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Fisker

Fisker Files for Bankruptcy as Negotiations With Major Carmaker Come to Close

Fisker filed for bankruptcy after purchase talks with a multinational automaker failed. A logo sits illuminated outside the Fisker booth at the SK telecom booth on day 1 of the GSMA Mobile World Congress on February 28, 2022 in Barcelona, Spain.


Trafigura Pays $55 Million to Settle US Fraud, Manipulation Charges

Trafigura settled CFTC claims that it manipulated a fuel oil benchmark and prevented workers from cooperating with authorities.

US Halts Inspections of Some Mexican Avocados, Mangoes Following USDA Staff Security Incident

The US halted avocado and mango inspections in Michoacan following an incident that reportedly threatened USDA inspectors.

Panera Bread Slices Dozens of Jobs in Arizona Dough-Making Facility as Part of Rebranding Plans

Panera Bread recently announced that it was closing down its dough-making facility in Chandler, Arizona on Aug. 15, 2024, which also meant laying off all its 64 employees.


Latest News

China-Based DeepSeek’s Open-Source Generative AI Tool Coder Poses Competition vs. OpenAI’s ChatGPT, Other AI Platforms
Chinese artificial intelligence (AI) startup DeepSeek announced the release of its open-source generative AI code language model, Coder V2.
Wanderlust Unleashed: NOMAD Travel Groups Makes Work and Travel Dreams Come True
Identifying an unmet need in the travel industry, Founder Marie DeCosse created NOMAD to serve a new generation of travelers looking for extended stays without the usual logistical challenges and excessive costs. DeCosse explains, "Many professionals seek to blend their careers with their passion for exploration, and we are making that happen."
Disgruntled Disneyland Visitors File $9.5 Million Lawsuit over Overpriced Dream Key Passes
A lawsuit against Disneyland was recently filed after the attraction sold Dream Key annual passes for $1,400 each between August and October 2021.
GERMANY-HEALTH-BIONTECH-CANCER
The FDA has paused BioNTech's breast and lung cancer trial involving licensed treatment from Chinese biotech MediLink Therapeutics Ltd., citing safety concerns.
Washington Post Shakes Up Leadership
Will Lewis is urged to step down as CEO of The Washington Post following resurfaced allegations of unethical journalism practices at the London-based Sunday Times.
Tesla To Quadruple Production At Gruenheide Plant
Tesla has filed a lawsuit accusing former supplier Matthews International of stealing and using its electric vehicle battery manufacturing secrets, seeking over $1 billion in damages.
Iceland Undergoes Change From Impact Of Global Warming
Iceland will revise its tourism tax system and introduce dynamic pricing at popular sites like Geysir to manage overtourism.
FRANCE-ECONOMY-FOOD
China has initiated an investigation into EU pork prices following complaints of unfair competition as a possible retaliation as it coincided with the EU's tariffs on Chinese electric vehicles.
August Foreclosures Rise To Highest Since Level Beginning Of Housing Crisis
Florida's new law bans Chinese citizens from purchasing properties without US green cards, with Gov. DeSantis citing "espionage" prevention.
IRS Plans To Overhaul Tax Collection With $80B Funding Boost
The IRS will close a major tax loophole used by wealthy taxpayers to avoid paying taxes, potentially raising over $50 billion in revenue over the next decade.