Category: Companies

Twitter Says No Evidence New User Data Leaks Were Obtained via System Bug

January 11, 2023
Business & MarketsCompaniesdataleaksMedia & Big TechTechTech NewsTwitter
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Twitter Inc. said on Wednesday that there was no evidence that data recently being sold online was obtained by exploiting a vulnerability in the company’s systems. Twitter said the data of 5.4 million of the accounts had been compromised by a bug it discovered early last year, which it previously fixed and disclosed over the…

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LVMH Names New Louis Vuitton CEO, Puts Arnault Daughter in Charge of Dior

January 11, 2023
ArnaultBusiness & MarketsCompaniesDiorLouis Vuitton
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PARIS—LVMH Chairman and CEO Bernard Arnault has reshuffled top management at his luxury goods empire, tightening his family’s grip with the appointment of his daughter Delphine to lead Christian Dior, and naming a new boss for Louis Vuitton. Pietro Beccari, who has been the head of Dior since 2018, is moving to replace long-time Louis…

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Congressman Ken Buck Condemns Big Tech Censorship, Anti-Competitive Practices

January 11, 2023
Big Tech CensorshipBig Tech, Censorship, and SocialismBusiness & MarketsCompaniesFeatured TopicsHeritage Foundationken buckUS
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Rep. Ken Buck (R-Colo.) has called out Big Tech for abuses of power, singling out Google as the “greatest threat to speech in the market.” The congressman has put forth a bill in the House that would attempt to limit the economic and political sway of several tech giants. Speaking to the Heritage Foundation on…

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Automaker Giant Stellantis Signs $30 Million Agreement With Australian Manganese Manufacturer

January 11, 2023
AustraliaautomakersBusiness & MarketsCompanieseconomyelectric vehicle batteriesElectric VehiclesenergyEuropeInflation Reduction ActmanganeseStellantisUSUS NewsWorld
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One of the world’s leading automakers, Stellantis, has announced a binding $30 million offtake agreement with the Western Australian manganese manufacturer, Element 25, on Jan. 9, 2023. The agreement secures for the company 45 kilotons (around four Eiffel Towers) of battery grade, high purity, manganese sulphate monohydrate (HPMSM) from Element 25 to Stellantis over five years,…

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Major Australian Union Pushes for Non-Members to Pay Up

January 11, 2023
ACTUAustraliaAustralian Manufacturing Workers UnionBusiness & MarketsCFMEUCompanieseconomic policiesWorld
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One of Australia’s largest unions wants to see non-union members pay them for any future successful negotiations for higher wages and conditions. This is despite union membership falling to an all-time low in 2022. Union membership has been on the decline in Australia for decades, and the Australian Manufacturing Workers Union—one of the country’s largest—would…

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COVID-Narrative Dissenters File Antitrust Action Against Legacy Media Over Coordinated Censorship

January 11, 2023
AMERICABig Tech, Censorship, and SocialismBusiness & MarketsCCP VirusCompaniesEditor's PicksFeatured Topicslegacy mediaMedia & Big Techrobert f. kennedy jrUSUS NewsVaccines
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A coalition of outspoken critics and skeptics of the mainstream narratives on COVID-19 has brought an antitrust lawsuit against some of the world’s largest news organizations, accusing them of working in collaboration to suppress dissenting voices surrounding the pandemic. The lawsuit (pdf), filed on Tuesday in a federal court in Texas, targets The Washington Post,…

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Billionaires-Backed Solar Company Sun Cable Collapses Amid Funding Dispute

January 11, 2023
AustraliaBusiness & MarketsCompanieseconomygreen energyMike Cannon-BrookesRenewable Energysolar panelsSolar powerWorld
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Sun Cable, the company behind the world’s biggest solar project aiming to supply up to 15 percent of Singapore’s total renewable electricity needs annually, has entered voluntary administration.  The company had been backed by two Australian billionaires, Atlassian co-founder Mike Cannon-Brookes and former CEO of Fortescue Metals Group Andrew Forrest.  In a vague media statement…

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Small-Business Optimism Dives to Six-Month Low, Inflation Cited as Top Problem

January 11, 2023
Business & MarketsCompanieseconomyinflationoptimismPolicies & Impactssmall businesssmall business optimismUS
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Optimism among small businesses continues to remain weak amid decades-high inflation and concerns about the future of the economy, the latest survey by the National Federation of Independent Business (NFIB) shows. The NFIB Small Business Optimism Index fell by 2.1 points, to 89.8, in December, which is the twelfth consecutive month it remained below the…

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Agriculture Sector Juggles Ottawa’s Sustainability Push With Mounting Costs

January 11, 2023
agricultureagtechBusiness & MarketsCanadaCompaniesinflationWorld
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News Analysis The agriculture sector is preparing for Ottawa’s next policy framework with its increased focus on sustainability. More technological change is also filtering into the industry, but its implementation faces significant logistical and even cultural obstacles, and it relies heavily on government funding. A top priority of agri-businesses is to take care of the…

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Bed Bath & Beyond Reports Deeper Losses Than Prior Warnings

January 11, 2023
bankruptcyBed Bath & BeyondBusiness & MarketsCompaniesEarnings ReporteconomyInvestmentUS
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Bed Bath & Beyond (BBBY) reported deeper losses than expected after the company announced last week that it might have to seek bankruptcy. The home goods retailer witnessed a net loss of $393 million for the third quarter, more than the $366 million net loss in the second quarter. Analysts last week had originally expected a $386…

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