08/08/2022

Business

US news site Axios agrees to $525 mn buyout

US news website Axios, which has shot to prominence since its 2016 founding, has agreed to a $525 million deal to sell itself to US telecom group Cox Enterprises, the firms said Monday.

Business

US regulators clear Boeing to resume 787 deliveries

After more than a year, aviation giant Boeing will be allowed to resume deliveries of its 787 Dreamliner aircraft "in the coming days," after the company made changes to its manufacturing process, US air safety regulators ...

Electronics & Semiconductors

Rush to build more chips puts environmental progress in peril

The CHIPS and Science Act, which President Joe Biden is poised to sign into law next week, was pitched as a once-in-a-lifetime chance to revitalize the U.S. semiconductor industry and counter Asia's manufacturing power.

Business

US issues sanctions on a 2nd virtual currency mixing firm

The Treasury Department has imposed sanctions on virtual currency mixer Tornado Cash, which has allegedly helped to launder more than $7 billion worth of virtual currency since its creation in 2019.

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