Dr. Mohamed Al Hemairy: How blockchain can stop academic fraud
Business

Dr. Mohamed Al Hemairy: How blockchain can stop academic fraud

Home » Interviews » Dr. Mohamed Al Hemairy: How blockchain can stop academic fraud Fake degrees are a growing problem worldwide and can cause serious issues for employers and recruiters. While the practice may not be new, the advent of the internet has made it easier than ever to get hold of fraudulent qualifications.  It’s… […]

U.S. prosecutors look at short selling in bank shares
Business

U.S. prosecutors look at short selling in bank shares

NEW YORK, May 10 (Reuters) – Federal prosecutors in Washington are looking into short seller activity around the recent volatility in U.S. bank shares sparked by the failure of three regional lenders since March, a source familiar with the matter said.Short sellers, traders that profit by betting shares will fall, have come under scrutiny over… […]

Lackluster results, production target cuts deepen EV start-up gloom
Business

Lackluster results, production target cuts deepen EV start-up gloom

[1/2] A Lucid Air electric car with built-in Alexa is displayed in an Amazon booth during CES 2023, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 6, 2023. REUTERS/Steve… Read moreNEW YORK, May 9 (Reuters) – EV makers Fisker Inc (FSR.N), Nikola Corp (NKLA.O) and Lucid Group (LCID.O) disappointed investors with… […]

Nikola to pause truck production after posting bigger quarterly loss
Business

Nikola to pause truck production after posting bigger quarterly loss

May 9 (Reuters) – Nikola Corp (NKLA.O) on Tuesday reported a bigger quarterly loss and said it would pause production to streamline the assembly line at its Coolidge, Arizona, factory amid sluggish demand for its battery-powered trucks.The company said it would double down on cutting costs and that it will build battery electric trucks only… […]

Ryanair set to order jets from Boeing after price spat
Business

Ryanair set to order jets from Boeing after price spat

Ryanair orders 150 737 MAX 10 jets, has option for 150 moreFollows 18-month standoff over pricesRyanair paid more per seat than in previous dealsPARIS, May 9 (Reuters) – Ireland’s Ryanair (RYA.I) sealed a multibillion-dollar deal for as many as 300 Boeing (BA.N) jets on Tuesday, burying the hatchet after an 18-month public feud where prices… […]

Novavax lays off 25% of workforce, releases 2023 outlook
Business

Novavax lays off 25% of workforce, releases 2023 outlook

May 9 (Reuters) – COVID-19 vaccine maker Novavax Inc (NVAX.O) on Tuesday forecast much higher 2023 revenue than Wall Street expected and announced plans to cut a quarter of its workforce, spurring hopes of a recovery for the cash-strapped biotech, and its shares jumped 40%.In February, the company raised doubts about its ability to remain… […]