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BioNTech Faces German Lawsuit Over Alleged Vaccine Side Effects: First Case Targets Compensation

Jun 12, 2023 08:46 am UTC| Business Life Economy

BioNTech SE, a Mainz-based German biotech firm, confronts a homegrown lawsuit seeking compensation for purported COVID-19 vaccine side effects. The initial case, scheduled for court on June 12, is expected to precipitate...

Illumina CEO Francis deSouza Resigns, Victory for Activist Investor Carl Icahn; Charles Dadswell Steps in as Interim CEO

Jun 12, 2023 08:28 am UTC| Business Economy

Illumina Inc., the DNA-sequencing giant, announced the resignation of CEO Francis deSouza and the interim appointment of Charles Dadswell, previously the firms SVP and General Counsel. The unexpected departure is seen as a...

Krispy Kreme Partners With Ethical Spirits for Doughnut Distilled Gin in War Against Food Waste

Jun 12, 2023 08:22 am UTC| Life Economy Business

In a remarkable step towards reducing food waste, Krispy Kreme teams up with Ethical Spirits, introducing gin made from surplus doughnuts and a special upcycled doughnut. Collaborating with Japanese company Ethical...

LS Electric Begins UK-Based $93M Energy Storage System Project, Aiming for European Renewable Market Expansion

Jun 12, 2023 08:12 am UTC| Business Economy

South Korean power company, LS Electric Co. Ltd, has initiated the construction of its first UK-based Energy Storage System (ESS) project, investing approximately $93 million. This strategic move marks the companys foray...

Samsung Electronics Supplants ChatGPT With Proprietary AI Due to Security Concerns

Jun 12, 2023 07:25 am UTC| Business Economy Technology

Samsung Electronics is moving away from the use of ChatGPT, citing security issues, and developing its in-house artificial intelligence (AI) to assist employees with tasks such as translation, knowledge search, and...

Digital Currency Revolution

Delaware Judge Shields FTX Trading's Customer, Creditor Names After Crypto Exchange Collapse

Jun 12, 2023 07:12 am UTC| Law Digital Currency Economy Business

A Delaware bankruptcy judge has ruled that FTX Tradings customers and creditors names must stay private, despite the cryptocurrency exchanges bankruptcy, sparking debate on public transparency and data...

Hyundai Intensifies Partnerships With Samsung, LG, SK for Global Mobility Dominance

Jun 12, 2023 06:13 am UTC| Business Economy

Hyundai Motor Co. is escalating its collaborations with Samsung, LG Electronics, and SK to assert a top position in the global mobility industry. This ambitious move seeks to capitalize on their local expertise for parts...

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Economy

RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal

The Reserve Bank of India (RBI) on Friday kept its key repo rate unchanged at 5.25%, a widely expected decision that reflects confidence in Indias strong economic growth and easing external pressures following a major...

Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm

Japans economy is widely expected to have returned to growth in the final quarter of 2025, supported by strong corporate investment and resilient consumer spending, according to a recent Reuters poll of economists. The...

Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election

Asian stock markets mostly declined on Friday, tracking sustained losses in global technology shares and a weak lead from Wall Street, while Japanese equities managed to stabilize ahead of a closely watched national...

Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns

Shares of major Japanese pharmaceutical companies fell sharply in early Tokyo trading on Friday after the launch of TrumpRx.gov, a new U.S. government-backed website offering discounted prescription medicines to American...

Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility

Global financial markets extended their losses for a third straight session on Friday as a deepening Wall Street selloff rattled investor confidence across equities, cryptocurrencies, and precious metals. Rising concerns...

Politics

Norway Opens Corruption Probe Into Former PM and Nobel Committee Chair Thorbjoern Jagland Over Epstein Links

Norways economic crime police unit, Økokrim, has opened an investigation into former prime minister and former Norwegian Nobel Committee chairman Thorbjoern Jagland on suspicion of aggravated corruption, authorities...

Iran–U.S. Nuclear Talks in Oman Face Major Hurdles Amid Rising Regional Tensions

Iran and the United States are preparing for high-stakes nuclear negotiations in Oman on Friday, but deep disagreements over the agenda and escalating regional tensions suggest that meaningful progress will be difficult....

Trump Allegedly Sought Airport, Penn Station Renaming in Exchange for Hudson River Tunnel Funding

U.S. President Donald Trump reportedly offered to release frozen federal funding for the $16 billion Gateway Hudson River tunnel project in exchange for Democratic Senator Chuck Schumers support for renaming Washington...

TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans

U.S. President Donald Trump has launched a new website called TrumpRx, aimed at helping Americans lower their prescription drug costs by offering discounted prices for those who prefer to pay cash instead of using health...

Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies

A federal judge in Missouri on Thursday dismissed a lawsuit filed by the Republican-led state that accused Starbucks of using its diversity, equity, and inclusion (DEI) commitments as a pretext for unlawful discrimination...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....

Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports

The U.S. government is prepared to allow Chinas ByteDance to purchase Nvidias advanced H200 AI chips, but negotiations remain stalled as Nvidia has not agreed to the proposed conditions governing their use. According to...

Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised

Sony Corp (TYO:6758) reported stronger-than-expected third-quarter earnings, driven by solid performance in its gaming, music, and image sensor businesses. The Japanese conglomerate also raised its full-year forecast,...