Twitter Reverses COVID’s Misinformation Policy

Twitter Inc has reversed a policy aimed at combating COVID-19 misinformation on the social media platform, increasing the risk of a surge in false claims even as cases rise in China and other parts of the world. The move also comes amid concerns about Twitter’s ability to combat misinformation after the company laid off roughly…

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Genesis, A Cryptocurrency Broking Firm In The US, Has Stated That It Is Working To Avoid Bankruptcy

Genesis, a cryptocurrency brokerage in the United States, said it was attempting to avoid bankruptcy after Bloomberg reported on Tuesday that the firm’s creditors were organizing with restructuring lawyers to avoid insolvency. According to the report, creditor groups are consulting with law firms Proskauer Rose and Kirkland & Ellis in order to avoid a situation…

Lack Of Trust, Miscommunication, And COVID Restrictions Responsible For Issues At Foxconn’s Chinese iPhone Factory

Within the last few weeks, tens of thousands of employees had left  the world’s largest iPhone factory in Zhengzhou, central China, and violent protests had flared up over a COVID-19 lockdown and uncertainty over hiring bonuses. According to reports, the Foxconn factory in Zhengzhou is Apple’s largest iPhone manufacturer, producing approximately 70% of iPhones globally. A Foxconn source told…

Hydrogen Powered Aircraft Engine Tested By Rolls-Royce And easyJet

Rolls-Royce has announced that it has run an aircraft engine on hydrogen, a world first for the aviation industry, which is considering using the fuel to decarbonize air travel. In a joint project with the airline easyJet, the FTSE 100 engineering firm said the ground test was a “major step towards proving that hydrogen could…

6 Million Less iPhone Pros To Be Produced Due To Turmoil At The China Plant

Disruptions at Apple Inc.’s key manufacturing hub of Zhengzhou are likely to result in a production shortfall of close to 6 million iPhone Pro units this year, according to a Bloomberg report quoting people familiar with assembly operations. The situation at the plant is still fluid, and the estimate of lost production could change, according to…

Musk Claims Twitter Will Launch A ‘Verified’ Service Next Week, Complete With A ‘Gold Check’ For Businesses

Elon Musk said in a tweet Friday that Twitter’s delayed “Verified” service would be available next week, with different colored checks depending on the type of account. The Twitter CEO stated that there would be a “gold check” for businesses, a grey check for government accounts, and the existing blue check for individuals, whether celebrities…

Chip Shortage Forces Jaguar Land Rover To Announce Output Reduction At Its UK Plants

Jaguar Land Rover (JLR) is reducing output at its Solihull and Halewood factories until the spring due to ongoing issues obtaining enough computer chips for new vehicles. The action is expected to have an impact on the output of models like the Jaguar F-Pace and the Land Rover Discovery Sport. According to the Guardian, the…

UAE’s Aggressive Firm IHC Is Planning Ipos In The Health And IT Sectors

According to Reuters, International Holding Company (IHC) plans to sell 20% of its technology unit in an initial public offering next year, with the UAE’s IHC aiming for a first quarter IPO of Pure Health to raise more than $1 billion. IHC has been on a consolidation and acquisition spree since rising from relative obscurity…

According To ECB Accounts, Inflation Concerns Rationalize Additional Rate Hikes

Policymakers at the European Central Bank feared that inflation was becoming entrenched at their most recent policy meeting, so rates would need to rise further, according to meeting accounts released on Thursday. The ECB raised interest rates by 75 basis points to 1.5% at the meeting to combat sky-high inflation, bringing its total hikes since…