Tech News

US court rules distributors not responsible for opioid crisis

The three largest drug distributors in the United States have won a major court victory, with a judge ruling that they were not responsible for record opioid addiction in one part of West Virginia state.. Between May 3 and July 28, 2021, 70 witnesses testified as part of the lawsuit in federal court in Charleston, West Virginia.

Ford's US car sales rise despite semiconductor crunch

Ford reported higher US auto sales Tuesday, bucking an industry-wide trend of declines in the latest quarter amid crimped supply of semiconductor and other key parts.. "Amid industry-wide supply constraints, Ford outperformed the industry driven by strong F-Series, Explorer and new Expedition and Navigator SUV sales," said Andrew Frick, a vice president in sales and distribution at Ford Blue's, the company's division focused on internal combustion vehicles.

Disputed Russian cargo ship still stranded off Turkish coast

A Russian-flagged cargo ship at the centre of a fight over grain between Kyiv and Moscow remained anchored Tuesday off Turkey's Black Sea coast -- a full four days after its unexpected arrival.. Turkey's Foreign Minister Mevlut Cavusoglu said last month that Ankara was investigating reports of Russian-seized Ukrainian grain reaching its Black Sea shores.

French music streamer Deezer flops at stock market debut

French music streaming service Deezer's shares failed to strike the right note with investors at its Tuesday launch on the Paris stock market, plunging in morning trading by over 35 percent.. "With the right distribution, we know we can win market share and become rivals to the major players," CEO Folgueira told AFP ahead of the stock market launch.

Struggling SAS files for Chapter 11 bankruptcy proceedings in US

Faced with financial difficulties and a massive pilot strike, Scandinavian airline SAS said Tuesday it has filed for so-called Chapter 11 bankruptcy proceedings in the United States, as a part of restructuring plan.. SAS said its "operations and flight schedule are unaffected by the Chapter 11 filing, and SAS will continue to serve its customers as normal," while noting that the ongoing strike by Scandinavian pilot unions would continue to impact operations.

Hacker claims major Chinese citizens' data theft

A hacker claiming to have stolen personal data from hundreds of millions of Chinese citizens is now selling the information online.. Advertised on a forum late last month but only picked up by cybersecurity experts this week, the 23-terabyte database -- which the hacker claims contains the records of a billion Chinese citizens -- is being sold for 10 bitcoin (approximately $200,000).

I.Coast eyes cassava for its bread as wheat prices surge

As wheat prices are driven upwards by the war in Ukraine, bakers in the West African state of Ivory Coast are starting to use locally produced cassava flour to bake bread.. Both Ukraine and Russia are large wheat producers, and lost harvests and other uncertainties have driven up prices of the global staple.

Tunisia struggles to grow more wheat as Ukraine war bites

Tunisian farmer Mondher Mathali surveys a sea of swaying golden wheat and revs his combine harvester, a rumbling beast from 1976 which he fears could break down at any moment.. "I'd love to buy a new combine harvester, but I could only do it with help from the government," said Mathali, 65.

China mulls dipping into pork reserves to rein in costs

Chinese authorities could dip into strategic pork reserves in a bid to rein in prices of the staple meat, Beijing's top economic planner said Tuesday.. In 2019, authorities said they would free up land to restore pork production to pre-swine fever levels, and officials have since released supplies from reserves to rein in rising costs.

US, China discuss 'severe' economic challenges, supply chains

Top officials from the United States and China held a "candid" video call on Tuesday to discuss global economic challenges, especially regarding supply chains.. Yellen and Liu "discussed macroeconomic and financial developments in the United States and China, the global economic outlook amid rising commodity prices and food security challenges", the US Treasury Department said in a readout.