Business

Governments worldwide have long attempted to curb the tobacco industry. Zyn, a brand of flavored oral nicotine pouches resembling breath mints, represents the latest strategy in this ongoing battle. Owned by tobacco giant Philip Morris International, Zyn is a tobacco-free product. These small, gum-sized pouches deliver more nicotine than a cigarette directly into the bloodstream. Unlike traditional chewing tobacco, there’s …

The Justice Department has raised alarms about the potential national security risks posed by TikTok’s current ownership. In a recent federal appeals court filing, prosecutors argued that allowing TikTok to remain under its parent company, ByteDance, could enable the Chinese government to covertly manipulate U.S. elections. They warned that TikTok’s algorithm might be used for “secret manipulation” campaigns to influence …

Wiz has terminated discussions with Google’s parent company, Alphabet, regarding a potential $23 billion acquisition that would have marked Alphabet’s largest purchase to date, according to a memo from Wiz obtained by CNN. Wiz CEO Assaf Rappaport stated that the cybersecurity firm will now concentrate on an initial public offering (IPO) and aims to achieve $1 billion in annual revenue. …

In China, traveling six miles in a driverless taxi costs just around 50 cents. These self-driving cars, known as robotaxis, are being introduced at extremely competitive prices in Wuhan, a vast city with over 11 million residents in central China. The city aims to become the world’s first fully driverless urban area, despite current challenges the vehicles face navigating its …

Betano, an international online gambling platform operated by Kaizen Gaming, is on the verge of acquiring a license to operate in Denmark. This development marks a significant milestone in the company’s strategy to expand its footprint across regulated European markets. Key Developments: Licensing Process: Betano is currently in the final stages of obtaining a license from the Danish Gambling Authority, …

German Chancellor Olaf Scholz commended a preliminary agreement between Serbia and the European Union, signed on Friday, which opens the door for the controversial excavation of lithium. This major project aims to reduce Europe’s reliance on China but has faced significant opposition from environmentalists and critics. Scholz was present at a “critical raw materials summit” in Belgrade, where a memorandum …

In a significant move toward integrating the cryptocurrency sector into mainstream finance, Binance.US, the American affiliate of the cryptocurrency exchange Binance, achieved a notable court victory. A federal judge has permitted Binance.US to invest certain customer assets in US Treasury bills, lifting previous restrictions imposed by the US Securities and Exchange Commission (SEC). This court ruling allows Binance.US to transfer …

The European Union may soon impose temporary tariffs on Chinese biodiesel following an investigation that found the product is being sold at unfairly low prices in EU markets. This move is part of a broader EU effort to combat what it considers unfair trade practices by China. The EU has proposed “provisional” tariffs ranging from 12.8% to 36.4%, with these …