According to the Financial Times, the Japanese IT giant Fujitsu is facing financial penalties for giving the British postal corporation Post Office defective software that resulted in the false prosecution of hundreds of post office managers for allegedly embezzling money. At least 700 Post Office...

The large oil and gas corporation Shell has issued a forecast indicating that it expects to write down $4.5 billion in assets due to impairment in the fourth quarter of 2023. The portfolio's individual holdings, such Singapore's petrochemical assets, as well as macroeconomic and outside...

Axonics, a leader in medical technology, announced in a press release that it is to be acquired by US medical device manufacturer Boston Scientific for an estimated sum of $3.7 billion. Boston Scientific is going to pay $71 for each share in Axonics. The transaction is anticipated to close in the...

As tensions in the vital maritime route continue to increase, Israel's state media announced that the Chinese state-owned shipping behemoth Cosco has stopped shipments to Israel via the Red Sea.   As per Globes, an Israeli financial news outlet, Cosco's decision's details are still unknown....

Sam Altman, the CEO of OpenAI, will not be present at next week's CES trade event in Las Vegas. However, as device manufacturers scramble to find consumer applications for the technology, the generative artificial intelligence frenzy his business touched off last year will be on full display....

Consensus estimates from analysts indicate that the securities' price could increase by 37% in the upcoming year. Experts predict that the business will continue to hold the top spot in the data center graphics processor market while expanding its capabilities to accommodate artificial intelligence...

Chinese biotech Gracell Biotechnologies will be acquired by Swedish-British company AstraZeneca for a reported $1.2 billion. In total, AstraZeneca will pay $1 billion, plus an additional $200 million upon the achievement of specific regulatory requirements. It is anticipated that the deal would...

A trial court in San Benito County, California, has rendered a decision in support of Bayer Chemical Corporation, a company that was accused of causing cancer through its Roundup herbicide. The plaintiff's cancer was not deemed to be related to the usage of this herbicide, according to the court....

American aerospace companies Boeing Co. and Lockheed Martin have received offers from Jeff Bezos' Blue Origin and private equity firm Cerberus to buy launch vehicle manufacturer United Launch Alliance (ULA), the Wall Street Journal writes. The amounts of the bids made by Cerberus and Blue Origin...