SAN FRANCISCO—Twitter experienced a bevy of glitches for over an hour Monday as links stopped working, some users were unable to log in and images were not loading for others. The company said “Some parts of Twitter may not be working as expected right now. We made an internal change that had some unintended consequences.”…
Toblerone Drops Iconic Design Due to Rules on ‘Swissness’
GENEVA—The makers of Toblerone are stripping images of Switzerland’s famed Matterhorn and the Swiss flag from the packaging of the milk-chocolate treat as they move some production to Slovakia. Mondelez International of Deerfield, Illinois, which owns the Swiss-born brand, said Monday that it’s in the process of adapting the packaging of Toblerone products to conform…
Norfolk Southern’s Second Ohio Trail Derailment Under Investigation
March 6, 2023
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After another Norfolk Southern Corp. (NSC) train derailed in Springfield, Ohio, over the weekend, authorities have launched an investigation. This is the third train derailment on a line owned by NSC after the toxic Feb. 3 incident in East Palestine, Ohio—one of the worst environmental disasters in recent memory. The first incident involved the deliberate…
Senator Pushes Labor Government to Keep up With Allies on TikTok Ban
March 6, 2023
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AustraliaBusiness & MarketsChinaChina-Australia RelationsCompaniesInternational RelationsJames PatersonMedia & Big TechNational SecuritySocial MediaSpecial TopicsTechTech NewstechnologyTikTokUSUS-China relationsWorld
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The federal government is under pressure over its slow response to bans on Tiktok in the United States, Canada, and the European Union. The shadow minister for Cybersecurity and Countering Foreign Interference, Senator James Paterson, says the Labor government has been “inconsistent and haphazard” in its approach to national security. According to an audit by…
Asthma Drug Shortage Could Get Worse After Major Supplier Goes Out of Business
An ongoing shortage of liquid albuterol, a medicine commonly used for breathing problems like asthma, is expected to get worse as there is only one domestic supplier left. Akorn, an Illinois-based specialty drug company, filed for bankruptcy on Feb. 23 after years of trying to work through regulatory and financial troubles. It also closed down…
FDA Notice: Eye Drops Recalled Over Contamination That Could ‘Result in Blindness’
The U.S. Food and Drug Administration (FDA) issued a notice that more eye drops are being recalled worldwide, targeting the eye drops over possible bacterial contamination. Pharmedica USA LLC is recalling two lots of its Purely Soothing, 15 percent MSM Drops due to a non-sterility problem, according to the warning notice posted by the FDA. Methylsulfonylmethane,…
US Blacklists 37 Companies, Including China’s BGI, Inspur
March 6, 2023
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The Biden administration on Thursday added 37 companies to a trade, including units of Chinese genetics company BGI and Chinese cloud computing firm Inspur, in a move that promises to further ratchet up tensions with Beijing. The Commerce Department, which oversees export controls, added BGI Research and BGI Tech Solutions (Hongkong), over allegations that the…
Swiss National Bank Reports Annual Loss of 132.5 Billion Swiss Francs
ZURICH—The Swiss National Bank reported on Monday an annual loss of 132.5 billion Swiss francs ($141.54 billion), in line with the provisional calculations it announced in January. The loss, the biggest in the central bank’s 115-year history, was caused by a plunge in the value of the SNB’s investments caused by bond and stock market…
California Nuclear Plant Is Granted Exemption from Closing
Government regulators last week granted California’s largest nuclear power plant an exemption that could allow it to continue producing electricity after the expiration of its federal operating licenses. The double-reactor Diablo Canyon plant was scheduled to close in 2025. But the federal exemption will allow it to continue while the Nuclear Regulatory Commission (NRC) reviews…
Wall Street Opens Higher as Focus Shifts to Powell’s Testimony
Wall Street’s main indexes opened higher on Monday, as Treasury yields retreated ahead of Federal Reserve Chair Jerome Powell’s testimony and jobs data this week that could offer fresh cues on the trajectory of interest rates. The Dow Jones Industrial Average rose 34.35 points, or 0.10 percent, at the open to 33,425.32. The S&P 500…
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