Industry

Elon Musk's SpaceX Injury Rates Soar Highest in the Inductry for Second Year

Injury rates at SpaceX facilities remained higher above the industry average in 2023, according to an assessment of safety data submitted to US authorities by billionaire Elon Musk's space business.


US Solar Firms Urge Biden Admin to Apply Tariffs on Southeast Asian Imports

A group of US solar producers petitioned the federal government to put taxes on imports from four Southeast Asian countries, claiming they threaten the American market...

Elon Musk's Tesla Expects to Incur Expenditures of Over $350 Million as Result of Mass Layoffs

Elon Musk's Tesla is poised to incur more than $350 million in expenses in the second quarter due to the mass layoffs that started last week...

Hugo Boss Is Finally Leaving Russia After the German Fashion House Agrees to Sell Russian Business to Stockmann

German fashion house Hugo Boss announced Wednesday that it had agreed to sell its Russian operations to wholesale partner Stockmann, marking the end of its presence in Russia...


Latest News

China's Property Giant Evergrande and Its Founder Hui Ka Yan Accused of $78 Billion Fraud
China's real estate giant Evergrande and its founder, Hui Ka Yan, are accused of inflating revenues by $78 billion over two years before the company defaulted on its debt.
Nvidia Teams Up With Johnson & Johnson to Develop New AI Tools for Surgery
Nvidia has partnered with Johnson & Johnson to develop new AI applications to help doctors perform surgery.
Decoding CHIPS Act: How Arizona Stands to Benefit from Legislation
An Arizona State University-led consortium with over 70 partners received $40 million from the US Department of Defense under the CHIPS Act.
EPA Enacts Historic Total Ban on Asbestos in the US, Ending Decades of Delay
EPA's landmark ban on asbestos in the US prioritizes public health and targets chrysotile asbestos in products, with support from lawmakers and advocates, advancing cancer prevention efforts nationwid
Joann Fabrics Files for Chapter 11 Bankruptcy, Pledges to Keep Stores Open Amid Financial Turmoil
Joann Fabrics, a stalwart in the industry for 80 years, faces bankruptcy due to overwhelming debt. However, with new financing, it aims for a swift restructuring to maintain operations.
United Airlines CEO Assures Safety Measures Amid Distrust in Aviation Due To Boeing Incidents
United Airlines CEO Scott Kirby assures that they prioritize safety amid recent flight problems concerning Boeing planes, pledging improvements in training and procedures to return trust in the aviati
Federal Reserve and European Central Bank Aim for Major Interest Rate Cuts in 2024, Says BIS Chief
Federal Reserve and European Central Bank are set for major interest rate cuts, with BIS Chief Carstens noting progress in addressing inflation while cautioning central bankers to remain vigilant.
Australian Taxi Drivers Secure $272 Million from Uber in Historic World-First Settlement of Class Action Case
Uber settles a landmark $272 million class action lawsuit with Australian taxi operators after a five-year legal battle.
Swiss Banking Giant UBS Intends to Broaden Business Footprint in the US
Swiss banking giant UBS intends to seek merger and acquisition opportunities in the United States in the years ahead.
Taiwan Chip Giant TSMC Is Eyeing to Build Advanced Chip Packaging Capacity in Japan: Report
Chip giant Taiwan Semiconductor Manufacturing Co. (TSMC) is reportedly considering building advanced packaging capacity in Japan.
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