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19848 articles published since 08 Mar 2022

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Theranos founder Holmes stays out of prison with appeal
Theranos founder Holmes stays out of prison with appeal
Business and Economy

Fallen US biotech star Elizabeth Holmes will stay out of prison for now after her lawyers lodged a last-minute appeal to avoid starting her 11 year sentence. Her lawyers on Tuesday informed a US judge that they were appealing that decision, meaning she could remain out of prison for the time it took to decide that request.

Disney sues Florida governor DeSantis over 'retaliation'
Disney sues Florida governor DeSantis over 'retaliation'
Business and Economy

Disney on Wednesday filed suit in federal court against Florida Governor Ron DeSantis, alleging his administration's takeover of its theme park district in the state is part of "a targeted campaign of government retaliation." The lawsuit, filed in a federal court in Florida, names DeSantis and other members of the conservative governor's administration.

Microsoft-Activision deal: Key things to know
Microsoft-Activision deal: Key things to know
Business and Economy

Microsoft on Wednesday faced its biggest challenge yet in its effort to buy US video game powerhouse Activision Blizzard, with the decision by the UK to block the deal. But in January 2022, the American behemoth pitched the biggest acquisition in the history of the sector with its offer to buy Activision Blizzard for $69 billion.

Boeing reports another loss in Q1, but confirms forecast
Boeing reports another loss in Q1, but confirms forecast
Business and Economy

Boeing reported a bigger-than-expected quarterly loss Wednesday due to persistent quality control problems with its jets, but shares rallied as it maintained key medium- and long-term targets. Boeing's commercial plane program has been beset with various manufacturing and quality control issues that have limited deliveries for its top-selling jets, the 737 and 787.

Germany lifts growth forecast as outlook brightens
Germany lifts growth forecast as outlook brightens
Business and Economy

The German government Wednesday lifted its growth forecast for this year as rebounding industrial production and slowing inflation helped Europe's top economy weather an energy crisis. Habeck praised the "enormous savings efforts by German consumers and German industry" that helped the country to get through the winter without energy shortages.

Kremlin warns it could widen foreign company asset seizures
Kremlin warns it could widen foreign company asset seizures
Business and Economy

The Kremlin warned on Wednesday that Russia could widen the list of foreign companies subject to temporary asset seizures in case of the "expropriation" of Russian assets abroad. "If necessary, the list of companies could be expanded," Kremlin spokesman Dmitry Peskov told reporters, a day after President Vladimir Putin signed a decree allowing asset seizures.

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