March2022

Annual inflation in Russia accelerated to 9.15% in February from 8.73% in January, its highest in seven years, official statistics showed, with prices soaring further on a weakening rouble amid Western sanctions imposed over the Russian...

Due to a computer chip shortage that shows no signs of abating, automakers have battled to sustain production levels for over a year. The car industry’s efforts to scale up electric vehicle manufacture may be impeded...

Universal Music Group said Tuesday it was suspending all operations in Russia and closing its offices, as it joins a growing number of companies protesting the violence in Ukraine. The world’s largest music company’s decision followed...

Pfizer stated on Wednesday that it has begun a clinical trial of Paxlovid, a Covid antiviral medicine, in non-hospitalized pediatric patients aged 6 to 17. The Covid patients who will be evaluated will have a verified,...

Russia will soon be unable to pay its debts, according to a leading credit ratings agency. Fitch Ratings downgraded its view of the country’s government debt, warning a default is “imminent”. The move comes amid increasing...

Immutable, a Sydney-based NFT business backed by the likes of Coinbase, a publicly-traded cryptocurrency exchange in the United States, and billionaire Sam Bankman-Alameda Fried’s Research, has raised $200 million in Series C funding, valuing the company...

Canada’s biggest e-commerce company Shopify Inc will temporarily suspend Russian operations and stop collecting fees from Ukrainian merchants in the wake of the Russian invasion of Ukraine. “For the foreseeable future, Shopify will not collect fees...

The Chernobyl power plant and its security systems have lost all power, according to Ukraine’s energy operator Ukrenergo. Chernobyl was the site of the world’s worst nuclear tragedy in 1986. The plant was “completely isolated from...

AGL, Australia’s largest carbon emitter, said Monday that it had turned down a revised buyout offer from billionaire green activist Mike Cannon-Brookes, who wanted to close the company’s coal-fired power stations. The board of AGL, Australia’s...

After a three-year closure owing to the Covid-19 outbreak and political upheaval, Iraq’s National Museum reopened to the public on Monday. Treasures from the neo-Assyrian empire, as well as 9th century Islamic antiques, were reintroduced to...