Philips Braces for $600 Million in Legal Expenses Due to Defective Medical Devices
On February 25, 2021, Philips, the Dutch healthcare technology company, announced that it expects to accrue around $600 million in the second quarter of 2021, for litigation costs related to its ...
China Reverses Course on Diplomat's Remarks About Former Soviet Republics, Sparks Controversy
Recently, China's Foreign Ministry issued a statement backtracking on remarks made by one of its senior diplomats about the territorial dispute with India and the country's relationship with former ...
Philippines on edge as US war games fuel tensions with China: Analysis
US War Games Touch Nerve in Philippines as Tensions Flare with China The United States military exercises, held annually with the Philippines, have touched a nerve in the country amid rising tensions ...
Germany's Business Confidence Moderately Improves, Falling Short of Predictions
Introduction: Germany has been one of the most resilient economies globally, with a reputation for stability and success in various industrial sectors. The country's economic strength has largely ...
Twitter Brings Back Blue Verification Mark for Elite Accounts, Regardless of Payment
Twitter Reinstates Blue Verification Mark for Top Accounts - A Major Change in the Social Media Platform's Policies Twitter, one of the world's most popular social media platforms, recently announced ...
Philips earmarks €575m for medical device litigation expenses
Title: Philips to Take Major Hit on Medical Device Litigation Costs Dutch technology giant Philips has recently announced that it will set aside approximately €575 million ($678 million) to cover ...
US urges South Korea not to capitalise on Micron chip ban in China - FirstFT
FirstFT: US asks South Korea not to fill market gap if China bans Micron chips The United States has reportedly asked South Korea to avoid filling the potential market gap if China were to ban ...
Whack-a-Mole World: The Consequences of Excessive Fed Liquidity
Title: Too much Fed liquidity has led to a whack-a-mole world of problems In the years following the financial crisis, the Federal Reserve (Fed) pumped trillions of dollars into the economy, allowing ...
UK and Netherlands join forces to establish groundbreaking North Sea power connection
The United Kingdom and the Netherlands are set to build a new power link in the North Sea, which is expected to boost energy efficiency and increase the supply of clean power to both countries. The ...
Philips earmarks €575mn to cover litigation expenses for product recall
Title: Philips Takes Preemptive Action with €575mn to Cover Litigation Costs Related to Product Recall Philips, one of the leading Dutch technology firms, has been in the spotlight lately after ...
Cosmose switches to Near's crypto solution, leaving Stripe behind as company hits $500M valuation
Now valued at $500M, Cosmose ditches Stripe to adopt Near’s crypto solution Cosmose, the fast-rising tech company that specializes in offline analytics, has ditched Stripe as its payment partner to ...
Australia's New Defence Strategy: Countering China's Growing Strength
Australia overhauls defence strategy to respond to China’s build-up After decades of being a firm ally of the United States, Australia is now caught in the middle of the escalating power struggle ...
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