America Gets Three New Nobel Laureates In 2024
The Nobel Memorial Prize in Economic Sciences was awarded on money to two MIT and one University of Chicago scientist. The scientists Daron Acemoglu, Simon Johnson, and James Robinson, respectively, received the Nobel in Economics for their top-tier research on how institutions around the world shape which country becomes wealthy and prosperous. Their research also…
John David
TD Bank to Pay $3 Billion In Fines To US Government
TD Bank, one of Canada’s top banks, pleaded guilty on Thursday to money-laundering-related charges and has agreed to pay $3 billion in fines. Federal prosecutors brought the case and said that the bank made it easy for criminals to open accounts, transfer funds, and even deposit seven-figure cash at its branches. This incident has marked…
Succession Planning: Preparing Future Leaders
In any organization, leadership is the backbone that steers the ship, but what happens when a key leader steps down? Whether it’s a planned retirement or an unexpected departure, the transition of leadership can leave a company in limbo—unless there’s a solid succession plan in place. Succession planning is the strategy of identifying and preparing…
DOJ To Break Up Google Citing Monopoly Accusations
One of the world’s biggest and most valuable companies, Google, might have to split up its business on the government’s orders. This will be the biggest breakup in history and the second in half a decade. Last time, USA’s premier telecom provider, At&T, was split into Baby Bells four decades ago. The main reason for…
Rio Tinto Sets Sights on Lithium Producer Arcadium
Rio Tinto, the world’s second-largest mining company, is eyeing a deal to acquire U.S.-Based lithium producer Arcadium. Both companies confirmed the news in individual statements, although no financial details have been released. While Rio Tinto emphasized that the deal is not guaranteed. Currently, Arcadium is worth around $3.1 billion, and its Australian-listed shares saw a…
US Port Operators and Workers Reach a Deal to End Strike
The US dock workers and their operations have settled and made a deal that will immediately end the three-day strike that has significantly affected the US shipping industry. This three-day strike caused significant disruption in the country’s maritime trading, with around 45 container ships unable to unload. The deal between the port workers and operators…
Acadia Healthcare To Pay $20 Million in Settlement
One of the biggest hospital chains in the USA has succumbed to circumstances and agreed to pay $20 million to settle an investigation carried out by the Justice Department of the USA. The feds are accusing the company of wrongdoing in its psychiatric hospitals. According to the Justice Department, the company is defrauding taxpayer-funded medical…
Chief Technical Officer Mira Murati Leaves OpenAI
Amid the internal squabble in OpenAI, many top leadership members left the firm, and a new name has been added to that list. The CTO of OpenAI, Mira Murati, who has been monumental in its development, announced on Wednesday that she will be leaving the company soon. In a note to her OpenAI team, which…
TikTok Purges Russian Media Accounts Ahead of Elections
The social media platform TikTok has announced that it has taken down accounts associated with two Russian media groups for trying to exercise what is being called “covert influence” on the country’s presidential elections, which is against TikTok’s guidelines. The accounts were linked to Rossiya Segodnya and TV-Novosti, the organization behind two of Russia’s biggest…
The United States Blocks Chinese Russian Tech in Cars
Tensions are boiling up between China and the USA over multiple disputes. However, the USA has dealt the latest blow in the form of a technology ban. The US plans to ban Chinese and Russian tech from being used in making cars in America due to concerns over national security. Officials are worried that the…