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3M Will Stop Producing "Forever Chemicals" At A Cost Of Up To $2.3 Billion

The "forever chemicals" PFAS, which are used in everything from cell phones to semiconductors and have been linked to cancers, heart issues, and low birth weights, have a 2025 deadline for ceasing production, according to US industrial conglomerate 3M Co.   Due to their slow rate of...

Amazon And The EU Negotiate A Deal Regarding Data Use, Avoiding A Fine

After addressing concerns regarding its use of sellers' data, US online retail giant Amazon reached a settlement with the European Union on Tuesday in two antitrust probes. This action will spare it from a fine of up to 10% of its global turnover.   In the first instance, Amazon was accused...

Without German Government Rescue, Uniper Issues Warning Of A Complete Wipeout

Germany's Uniper warned that it would have to consider bankruptcy if shareholders didn't approve a bailout and nationalization that will cost the government more than 50 billion euros ($53 billion).   CEO Klaus-Dieter Maubach warned shareholders at a fictitious extraordinary shareholder...

Formal Strike To Be Held By Amazon Employees In The UK For The First Time Ever

Hundreds of employees of the e-commerce giant Amazon are slated to go on a strike, according to the GMB union in the United Kingdom, which will be the first such strike for the company's employees in the country.   Employees at Amazon's Coventry warehouse in central...

Musk Restores Twitter Accounts Of Journalists That Were Suspended By The Social Media Platform Recently

Elon Musk has reactivated several journalists' Twitter accounts, which had been suspended for a day due to a controversy over the publication of public data about the billionaire's plane.   The reinstatements came after the unprecedented suspensions drew harsh criticism on Friday from...

Collapsed Crypto Exchange FTX’s CEO Says Firm Had Was Engaged In ‘Old Fashioned Embezzlement’

The US House Financial Services Committee held an hearing on the collapse of cryptocurrency exchange FTX on Tuesday, following the arrest of founder Sam Bankman-Fried in the Bahamas on Monday night, as US regulators announced a slew of civil and criminal charges against the one-time billionaire....

Sam Bankman-Fried, FTX Founder, Arrested In The Bahamas After The US Filed Criminal Charges Against Him

Sam Bankman-Fried, the founder of FTX, was arrested by Bahamian authorities Monday evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, paving the way for extradition and a U.S. trial for the onetime crypto...

Air India Is On The Verge Of Placing A Historic Order For Up To 500 Jets

According to industry sources, Air India is close to placing landmark orders for up to 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate.   The orders include up to 400 narrow-body planes...

Microsoft Purchases A Nearly 4% Stake In The London Stock Exchange As Part Of A 10-Year Cloud Agreement

Microsoft announced a 10-year partnership with the London Stock Exchange Group on Monday, taking a nearly 4% stake in the bourse operator.   According to the LSEG, the partnership includes next-generation data and analytics, as well as cloud computing products. It includes a new data...

TSMC Outperforms The Chip Industry Slump With A 50% Revenue Increase, Aided By Apple Iphone Orders

The largest contract chipmaker of the world, Taiwan based TSMC, reported a revenue increase in November, thanks in part to orders for high-end smartphones such as Apple's iPhone.   The Taiwanese company, which manufactures chips for other companies, reported November revenue of 222.71...

Founder Of iPhone Contract Maker Foxconn Convinced Chinese Authorities To Soften Covid Restrictions: Reports

According to The Wall Street Journal, the owner of China-based Apple vendor Foxconn succeeded in persuading the country's leaders to ease the Covid constraints that sparked protests in China.   According to the Journal, Foxconn founder Terry Gou stated in a letter to Chinese leaders over a...
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