An Australian court will be asked to wind up the company behind a soft plastics recycling scheme that’s left mountains of waste across the country. Authorities have discovered more than 30 stockpiles of plastic across Victoria, New South Wales (NSW), and South Australia after the REDCycle scheme was paused last year. Efforts are now underway…
Push to Wind up Company Behind Failed Plastic Recycling Scheme
February 6, 2023
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Apple Removes Decentralized Twitter-Like App Damus From Chinese App Store
February 6, 2023
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Apple's China app storeBig Tech, Censorship, and SocialismBusiness & MarketsChinaCompaniesDamusFeatured TopicsJack DorseyMedia & Big TechSocial MediaTechTech NewstechnologyUS
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Apple has reportedly removed Damus, a Twitter-like social media app backed by the nostr protocol, from its Chinese app store owing to content deemed “illegal” by the Chinese communist regime. Damus shared on Feb. 3 a screenshot of an Apple notification, stating that the app failed a security assessment of “information services with attribute of…
Elon Musk Says to Attempt Starship Launch in March
SpaceX may attempt a Starship rocket system launch in March, its billionaire chief Elon Musk said in a tweet on Saturday. “If remaining tests go well, we will attempt a Starship launch next month,” Musk said, in a response to a user’s tweet about Starship. Musk had in January said that there was a “real…
GOP Fights Biden Deal That Lets Other Countries Tax US-Based Profits
February 4, 2023
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In one of the more unusual tactics to bring the United States into compliance with international agreements, the Biden administration has signed on to a global tax agreement that gives Congress the choice of either approving the deal or watching American companies suffer from foreign tax penalties. Congress this week said it would do neither….
Honda Issues ‘Do Not Drive’ Warning for Older Models Until Air Bags Are Fixed
The U.S. government and Honda issued a ‘Do Not Drive’ warning on Friday for about 8,200 older Acura and Honda vehicles that still have Takata Alpha airbag inflators, urging car owners to have them immediately repaired because the defective airbags make it dangerous to drive the vehicles they are installed in. The urgent warning relates…
Regeneron Quarterly Profit Plunged to 46 Percent as Eye Drug Sales Drop, COVID Drug Sales Dry Up
Regeneron Pharmaceutical’s fourth-quarter profit was negatively impacted after sales of its COVID antibody cocktail dried up and lackluster sales of its blockbuster eye drug, Eylea, but sales of its eczema drug Dupixent helped recover some losses. The pharmaceutical company’s quarterly report, released on Feb. 3, saw earnings initially fall by 46 percent due to reports of…
US Military Members Suing 3M Seek Dismissal of Subsidiary’s Bankruptcy
Current and former U.S. military members suing 3M over allegedly defective military earplugs have asked a U.S. judge to dismiss 3M subsidiary Aearo Technologies’ bankruptcy, accusing the company of using bankruptcy to shield itself from litigation, which has grown into the largest mass tort in U.S. history. The servicemembers’ group said late on Thursday that…
Carmaker BMW to Invest Around $870 Million in Mexico in EV Push
SAN LUIS POTOSI, Mexico—German automaker BMW will invest 800 million euros ($866 million) in the central Mexican state of San Luis Potosi to produce high-voltage batteries and fully electric “Neue Klasse” models, the carmaker said Friday. The expansion, set to add around 1,000 new jobs at its operations in the Mexican state, is BMW’s latest…
Samsung LED Settlement Worth $150 Million, Nanotech Firm Says
Samsung Electronics Co. has agreed to pay $150 million to British nanotechnology company Nanoco Technologies to settle patent lawsuits over technology used in Samsung’s LED televisions, Nanoco and an investor in its cases said Friday. Nanoco and Chicago-based litigation funding firm GLS Capital said in a release that the settlement, which includes a license agreement…
Big Tech Earnings Face More Heat as Cloud Cover Fades
Big Tech results reinforced concerns a boom in cloud services is easing, limiting a lucrative source of profit when a slowing economy has hit the companies’ other businesses and prompting a bet on artificial intelligence as the next growth driver. Earnings from Amazon.com Inc and Microsoft Corp.—which together dominate the cloud market—showed growth in the…
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