Toyota Has Halted All Plant Activities In Japan Following A Suspected Cyber Assault

Japan’s Toyota Motor Corp  said that it will cease Japan plant operations, resulting in a loss of around 13,000 vehicles of output, after a supplier of plastic parts and electrical components was targeted by a suspected cyber assault. There was no early word on who was behind the suspected attack or the purpose. The bombing came…

Advertisement

Despite Market Turbulence, GSK Reiterates Its Intention To Float Its Consumer Division In July

GSK confirmed its plans to offer its consumer healthcare company on the public market in July on Monday, despite market worries and after rejecting overtures from Unilever. GSK said in a statement that the new company, Haleon, which is the world’s largest consumer health business, will pay an initial dividend at the lower end of…

Germany Will Accelerate Measures To Reduce Dependence On Russian Gas

Germany will follow through on plans to develop two LNG terminals and increase natural gas reserves to reduce its reliance on Russian gas following Russia’s invasion of Ukraine, according to Chancellor Olaf Scholz. “We will do more to ensure secure energy supply for our country,” he told lawmakers in a special Bundestag session called to…

Chelsea ‘Stewardship’ Handed Over By Owner Roman Abramovich To Club’s Charity Trust After Russia Invasion Of Ukraine

Following Russia’s invasion of Ukraine, Roman Abramovich has given Chelsea’s charity foundation “stewardship and care.” However, Abramovich will remain Chelsea’s owner, and the Russian billionaire, who has invested over £1 billion in the Stamford Bridge club since 2003, will not require the club to return the loans he owes him, ensuring the club’s long-term viability.…

Social Media Access Restricted In Russia Since Ukraine Invasion

The Russian government has imposed restrictions on the use of twitter in some parts of the country, the micro-blogging company has confirmed. “We’re aware that Twitter is being restricted for some people in Russia and are working to keep our services safe and accessible”, the company said in a statement. Following a spat over “censorship,”…

Bitcoin Donations Worth Millions Being Made To The Ukraine War Efforts

According to cryptocurrency specialists, anonymous Bitcoin donations have raised at least $13.7 million for the Ukrainian war effort. According to Elliptic, a blockchain research firm, the Ukrainian government, NGOs, and volunteer organisations raised the funds by posting their Bitcoin wallet addresses on the internet. So far, over 4,000 gifts have been made, with one anonymous…

Indian Conglomerate Reliance Would Take On 200 Future Outlets In The Wake Of The Amazon Conflict

Reliance, India’s largest retailer, would take over at least 200 Future Retail locations after the firm failed to make lease payments to Reliance, two people with direct knowledge of the situation said on Saturday. Since 2020, Reliance has failed to finalize a $3.4 billion plan to buy Future’s retail assets, which partner Amazon.com Inc has…

What A SWIFT Ban By The West For Russian Financial Institutions Mean?

Further penalties on Russia have been imposed by the European Union, the United States, and other Western partners for its occupation of Ukraine, including the exclusion of a number of Russian banks from the SWIFT interbank payments system. SWIFT is the primary international payments network in the world. Here’s additional information on what it does…