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Wed, Jul 03, 2024 08:21 PM All times are UTC

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Kappa Sushi president arrested on suspicion of stealing data from rival chain

Sep 30, 2022 23:52 pm UTC| Law Economy Business

Tokyo police arrested Koki Tanabe, the president of the operator of the Kappa Create sushi restaurant chain, on suspicion of fraudulently obtaining confidential information on a rival company. Tanabe, 46, president of...

16 Wall Street firms fined $1.8 billion for transacting through personal apps

Sep 28, 2022 21:27 pm UTC| Law Economy Business Investing

US regulators fined 16 financial firms a combined $1.8 billion for letting their staff discuss deals and trades on their personal devices and apps. The firms include Barclays, Bank of America, Citigroup, Credit Suisse,...

Judge favors US Sugar’s purchase of Imperial Sugar

Sep 28, 2022 21:26 pm UTC| Law Economy Business

A US judge favored US Sugars plans to buy rival Imperial Sugar, rejecting a Justice Department argument that it would increase sugar prices for households and food and soda producers. The Justice Department said that...

US trade commission investigates Samsung for alleged patent violations

Sep 25, 2022 22:24 pm UTC| Law Economy Business

The US International Trade Commission (ITC) has opened an investigation into allegations by an Atlanta-based firm of patent violations over outdoor electronic displays against Samsung Electronics. Manufacturing...

Boeing to settle $200 million fine for misleading investors on 737 MAX's safety

Sep 25, 2022 22:23 pm UTC| Law Economy Business

Boeing agreed to settle the $200 million penalty slapped by the US Securities and Exchange Commission fined Boeing for misleading assurances about the safety of the 737 MAX airplane deemed to be negligent violated the...

FTC reviewing Amazon's deal to buy iRobot for $1.7 billion

Sep 22, 2022 23:57 pm UTC| Business Economy Law Technology

The Federal Trade Commission is investigating Amazons $1.7 billion acquisition of iRobot, amid growing concerns about the companys market power. According to iRobot, it and Amazon received a request for additional...

NY judge allows foie gras sales to continue while ban is challenged in court

Sep 20, 2022 22:54 pm UTC| Law Life Economy Business

The Supreme Court of New York has allowed foie gras to remain on fine dining menus and in city shops while farmers await a ruling on their challenge of New York Citys ban filed earlier this year. A judge issued a...

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Economy

Please stop obsessing over words. It’s quite simple: the RBA thinks inflation is too high

These days every word of every statement from the Reserve Bank Governor Michele Bullock is pored over in minute detail as is every word uttered at her press conference after each Reserve Bank board meeting. Desperate...

G7 overcomes internal wrangling and ‘irrelevance’ barbs to strike US$50 deal to support Ukraine

In the 26 months since Russia invaded Ukraine in February 2022, the west has been riven with disagreement about how much and what support it will provide for Volodymyr Zelenskys government. There are two main reasons for...

For the next prime minister to solve the UK’s productivity problem, they must attract more foreign investment – here’s how

The British economy has a serious productivity problem that will have to be addressed by the next government. According to data from the OECD (the Organisation for Economic Co-operation and Development), productivity...

Brexit boredom is one thing – but there’s a real problem when Britain’s leaders won’t even talk about Europe anymore

British politics has, in recent years, been plagued by two competing forces when it comes to Europe. On one side, there is an understanding that the UK and the EU need to rub along, because of their proximity and...

Space arms race may be underway

As conflict rages on Earth, an arms race may be underway in outer space. On May 30, a US diplomat warned that Russia had launched a weapon into orbit, something Russias deputy foreign minister, Sergey Ryabkov, branded as...

Politics

Microsoft-G42 Deal Forces Huawei Exit, White House Hails Move

The White House praised Microsofts $1.5 billion investment in G42, emphasizing the positive impact of ending relations with Huawei on AI security. White House Sees Positive Shift in UAE Tech Alliances According to...

Why legacy media brands still matter in the UK’s ‘social media’ election

For decades, the front pages of newspapers have documented iconic campaign moments. Now, many think that the internet (particularly social media platforms) is where an election is won or lost. Some have even dubbed this...

This is billed as a ‘change’ election – but Britain’s electoral system means hardly any seats are true multi-party contests

With all polls pointing in the same direction, the 2024 election will deliver seismic change. It is being seen as a contest that will practically wipe out one party and deliver a large majority to another. But the reality...

South Africa’s unity government: 4 crucial factors for it to work

Governments of national unity built on power-sharing arrangements are common in Africa and elsewhere in the world. Now South Africa also has a unity government, following the 2024 general election in which no party won a...

Three ways politicians always promise to raise money without increasing taxes – and why they rarely deliver

After weeks of controversy over Labour and Conservative costings in which each side accused the other of dishonesty the manifestos show that both parties had wildly exaggerated their rivals plans. But there has been...

Science

SpaceX to Help NASA Deorbit ISS; Starlink Lands Major Comcast Business Partnership

SpaceX will develop the U.S. Deorbit Vehicle so that NASA can safely deorbit the ISS by 2030. Meanwhile, SpaceX Starlink secures a significant partnership with Comcast Business to enhance rural connectivity. NASA Taps...

Japan Discovers 230 Million Ton Manganese Deposits, Boosting EV Battery Industry

Japan has discovered 230 million tonnes of manganese deposits near Minami-Torishima Island, potentially transforming its EV battery industry by significantly reducing reliance on imports and providing enough cobalt and...

Keeping astronauts healthy in space isn’t easy − new training programs will prepare students to perform medicine while thousands of miles away from Earth

In the coming decade, more people will go to space than ever before as human spaceflight enters a new era. NASA, the European Space Agency and other governmental agencies are partnering to develop crewed missions beyond...

Nations realise they need to take risks or lose the race to the Moon

The Nasa-led Artemis-3 mission will place the first human boots on the surface of the Moon since Apollo 17s Gene Cernan and Harrison Schmitt left the lunar surface in December 1972. The goal of the Artemis programme is...

Some of Earth’s most ancient lifeforms can live on hydrogen – and we can learn from their chemical powers

Three-quarters of all matter in the universe is made up of hydrogen. The young Earth was also rich in hydrogen, thanks to fierce geological and volcanic activity. Just as stars burn hydrogen to produce heat and light...

Technology

Shiba Inu ETF Speculation Rises: Analysts Weigh In on Potential Market Impact

Scott Melker and Austin Arnold explore the potential influence of Shiba Inu and Solana ETFs on the cryptocurrency market, emphasizing their growth prospects. Bitcoins Rise Driven by ETFs Scott Melker, host of The...

Cathie Wood’s Ark Invest Sells $15M in Tesla Shares Amid Stock Price Surge

Ark Invest, led by Cathie Wood, has sold $15 million in Tesla shares, marking its first sale of the stock in nine months, amid a recent surge in TSLAs price. The move has prompted speculation about the firms strategic...

Crypto Industry Faces $1.5B Loss in 200 Attacks, Ethereum and Bitcoin Hit Hard

The crypto industry has faced over $1.5 billion in losses from 200 cyberattacks this year, with Ethereum, Bitcoin, and XRP among the most affected, highlighting significant vulnerabilities in the sector. Crypto Industry...

Bitcoin Dips Below $60K Amid $9B Mt. Gox Repayments, Whale Activity Intensifies

Bitcoins price fell below the $60,000 mark on July 3 amid $9 billion in Mt. Gox repayments and intensified whale activity, signaling potential extended price consolidation. Bitcoins Downward Trend Continues, Dipping...

Nigerian Trader Returns $14K in Solana, Reinstating Trust in Crypto Community

A Nigerian cryptocurrency trader, Femi Akinola, has restored confidence in the crypto community by returning 90 Solana tokens worth $14,000 a foreign trader mistakenly sent him. Femi Akinolas $14K Solana Return Sparks...

Digital Currency