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19848 articles published since 08 Mar 2022

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Meatball from extinct mammoth unveiled by food tech firm
Meatball from extinct mammoth unveiled by food tech firm
Business and Economy

Food scientists unveiled a giant meatball made from lab-grown flesh of an extinct woolly mammoth on Tuesday, saying the protein from the past showed the way for future foods. "We chose to make a mammoth meatball to draw attention to the fact that the future of food can be better and more sustainable." jhe/dk/ea

US charges Sam Bankman-Fried for bribing Chinese officials
US charges Sam Bankman-Fried for bribing Chinese officials
Business and Economy

US officials alleged that former FTX chief Sam Bankman-Fried authorized bribes of at least $40 million to Chinese officials, according to an updated indictment filed Tuesday. After months of setbacks, Bankman-Fried "ultimately agreed to and directed a multi-million-dollar bribe to seek to unfreeze the accounts," according to the indictment, adding that the accounts were unfrozen. jmb/bfm

Pirates boarded Danish ship in Gulf of Guinea
Pirates boarded Danish ship in Gulf of Guinea
Business and Economy

A Danish-owned Liberian-flagged oil tanker was boarded by pirates over the weekend in the Gulf of Guinea, the owner said Tuesday, adding that contact with the 16 crew members had been lost. The shipowner added that the crew had sought refuge in the tanker's citadel when the pirates boarded, "in accordance with the onboard anti-piracy emergency protocol".

French authorities raid banks in massive tax fraud case
French authorities raid banks in massive tax fraud case
Business and Economy

French authorities raided five banks on Tuesday as part of an investigation into suspected cases of massive tax fraud and money laundering, prosecutors said. The raids follow five preliminary investigations that were opened in December 2021 in connection with suspected money laundering and aggravated suspected tax fraud related to dividend payments, the statement said.

EU fossil fuel car ban gets final green light
EU fossil fuel car ban gets final green light
Business and Economy

The 27 EU member states gave final approval Tuesday to a ban on sales of new fossil fuel cars by 2035, after Germany dropped a last-minute blocking effort. But manufacturers in Germany, one of the world's largest vehicle-producing nations, said the fuels could allow combustion engines to be used beyond 2035.

Alibaba to split into 6 groups, separate IPOs expected
Alibaba to split into 6 groups, separate IPOs expected
Business and Economy

Alibaba announced Tuesday that it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date. The Hangzhou-based firm is one of China's most prominent tech giants, with business operations spanning cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence.

Asian shares up as bank crisis fears ease
Asian shares up as bank crisis fears ease
Business and Economy

Most Asian markets traded higher on Tuesday after global shares rebounded, with fears of a banking crisis easing thanks to the sale of fallen lender Silicon Valley Bank. Ray Attrill, head of FX strategy at National Australia Bank, said Tuesday that the acquisition by First Citizens had "helped set a positive tone" in global markets.

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