Tennis star Novak Djokovic and his wife own an 80 percent share in a Danish biotech firm developing a treatment for COVID-19 that does not involve vaccination, the company’s boss said on Wednesday. The Serbian native 34, and his wife Jelena, 35, bought a majority stake in QuantBioRes back in June 2020, just months into the pandemic, the company’s chief…
Djokovic and Wife Own 80 Percent Stake in Biotech Company Developing Non-Vaccine COVID-19 Treatment: Report
January 20, 2022
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Australia Offers Visa Fee Refund to Entice Students, Backpackers Back Down Under
January 20, 2022
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The Australian federal government has announced a series of measures to lure over 170,000 student and working holiday visa holders back into the country to fill labour shortages. Offshore student and working holiday visa holders, as well as new applicants, will have their visa application fees refunded upon arrival. All student visa holders who arrive within the…
Cadence Design Systems Aims to Cash in on New Custom-Chip Era
Microchip design software maker Cadence Design Systems Inc is betting on growth from automakers and other chip users strapped by global supply shortages who face mounting competition from rivals such as Tesla Inc and Apple Inc that design their own chips. Cadence and rivals Synopsys Inc and Siemens EDA are at the center of a…
Southwest Airlines Sued for Ejecting Woman Who Removed Mask to Drink Water
January 19, 2022
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A 68-year-old woman has sued Southwest Airlines Co., claiming that the airline ejected her from a flight for removing her mask to drink water. The lawsuit concerns an incident which occurred in January 2021 on a Southwest flight due to depart from Reagan National Airport in Virginia to Palm Beach International Airport in Florida. Plaintiff…
Starbucks Ends COVID-19 Vaccine Mandate After Supreme Court Ruling
Starbucks Corp. has ended its COVID-19 vaccine mandate following a Supreme Court ruling finding the Biden administration’s attempt to force workers to get a vaccine or wear a mask and get tested weekly was an overstep of its authority. “We respect the court’s ruling and will comply,” Starbucks Chief Operating Officer John Culver wrote in…
Higher Interest Rates May Cause Japan’s Debt-Servicing to Top 30 Trillion Yen in FY2025: Draft
January 19, 2022
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TOKYO—Japan’s debt servicing costs would exceed 30 trillion yen ($261.55 billion) for the first time ever in fiscal 2025 if interest rates rise by 1 percent more than expected, a draft of the Ministry of Finance’s (MOF) estimates, due later this month, showed. The MOF, in its annual estimates over a five-year period, projected debt…
Higher Employee Wages Denting Profits of Major US Banks
January 19, 2022
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Major U.S. banks are seeing operating expenses rise as employee wages, along with bonuses and compensations, go up in a tight Omicron-tainted labor market where companies struggle to hire and retain workers. Investment bank Goldman Sachs was forced to increase compensation and benefits to hold on to their staff, leading to a 23 percent surge…
Toyota Cutting Down on Vehicle Production Due to Semiconductor Shortages
January 19, 2022
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Toyota will manufacture 150,000 fewer cars in February, the company announced Tuesday, with the latest cut in numbers resulting in the automaker falling short of the total 9 million vehicles initially predicted for the year. A worldwide shortage of semiconductor chips has led to a series of cuts in production volumes over past months that…
Chocolate-Maker Lindt Sees Slower Growth After Bottlenecks Bite
January 18, 2022
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ZURICH—Swiss chocolate maker Lindt & Spruengli expects sales of its upmarket chocolates to grow less in 2022 than last year, it said on Tuesday, and blamed supply chain bottlenecks for a slowdown in late 2021 in North America. The maker of the best-selling Lindor chocolate balls, which has maintained spending on advertising and new products…
Arizona, Texas Have Recovered All Jobs Lost During Pandemic
Arizona and Texas have recovered all jobs lost during the CCP (Chinese Communist Party) virus pandemic, thanks to an influx of coastal urbanites and businesses into the state in recent years. These two states have now joined the ranks of Idaho and Utah for a full jobs recovery. The latest statewide data from Texas, dating…
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