A defamation case against the New York Times and one of its former journalists is moving to discovery after a judge rejected the paper’s bid to have the litigation dismissed. Though most of the complaint was thrown out, businesswoman Ariadna Jacob provided sufficient evidence to survive the motion to dismiss regarding a statement that claimed…
Defamation Case Against New York Times, Taylor Lorenz Moves to Discovery
Industry Expert Reveals What Bud Light Must Do to Get Its Customers Back
Bud Light will need to pivot its marketing strategy and stay true to its longtime messaging campaign if it wants to recapture some of its customer base, according to a brand strategist. In recent weeks, Bud Light has seen its sales plummet after it embarked on a promotional campaign with transgender TikTok influencer Dylan Mulvaney…
Moscow Court Rules US Journalist Evan Gershkovich Must Stay in Jail Until Late August
MOSCOW—A Moscow court on Thursday ruled that Wall Street Journal reporter Evan Gershkovich must remain in jail on espionage charges until at least late August, rejecting the American journalist’s appeal to be released. The 31-year-old U.S. citizen was arrested in late March while on a reporting trip. A Moscow court ruled last month to keep…
OceanGate Co-founder Has Major Update on ‘Time Window’ for Titanic Submarine Rescue
A co-founder of OceanGate Expeditions gave a somewhat optimistic view about rescuing the five-man crew of the missing Titan submarine after it went incommunicado earlier this week amid concerns that the vessel will run out of oxygen. In a statement posted on social media, OceanGate co-founder Guillermo Söhnlein, who left the firm in 2013, said that…
Wall Street Opens Lower as Powell Firm on Interest Rate Hikes
Wall Street’s main indexes opened lower on Thursday, a day after Federal Reserve Chair Jerome Powell stuck to his hawkish stance on interest rate path and ahead of his second day of testimony before a Senate committee. The Dow Jones Industrial Average fell 51.05 points, or 0.15 percent, at the open to 33,900.47. The S&P…
Shares Ease, Dollar Steady in Central-Bank Heavy Day
June 22, 2023
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LONDON/SINGAPORE—Global shares eased on Thursday after Federal Reserve Chair Jerome Powell indicated U.S. rates had further room to rise, while the dollar held steady against the pound ahead of the Bank of England’s decision on monetary policy later on. The MSCI All-World index was down 0.1 percent, heading for a fifth straight day of declines,…
House Digs Deeper Into Chinese-Owned Battery Company’s Rescinded Grant From Biden DOE
June 22, 2023
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House Republicans have voiced worries about the Biden administration’s energy-related spending, questioning a Department of Energy (DOE) official about how a Chinese-owned battery manufacturer was on pace to get hundreds of millions in taxpayer money before the Biden administration yanked the money away last month. That company, Microvast, somehow qualified for a $200 million grant…
Ford Set to Axe Hundreds of Aussie Jobs in Bid to ‘Improve Efficiency’
Vehicle manufacturing giant Ford has announced plans to cut 400 jobs from its Australian workforce as the company seeks to “improve efficiency.” This follows a global culling of approximately 3,000 jobs as the company moves towards electrification and comes as Ford announced in March plans to cut 250 jobs from its Geelong and Broadmeadows plants….
Australia’s Banks Caught up in Russian Cyber Attack
The recent Russian cyberattack on law firm EWL Ebsworth has claimed another set of victims—this time, Australia’s four major banks. This comes as over 40 Australian government agencies are feared to have been impacted by the database hacking of HWL Ebsworth by the Russian cybercriminal group AlphV. While the four banks—ANZ, the Commonwealth Bank of…
Musk’s Twitter Threatened With $700,000 Daily Fine Unless It Tackles ‘Hate Speech’
June 21, 2023
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Australia’s eSafety commissioner has issued Elon Musk’s Twitter with a legal notice to explain what it is doing to tackle hate speech on its platform. The commissioner says it has received “more complaints about online hate on Twitter in the past 12 months” than any other platform and alleges an “increasing number” of reports of…
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