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$100m Settlement In Discrimination Case Agreed To By Riot Games

Riot Games, well known for League of Legends, has agreed to pay $100 million for the settlement of a gender discrimination class-action lawsuit filed against it in 2018.   California's Department of Fair Employment & Housing (DFEH) wrote that the settlement will "remedy...

US To Become The Largest LNG Exporter Of The World In 2022

In 2022, the United States is expected to overtake Qatar and Australia as the world's largest LNG exporter, and it may keep that position for years to come.   In a year when China and other huge countries in Europe and Asia were scrambling to find enough supply for heating and power...

New JV Between China's BYD And Startup Momenta For Autonomous Driving Technology

Deployment of autonomous driving capabilities across certain BYD car model lines is to be implemented through a joint venture between China's BYD and autonomous driving startup Momenta. The value of the new partnership is 100 million yuan or $15.7 million, according to a Momenta statement and...

Huawei Competes With Tesla In China’s Electric Car Market

Just under a week following Chinese electric car startup, Nio unveiled its next Tesla rival, Huawei unveiled details on a vehicle that it claims outperforms the Model Y in terms of specs.   Huawei, the Chinese tech company best known for its telecoms and smartphone devices, has stated...

Oxford Lab Study Claims AstraZeneca Vaccine Booster Effective Against Omicron

According to data from an Oxford University lab research published recently claimed effectiveness of a three-dose course of AstraZeneca's Covid-19 vaccine against the highly infectious Omicron variant of the coronavirus.   The study's findings, which have yet to be published in a...

US FDA Approves Its At-Home Covid-19 Rapid Test Kit, Says Roche

People in the United States as young as 14 years will now be able to use the Covid-19 at-home rapid test kit that has been made by Roche as the US Food and Drug Administration (FDA) has granted Emergency Use Authorization (EUA) to this test, the company said on Friday.   Using an anterior...

China’s State-Run News Agency Xinhua Issues Photos As NFTs

While authorities in China have outlawed mining and almost made it illegal to trade in cryptocurrency, there is good news for users of blockchain in China.   The state news agency Xinhua in China has begun issuing NFTs to all citizens of digital media photo collections that it owns. The NFTs...

Amazon Files Lawsuit Against Indian Financial Crime Agency Investigating A 2019 Deal

Amazon.com Inc is suing India's financial crime fighting agency to stop an inquiry into one of its 2019 transactions, according to reports based on information from a court filing,   For months, India's Enforcement Directorate (ED) has been investigating Amazon's $200 million investment in...

US Regulator Launches Probe Into Game Feature In 580,000 Tesla Cars

A formal inquiry into 580,000 Tesla vehicles sold since 2017 has been launched by was the auto safety regulators in the United States, the agency announced on Wednesday. The investigation has been started to inquire into the decision of the electric car maker to allow playing games on the front...

Baidu Will Be Able To Fully Delivery Metaverse Not Before Six Years

While metaverse fever has swept the globe this year, one of China's tech behemoths has unveiled a variation of the virtual ecosystem that has so far failed to impress.   The metaverse is a virtual world in which humans communicate using three-dimensional characters. It is roughly defined as...

AstraZeneca, Oxford To Start Working On Covid-19 Vaccine Targeting Omicron Variant

Oxford University and AstraZeneca have begun development of a coronavirus vaccine that targets the Omicron strain.   The reports come after 129 people were hospitalised and 14 people died as a result of the strain in the 24 hours leading up to 6 p.m. on Monday.   Officials revealed on...

Nikola Corp To Settle Charges Of Defrauding Investors With SEC For $125 Mln

Nikola Corp has conceded to make a payment of $125 million for settlement of  civil claims which charged that the firm had misled investors with information linked to its products, technological breakthroughs, and commercial prospects, according to...
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