Category: Companies

Canada Is Investigating Why the Titanic-Bound Submersible Imploded

The Transportation Safety Board of Canada said Saturday that it’s conducting an investigation into the loss of the Titan submersible and has been speaking with those who traveled on Titan’s mothership, the Polar Prince. The development comes as authorities from the U.S. and Canada began the process of probing the cause of the underwater implosion…


PwC Australia Offloads Government Consultancy for $1

A new CEO has been parachuted in to run the embattled consultancy firm PwC Australia, which is offloading its money-making government consultancy business for $1 (US$0.67). Acting CEO Kristin Stubbins has been turfed after seven weeks and will be replaced by the parent’s Singapore-based global clients and industries leader Kevin Burrowes. PwC also announced it has…


7.5 Million Baby Shark Bath Toys Are Recalled Due to Impalement Risk

About 7.5 million Baby Shark bath toys are being recalled because the miniature shark’s plastic fin poses a serious injury risk to children. Zuru, a California-based toymaker, is recalling 6.5 million Robo Alive Junior Baby Shark Sing & Swim bath toys and one million Junior Mini Robo Alive Junior Mini Baby Shark Swimming bath toys….


Cathay Pacific Flight Incident Injures 11 in Hong Kong

HONG KONG—Eleven people were injured on Cathay Pacific’s flight CX880 at Hong Kong’s international airport early on Saturday after the carrier aborted takeoff due to a technical issue, Cathay said in a statement. The flight from Hong Kong to Los Angeles was carrying 17 crew and 293 passengers. It performed “an aborted takeoff in accordance…


TikTok Admits Storing Some US User Data in China: Senators

TikTok has admitted to storing some U.S. user data on China-based servers, which differs from its CEO’s previous testimony to Congress that “American data stored on American soil.” The Chinese video-sharing platform confirmed this in a letter dated June 16 made in response to questions raised by Sens. Richard Blumenthal (D-Conn) and Marsha Blackburn (R-Tenn)…


Bankman-Fried Loses Bid for Documents From Former FTX Law Firm

NEW YORK—A U.S. judge on Friday denied Sam Bankman-Fried’s push to get a law firm that advised his now-bankrupt FTX cryptocurrency exchange to hand over documents he says can help him beat fraud charges. The onetime billionaire, who has pleaded not guilty to charges of stealing from FTX customers and lying to investors and lenders,…


IN-DEPTH: ‘Beyond Belief’: Industrial Wind Developments Could Threaten Fragile Desert Ecosystem

A landmark interregional transmission line project has broken ground this week to carry high-voltage electricity 732 miles from the largest wind farm in North America to Nevada. The TransWest Express Transmission Project (TWE) will take electricity generated by the $5 billion, 3,000 megawatt, 600-turbine Chokecherry and Sierra Madre Wind Energy Project (CSMWE) located in Carbon…


Supreme Court Sides With Crypto Giant Coinbase in Arbitration Dispute

The Supreme Court agreed with cryptocurrency exchange Coinbase on June 23, ruling 5–4 that customer disputes shouldn’t move forward in the lower courts while appellate courts have yet to rule on the company’s request to divert those cases to arbitration panels. The decision is expected to reinforce the ability of companies to direct customer disputes…


Starbucks Shares Tumble Amid LGBT Decor Controversy

Shares of Starbucks tumbled on Friday as a union representing the coffee chain’s baristas said on Friday that over 3,500 workers at over 150 locations would walk off the job next week to protest claims that the company banned some LGBT-themed decorations at some of its cafes. The Starbucks Workers United union said in a…


CDC Panel Divided on Recommending RSV Vaccine for All Older Adults 

The U.S. Centers for Disease Control and Prevention’s (CDC) panel of experts voted on Wednesday against recommending the RSV vaccine for all older adults. Instead, the Advisory Committee on Immunization Practices (ACIP) concluded that anyone aged 60 and older “may” consider receiving a single dose of either Pfizer’s or GSK’s new RSV vaccine and that the…