Amazon blocked more than 10 billion listings last year suspected of being fraudulent and no single offer was able to get sold on the marketplace.
Amazon Blocks Over 10 Billion Listings in 2020 Suspected of Being Fraudulent: Report
Vaccine Maker BioNTech Says No Need to Waive Patents
May 10, 2021
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BERLIN—The head of German pharmaceutical company BioNTech said Monday that there is no need to waive patents on coronavirus vaccines because manufacturers will be able to produce enough shots to supply the world over the coming year. Ugur Sahin, the chief executive of BioNTech, rejected the U.S.-backed proposal to temporarily lift some intellectual property rights…
US Opens Safety Probe Into 1.1 Million Honda Accord Vehicles
WASHINGTON—The U.S. National Highway Traffic Safety Administration (NHTSA) said Monday it was opening a formal safety probe into more than 1.1 million Honda Accord vehicles over the sudden loss of steering control reports. The agency said the engineering analysis covers 2013 through 2015 models and said “under normal driving conditions, with no warning or input…
2nd Biggest Cryptocurrency Ethereum Breaks $4,000 to Hit Record High
LONDON/SINGAPORE—Cryptocurrency Ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although some analysts said it was overvalued at current levels. Ethereum, the second-largest coin by market capitalization, jumped more than 6 percent to just below $4,175,…
Weak Jobs Report Raises Doubts About Biden’s Economic Policies
WASHINGTON—U.S. jobs growth for April was far lower than what the market had predicted, adding to the worries that excessive stimulus payments could have undesirable side effects in the long term, making the road to recovery rocky. The April jobs report was the biggest miss on record. According to the Bureau of Labor Statistics, the…
Global Chip Shortage Underscores Need to Diversify US Chip Supply Chain
Commentary The ongoing global chip shortage has highlighted the United States’ dependence on a fragile global supply chain of semiconductor manufacturing concentrated in Asia. Amid this environment, China’s increasingly combative stance against Taiwan—along with its massive domestic investment into chipmaking—is a key risk to the security of America’s chip supply. The worsening global computer chip…
Global Chip Shortage Underscores Need to Diversify US Supply Chain
Commentary The continuing global semiconductor shortage has highlighted the United States’ dependence on a fragile global supply chain of chip manufacturing that’s concentrated in Asia. Amid this environment, China’s increasingly combative stance against Taiwan—along with its massive domestic investment into chipmaking—is a key risk to the security of America’s chip supply. The worsening global computer…
Ford Recalls Nearly 617,000 Explorer SUVs
WASHINGTON—Ford is recalling nearly 617,00 Explorer sport utility vehicles in the United States at the request of regulators because retention pins could loosen and allow roof rail covers to detach from the vehicle. The recall covers 2016 through 2019 model year vehicles. Dealers will install push-pins and replace any damaged rail clips and roof rail…
Cyber-Attack Shuts Down Biggest Gasoline Pipeline in US–Colonial Pipeline
NEW YORK—Top U.S. fuel pipeline operator Colonial Pipeline has shut its entire network, the source of nearly half of the U.S. East Coast’s fuel supply, after a cyber attack that the company said was caused by ransomware. The shutdown has raised fears of a price spike at the gas pumps ahead of peak demand summer…
Travel Bosses Urge UK To Add Top European Holiday Destinations to Green List
Travel industry leaders have complained the UK government’s plan to reopen international travel in the wake of the COVID-19 lockdown is “overly cautious,” and have called for the top European holiday destinations to be added to the quarantine-free “green list.” Transport Secretary Grant Shapps announced on Friday that Britain will allow international travel to resume…
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