India Has Indicated That It Will Keep Purchasing Russian Oil

According to the Indian foreign minister, the government will give maximum priority to the energy needs of the country and therefore continue with its policy of purchasing oil from Russia.  This statement comes at a time when Western governments are trying to implement a price cap on Russian seaborne oil to reduce Moscow’s capacity to…

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Goldman Sachs Looking To Invest Or Acquire Crypto Companies At A Bargain Following FTX Collapse

Following the collapse of the FTX exchange, which lowered valuations and dampened investor interest, Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies. The implosion of FTX has increased the demand for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to pick up business,…

Twitter To Depend On Automation For Moderating Harmful Content

Elon Musk’s Twitter is relying heavily on automation to moderate content, eliminating certain manual reviews and preferring distribution restrictions over outright censorship, according to the company’s new head of trust and safety, who spoke to Reuters. Twitter is also restricting abuse-prone hashtags and search results in areas such as child exploitation, regardless of the potential…

Assa Abloy Has Agreed To Sell Its Emtek And Yale Businesses To Fortune Brands For $800 Million

Assa Abloy AB has announced that it will sell its Yale and Emtek lock brands, as well as its residential businesses in the United States and Canada, to Fortune Brands Home & Security  in an all-cash $800 million transaction as it seeks to overcome antitrust opposition in the United States to its acquisition of a…

Despite Germany’s Exit, Adidas Maintains Its World Cup Sales Forecast

Adidas is down to three of its seven sponsored teams in the World Cup, but the German sportswear company is sticking to its sales forecast for the tournament, according to a spokesperson on Friday following Germany’s shock exit. According to the spokesperson, the company still expects World Cup sales of around 400 million euros ($421…

Elon Musk Anticipates Neuralink’s Brain Chip Will Begin Human Trials In 6 Months

After missing earlier deadlines, Elon Musk has announced that a wireless brain chip developed by his company Neuralink will begin human clinical trials in six months. The company is working on brain chip interfaces that it claims will allow disabled patients to move and communicate again, with Musk adding on Wednesday that it will also…

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…