Japan start-up Innophys seeks to expand exoskeleton business abroad
Dec 31, 2022 23:09 pm UTC| Science Economy Business Health
Japan start-up Innophys Co. is expanding overseas in nations that have aging populations to offer its wearable exoskeleton to support heavy lifting. Set up by Tokyo University of Science professor Hiroshi Kobayashi,...
Toyota's Indian unit admits customer data breach
Dec 31, 2022 23:09 pm UTC| Business Economy Technology
Toyota India has notified local authorities that a data breach at Toyota Kirloskar Motor (TKM) may have exposed some customers personal information on the internet. TKM, a joint venture with Indian conglomerate...
Pentagon awards additional $7.8 billion to Lockheed Martin for F-35s
Dec 31, 2022 23:06 pm UTC| Economy Business
The US Defense Department had awarded a $7.8 billion contract modification to Lockheed Martin Corp for procuring 127 F-35 Lot 16 aircraft. The additional deal brings the total deal between the company and the Pentagon...
Norwegian Cruise Line ordered to pay $110 million in damages for using Cuban port
Dec 31, 2022 22:47 pm UTC| Law Economy Business
Norwegian Cruise Line had been asked by US District Judge Beth Bloom to pay 109,848,747.87 in damages plus $3 million in legal fees and costs to Havana Docks Corporation for using a Cuban port. Judge Blooms decision...
Volvo Cars now fully owns software development subsidiary Zenseact
Dec 31, 2022 22:34 pm UTC| Economy Business
Volvo Car AB had acquired 13.5 percent of its autonomous driving (AD) software development subsidiary Zenseact from ECARX, to make it the AD software company a fully owned subsidiary of the Swedish automaker. According...
Hong Kong’s Link to acquire Singapore real estate assets
Dec 31, 2022 21:11 pm UTC| Life Economy Business
Hong Kong real estate giant Link Reit is acquiring two Singaporean retail developments, Jurong Point and Swing By @ Thomson Plaza, for US$1.6 billion. Upon the transactions completion with the seller, Mercatus...
McDonald’s shutting in Bosnia and Herzegovina due to license woes
Dec 31, 2022 21:09 pm UTC| Economy Business Life
McDonalds stopped operating in Bosnia and Herzegovina last night and will keep its restaurants in the country closed until further notice due to license issues. The global fast food chain had its three restaurants in...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects