Anglo-Swedish pharmaceutical giant AstraZeneca said that it expects the revenue from its COVID-19 vaccines to decline by up to a quarter this year as demand wanes for the product. Announcing its results for the first quarter of 2022, the firm said the sales of Vaxzevria—more commonly known as the Oxford/AstraZeneca vaccine—is expected to decline later…
AstraZeneca Predicts Revenue Hit as Demand for COVID-19 Vaccines Falls
Russian Users Sue Apple After Payment Service Pulled: Lawyers
A Russian law firm on Friday said it had filed a lawsuit against U.S. tech giant Apple seeking 90 million rubles ($1.28 million) in damages for consumers affected by Apple withdrawing its payment service from Russia. Apple did not immediately respond to a request for comment. Law firm Chernyshov, Lukoyanov & Partners said Apple had…
French April Inflation Higher Than Expected at Record 5.4 Percent
PARIS—French inflation jumped to a record high in April, driven by surging energy prices, preliminary data showed on Friday, putting pressure on newly re-elected president Emmanuel Macron to enact anti-inflation measures promised during his campaign. The INSEE statistics agency said consumer prices rose 0.5 percent in April, for an annual rate of 5.4 percent, the…
Roger Stone Says He Was Banned Again From Twitter After Creating New Account
April 29, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesFeatured TopicsMedia & Big TechRoger StoneSocial MediaTechTwitterUSUS News
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Roger Stone says he was banned again from Twitter after reappearing on the social media website following an announcement that Elon Musk would purchase the company. “Well [expletive] I’m back on Twitter,” Stone wrote on Telegram on Thursday morning. “I’m anxious to see how strong Elon Musk’s commitment to free speech is.” A Daily Beast article…
Transport Experts Say Rail Backlogs, Labor Shortages Delaying Shipments of US Grain
Rail backlogs in the United States are delaying the shipment of grains, and further exacerbating inflation, industry experts said at a hearing this week addressing urgent freight rail service issues. “In recent weeks the board has received communications from a broad range of stakeholders of serious problems affecting the freight rail network, namely inconsistent and unreliable…
Ford Recalls Explorer SUVs That Can Roll Away While in Park
DETROIT—Ford Motor Co. is recalling more than a quarter-million Explorer SUVs in the U.S. because they can roll away unexpectedly while shifted into park. The recall covers certain 2020 through 2022 Explorers with 2.3-liter engines, as well as 3-liter and 3.3-liter hybrids and the 3-liter ST. Also included are 2020 and 2021 Explorer Police hybrids…
Dollar Slips, Still Set for Best Month Since 2015
LONDON—The dollar edged down from its recent 20-year high on Friday but was still on track for its best month since 2015, having been boosted by a combination of expectations for U.S. rate hikes and growth concerns in China and Europe. In the final trading day of a seismic month for currency markets, major currency…
Oil Extends Gains as Supply Fears Outweigh China Lockdowns
LONDON—Oil prices rose for a fourth day on Friday as fears over Russian supply disruption trumped COVID-19 lockdowns in China, the world’s biggest crude importer. Brent crude futures rose by $1.90, or 1.8 percent, to $109.49 a barrel by 1127 GMT after gaining 2.1 percent in the previous session. The front-month June contract expires later…
Australian Wholesale Electricity Prices More Than Doubled Over the Year
Australian households and businesses are faced with another cost of living pressure, with wholesale electricity prices revealed to have more than doubled over the last year. The Australian Energy Market Operator revealed in its latest quarterly energy dynamics report that electricity spot prices had soared 141 percent over the year to the 2022 March quarter…
Australian Consumer Watchdog Concerned Over Product Ranking Algorithms
April 29, 2022
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AmazonAustraliaAustralian Competition and Consumer CommissionBusiness & EconomyCompanieseconomic policieseconomyMarketsMedia & Big TechWorld
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Australia’s consumer watchdog has started to scrutinise product rankings on online marketplaces such as Amazon, eBay and Kogan for potential unfair competition practices. After imposing tens of millions of dollars in penalties on hotel booking site Trivago and ride-sharing and food delivery mobile app Uber for misleading customers, the Australian Competition and Consumer Commission (ACCC)…
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