A US federal judge has rejected a plea deal between Boeing and the Justice Department, creating uncertainty around the aerospace giant’s criminal prosecution in connection with the development of its bestselling 737 Max jetliner. The deal would have allowed Boeing to plead guilty to a felony conspiracy charge and pay a fine, but the judge…
finance on The Soothsayer / page 9
Researchers at University College London have created the thinnest pasta ever made, measuring just 370 nanometers thick. This innovation was achieved by mixing flour with formic acid and using electrospinning to create nanofibers. The new pasta is not intended for human consumption but has potential applications in biodegradable bandages and wound dressings. Forecast for 6…
The COP29 climate talks in Baku, Azerbaijan, have reached a last-minute deal on climate finance, with rich countries pledging to increase their contributions to at least $300 billion annually by 2035. However, low- and middle-income countries (LMICs) have expressed disappointment and frustration with the agreement, citing the lack of clarity on how much of the…
Bitcoin’s recent price fluctuations have left investors on edge, but Solana has remained relatively stable. Meanwhile, Lunex Network has emerged as a promising new player in the DeFi space, offering a comprehensive trading solution with minimal fees and swift trades. As the cryptocurrency market continues to evolve, it’s clear that Solana and Lunex are poised…
Ripple’s XRP price has been on a strong rally, reaching a five-year high and sparking predictions that it may hit double figures before the current bull cycle ends. The project’s expanding market share and solid technical indicators suggest price appreciation. Meanwhile, Rexas Finance is another excellent investment opportunity for its unique real-world asset management approach….
Intel’s CEO Pat Gelsinger has been forced out, marking a significant shift in the company’s leadership. Gelsinger’s departure comes as Intel struggles to regain its footing in the chipmaking industry, with a market value more than 30 times smaller than rival Nvidia. The company’s financial woes have been piling up, with a $16.6 billion loss…
The tech industry has been hit with a wave of layoffs in 2024, with over 130,000 job cuts across 457 companies. Major players like Tesla, Amazon, Google, and Microsoft have all conducted significant layoffs, while smaller startups have also been impacted. The layoffs are a result of a combination of factors, including economic uncertainty, increased…
A looming patent cliff threatens to disrupt the pharmaceutical industry, with over $200 billion in annual revenue at risk through 2030. However, this presents a significant opportunity for biosimilar developers to capitalize on the transition to more affordable treatments. Several companies, including Alvotech, Biocon Biologics, Celltrion, Formycon, and Samsung Bioepis, are already making strides in…
Muslim and immigrant-owned businesses are facing a growing threat of financial exclusion due to the practice of “de-risking” by financial institutions. This has resulted in the closure of bank accounts and restrictions on transactions, making it difficult for these businesses to access essential banking services. The issue is particularly acute for charities and organizations working…
ChatGPT, the AI chatbot developed by OpenAI, has taken the world by storm since its launch in November 2022. The chatbot has become an essential tool for many Fortune 500 companies, and its latest partnership with Apple has given the company a significant boost in the AI race. However, OpenAI is facing internal drama, including…
