Elon Musk halts Twitter buyout, threatens to abandon the deal
Jun 07, 2022 09:02 am UTC| Business Economy
Elon Musk has been pushing for the takeover of Twitter, but now it was reported that the deal is on hold. The 51-year-old billionaire was said to have suspended the deal and reportedly made a threat to cancel the purchase...
Samsung Electronics replaces key executives of chip unit in surprising reshuffle move
Jun 07, 2022 07:53 am UTC| Business Economy
Samsung Electronics recently carried out a surprising reshuffle of its executives in the companys chip development unit. It has replaced some of the key execs due to the low yield that was said to be below the...
MBK Partners enters bid for Toshiba take over
Jun 07, 2022 07:11 am UTC| Business Economy
MBK Partners, a private equity fund company headquartered in Seoul, South Korea, has entered the bid to acquire Toshiba Corp., a conglomerate based in Minato, Tokyo. According to Pulse News, foreign media outlets...
Abbott Nutrition resumes production of baby formula to address nationwide shortage
Jun 06, 2022 10:44 am UTC| Business Economy
Abbott Nutrition said last weekend that it had reopened its Sturgis, Michigan plant to resume the production of baby formula. The company hopes that the nationwide shortage of milk will be addressed once it begins the...
Mercedes Benz recalls 1 million car units worldwide
Jun 06, 2022 10:19 am UTC| Business Economy
Mercedes Benz has recalled nearly one million car units citing a possible issue with the brake. The German luxury automaker said that the affected units are the older models. The KBA Federal Motor Transport Authority in...
US considers removal of some China tariffs to combat inflation
Jun 06, 2022 09:53 am UTC| Business Economy
The U.S. may be scrapping some tariffs on China, and this was revealed by Gina Raimondo, the countrys commerce secretary, on Sunday, Jun 5. She shared that President Joe Biden has asked the ministry to look at some options...
Burger King is unable to exit from Russia, and here’s why
Jun 06, 2022 09:07 am UTC| Business Economy
Burger King is one of the American fast-food chains that have franchise outlets in Russia, and it has been in that country for at least a decade now. However, when Vladimir Putin ordered an invasion attack on Ukraine, most...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects