America’s 100 largest landowners revealed
NEW YORK (Agencies): The Emmerson family, which owns lumber producer Sierra Pacific Industries, has been listed as America’s largest landowner this year, according to an annual ranking compiled by the…
Sputnik-V Covid vaccine pioneer Boris Naroditsky dies
MOSCOW (Agencies): One of the lead developers of the Russian Sputnik-V coronavirus vaccine, Boris Naroditsky, has died at the age of 82, the chief researcher of the Gamaleya Epidemiology and…
Citigroup announces mass layoffs
NEW YORK (Agencies): The US banking giant Citigroup has announced plans to cut up to 20,000 jobs after reporting a steep quarterly loss of $1.8 billion for the last three…
Intel challenges Nvidia, Qualcomm with ‘AI PC’ chips for cars
DETROIT (Reuters) Intel (INTC.O) said on Tuesday it will launch automotive versions of its newest AI-enabled chips, taking on Qualcomm (QCOM.O) and Nvidia (NVDA.O) in the market for semiconductors that…
Companies Navigate Rising Ship Rates Amid Lingering Red Sea Tensions, Turning to China-Europe Freight Train as Alternative
Beijing (Agencies): In the face of the prolonged Red Sea crisis entering its third month, shipping lines remain cautious about resuming services, leading to soaring freight rates and a shortage…
Goldman Sachs Warns of Possible Oil Prices Doubling Amid Red Sea Disruptions
NEW YORK (Agencies): In a recent interview with CNBC, Daan Struyven, Goldman Sachs’ head of oil research, cautioned that global crude oil prices could potentially double if disruptions caused by…
India’s Tamil Nadu in $4.4 billion deals with Apple suppliers, other investors
CHENNAI (Reuters) India’s southern state of Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple (AAPL.O) suppliers Tata Electronics and Pegatron (4938.TW), as…
China Imposes Sanctions on Five US Defense Firms in Retaliation to US Actions
BEIJING (Agencies): In response to US sanctions and arms sales to Taiwan, China has imposed sanctions on five American defense-related companies. The sanctions, announced on Sunday, will freeze any assets…
Boeing 737 Max-9 Grounded Globally After Mid-Air Incident
Oregon (Agencies): Alaska Airlines has announced the temporary grounding of its fleet of Boeing 737 Max-9 aircraft following a mid-air incident. A section of the fuselage and a window of…
McDonald’s hurt by Israel-related boycott – CEO
NEW YORK (Agencies): McDonald’s CEO Chris Kempczinski has acknowledged that the company’s franchises in the Middle East have experienced a “meaningful business impact” due to boycotts associated with the Gaza…