made it apparent that the iPhone maker would be relying on a China-based network of companies for the future production and...

Hollys Brews Expansion with First Overseas Outlet in Japan in May

Apr 23, 2024 05:37 am UTC| Business

Hollys, the esteemed coffee division of South Koreas KG Group, has announced its ambitious foray into the international market with the inauguration of its first overseas cafe in Osaka, Japan, next month. This move marks a...

China Secures Banned Nvidia Chips Amid US Export Restrictions, Tenders Reveal

Apr 23, 2024 05:22 am UTC| Technology Business

A Reuters investigation shows that despite U.S. sanctions restricting exports of advanced Nvidia AI chips, several Chinese educational and research institutions have acquired these through Super Micro and Dell...