T-Mobile, an American wireless network operator that provides wireless voice and data services, has been fined the sum of $60 million USD for failing to prevent and report unauthorized access to sensitive data. According to reports, the Committee on Foreign Investment in the U.S. imposed the fine on T-Mobile because it violated a national security…
Grail Inc. To layoff 350
Grail Inc. is an American biotechnology company founded in 2015 and headquartered in Menlo Park, California. It was previously a subsidiary of Illumina, it developed an early cancer screening test called the Galleri test for people who do not have symptoms. According to reports, Grail has announced plans to lay off 350 employees, which amounts…
Mpox: Public Health Emergency In Africa
Mpox, formerly known as monkeypox, is an infectious viral disease that can occur in humans and other animals. It is caused by the mpox virus, which belongs to the Orthopoxvirus genus. It can spread through close contact, such as touching, as well as through contaminated materials. Symptoms include a rash that forms blisters and then…
Mars: $36 Billion Kellanova Acquisition Deal
Mars Inc. is an American manufacturer of confectionery, food, and pet care products. It was founded in 1911 and is headquartered in McLean, Virginia. According to reports, Mars has announced plans to acquire Kellanova for approximately $36 billion USD. Mars will pay $83.50 per share in an all-cash deal for Kellanova. The report further mentions…
Saudi Arabia: $972 Million Solar Power Plant
Saudi Arabia has partnered with China Energy Engineering to build a solar power plant in the country valued at $972 million USD. According to reports, the 2-gigawatt (GW) photovoltaic plant will be built by a joint venture between China Energy Engineering and Saudi partners, sovereign fund PIF, ACWA Power, and Saudi Aramco Power Company. The…
General Motors To Recall 21,469 Vehicles
General Motors has issued a recall of 21,469 electric SUVs in the United States due to concerns of an unexpected activation of the anti-lock brake system. According to the notice from the National Highway Traffic Safety Administration (NHTSA), anti-lock brake systems help prevent wheels from locking when applied, helping reduce the risk of accidents. Affected…
TikTok: New Group Chat Feature
TikTok, the short-form video and messaging application, has added a group chat feature to its platform to take on popular messaging platforms like WhatsApp and Telegram. According to reports, users are able to create group chats with up to 32 people, and it will be available to users above the age of 15. Users can…
Greece: Wildfire Leads To Evacuations
Greece is a country in southeastern Europe, with a population of over 10 million residents as of 2023. It is bordered by Albania, Bulgaria, Turkey, and the Aegean Sea. According to reports, a wildfire burning near Greece’s capital city of Athens, which started on Sunday, August 11, 2024, has triggered the evacuation of thousands across…
Tourmaline Oil: $947 Million Crew Energy Deal
Tourmaline Oil is a Canadian energy company founded in 2008 that is engaged in the exploration, development, and extraction of crude oil and natural gas. It is headquartered in Calgary, Alberta, and was known as the largest natural gas producer in Canada as of 2021. According to reports, Tourmaline Oil has announced plans to acquire…
Saudi Arabia: $100 Billion Semiconductor Investment
Saudi Arabia, officially referred to as the Kingdom of Saudi Arabia (KSA), is the largest country in the Middle East, known for its vast oil reserves. It has over 32 million residents as of 2022. According to reports, Saudi Arabia plans to diversify its economy and reduce reliance on oil as it announces an investment…