Money

Egyptian authorities have seized a massive cargo ship which blocked the Suez Canal for almost a week last month, amid a dispute over financial damages. An Egyptian court ordered the vessel’s Japanese owner, Shoei Kisen Kaisha, to pay $900 million in compensation as a result of losses inflicted when the Panamanian-flagged Ever Given prevented marine

Southeast Asia’s ride-hailing giant Grab is setting the stage for an eye-popping Wall Street debut. The Singapore-based startup announced Tuesday that it would merge with a special-purpose acquisition company, or SPAC, backed by Altimeter Capital in a deal that would pave the way for a New York listing and value Grab at about $39.6 billion.

The A-list of China’s tech industry was summoned before the country’s powerful regulators on Tuesday for a dressing down over antitrust behavior, just days after Alibaba was hit with a record $2.8 billion fine for acting like a monopoly. The State Administration for Market Regulation (SAMR), along with the Cyberspace Administration (CAC) and the State

It was after 10 p.m. Monday when officials leading President Joe Biden’s ambitious vaccine effort received some alarming news. The US Food and Drug Administration, in conjunction with the US Centers for Disease Control and Prevention, was preparing an announcement for the following morning. It concerned Johnson & Johnson’s coronavirus vaccine, whose manufacturing delays and

So many Americans have been so focused for so long on getting vaccinated, reaching herd immunity and moving beyond the Covid-19 pandemic that news Tuesday that US agencies were recommending a pause in the use of one vaccine was a real kick in the gut. That’s especially true for anyone, like me, who has rolled

The US Centers for Disease Control and Prevention and the US Food and Drug Administration are recommending that the United States pause the use of Johnson & Johnson’s Covid-19 vaccine over six reported US cases of a “rare and severe” type of blood clot. One person is currently in critical condition and another, a 45-year-old

One encouraging sign that the pandemic-time panic among consumers has abated: Americans have stopped hoarding toilet paper, kitchen towels and wipes. Sales of toilet paper dropped 32.7% in the 12 weeks ending April 3 from the same period a year ago, according to market research firm NielsenIQ, which tracks point of sale data from retailers.

Egyptian authorities have seized a massive cargo ship which blocked the Suez Canal for almost a week last month, amid a dispute over financial damages, the state-run Al Ahram news outlet said on Tuesday. An Egyptian court ordered the vessel’s Japanese owner, Shoei Kisen Kaisha, to pay $900 million in compensation as a result of

The pause in Johnson & Johnson’s Covid-19 vaccine rollout could have a significant impact on the US — but not in the way you might think. Practically speaking, the effect is likely to be minimal. Even if the pause is prolonged, the US hasn’t relied very heavily on J&J’s vaccine, and the government said the

White Claw’s newest product is even boozier than the original. Surge, a new hard seltzer which is now rolling out in the United States, is sold in 16-ounce cans, each with 8% alcohol by volume. The product comes in blood orange and cranberry flavors and costs up to $2.99 per can. In addition to Surge,

One encouraging sign that the pandemic-time panic among consumers is abating: Americans are no longer hoarding toilet paper, kitchen towels and wipes. Sales of toilet paper dropped 32.7% in the 12 weeks ending April 3 from the same period a year ago, according to market research firm NielsenIQ, which tracks point of sale data from

Wall Street has been riding high as America’s vaccination program exceeded expectations, lifting prospects of a speedy economic recovery. But a potential major disruption to that campaign overshadowed optimism on Tuesday and investors hit the brakes. US stocks finished the day mixed, with the Dow in the red after the United States urged a pause

Apple is set to host its first product launch of the year next week, and it’s expected that it will be announcing an updated iPad Pro as well as new AirPods. The company on Tuesday sent out press invitations for a virtual event — with the tagline “Spring Loaded” — that will take place on

New Zealand is set to consider legislation that would require banks, insurers and asset managers to disclose the impacts of climate change on their businesses as the country tries to slash its carbon emissions. The government said in a statement Tuesday that the bill is the first of its kind to be proposed anywhere in

The robots are coming, and they’re bringing pizza. This week, Domino’s is rolling out a robot car delivery service to select customers in Houston. For those who opt in, their pies will arrive in a fully autonomous vehicle made by Nuro. Here’s how it works: Customers in the Woodland Heights neighborhood of Houston can choose

Wall Street has been riding high as America’s vaccination program exceeded expectations, lifting prospects of a speedy economic recovery. But a potential major disruption to that campaign overshadowed optimism on Tuesday and investors hit the brakes. US stocks were mixed at midday, with the Dow in the red after the United States urged a pause

As the vaccine rollout continues to accelerate and the broader US economy prepares to reopen, talk of vaccine verification apps has heated up. Tech companies, health care providers and even retail stores are working on digital health pass apps that will allow users to show proof of vaccination before entering events and businesses. The state